The Company is also pleased to announce that the Board has confirmed the appointment of Mr. Ian Graham as President of the Company effective March 1, 2020, and has also appointed Mr. Graham as a director of the Company, effective immediately.
Golden Minerals Company has today announced financial results and a business summary for the full year ending December 31, 2019.
Colibri Resource Corporation is pleased to announce that Major Drilling has starting drilling the maiden drill program at Colibri’s Evelyn Gold Project located 60 km NW of Caborca Mexico.
David Wolfin, President and CEO commented, “We can describe 2019 as a transitional year for Avino. The transition began with the winding down and ultimately the stoppage of mining at San Gonzalo during the fourth quarter of 2019. The San Gonzalo mine, which began commercial production in 2012, outperformed its 5-year mine life by exceeding that timeline by two years and produced 6 million silver equivalent ounces at an average cash cost under $10 per silver equivalent ounce.”
Silver Viper’s President and CEO Steve Cope states, “The intercepts from El Rubi continue to show a highly encouraging trend of stronger mineralized widths and grades as we progress northward and to depth. We are excited about the commencement of a second drill on the property which will be positioned to evaluate additional prospect areas along the trend and adjacent to El Rubi.”
Sonoro Metals Corp. announces the completion of a comprehensive technical assessment on the 17 zones of gold mineralization identified to date at its Cerro Caliche project in Sonora, Mexico. The purpose of the assessment was to evaluate the potential for a material increase in the current 201,000 oz AuEq resource as well as the potential to delineate further resources throughout the mineralized zones. A program combining reverse circulation and core drilling for up to 50,000 meters of drilling will be carried out in several phases.
“We would like to thank our shareholders for supporting the finance and royalty agreements with Osisko that provide the Company with all the capital necessary to advance the Santana gold project through to its first anticipated production. As Minera graduates from gold developer to gold producer in 2020 we are grateful for the ongoing support of Osisko and all our shareholders.” Stated Doug Ramshaw, President, Minera Alamos Inc.
Prime Mining’s COO Greg Liller notes, “These new sample results continue to make a positive impact on the overall resource model so we are adding a few more weeks to the scheduled release date of the resource report to allow time for making the model adjustments and include this new data.”
“We are drilling these short holes in order to obtain assay information on the upper 100m portion of the Los Ricos vein that forms the face of the el Abra hill. This part of the deposit has not been drilled in the past and is essential to complete these drill holes for estimating the resource,” said Brad Langille, President and CEO.
Fred Davidson, CEO, stated, “Our Royal Mines of Zacualpan property covers a large mineral district with over 5,400 prospects and 88,000 rock and drill core samples all catalogued in our database, many of which we have yet to explore.”
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