This is the first step far from finalizing a Bankable Feasibility Study but a great beginning for a company like ours. We invite you to participate and invest in order to develop this asset.
“With our new management team in place, our much improved financial condition, and the prospectivity of the Las Minas project, the Company is now positioned and singularly focused on creating shareholder value through the drill-bit,” stated Philip O’Neill, CEO, President, and Director of Mexican Gold. “We would like to thank all of our shareholders for their support and loyalty over the last several months and we look forward to delivering exploration results at Las Minas in the near future.”
“Our sampling continues to demonstrate consistent high copper and silver grades on surface over a multi- kilometre area ” stated Michael McPhie, President and CEO of Prize Mining. “These results are a follow up to our successful Phase 1 diamond drilling program completed earlier this year. Results of the current work have been as expected and continue to confirm the district-scale potential of the Manto Negro Project. The information gathered is to be used to define targets for a pending Phase 2 drilling program.”
Stated Craig Roberts, P.Eng., President & CEO of Ethos: “Based on these results Ethos intends to terminate both of its La Purisima concession option agreements. The strategy Ethos is pursuing is to drill test its targets as quickly and inexpensively as possible, and to terminate further work if results do not indicate a clear path to building shareholder value. While there are some interesting intervals from the drilling we don’t see justification to continue with this project. The La Purisima drilling costs came in significantly under budget at approximately US $154,000 of which approximately US $21,000 is IVA tax that is refundable, so the cost to Ethos of drill testing this target has been relatively modest.”
John M Darch, Chairman of Sonoro, commented, “In our meetings, these companies very graciously detailed their advanced technical capabilities regarding engineering and mine design, equipment manufacturing and finally, installation and commissioning. I found it extremely encouraging that some of the examples they used, were mines that processed mineralization with gold grades similar to those at our Cerro Caliche property.”
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