“We are pleased to be ramping up operations at our four sites previously placed in care and maintenance and we remain committed to protecting our workforce and neighboring communities,” said Tom Palmer, President and Chief Executive Officer.
Kootenay President and CEO, James McDonald stated: “We are very encouraged that the F Vein is showing continuity in both veining and grades and we are really looking forward to getting back on the ground and drilling more holes. Mine sites have been given the go ahead by the Federal Government of Mexico to restart operations and once it is confirmed exploration activities are included, we will be able to resume drilling.”
“We are very pleased with the extension of the option agreement on the San Acacio project and want to thank our property vendor for their continued support of Defiance Silver. This additional financial flexibility will enable us to continue our ongoing exploration efforts, which are focused on the compilation and reinterpretation of all previous work done at San Acacio. This work will allow us to better understand the mineral system and create better structural controls for future drill target definition and delineation,” stated Chris Wright, Executive Chairman & CEO.
Magna Gold Corp. is pleased to announce a non-brokered private placement of up to 17,075,000 common shares in the capital of the Company at a price of $0.41 per Offered Share for aggregate gross proceeds of up to $7,000,750. The Private Placement includes lead investments by Eric Sprott and two mining industry participants.
“Every day Mexus is experiencing firsts relating to production. From the amount of material being mined, crushed, and placed on the heap leach pad to the end production of gold. This will be our best month of gold production and is a testament to the perseverance and commitment of all involved with the company. The Santa Elena mine is a historical mine site and encompasses over 6500 acres. I’m excited to see the production of gold increase as we build out and tap into this outstanding property. My goal has always been to make Mexus into a major mining company.” added Mexus CEO, Paul Thompson.
Production was 29,200 gold ounces and 553,200 silver ounces, or 35,100 gold equivalent ounces.
“Ante la emergencia sanitaria que vive México como consecuencia de la pandemia de Covid–19, Minera Gorrión (MG), subsidiaria mexicana de Almaden Minerals a cargo del desarrollo del proyecto de mina Ixtaca, entregó insumos de higiene y prevención al gobierno estatal, a las instancias de salud y a la población de Ixtacamaxtitlán. En total, se distribuyeron 4 mil botellas de alcohol en gel y 10 mil cubrebocas de triple capa.
“On behalf of our Board, I would like to thank shareholders for their participation in the Rights Issue. The offer was strongly subscribed for both entitlement and additional shares. We look forward to completing this transformative transaction with Sun Minerals to acquire rights to earn in to the exciting Copalquin Project in Mexico”.
Operations will be allowed to re-open from 1 June 2020, with the period from 18 May to 31 May to be used to implement changes to protocols and procedures to ensure workplace safety. The resumption of activities is conditional upon approval by the Ministry of Health of each company’s new safety measures and may be subject to further Government orders as the COVID-19 pandemic develops.
Mexican miner Industrias Peñoles said on Saturday that it will suspend operations of a zinc mine in central Mexico indefinitely due to difficult mining conditions and low metal prices.
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