“To date, the drilling at the first project area in the district has successfully intercepted high-grade veins and given valuable data for three different vein groups at the Cometa Project.”
Melior Resources Inc. announces that it has entered into a non-binding letter of intent dated October 31, 2020 with Ranchero Gold Corp. with respect to a proposed transaction whereby Melior will acquire all of the issued and outstanding common shares in the capital of Ranchero. Ranchero holds an indirect 99.9% interest in a 22,367-hectare gold exploration property located in the Sierra Madre Occidental gold-belt in eastern Sonora, Mexico, known as the Santa Daniela property.
Brigadier Gold Limited is pleased to announce that the first five diamond core drill holes of a 5000 metre, 40-hole program at its Picachos Property have intersected the San Agustín vein up to 180 metres below surface.
Solaris Resources Inc. is pleased to announce the appointment of Mr. Chad Wolahan as Vice President, Projects. Mr. Wolahan will lead the technical studies required to deliver an industry-leading engineering and economic assessment for the Warintza Project in south-eastern Ecuador.
Dr. Eyre is a mining finance professional with extensive experience in global resource capital markets and mining operations.
Gatos Silver, Inc. is pleased to provide the following information after the completion of its initial public offering and commencement of trading of its common stock on the New York Stock Exchange and the Toronto Stock Exchange under the ticker symbol “GATO.”
“Mining, development and processing activities at San Francisco are progressing well and initial mine performance has exceeded expectations. With pre-stripping activities in full progress, we are poised for an exciting and profitable 2021 as the mine ramps up to full-scale operations.”
“The Yauricocha Mine had a strong third quarter and we continued to recover annual production tonnage lost due to the COVID-19 pandemic. The robust production in the third quarter coupled with improved metal prices resulted in significant improvements to EBITDA, cashflow and net income. Yauricocha’s performance in 2020 continues to excel for the Company and its shareholders.”
The funds will be used towards the development of the Camino Rojo Oxide Gold Project located in Zacatecas State, Mexico.
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