Sonoro Metals Corp. announces that discussions regarding project debt finance and engineering, procurement and construction (“EPC”) contracts with China-based EPC companies continue to advance.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “The third phase of geophysics has extended the length of the continuous chargeability anomaly and has given us better depth resolution. At the southern end of the survey area the chargeability anomaly appears to come much closer to surface and increases in magnitude. With this in mind, we will now be using the second rig on the property to drill this new southern target.”
First Majestic Silver Corp. is pleased to announce the appointment of Mr. Steve Holmes to the role of Chief Operating Officer. Mr. Holmes is a mining engineer with over 35 years of experience and will be responsible for overseeing all operational functions at the Company’s Mexican portfolio of silver mines and projects.
Argonaut Gold Inc. confirms the filing of the Technical Report for the Pre-Feasibility Study in relation to its Cerro del Gallo project in Guanajuato, Mexico, pursuant to National Instrument 43-101 of the Canadian Securities Administrators.
CEO John Lawrence said “The beginning of gold and silver production for USAC is excellent at a time when most non-ferrous metal prices are challenged. The cash flow from the precious metals will supplement the BRZ zeolite and antimony production.”
Americas Gold and Silver Corporation, a growing North American precious metals producer, announced that a group of individuals has illegally blockaded access to facilities at the Cosalá Operations. The faction includes a small minority of the Company’s unionized workers.
MLAZ will seek orders from the Court for Ganti to cease their intimidation and excessive actions, and to pursue a negotiated settlement. The application to the Court will be made on Tuesday 4 February (Monday is a public holiday in Mexico). CZL’s directors remain confident that the Federal Court of Chihuahua will uphold MLAZ’s contractual and other legal rights.
9,062 tonnes ore mined during the quarter grading 16.1% zinc and 8.4% lead, up from the September quarter demonstrating better than historical grades mined at Plomosas.
Millrock Resources Inc. announces that it plans to raise gross proceeds of $1,000,000 through a non-brokered private placement of 8,333,333 units at a price of $0.12 per Unit.
Bradford Cooke, Endeavour CEO, commented, “We are forecasting better performance from our operating mines in 2020, with a slight decrease in consolidated production due to the suspension of mining at El Cubo complimented by lower operating costs at Guanacevi, Bolanitos and El Compas, which should decline through the year as productivity improves.”
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