“Production at Parral has increased for 5 consecutive quarters, and we are now at a production level we aim to maintain for the rest of the year. Our production rate this quarter is 80% higher than where we were at this quarter last year.” said Brad Langille, President and CEO.
Radius Gold Inc. is pleased to report that the phase three diamond drill program at its Amalia Gold-Silver Project in Chihuahua, Mexico has been completed. The high-grade mineralized shoot discovered at Amalia in December 2018 has been extended at depth and remains open to expansion. Defining its extents and new high-grade shoots will be the goal of phase four drilling.
Silver One Resources Inc. is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement by issuing 11,300,000 units at a price of $0.25 per Unit for gross proceeds of $2,825,000. Further, Eric Sprott, through 2176423 Ontario Ltd., a company which is beneficially owned by Sprott, subscribed for $1,000,000 of the Financing. As a result, Sprott continues to be the largest shareholder of Silver One and holds 12.4% of the issued and outstanding shares of Silver One.
Fred Stanford, President and CEO of Torex Gold, stated: “The purpose of the planned 175 hole infill drill program was to upgrade approximately 13 million tonnes (25%) of the Inferred resource to the Indicated resource category. The program was successful, 166 holes were drilled, 12.6 million tonnes were upgraded, and there was a modest increase in gold equivalent grade.”
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “Each time we do more work at Tabasquena, it gives us added confidence that we are looking at a very large sulphide system with associated widespread quartz veining throughout the entire system, including adularia, crustiform and colloform quartz, as well as some veinlets of quartz-adularia crystals. We are expecting a strong flow of news, with assays from the 78-metre sulphide zone expected shortly, a current hole being drilled, a second drill rig planned to arrive shortly, and a third phase geophysical survey underway.”
“The planned sale of the Silver District will allow us to focus on our near-term production opportunities in Mexico with our primary emphasis on obtaining financing for our Santa Maria mine project,” said David Drips, President & CEO of Magellan.
“We ended 2019 on a stronger note at Tucano, exceeding the high end of our most recent guidance range for the fourth quarter,” stated Jeffrey Mason, Interim President & CEO. “Reflecting on 2019 as a whole, the acquisition of Tucano has transformed Great Panther, nearly tripling our gold equivalent production. As we begin 2020, we look forward to another year of production growth while continuing to execute on key operational initiatives in Brazil and Mexico, including expanded exploration programs. Together with our recent key management additions and $21 million in non-equity funding, we are well positioned to execute on our 2020 plans.”
“We continue to meet important milestones at the San Martin mine and especially with the acquisition of these additional claims. The latter will bring exciting new exploration targets and test theories about the extending mineralization” said Salvador Garcia, Chief Operating Officer of the Company. “Our next milestone is to release an exploration plan in the first part of this year”.
Minera Alamos Inc. is pleased to announce it has closed the private placement announced on December 6th, 2019 consisting of 30,000,000 common shares of the Company at a price of $0.20 per Common Share for aggregate gross proceeds of $6,000,000 with Osisko Gold Royalties Ltd.. As a result of the Offering, Osisko has increased its shareholdings of the Company’s Common Shares from 12.3% to 18.7%.
Silver Viper’s President and CEO Steve Cope states, “The initial Phase II results from El Rubi further reinforce our expectations of El Rubi’s importance to this project. In addition to multiple, narrow high-grade structures, we are also encountering new mineralization in the footwall. Our field crews are also working to advance our knowledge and understanding of structures highlighted by our reconnaissance surface sampling programs and plan to begin testing some of those targets shortly.”
Check the Mining State Panoramas
The promotion and dissemination as essential elements to understand and disseminate our Mineral resources, that is why today it is pleased to make the document “Mining Panorama” available to society, by state.
GeoInfoMex, is the consultation system of the Mexican Geological Service that allows users to know geoscientific information and make decisions with savings in time and resources, helping to promote mining activity.
The DOF is the organ of the Constitutional Government of the United Mexican States, which has the function of publishing in the national territory, to so that they are properly observed and applied in their respective areas of competence.
Learn about the current situation of the mining industry as well as the activities carried out by Camimex.
Mexico Mining Center © 2021 / All Rights Reserved
