Vista Gold Corp. today announced receipt of the final $1.5 million payment from Prime Mining Corp. and through its wholly-owned subsidiary, Minera Gold Stake, S.A. de C.V. has executed a transfer agreement that assigns MGS’s legal title to the claims covering the Guadalupe de los Reyes gold / silver project to a subsidiary of Prime Mining.
Daniel Kunz, Chief Executive Officer Prime Mining Corp commented, “With the completion of the transaction Prime now owns 100% of Los Reyes, an oxide open-pit project that already has a high-quality gold-silver mineral resource with exceptional growth potential.”
“Doing it right” means keeping costs low and timelines short. It means keeping the market well informed about Tocvan’s progress and drilling news. And, as nearly three decades in the brokerage business, taught Wood, it means advancing the Pilar project with a minimum of stock dilution. Add an emerging bull market for junior gold and silver explorers and Tocvan is on its way.
Akiba Leisman, Chief Executive Officer of Mako states, “although the assays from these holes came back after the original cutoff date for preparing the updated mineral resource estimate, the Company and MDA concluded that they are significant and should be included in the updated mineral resources estimate. Importantly, the updated resource estimate is still on track to be delivered this quarter.”
GR Silver Mining President and CEO, Marcio Fonseca, commented, “The mineralized veins and hydrothermal breccias at the Plomosas Mine Area were originally interpreted to be confined only along the major Plomosas Fault, however our recent validation and integration of all drill results, underground structural mapping and sampling, supports the occurrence of additional mineralized veins outside of that major structure.
Chris Wright, Executive Chairman & CEO, commented: “In the past four months of remote work, and in conjunction with our previous exploration, our understanding of the underlying mineral systems at our Zacatecas projects has advanced and evolved considerably. Our geological model has defined a large number of targets outside of our main resource along the Veta Grande vein that we are preparing for drill testing.”
Taj Singh, President and CEO, states: “We continue to intercept wide zones of bulk-tonnage style mineralization along the North-East Extension at Cordero. In addition, our understanding of the previously overlooked high-grade vein trends on the property continues to evolve.”
Pan American Silver Corp. announced today that it is moving its Huaron and Morococha operations in Peru into care and maintenance in response to several workers at the mines recently testing positive for COVID-19.
Orex intends to use the net proceeds of the Offering to maintain its 40% share of the Sandra Project in good standing and fund its 40% share of the upcoming work program, and for general corporate and working capital purposes.
The men died in a methane explosion at a Coahuila coal mine 14 years ago.
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