“We are excited to follow up on last year’s discovery of the Cinco Senores Vein target, where the Company intersected 2m of 21.37 g/t gold in a new zone. This discovery demonstrates the well-endowed nature of Las Minas and the potential for opening up another area of significant gold mineralization at the project.”
A property payment of US$100,000 due October 15, 2020 has now been deferred to May 31, 2021.
“As we approach the data cut-off for our initial resource, we are excited to see the high-grade intercepts at Rascadero in the northern end of Los Ricos South. After 16 months of drilling, these intercepts are among some of our best to date,” said Brad Langille, President and CEO.
GR Silver Mining President and CEO, Marcio Fonseca, commented, “We are very pleased with the progress of our exploration program at Plomosas. We see significant strike length, down dip extensions and the presence of multiple veins, exhibiting the potential to define a large low sulphidation epithermal system covering most of the areas previously drilled.”
“Having two highly prospective properties in Quebec, which are both proximal to major gold discoveries, allows us to leverage our technical team and increases our chances for multiple discoveries. Accordingly, a rebranding to QcX Gold Corp. aligns us with our new exploration focus,” Albert Contardi, Interim Chief Executive Officer of FMG.
Argonaut intends to use the net proceeds of the Offering for the advancement of the Company’s Magino project and for general corporate purposes.
“In light of the National Labor Relations Board’s (NLRB) decision to prosecute ASARCO for alleged violations of federal labor laws,” said USW District 12 Director Gaylan Prescott, “the best strategy for the most bargaining leverage is to end the current strike and make an unconditional offer to return to work.”
The aggregate proceeds raised under the Offering will be used for exploration expenditures related to the Gold Chain, Arizona project; the Jefferson Canyon, Nevada project; the Tip Top Gold, Nevada project (subject to completion of the proposed Territory Metals Corp. acquisition, see press release dated June 4, 2020); and, for working capital and general corporate purposes.
FCX’s 2020 revised operating plans are focused on safeguarding its business in an uncertain public health and economic environment, advancing the ramp-up of underground production at Grasberg to establish large-scale, low-cost copper and gold production, and advancing initiatives in the Americas to position FCX for significant increases in cash flows in 2021 and beyond.
Fortuna Silver Mines Inc. regrets to inform of the sudden death of a 34-year old contractor’s employee at the Caylloma Mine, located in the province of Arequipa, on Sunday, July 5, 2020. The family and authorities have been promptly informed.
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