VVC closed subscriptions for Tranche 1 of a non-brokered Private Placement financing, previously announced on February 5, 2020. To-date, VVC raised CA$951,560 (about US$722,000) and will issue to the placees an aggregate of 19,031,200 Units at a price of CA$0.05 per Unit.
Vizsla Resources Corp. reports that, in light of increasing global responses to the COVID-19 virus outbreak, the Company has executed an internal plan to ensure employee and stakeholder health and safety as well as minimized disruption to exploration operations.
At the new project, named Plata Verde, Radius geologists have re-discovered an undocumented large scale underground bulk mining operation where in the late 1800’s, historic miners hand excavated an extensive series of anastomosing caverns, producing silver bars at an associated smelter operation. The project appears to be un-explored since the miners ceased their operations, and no references have been found within the Mexican Geological Survey. The few local residents have no knowledge of exploration companies working in the area and there are no indications of prior exploration within the mines or surrounding outcrops. Initial prospecting rock chips by Radius geologists have returned silver grades between 5 and 1070 g/t Ag.
Pan American Silver Corp. today announced that it is temporarily suspending its operations in Argentina, including the Manantial Espejo mine, in order to comply with a mandatory national quarantine. The government of Argentina imposed the quarantine in response to COVID-19 and stated that it will be in effect until March 31, 2020. Pan American is also suspending supply deliveries and personnel transport at its San Vicente operations in Bolivia to comply with a mandatory national quarantine that is stated to be in effect until March 31, 2020.
Freeport-McMoRan Inc. announced today that in response to the COVID-19 pandemic and resulting global economic uncertainties, its Board of Directors will suspend the quarterly cash dividend of $0.05 per share previously planned for May 1, 2020.
Bacanora Lithium plc, a lithium exploration and development company, provides an update on activities at its Sonora Lithium Project in Mexico following the outbreak of Covid-19. Bacanora’s first priority is the health and well-being of its staff, partners and its local communities and has taken all appropriate measures to protect them in accordance with the relevant governmental and regional requirements.
Orla Mining Ltd. is pleased to announce that the Company has entered into a non-binding letter agreement with Fresnillo Plc as to the commercial terms on which Orla would obtain the right to expand the Camino Rojo oxide pit onto part of Fresnillo’s mineral concession located immediately to the north of Orla’s property under a definitive layback agreement
In response to yesterday’s declaration of a state of emergency by the Nova Scotia provincial government, the in-person meeting which was scheduled to be held at Hotel Halifax is replaced by teleconference.
“The discovery of strong copper mineralisation hosted by iron-rich breccia at Gregors is very promising, as there is a history of discovering and exploiting high-grade, copper-rich breccia pipes in the surrounding Cananea mining district, particularly at the nearby Cananea Copper Mine located 10km to the northwest. I’m looking forward to completing our interpretation of the results and recommencing drilling as soon as practicable.”
“Our business continuity plans and rapid response teams have been fully mobilized in response to the COVID-19 global pandemic,” said Tom Palmer, President and Chief Executive Officer.
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
