Kenneth MacLeod, Sonoro’s President & CEO, added, “The latest assay results from Buena Suerte provide compelling evidence that it has become one of the prime targets for developing a new, higher grade mineralized zone at Cerro Caliche. We are confident that the current results will contribute to a material increase of the current inferred resource estimate at Cerro Caliche.”
The Guigui Project is located in the heart of the Santa Eulalia Mining District, home to Mexico’s largest Carbonate Replacement Deposit (CRD). The Santa Eulalia Mining District has produced 510 Moz of silver, 4.2 MT of lead, 3.6 MT of zinc, at average grades of 310 g/t Ag, 8.2% Pb and 7.1% Zn.
“We are very encouraged with the early success of the inaugural diamond drill program at Picachos,” remarked Ranjeet Sunder, President and CEO of Brigadier Gold. “To confirm high grade gold mineralization in a vein system totaling 8 kilometres in length, within a property that hosts multiple of these systems is exciting and points to further discovery potential within the project.”
Together with the previously announced change of land use notification, the Company possesses all the key federal approvals necessary for the construction of a commercial scale mine and associated processing facilities at the Fortuna project site.
Alamos Gold Inc. today announced that the Company’s Board of Directors has declared a quarterly dividend of US$0.02 per common share.
“Our recent delineation drilling at Marianas, San Martin and Diluvio West confirm that these zones are emerging as important contributors to the future production at Mercedes,” commented Stephen McGibbon, Executive Vice-President. “We are excited by these three major areas that have yielded some of the best grade intercepts over the past several years.”
Orogen Royalties Inc. is pleased to announce the appointment of Marc Tran as Chief Financial Officer of the Company. Mr. Tran takes over from Mr. Mahesh Liyanage, who is leaving the Company to pursue his own CFO services business.
The Company wishes to settle an aggregate of up to $650,000 of indebtedness by the issuance of up to 9,300,000 Shares and 9,300,000 Warrants at $0.07 per Unit.
Fresnillo plc regrets to announce the death of Mr Luis Robles, independent non-executive director of the Company, after a short illness. The Board extends its deepest condolences and sympathies to Mr Robles’ family and would like to take this opportunity to express its thanks for his significant contribution to the Company.
The results confirm the presence of wide and high-grade zones of silver, gold, lead and zinc mineralization, close to the surface in a new mineralized structure paralled to the San Juan Area. In addition to encountering attractive, near surface polymetallic (Ag-Au-Pb-Zn) mineralization at Yecora, gold-hosted veins have been identified indicating new opportunities for shallow drilling.
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