“Parral has become our engine of free cash flow, generating in excess of US$5.5 million this quarter. Parral has funded our exploration program at Los Ricos for three consecutive quarters,” said Brad Langille, President and CEO. “Parral’s free cash flow, when reinvested in Los Ricos, is creating exceptional value growth for our shareholders.”
Almadex is pleased to announce its intention to drill at least three of its Mexican mineral properties over the course of 2021, using its own drill rigs and teams.
Brad Marwood, Managing Director of CZL advised “The Plomosas operation and project teams have produced excellent work in a difficult environment impacted by the COVID-19 pandemic, a severe winter storm across Texas and northern Mexico closing the USA and Mexico roads and ground traffic for days at a time.”
Tarachi Gold Corp. is pleased to announce that it has qualified to trade on the OTCQB® Venture Market, a top-tier public market in the United States, and its common shares are now trading on the OTCQB under the ticker symbol “TRGGF”.
Ralph Shearing, Telson CEO and President, stated “These strong first quarter results continue to reflect our steady progression of improving the throughput and recoveries at Campo Morado. To this end, management intends to initiate a rigorous metallurgical testing program to advance through second phase testing the Leachox Process of Maelgwyn Mineral Services and the Albion Process of Core Group, both of which returned positive test results in first phase testing.”
“The results released today confirm the new vein corridors recently identified by mapping are mineralized and carry similar grade to our Main Zone,” commented VP Exploration, Brodie Sutherland. “Our next phase of drilling will begin later this month. Not only do we have follow-up work to continue at our Main Zone with the recent surface exploration results we have no shortage of targets to test, especially along the 4 Trench Extension and the new Triple Vein Zone.”
Santacruz Silver Mining Ltd. announces that the acquisition of the Zimapan mine assets from Minera Cedros, S.A. de C.V., together with the US$17.6 million loan facility from Trafigura Mexico, S.A. de C.V., are now expected to close on or before April 16, 2021.
Canuc Resources Corporation is pleased to announce that the Company has granted, under its rolling stock option plan, 6,000,000 incentive stock options to officers, directors, employees, and consultants of the Company.
“We are very pleased with the results of this sampling and mapping program, which are greatly encouraging for the potential of the project. We were particularly pleased to see that the results confirm our interpretation that there is a continuation of silver and base metals mineralisation and historic mining within the Nueva Andromeda permit area, with the total strike length now increased by a further 20-30% for the San Celso Project.”
Silver Tiger’s CEO, Glenn Jessome, stated, “The first drill holes following up on the discovery of the Benjamin Vein in January have delivered wide zones of high grade silver mineralization. The discovery on the Benjamin Vein is located 1.25 kilometers north of the discovery announced in February of the high grade Footwall Zone in the Sooy Vein, with both discoveries in the Flat formation kilometers apart. The Benjamin Vein appears to be the northern extension of the Sooy Vein.”
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