The Company will use the net proceeds from the Offering for working capital in relation to the start-up of the Lindero project and for general working capital purposes.
We are very grateful to the constructive feedback we have received from local stakeholders, independent consultants and engineers, civil society organisations and individuals further afield that have improved the Ixtaca project over the past number of years. Our stakeholder engagement has focussed not only on supporters but has opened its doors to those known to have concerns. Our monthly technical sessions are open to all, have provided a safe environment for discussion and have made available experts in all aspects of the mining process. Our sponsorship of trips to operating mines elsewhere in Mexico have provided nearly 500 local stakeholders first-hand experience of the realities of mining.
Discovery acquired the Cordero project through its acquisition of all of the issued and outstanding shares of Levon Resources Ltd. (“Levon”) (see Discovery news release of August 2, 2019). The mineral resource estimate and Preliminary Economic Analysis (“PEA”) supporting the disclosure in the news release were completed by Levon, now a wholly-owned subsidiary of Discovery.
Vancouver, BC – September 10, 2019 – Comstock Metals Ltd. (TSX-V: CSL) (“CSL” or the “Company”) announced today that Mr. Rasool Mohammad has resigned as a
“We are pleased to have filed the maiden NI 43-101 technical report for the advanced Cocula gold project. This marks another step completed in our due diligence program, which is progressing and generating new data,” stated Karl Boltz, CEO of Silver Spruce. “The occurrence of widespread gold mineralization at surface, including grades up to 16.65 grams per tonne (g/t) gold assayed from rock chip sampling, indicate robust gold mineralization along with significant presence of lead, zinc, silver and copper.”
“We are pleased to identify a new, large, and exciting resistivity anomaly at Cinco Senores,” stated Philip O’Neill, CEO and Director of Mexican Gold. “With our strong and improved financial position, we look forward to drilling the highly-prospective Cinco Senores target in the very near future.”
Taj Singh, President and CEO, states: “In just a few short weeks we have made great strides at Cordero. We have integrated our teams, progressed well through our review of historic drilling, planned our first holes, and accelerated the start-up of our drill campaign. We are very excited to be aggressively exploring one of the world’s largest silver projects against a backdrop of rising silver prices and we are confident that our high-grade and high-margin approach at Cordero will add significant value.”
“While exploration is giving me a big smile, and production at our operations in Argentina and Mexico (representing 60% of our guidance) are delivering as planned, production at Gold Bar and Black Fox has been a big disappointment. Unanticipated natural and operational issues coupled with startup delays at Gold Bar have pushed some of its production from 2019 into 2020. At Black Fox, production has been adversely impacted by slower than planned underground development. However, site management has been making steady progress towards resolving these production issues,” said Rob McEwen, Chairman and Chief Owner.
La empresa minera Autlán decidió cancelar este miércoles la compra de minas de oro de la empresa Golden Minerals Company. En un comunicado enviado a la Bolsa Mexicana de Valores (BMV),
Commenting on the strong potential of the Alacrán Project, Azure’s Managing Director, Mr. Tony Rovira, said: “Azure’s exploration team has a good track record for making significant silver and gold discoveries on the Alacrán project, with the Mesa de Plata and Loma Bonita deposits together containing resources of more than 32 million ounces of silver and 150,000 ounces of gold.”
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