“We are very pleased with the progress at Juanicipio. The metallurgical response of the mineralization is correlating well with our expectations. We will start optimizing flotation parameters over the next two quarters, which will significantly de-risk the Juanicipio plant start-up,” said George Paspalas, President and CEO.
VanGold Director Dan Oliver stated: “We are very pleased to have reached this new Agreement with Hernan and Gerardo Dorado the original venders of El Pinguico. The new terms allow VanGold to extend the cash payment portion of the Agreement out until March 2023 to allow VanGold to direct more of its resources to developing the El Pinguico Project.”
The Company continues to seek an amicable resolution of its dispute with the Government of Mexico including by diplomatic channels of resolution.
Tarachi President and CEO, Lorne Warner stated “We are excited to start our first phase of drilling soon at San Javier with nine proposed holes for a total of 864 metres, once completed the style and structural controls to mineralization will become better understood and further drilling will be proposed.”
Rob Macdonald, Vice President Exploration stated: “The mineralization identified in 20CLM-119 is comparable in both grade and thickness to several mineralized intercepts previously identified by Southern Silver at the South Skarn and Bocona targets in drilling between 2011 to 2015 and provides confidence in our targeting as we work to continue expanding the mineral resource base at the Cerro Las Minitas project.”
GR Silver Mining President and CEO, Marcio Fonseca, commented, “The Company has taken advantage of new outcrops of fresh rock resulting from the construction of a new road access to the San Marcial Tunnel. The exposure of a wide hydrothermally altered, silicified and sulfide rich zone revealed high grade silver and gold mineralization in the footwall area adjacent to the Resource Area, that has the potential to add to the San Marcial NI 43-101 resource estimate.
During the nine months ended September 30, 2020, the exploration team completed 146,000 metres of in-fill and expansion drilling at the Las Chispas Project located in Sonora Mexico.
“We’re pleased with the strong results from the drilling program at La Trini and expect additional results shortly from Salomon-Favor where 3 drill rigs operate continually. We anticipate these results will build upon the excellent results achieved in our initial drill holes at Salomon-Favor,” said Brad Langille, President and CEO.
The Secondary Offering will consist of, initially, 3,500,000 Shares (corresponding to approximately 4.9% of the total outstanding Shares on the date hereof) owned by the Selling Shareholders, in Brazil, exclusively in the form of BDRs, of which 2,100,000 BDRs will be offered by ARC Fund and 1,400,000 BDRs will be offered by Ruffer.
Magna Gold Corp. is pleased to announce that the Company and Molimentales del Noroeste, S.A. de C.V., a subsidiary of the Company, have entered into a definitive option acquisition agreement with Sable Resources Ltd. and Exploraciones Sable, S. de R.L. de C.V., a wholly-owned subsidiary of Sable, to acquire the Vendor’s option to acquire a 100% undivided interest in the mining concessions comprising the Margarita Silver Project.
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