In Mexico, we have recently announced the Feasibility Study for the Fenix gold-silver project, which at $1,800/oz gold and $25/oz silver generates a 51% After-Tax IRR, $90.8 million NPV@8% and a 2.9 years payback, with average annual production of 26,000 oz gold in Phase 1 and 4,200,000 oz silver equivalent in Phase 2.
First Majestic declined to comment on the size of the government’s claim, saying the company would not “be drawn into a debate” in public on matters it argues should be private.
Dan O’Flaherty, CEO of Maverix, commented “Maverix had another successful year capped off by the acquisition of a portfolio of 10 gold royalties from Newmont in the fourth quarter. The portfolio has already delivered increased value through the positive updates at the Camino Rojo and Cerro Blanco gold projects.”
“Our priority during 2020 was to ensure the health and safety of our employees and stakeholders during the unprecedented COVID-19 pandemic,” commented Carlos Silva, CEO. “Despite country wide closures early in the year, we achieved a safe return to full production by June 2020 and reached record levels by year end, which is a significant accomplishment for our team on the ground. Additionally, production from Veta Grande has been completely replaced by production from the Zimapan Mine.”
New Infini has assembled a team in Mexico to apply for drilling permits and to initiate a Phase I 10,000 m drilling program, which is expected to start in Q2 2021, once permits are received.
The decision by the technical team to continue drilling 50 meters past the targeted Sooy Vein has been rewarded by the discovery of a wide zone of high grade mineralization totally unlike the quartz vein ore previously mined at El Tigre” said Glenn Jessome, President and CEO of Silver Tiger. “We are of the view that we have discovered what may be a significant new style of wide high grade mineralization to target with our exploration, that was in the past overlooked.”
Silver Dollar Resources Inc. is pleased to provide an overview of the results from the compilation and reinterpretation of all historical exploration data on the La Joya Silver property located in Durango, Mexico.
The Company is also pleased to announce that it has hired Mine Development Associates, a division of RESPEC, out of Reno, Nevada, to prepare an updated mineral resource estimate for its wholly owned Gavilanes silver property located in Durango, Mexico.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “In the northern domain of our 3500m continuous high chargeability anomaly we have now hit 3 zones with elevated sulphides and grades of zinc and lead. It is worth noting that these 3 zones are below the detection level of the IP survey. Our next step will be to do additional geophysics with better resolution and deeper penetration to help in the exploration for the heat source of the sulphide system.”
Taj Singh, President and CEO, states: “We have now expanded the higher-grade bulk-tonnage domain by 300 m northeast along strike in the South Corridor. This area of the deposit had seen only limited drilling historically. Our recent drilling, including highlight intercepts in this release of 132 m at 118 g/t AgEq and 126 m at 103 g/t AgEq, has consistently delivered broad zones of near-surface mineralization. These results are a positive surprise and emphasize the sheer scale of the higher-grade mineralizing system at Cordero and show the opportunities that lie ahead for the Project in this rising silver price environment.”
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