While exploration and mining in Mexico have been hampered by suspensions and slowdowns of operations due to the COVID-19 pandemic, the country will get through this challenge and gradually resume normal operations.
The president then urged Canada’s ambassador to prevail on the companies that there was no need to seek legal redress because “it’s very clear that they have these debts with the tax authority, and that (Canada) help us to convince them.”
Silver Viper Minerals Corp. is pleased to announce that, following a nine week pause in operations, the exploration camp at La Virginia has re-opened and drilling activities are now underway. With close support from Globexplore Drilling, facilities at the exploration camp have been upgraded with enhanced health and safety protocols including monitoring and reporting systems.
Taj Singh, President and CEO of Discovery commented, “With the closing of the financing we now have over $40 million of cash on our balance sheet, putting us in a strong position as we restart our exploration activities at Cordero. We look forward to safely resuming operations later this month and carrying on with the positive momentum we have generated from our excellent exploration results to date.”
“The commencement of the environmental baseline study at Las Minas, as well as drilling, marks the re-start of our much anticipated 2020 program,” stated Philip O’Neill, Chief Executive Officer. “With the start of resource expansion and exploration drilling in early July, we will be well on our way towards achieving a PEA at Las Minas.”
The Company intends to use the proceeds from the Private Placement for exploration of the Alamos Silver Project and general working capital purposes. All securities issued and issuable under the Private Placement are subject to a four-month hold period from the date of closing of the Private Placement, in addition to any other restrictions under applicable law.
Kootenay Silver Inc. is pleased to announce the recommencement of drilling at its Columba high-grade silver project following the temporary COVID-19 related work stoppage. The drilling is the continuation of the 7,000-meter Phase-II program started in February 2020 prior to the cessation of operations due to health restrictions imposed by the Government of Mexico.
SSR Mining Inc. and Alacer Gold Corp. are pleased to announce today that they have filed a joint management information circular and related meeting materials in connection with their respective special meetings of shareholders to be held on July 10, 2020.
The AGM is scheduled for 11.00am PDT on Wednesday, June 24, 2020. This year, the AGM will be held in a virtual format via live webcast.
“This R&D Agreement matches the exploration technologies of the future with Saxony’s historical mineral wealth,” stated Brendan Cahill, President and CEO of Excellon. “The Silver City Project realized over 750 years of high-grade silver production until the 1870s, yet had never seen modern day exploration for precious metals until 2019.”
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