“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.
Gary Thompson, President, CEO and Chairman of Gold79, stated,”We are pleased that the Taviche silver project has been placed in strong hands with Fortuna as operator. Significant exploration programs are contemplated; and, if successful, we could see our 20% interest purchased with funding from Fortuna. Gold79 continues to focus on its gold projects in the Southwestern USA.”
These alternatives could include, among other things, the sale of part or all of the Company, a sale of some of the assets of the Company, a merger or other business combination with another party, or other strategic transactions. The Company has engaged CIBC World Markets Inc. to assist the Board of Directors in its review of strategic alternatives.
Sean Roosen, Chair and Chief Executive Officer of Osisko Development stated: “We are thrilled to have raised over CDN$200 million since October 2020 to capitalize Osisko Development. The proceeds that we’ve raised, coupled with our equity investments and expected near-term cash flows, forms the foundation of continued development of the Cariboo Gold Project. We thank our partners and the investment community for your support over the past couple of months to put Osisko Development in position to succeed out of the gate.”
Fortune Bay Corp. wishes to announce that it has retained the services of Vancouver-based Mars Investor Relations Inc. a full-service investor relations and consulting services company focused on the junior mining sector.
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