The net proceeds from the Financing will be used to, among other things, refurbish the El Cubo mill for operation and further delineate and develop the historic resources identified by Endeavour Silver Corp. while operating the El Cubo mine.
Candente Gold Corp. is pleased to announce that technical experts have been engaged for permitting and deposit modelling for the El Dorado and Cocula projects and for permitting for the San Dieguito de Arriba plant. Claudia Santos of Consultoría Ambiental VUGALIT S.C. will be handling permitting with Barney Lee, of Mingeo International S.A. de C.V.
The new technical report entitled “NI 43-101 Mineral Resource Update Technical Report on the Guanajuato Mine Complex, Guanajuato and San Ignacio Operations, Guanajuato State, Mexico” supports the Company’s updated Mineral Resource estimate for the GMC announced by news release on November 23, 2020.
Mr Gastélum joins Fresnillo following the retirement of David Giles.
The net proceeds from the Private Placement will be used to fund exploration activities, technical studies, community social relations programs and permitting at the Company’s projects and for general and working capital purposes.
The Report dated November 13, 2020, with an effective date of August 31, 2020, is entitled “Independent Technical Report for the Cusi Mine, Chihuahua State, Mexico.”
Golden Minerals President and Chief Executive Officer, Warren Rehn, commented today on the progress at Rodeo, “Thanks to the efficiency of our team in Mexico and the experienced and capable contract mining group, we have started mining at Rodeo about two weeks ahead of schedule. The installation of the second ball mill at our processing plant is also ahead of schedule. We expect to fulfill our plan to be producing gold and silver doré bars for sale in January 2021.“
“We are very pleased to have the requisite funds in the Company account to initiate focused geology and geophysical surveys leading to a Phase 1 drilling program of Melchett Lake, reported Dr. Brian Penney, Chairman and CEO of Silver Spruce.
“The ability to efficiently execute our first drill program at Pilar is an important milestone for Tocvan.” commented President and CEO Derek Wood. “As we await drill results, planning has begun for the next phase of exploration. 2021 will be an important year for the Corporation as we look forward to the continued advancement of Pilar.”
The Layback Agreement will allow Orla to expand the Camino Rojo oxide pit onto part of Fresnillo’s mineral concession located immediately north of Orla’s property. Orla will have access to the oxide and transitional heap leachable mineral resources on Orla’s property below the open pit outlined in the June 2019 Feasibility Study.
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