El Sol is a non-core asset for Monarca and net proceeds from the sell will be used to advance the Company’s San Jose project in Chihuahua, Mexico and for general working capital.
Alianza Minerals Ltd. reports that Rob Duncan, M.Sc. (Geological Sciences – University of British Columbia) has been appointed Vice President, Exploration of the Company effective August 1, 2020.
San Marco’s CEO, Bob Willis, commented “We are pleased to acquire additional ground at Buck. This expanded land position, contiguous to our current land holdings, will allow us to explore additional targets in the area. The mineralized surface footprint at Buck continues to expand, as such our new ground allows for continued definition of exploration targets within land we control”.
Bill Brodie Good, Technical Director of Alien Metals, commented: “The Company is eager to complete the acquisition of Elizabeth Hill as quickly as possible.”
Ranjeet Sundher, CEO, remarks “Closing the Picachos acquisition marks our official entry into the Sierra Madre epithermal belt, which has seen tremendous drilling success from neighboring exploration companies. Brigadier is well funded, having closed $4.2 million in financings over the last 30 days, and is preparing to initiate a maiden 5,000 metre drill program targeting the high-grade historic San Agustín mine. In addition to the high-grade San Agustín mine, Picachos offers exceptional exploration potential, with over 160 historic mines and workings throughout the Property.”
Ewan Downie, President & CEO of Premier, commented: “We are very excited to add the Getchell Project to our already strong base of Nevada assets. The property has a long track record of successful gold production and we believe that the open pit and underground gold historical resources at Getchell were amongst the highest-grade in North America based on historical work completed on the property and the property will form an integral part of our US-based activities.”
Morgan Good, Chief Executive Officer of Carlyle, commented: “We are extremely thrilled to form this strategic partnership with Robert Dickinson and The Hunter Dickinson Group. HDI is a world-class organization with numerous major discoveries and significant mining success for more than 30 years.”
“During this operational downtime, we made adjustments in all areas, including milling and underground, which are helping improve our tonnage throughput at both mines as operations resumed. Consolidated production is now on track to return to Q1 2020 levels. With improved metals prices, most particularly silver, and production ramping up towards historic levels with improved efficiencies we are optimistic about our Q3 2020 results.”
The proceeds from the private placement will be used for exploration of the El Mezquite and Pino De Plata projects and general working capital.
Freeport-McMoRan Inc. announced today the appointment of Joshua F. “Josh” Olmsted as President and Chief Operating Officer – Americas upon the retirement of Harry M. “Red” Conger, IV (age 64).
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