Pan American Silver Corp. will hold its Annual General and Special Meeting of Shareholders on Wednesday, May 6, 2020 at 3:00 pm (PT), as provided in Pan American’s 2020 management information circular.
Argonaut Gold Inc. announces that the Mexican federal government has extended the closure of all non-essential businesses until May 30, 2020 with the exception of businesses operating in municipalities with low or no cases of COVID-19 transmission, which may re-open on May 18, 2020. Therefore, Argonaut is preparing to re-open full operations on May 18, 2020.
The Company also announces a non-brokered private placement up to 20,000,000 units at a price of $0.05 per Unit for gross proceeds of up to $1,000,000.
“The world was a very different place when we announced our proposed acquisition of Otis Gold two months ago, intending to increase our precious metals exposure from 50% to over 90%,” stated Brendan Cahill, President and CEO of Excellon.
GR Silver Mining President and CEO, Marcio Fonseca, commented, “The first batch of drill hole results from the Plomosas Mine Area provides support for the significant potential of this area for discoveries of new mineralization and the delineation of additional resources in the future. The results not only confirm the continuity of the polymetallic wide breccia system down-dip from the historical underground mine, but also present discoveries of parallel Au-Ag mineralized veins and breccias. These features are being incorporated into a 3D geological model for the first time. The results indicate potential for bulk tonnage polymetallic mineralization (Zn-Pb with attractive Ag- Au grades) in un-mined zones near existing underground development, as well as new opportunities for future expansion.”
“These drill results, as well as the set released in January, are amongst the best ever drilled at Cozamin. Despite the temporary ramp down of operations at Cozamin, due to COVID-19 restrictions in Mexico, we are well ahead of schedule and still expect to deliver an updated Mineral Resource and Mineral Reserve estimate and Technical Report by the end of this year,” said Brad Mercer, SVP Exploration and Operations.
“South Arturo had a strong quarter, well in excess of expectations”, stated Ewan Downie, Chief Executive Officer of Premier. “Having more than one mining operation has so far allowed us to continue to operate with reasonable success during the Covid-19 pandemic that has impacted mining activities worldwide, including the Company’s Mercedes mine in Mexico”.
Consolidated Zinc Limited advises shareholders that it intends to undertake a new fully underwritten Entitlement Issue on the basis of one (1) New Share for every three (3) shares held by eligible shareholders on the record date at a new issue price of $0.003 per New Share to raise up to approximately $1.7 million.
Significantly, the drilling to date continues to demonstrate that thicker units of high-grade mineralisation occur within the current resource model at Level 7 which is the deepest of the main ore workings developed at Plomosas at approximately 240m below surface.
Consolidated Zinc Limited advises that due to the COVID-19 pandemic, the Mexican Government has instructed all non-essential services to suspend operations until 30 April 2020. After that businesses will be allowed to restart on varying dates from 1 May to 31 May 2020, based on the pandemic status in their location.
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