Chesapeake plans to drill approximately 2,500 meters to recover 10 tonnes of large diameter core (PQ) to undertake metallurgical testwork in support of a potential sulphide heap leach mine operation. Major Drilling has commenced mobilizing to site this week.
The mineralization at Maricela consists of a series of intersecting epithermal vein systems and associated vein stockworks and breccias that have potential for bulk tonnage open pit deposit as well as high grade underground vein targets. Radius geologists have spent a week on the property conducting due diligence, preliminary mapping and rock chip sampling and the system appears to be open for expansion.
The Company intends to use the majority of the net proceeds of the offering for preparation and submission of applications for permits required to commence construction of the Ixtaca project, additional engineering work, exploration activities, legal and consulting costs, and for general working capital purposes.
Mr. Thomson brings over 35 years of senior strategic mergers and acquisitions experience in the mining industry. Mr. Thomson currently serves as Senior Executive Vice President, Strategic Matters for Barrick Gold Corporation where he is involved in all matters of strategic significance, including the management of complex negotiations, development of corporate strategy, involvement in complex legal issues, and governance related matters.
Great Panther Mining Limited announces that Jim Zadra, the Company’s Chief Financial Officer, has departed the Company effective March 15, 2021.
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