On January 11th, 2021 Canuc announced the results of a drone-supported magnetic survey conducted over the Company’s claims. The magnetic survey has identified 3 large magnetic anomalies each of which is 600 meters in width and with lengths ranging from 600 meters up to 1,000 meters.
“After a short and well-earned break, the exploration team in Mexico has re-mobilised back to Copalquin, resuming exploration work in the district. Exploration activity is initially centred at the Cometa Project area with deeper drilling on the eastern side the large epithermal system discovery at El Refugio plus the expansive soil and mapping program at El Refugio west.”
“The updated Feasibility Study for the Camino Rojo Oxide Project demonstrates an increase in recovered gold, mine life, and cash flows,” stated Jason Simpson, President and Chief Executive Officer of Orla. “An already excellent project has been improved due to the hard work of the entire Orla team and I thank them for their efforts.”
“Management is delighted to see steady improvements with Campo Morado operations as a result of the dedication and hard work of all management and personnel at the mine site”, states Ralph Shearing, President & CEO, “Operations have achieved significant increases in throughput and concentrate production in an environment of increasing metal prices which is positively affecting revenues. Telson is looking forward to an excellent year ahead during 2021 from its Campo Morado mining operations.”
“Equinox Gold had another year of tremendous growth in 2020. We started the year with two producing gold mines and ended the year with seven producing mines, construction underway at an eighth site, and the announcement of our acquisition of Premier Gold Mines.”
“I am pleased to announce that Relief Canyon has achieved commercial production following a challenging 2020,” stated Americas Gold and Silver President & CEO Darren Blasutti.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “Hole AGT-23 is now underway, it has been designed to go underneath the hole where we hit high-grade gold and cut across from west to east the entire corridor of epithermal veins. Initially, it will cut across a key fault which we believe could be the conduit that is the source of the gold and silver mineralization in the corridor of veins.”
Capitan’s CEO, Alberto Orozco, stated: “The current drill program has continued to confirm our thesis that there is excellent potential to expand the size of the known resource at Capitan Hill. Results from the ongoing program continue to show wide intercepts of mineralization coincident with deep zones of oxidation, both down-dip of known gold zones, and also within areas of sparse, historic drilling along strike. We are excited to see that gold and silver mineralization continues to expand and remains open in all directions. This is indicative of how premature the maiden resource was for this project.”
Prime Mining Corp. has made payment of $1.1 million to Vista Gold Corp. as per the terms of the acquisition of the Los Reyes Gold-Silver Project, located in the State of Sinaloa, Mexico.
As announced on June 15, 2020 (see news release), Prime Mining is required to pay Vista $2.1 million in lieu of being granted certain royalties and back-in rights relating to the Guadalupe de los Reyes gold / silver project in Mexico. The remaining $1.0 million payment is due no later than July 2021. If Prime Mining fails to make the remaining payment, Vista will have the right to reinstate its royalties and back-in rights.
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