Plata Latina Minerals Corporation is pleased to announce, through its wholly-owned subsidiary Plaminco S.A. de C.V., that Metalúrgica Reyna S.A. de C.V., a wholly owned subsidiary of Fresnillo plc, has formally exercised its option to purchase the Company’s Naranjillo Property in Mexico.
John-Mark Staude, Riverside’s CEO stated, “We believe the spin-out of the Peñoles Project will be very beneficial to shareholders. Among other benefits, it will unlock the value of the Peñoles Project by allowing it to be developed separately, by a skilled and experienced management team, and it will allow our shareholders to own shares in two public companies.”
Aztec Minerals Corp. Board of directors of the Company has approved the repricing of a total of 200,000 stock options of the Company from $0.25 to $0.12 per common share, and a total of 1,950,000 stock options of the Company from $0.35 to $0.105 per common share.
The Company intends to use the net proceeds of the Offering to fund additional exploration on its Los Ricos project, particularly at the Monte del Favor target on the project, and for corporate development and general corporate purposes.
“Since Campo Morado re-started operations on January 26, 2020 the mill operated for 21.5 days to February 22, 2020, averaging approximately 1900 tonnes throughput per day. On eleven days, mill throughput production exceeded 2,000 tons per day, achieving a maximum rate of 2,193 tonnes per day” states Ralph Shearing, CEO.
Written by: Bart Forsyth, Oretest Drilling Mexico The Decanter Centrifuge In Oretest Mexico we have added SRU or Decanter Centrifuges to our mud system and
“We are very pleased with this new set of results, which are consistent with our previous sampling and are likely the expression of a large Au-Cu porphyry-skarn mineralized system”, commented Ruben Padilla, Sable’s VP of Exploration.
Radius Gold Inc. is pleased to report that Pan American Silver Corp. has elected to exercise a right to include the 800ha Palmillas Properties within the Amalia Project joint venture. The Palmillas Properties host multiple exploration targets, including high-grade silver-gold mineralization, outcropping 1.8km northwest along strike from the drill defined high-grade zone at San Pedro.
Some of our most important investors have been requesting information on this specific which we intend to address professionally. It is very important to mention that to convince a Professional Geologist to write a NI 43-101 Report the company must have a Property of Merit.
“Today’s exploration results bring us another step closer to ensuring a longer mine life for Santa Elena,” stated Keith Neumeyer, President and CEO of First Majestic. “Not only has this program increased our confidence in the resource but we also encountered significant intercepts of high-grade gold which we expect will improve the overall grade of the resource. Next month we plan to announce an updated resource estimate for the Ermitaño project which will include these high-grade drill results.”
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