Discovery is focused on advancing our 100%-owned flagship Cordero project in Chihuahua State, Mexico. The 35,000-hectare Cordero property covers a sizeable district that hosts a very large known silver resource as well as numerous exploration targets for bulk tonnage diatreme-hosted, porphyry style deposits and also carbonate replacement deposits.
“Drilling is the most exciting phase of mineral exploration and the Company is looking forward to developing its understanding of the gold zones along strike and to depth and the potential in discovering new zones. The Company’s recent geological and structural mapping and rock sampling program has provided new interpretations to the controls of the gold mineralization in several prospects which will greatly aid our drilling program towards success,” commented CEO Lorne Warner.
N. Eric Fier, CPG, P.Eng, and CEO, remarked, “We first looked at acquiring Picacho in 2016, after the sale of SilverCrest Mines Inc. (SilverCrest’s predecessor) in 2015, as a continuation of our regional exploration program on search of a new district containing multiple precious metal epithermal veins. After 4 years of patience, we have now acquired the next district. The most historic prominent vein in the district, El Picacho Vein, can be easily accessed by a 4 metre by 4 metre underground decline which visually shows the vein underground as approximately 6 metres wide with historic grades and SilverCrest recent sampling results ranging from 350 to 1,000 gpt silver equivalent.”
Fred Davidson, President & CEO of IMPACT, stated, “At the outset of the COVID19 pandemic we were all faced with an uncertainty and potential prolonged catastrophic shutdown if the virus spread. I would like to commend our operation staff on an effective social distancing practice in limiting COVID19 to zero cases Zacualpan mining district and contributed significantly in being able to recommence operations in a timely manner.”
“Hochschild has considerable experience in the Americas and we welcome their expertise in advancing exploration on Orogen’s Sarape gold project. The Sarape project is a low sulphidation epithermal gold target located in the same valley as Premier Gold’s Mercedes mine, SilverCrest’s Las Chispas project and First Majestic’s Santa Elena and Ermitaño mines.”
Sonoro Metals Corp. is pleased to announce that the Board of Directors has approved the change of the Company’s name from “Sonoro Metals Corp.” to “Sonoro Gold Corp.”, subject to the approval of the TSX Venture Exchange, which will better reflect the Company’s future business interests.
Silver Viper’s President and CEO Steve Cope states, “We are extremely pleased to see the second of our scissor holes at El Rubi intercept a long run of mineralization, starting at a depth of 75 metres down hole. The hole was designed to intercept thin but often high-grade stringers we have seen in the footwall of the El Rubi structure. While not unexpected, the length of this interval reached 110 metres of gold-silver mineralization which is a very positive result. This discovery requires rigorous and extensive follow up, but it appears to support our belief that the western zone could reveal itself as a significant part of the El Rubi story.”
Warren Rehn, President and Chief Executive Officer of Golden Minerals, commented, “We continue to intersect thick intervals of near-surface, high-grade gold mineralization at Rodeo. The results of this infill drilling program are showing an improvement in gold grades on average compared to previous drill hole results. This further supports our plan to develop the project and process this high-grade material in our oxide plant at Velardeña.”
Silver Spruce Resources Inc. announced today that it has granted 300,000 stock options to its CFO, Camilla Cormier, with an exercise price of $0.05 per share and an expiry date of August 26, 2025.
“We are extremely pleased to have intersected the high grade La Soledad vein with the first drill hole of the program and excited to report these bonanza grades for both gold and silver. The second hole located part of the old workings and also returned an excellent intersection from the footwall of the vein.”
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