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.
Zinc Concentrate Offtake Agreement with Penoles, a major Latin-American mining company and one of the world’s leading refiners of Zinc and the largest global refiner of silver, extended until the end of 2021.
Monarca Minerals, Inc. announces that is has completed the previously announced shares for debt transaction to settle an aggregate of $301,324.90 owing to certain officers, directors and service providers of the Company through the issuance of an aggregate of 6,026,498 common shares of the Company at an implied issue price of C$0.05 per share.
The following officers were re-appointed subsequent to the annual general meeting: Lawrence Page, Q.C. as President, Robert Macdonald as Vice President, Exploration, Graham Thatcher as Chief Financial Officer, and Arie Page as Corporate Secretary.
Brad Mercer, Capstone’s SVP Exploration and Operations said, “We decided to take a two-phase approach and release the Mineral Reserves ahead of our 2021 budgeting cycle, allowing us to greenlight key projects by year-end. The second phase of this work, targeted for completion in Q4 2020, will focus on opportunities we have identified, such as the feasibility of high-grade pillar extraction using paste backfill, updating the block model with ongoing exploration results and ongoing metallurgical and geotechnical work on Vein 10 not in Reserve.”
The Company awaits a response from SEMARNAT to the Court decision. Almaden will update shareholders when it has more information regarding the impact of this decision on SEMARNAT’s review of the MIA permit.
Capitan’s CEO, Alberto Orozco, stated: “We are very excited to achieve this milestone. Our team has been working hard to get the Company to this point and we feel very excited to start trading. Capitan will now focus its efforts on the exploration of the Peñoles project in Durango, Mexico where we plan to begin our drill program in the coming weeks.”
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