We have now completed 43,640 m (111 holes) as part of our expanded 55,000 m Phase 1 drill program. There are currently four drill rigs operational on site. Additional drill rigs may be added when the Company is confident that the health and safety risks related to COVID-19 can be managed effectively.
With the much improved outlook for silver prices, Xtierra announced on September 24, 2020, that it intends to drill the high-grade silver potential at Bilbao in 2 areas. The company will undertake a small drill campaign of 5 holes for a total of 1500 meters into two previously identified areas of high-grade silver mineralization.
Morgan J. Poliquin, President and CEO of Almaden, stated “The presence of pathfinder elements in these samples is very encouraging as it corroborates our view that the SE Alteration Zone could represent the higher levels of a potential underlying epithermal system. It is quite typical that the higher parts of these systems contain negligible precious metals values. We look forward to continued mapping, and eventually drilling, in this area.”
Osisko Gold Royalties Ltd and Osisko Development Corp. are pleased to announce the successful launch of Osisko Development – a premier gold development company in North America, with the objective of becoming the next mid-tier gold producer. The common shares of Osisko Development will begin trading on the TSX Venture Exchange on or about December 2, 2020 under the symbol “ODV”.
Heliostar’s CEO, Charles Funk, commented “Converting Heliostar’s non-core minority interest in Newman Todd into cash and Trillium shares is consistent with our strategy to focus on our Unga project and our Mexican exploration portfolio.”
Candelaria Mining Corp. is pleased to announce it has sold a 0.5% net smelter return royalty on production from the Pinos Project to Empress Royalty Corp. for US$750,000.
“The Aquita Zarca zone has significant size potential with a 400m strike length with surface mineralization and multiple closely spaced veins. 2020 has been an incredibly successful year and the Company continues to aggressively unlock the potential of Panuco. This is a clear demonstration of the upside that drilling can unlock at the underexplored Panuco district. Vizsla is drilling with five rigs across the district and is funded for an even more aggressive 2021.”
Torex Gold Resources Inc. is pleased to announce the appointment of Andrew Snowden as the Company’s Chief Financial Officer (“CFO”) effective January 4, 2021. Andrew will be replacing Steven Thomas, who will be stepping down from Torex effective December 31, 2020.
Mammoth encourages you to have a look at this report and judge for yourself its integrity and the recommendations therein.
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