Our Hermosillo-based exploration team, headed by noted geologist Mel Herdrick, has finalized the planning of a drill program for the Cerro Caliche concessions, including El Colorado, said Kenneth MacLeod, President and CEO of Sonoro. A drill plan has been submitted to the Mexican federal environmental agency, Semarnat, for review and approval and a response is expected shortly.
We are excited to follow up on last years highly successful vein intersection by testing a number of similar high-level veins that we have mapped in, and on the margins of, down-dropped blocks outside of the historic mining corridor, stated Darrell Rader, President and CEO of Minaurum. Well focus on these new veins to determine the footprint of the overall Alamos District, which appears to be much larger than previously thought, and could well hold more veins of the width and grade mined historically. Our approach is to find and prioritize an inventory of veins before drilling them off.
The Company has signed a definitive agreement with Metalla Royalty and Streaming Ltd for the sale of its 2% royalty on the Santa Gertrudis project for cash consideration of US$12 million. The Company has a share option to elect to take US$6M of the purchase price in Metalla common shares at a deemed price of C$0.78 per Metalla common share.
La experiencia de extraer oro sin utilizar sustancias tóxicas como el cianuro puede llegar a revolucionar a la minería del futuro, dejando atrás los viejos sistemas.
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