The gross proceeds from the issue and sale of the Flow-Through Shares will be used by the Company to incur eligible “Canadian exploration expenses” that will qualify as “flow-through mining expenditures” as such terms are defined in the Income Tax Act (Canada) related to the Company’s projects in Ontario on or before December 31, 2021.
“Our latest results continue to manifest significant silver over-assay percentages with magnetite association, but now also have elevated gold and copper detections. This is consistent with the IOCG deposit model originally postulated for San Javier by Dr. Hitzman in 2006. We provide a link to Dr. Hitzman’s full report on our website and are now refining our exploration focus to target this deposit type on Company claims.”
“Parral continues to perform extremely well for us, with record production in both the quarter and the year. We produced 2.3 million silver equivalent ounces in our fiscal year ending in September, which is an increase of 29% compared to the prior year.”
Luis Marchese, CEO of Sierra Metals commented: As we continue to ramp up operations, we have been able to reinitiate on the backlog of exploration and infrastructure projects at the mines. This will help us to improve mine operations and operating efficiencies while continuing to discover and develop mineral resources. We are also proceeding with expansion studies at all mines based on the current large mineral resource levels and probable future discoveries of additional mineral resources at all mines.”
“Consolidated production in the third quarter met the high-end of expectations”, stated Ewan Downie, Chief Executive Officer of Premier, “The modified mine plan at Mercedes, designed to increase mining efficiency and expand operating margins, has resulted in significantly enhanced cash flow.”
Fortuna Silver Mines Inc. reports production results for the third quarter of 2020 from its two operating mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru.
The 1750-hectare Property hosts 3 past producing silver-gold deposits, El Moro, La Virginia and La Zorra (MVZ Property). The Property is situated within Grupo Minero Diflor’s Pajarito Project which covers a 10 X 25 km, fault-bounded exposure of older sediments and intrusives surrounded by voluminous younger post-mineral rhyolites.
At the request of IIROC, Monarca Minerals, Inc. wishes to confirm that the Company’s management is unaware of any material change in the Company’s operations that would account for the recent increase in market activity.
VanGold Mining would like to acknowledge and congratulate Country Manager Gerardo Dorado Cantu for having been appointed President of the Guanajuato chapter of The College of Mining Engineers, Metallurgists and Geologists of Mexico (El Colegio de Ingenieros de Minas, Metalurgistas y Geólogos de México A.C.), or CIMMGM. The association is over 70 years old with over 100 active members.
“During the quarter, higher production rates along with improved metal prices and the recent investment by Eric Sprott resulted in significant growth of our treasury to $232 million at quarter end,” said Keith Neumeyer, President and CEO.
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