The aggregate proceeds raised under the Offering will be used for exploration expenditures related to the Gold Chain, Arizona project; the Jefferson Canyon, Nevada project; the Tip Top Gold, Nevada project (subject to completion of the proposed Territory Metals Corp. acquisition, see press release dated June 4, 2020); and, for working capital and general corporate purposes.
Silver Tiger CEO, Glenn Jessome states, “El Tigre is a very exciting brownfields exploration story. The project area consists of a district size target with multiple historic surface and underground targets. The historic El Tigre Mine is reported to have produced 67.4 million ounces of silver and 353,000 ounces of gold during the period 1903 to 1938 with reported average production grades of 1,308 grams per tonne silver and 7.54 grams per tonne gold.”
Great Panther President and CEO Rob Henderson commented, “In Brazil, Tucano outperformed this quarter despite the challenges of COVID-19, and in Mexico, Topia and GMC have returned to stable production following the lifting of government mandated restrictions on mining. I would like to thank our teams for delivering these strong results while prioritizing the safety and health of our people and communities and adjusting to these unprecedented times.”
Arturo Bonillas, President and Chief Executive Officer of Magna, stated, “The residual leach operation at the San Francisco Mine continues to perform well and additional production from the processing of low-grade stockpile material is expected to further strengthen our balance sheet as we prepare to commence mining and processing fresh mineralized material next month.”
“We are targeting significant widths of high-grade silver in an epithermal silver district that was mined for over 750 years, but has never seen modern day exploration for precious metals,” stated Ben Pullinger, SVP Geology.
Bradford Cooke, Endeavour CEO, commented, “I am pleased to report that notwithstanding the challenges of the COVID-19 pandemic, Endeavour personnel were pro-active in minimizing its impact on our mining operations in Mexico. We implemented our coronavirus prevention and response plan in mid-March and it has been very effective. I commend our Mexico management and employees for responding positively when called upon by these extraordinary circumstances.”
“This is a very significant milestone for the Project and the culmination of six years of effort which included extensive field work, assessments and consultation with the Indigenous communities, local communities and federal/provincial agencies.”, stated John Begeman, Executive Chairman of Premier.
Torex Gold Resources Inc. announces Q2 2020 gold production of 59,500 ounces. Gold sold during the quarter was 63,140 ounces at an average realized gold price of $1,710 per ounce.
Candente Gold Corp. is pleased to advise that due diligence visits have been conducted at both the San Dieguito de Arriba processing plant and the historic El Dorado Mine both in Nayarit, Mexico.
Detailed mapping and sampling on the La Dura and Virginia areas of the southern Jabali concession is near completion. At La Dura the detailed underground sampling was completed, 91 samples were submitted to BV Laboratory in Hermosillo on July 3rd gold results are expected to take 7-10 days.
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