Importantly, we received the necessary approvals to install a tailings dam and the associated infrastructure required to process our ore on site. We have completed the detailed Costing Study for refurbishing the Plomosas plant which has been idle since prior to our acquisition of the mine and we are now in a position to implement operational strategies.
Greg Crowe, President and CEO, commented: “Silver One will now have a significant position in a potential Mexican growth story, going forward into what appears to be a strong precious metals bull market.”
Net proceeds of the Financing, after paying the general costs of the issue and the cash portion of the Finder’s Fee, will be used as needed for (a) development on the Kaity Property in Chihuahua, Mexico, including costs associated with various permits, metallurgical bench testing of the copper mineralization, and investigation, evaluation, planning and implementation of the Gloria Pilot Mining Project, (b) property option payments in Mexico, (c) reserve for future acquisitions, (d) current accounts payable, (e) general administrative expenses, and (f) working capital.
Candente Gold Corp. is pleased to advise that the Company has signed the Definitive Agreement (signed April 28th, 2020) with Magellan Acquisition Corp. which gives Candente Gold the right to earn up to a 100% interest in the San Dieguito de Arriba beneficiation plant and take over their rights to a lease agreement on the El Dorado Property, both located in Nayarit State, Mexico.
Agregó que “el SPF cuenta con policías altamente capacitados que ahora se incorporarán también al cuidado del sector minero; sabemos que la seguridad de estas instalaciones es delicada y requiere de alta especialización. En coordinación con la Secretaría de Economía y de las cámaras industriales se han creado estrategias especializadas para las regiones mineras”.
Warintza Central continues to demonstrate the potential to become a large, high-grade open pit copper porphyry deposit, which is a rarity in the modern context of the industry.
Ranjeet Sundher, CEO, remarks “Brigadier’s multi-talented team has raised $4.2 million and advanced the Picachos property from acquisition to drilling in a relatively short period of time and we look forward to keeping our shareholders updated as drill assay results are received. We are fortunate that Brigadier’s core leadership now includes Michelle Robinson who together with her team, residing in Sinaloa, are intimately familiar with Picachos, the local community, and how to shape a sustainable and beneficial presence in the region.”
Silver Bull Resources, Inc. is pleased to announce the appointment of Christopher Richards as Chief Financial Officer effective September 28, 2020, replacing Sean Fallis in that role.
“The presence of three styles of mineralization: (1) disseminated or massive sulphide-style mineralization adjacent to (2) the structurally controlled Pb-Zn-Ag-Au hydrothermal breccia and (3) high-grade Au-Ag low sulphidation mineralization, reinforces the potential for large-scale mining at Plomosas, in areas consisting of underground development completed by previous operators.”
Mexus’ ball mill gravity recovery system is nearing completion and is expected to be operational by October 15th. This system will add value to the already existing heap leach gold recovery process. The company will continue to review all options at both the Santa Elena project and the company’s Mabel property.
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