“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.”
“We are pleased to see First Majestic’s effort and commitment to complete the underground development in 2020,” commented Evrim President and CEO, Paddy Nicol. “Evrim holds two royalties (Ermitaño and Cumobabi) in the vicinity of the Santa Elena mine and we see a bright future for the mine and our interests. We are very excited about the prospect of receiving our first ever royalty payments in 2021 upon the commencement of commercial production at Ermitaño.”
Gold Resource Corporation declares its monthly instituted dividend of one-third of a cent per common share for February 2020 payable on March 23, 2020 to shareholders of record as of March 11, 2020.
Santacruz Silver Mining Ltd. reports that further to its press release dated February 13, 2020 it has closed the first tranche of its non-brokered C$3.0 million private placement.
Plata Latina Minerals Corporation is pleased to announce, through its wholly-owned subsidiary Plaminco S.A. de C.V., that Metalúrgica Reyna S.A. de C.V., a wholly owned subsidiary of Fresnillo plc, has formally exercised its option to purchase the Company’s Naranjillo Property in Mexico.
John-Mark Staude, Riverside’s CEO stated, “We believe the spin-out of the Peñoles Project will be very beneficial to shareholders. Among other benefits, it will unlock the value of the Peñoles Project by allowing it to be developed separately, by a skilled and experienced management team, and it will allow our shareholders to own shares in two public companies.”
Aztec Minerals Corp. Board of directors of the Company has approved the repricing of a total of 200,000 stock options of the Company from $0.25 to $0.12 per common share, and a total of 1,950,000 stock options of the Company from $0.35 to $0.105 per common share.
The Company intends to use the net proceeds of the Offering to fund additional exploration on its Los Ricos project, particularly at the Monte del Favor target on the project, and for corporate development and general corporate purposes.
“Since Campo Morado re-started operations on January 26, 2020 the mill operated for 21.5 days to February 22, 2020, averaging approximately 1900 tonnes throughput per day. On eleven days, mill throughput production exceeded 2,000 tons per day, achieving a maximum rate of 2,193 tonnes per day” states Ralph Shearing, CEO.
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