Fortuna Silver Mines Inc. is pleased to report the first gold pour from its Lindero Mine located in the Province of Salta in Argentina. The pour took place today, on Tuesday, October 20, 2020, and produced 728 ounces of gold.
The earthquake was felt at site, but no injuries or damage was noted, and exploration activities have resumed today.
Alamos may acquire a 70% interest from Aloro by incurring an aggregate of USD$5,000,000 in exploration expenditures and making certain cash payments over the course of three years in two mining concessions (title numbers 244241 and 246230), commonly known as the Los Venados Project located in the Municipality Sahuaripa, in the State of Sonora, Mexico.
The Company intends to use the net proceeds from the Financing for the exploration and advancement of the Company’s principal assets in Guatemala and for general corporate purposes.
Morgan Good, Chief Executive Officer of Carlyle, commented, “Carlyle is excited to have completed the initial core drilling program with HDI affiliate UMS at the Mack copper-molybdenum-tungsten-gold target near Dease Lake, B.C.”
Luis Marchese, CEO of Sierra Metals commented: “I am very encouraged by the results of this PEA which support the Company’s organic growth strategy and plan to profitably develop and grow the Bolivar Mine production rate to 10,000 TPD in 2024 from today’s capacity of 5,000 TPD, based on current analyst consensus metal price estimates.”
“The ability to have all our tenements, agreements and permits centralized and standardized in one platform enables us to efficiently manage our commitments, and bring out insights that facilitate fast decision making”, commented Sarah Wang, Manager of Exploration Information Management at Cameco.
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