Great Panther President and CEO Rob Henderson commented: “We are pleased to have completed another productive drilling campaign at GMC, successfully outlining new resources and demonstrating the quality of the orebody.”
The Company intends to use the net proceeds of the Private Placement to advance development of its near term gold production and near surface exploration opportunities while advancing drill targets on the El Oro project, its flagship asset, and for general working capital purposes.
Fred Davidson, President & CEO of IMPACT, stated, “I would like to thank the focus and dedication of our team for their concerted effort in managing the operation through an unforeseen pandemic like COVID-19 and keeping the workforce safe first of all, and second of all delivering a solid quarter.”
The proceeds from the Placing augment the Company’s strong cash balance and will be used to extend and accelerate a range of exploration activities across the Company’s portfolio, with immediate programs to be expanded in both Mexico and Western Australia.
Equinox Gold Corp. reports that preparations to restart mining activities at its Los Filos Mine in Mexico have been suspended due to the resumption of the blockade by certain members of the nearby Carrizalillo community.
Telson Mining Corporation is pleased to announce that it has initiated the transport of ore from its Tahuehueto Gold Project, located in Durango, Mexico, for mineral recovery at the Atocha toll mill, as part of a 3,500 tonne toll mill campaign.
Fresnillo is pleased to confirm the appointment of Tomás Iturriaga as Chief Operating Officer of the Company with effects as of 19 November 2020.
The recently received batch of assays contain significant results from the Cerro Rojo area, the El Sahuaro target area, and from the West Evelyn area of the property.
The Property is comprised of two mining concessions, covering 125.625 hectares, located within the prolific Sierra Madre Gold Belt, which hosts numerous multimillion-ounce gold-silver deposits, 88 kilometers south of the state capital of Chihuahua in the Municipality of Satevo, State of Chihuahua, Mexico. The Property lies 15 kilometres northwest on strike with Sunshine Silver Corp.’s Los Gatos Mine.
“In 2018 our priority was to restart Aranzazu under a detailed and sustainable production plan. Since we restarted the project last year, we have been investing in geology and exploration in order to increase the life of mine as well, besides optimizing operational efficiencies.”
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