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.
The proceeds of the Placement will be used to fund expanded drill programs on the Company’s silver-gold exploration projects in Mexico.
Peal Mexico S.A de C.V. announces that on June 30, 2020 it acquired 11,000,000 common shares of Magna Gold Corp. under the terms of a settlement agreement between Peal and a subsidiary of Magna entered into to settle an existing arbitration proceeding between the parties in relation to Magna’s San Francisco gold mine located in Sonora, Mexico.
As anticipated by the Company, the Pandemic did not have a material impact on Aranzazu’s operational performance in the second quarter, which the Company attributes to having accumulated inventory at the site and operational efficiency.
Golden Minerals Company announced today that it has signed a letter of intent with Fabled Copper Corp. for a transaction that, if executed, would grant Fabled the option to acquire a 100% interest in Golden’s Santa Maria silver-gold project located in Chihuahua State, Mexico.
Avino Silver & Gold Mines Ltd. reports that production of 158,286 silver equivalent ounces*, 50,581 silver ounces, 459,767 copper lbs, and 404 gold ounces was achieved in the second quarter 2020 from its Avino Mine property near Durango, Mexico.
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