The new technical report entitled “NI 43-101 Mineral Resource Update Technical Report on the Guanajuato Mine Complex, Guanajuato and San Ignacio Operations, Guanajuato State, Mexico” supports the Company’s updated Mineral Resource estimate for the GMC announced by news release on November 23, 2020.
Mr Gastélum joins Fresnillo following the retirement of David Giles.
The net proceeds from the Private Placement will be used to fund exploration activities, technical studies, community social relations programs and permitting at the Company’s projects and for general and working capital purposes.
The Report dated November 13, 2020, with an effective date of August 31, 2020, is entitled “Independent Technical Report for the Cusi Mine, Chihuahua State, Mexico.”
Golden Minerals President and Chief Executive Officer, Warren Rehn, commented today on the progress at Rodeo, “Thanks to the efficiency of our team in Mexico and the experienced and capable contract mining group, we have started mining at Rodeo about two weeks ahead of schedule. The installation of the second ball mill at our processing plant is also ahead of schedule. We expect to fulfill our plan to be producing gold and silver doré bars for sale in January 2021.“
“We are very pleased to have the requisite funds in the Company account to initiate focused geology and geophysical surveys leading to a Phase 1 drilling program of Melchett Lake, reported Dr. Brian Penney, Chairman and CEO of Silver Spruce.
“The ability to efficiently execute our first drill program at Pilar is an important milestone for Tocvan.” commented President and CEO Derek Wood. “As we await drill results, planning has begun for the next phase of exploration. 2021 will be an important year for the Corporation as we look forward to the continued advancement of Pilar.”
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The promotion and dissemination as essential elements to understand and disseminate our Mineral resources, that is why today it is pleased to make the document “Mining Panorama” available to society, by state.
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