“The DCIP survey represents an important step in the Company’s previously announced program of environmental studies, phased surface exploration, deep 3D geophysical surveys, and diamond drilling that aims to verify and build upon an updated geological model and a substantial body of historical drilling, mineral resource estimates, and Pre-Feasibility studies,” said Craig Dalziel, Oroco’s CEO.
Silver Tiger CEO, Glenn Jessome states, “I am proud of our team on the ground in Mexico who have worked so hard since returning to El Tigre in June to implement strict Covid 19 protocols so that we have been able to safely resume drilling. The $11 million we raised from institutional investors in July gives us a runway to drill the next 25,000 meters at El Tigre. The team is excited to have the initial two drills turning so we can follow up on our high grade silver discovery holes drilled in the Caleigh and Protectora veins.”
This is the first time since the early 1980s that these properties have been consolidated, allowing MAG to apply an integrated district-scale exploration approach based on the continuum of mineralization styles from CRD through Skarn to Porphyry Copper-Molybdenum shown by many related systems worldwide.
The net proceeds from the sale of the Units will be used by the Company for exploration and general corporate and working capital purposes.
Canasil President and CEO, Bahman Yamini, commented: “Cutting the Candy vein as well as zones of disseminated silver mineralization below the historical workings in the first two drill holes at the Nora project is an encouraging start to the drill program.”
Redstar CEO, Charles Funk, commented “Commencing drilling at Unga is another significant milestone for Redstar Gold as we complete our transformation into a leading exploration company.”
Aztec Minerals Corp. announces that the first 5 holes totaling 843 meters of the current 2,900 metre, 20-hole Phase 1 reverse circulation (RC) drilling program at the Tombstone Property have been completed.
Exploration work is being funded and managed by Resolution Minerals in a collaborative arrangement with Millrock as the project operator.
The Company is thrilled to report that the new section of the leach pad is operating according to plan” stated Americas President and CEO Darren Blasutti.
Candente Gold Corp. is pleased to announce the signing of a Letter of Intent to enter into a profit sharing agreement on the Cocula Gold Project in Jalisco State, Mexico whereby Candente Gold will be entitled to receive 70% of any potential profits that may be derived from mining and processing of the deposit.
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