IM Exploration Inc. is pleased to announce that, further to its press release of March 1, 2021, it has entered into an assignment and assumption agreement with Starcore International Mines Ltd. and Minquest Ltd. whereby the Company has assumed Starcore’s obligations and rights to acquire a 100% interest in the Toiyabe Gold Project in Lander County.
“Underground drilling at Platosa continues to delineate high-grade silver,” stated Ben Pullinger, Senior Vice President Geology & Corporate Development. “We are currently advancing development to support further drilling of the Gap Zone. As that development progresses, we are identifying areas of historical production where we see potential additional high-grade mineralization, such as Guadalupe North.”
“We are very pleased to partner with Scatec on this new solar plant, our first major foray into renewable energy at our operations. The new facility will complement our existing power supply with a renewable energy source that demonstrates we are serious about reducing our carbon footprint, with a view toward carbon neutrality over time.”
Exploration work in the Copalquin Gold-Silver District has progressed at a fast pace for the first three months of 2021 with the completion of 15 diamond drill holes and an extensive soil sampling program across 2 project areas. The Mithril exploration team reported that holes successfully intercepted the targeted geological structures at El Refugio and La Soledad.
Luis Marchese, CEO of Sierra Metals commented: “We are very excited about initiating this new process with the potential for additional revenue for the Company. The iron ore market is presenting value-enhancing opportunities for Sierra Metals and the Company is taking decisive action to extract value from its existing iron ore-copper mineral resources.”
As required by DTR 6.3.5 (3), the Company confirms a copy of the Annual Report is available on the Company’s website: www.fresnilloplc.com.
“At Casados we have stepped out 200 metres along strike and have intercepted high grade mineralization of more than a kilo of silver equivalent,” said Brad Langille, President and CEO. “Again we see at Casados, like other areas of Los Ricos North, kilos of silver equivalent enveloped in broad zones of good grades, potentially bulk mineable. These broad zones of strong mineralization help to build resource ounces quickly.”
The Circuit Court rejected the appeal lodged by Texas-based DynaResource Inc. and its Mexican subsidiary to vacate the Arbitral Award, which had found that DynaUSA had improperly diluted the Company’s interest in the San Jose de Gracia Mexican mining project, which Goldgroup had earned into pursuant to an option agreement between the Company and DynaUSA.
The net proceeds from the Offering will be used principally to fund Sonoro’s ongoing development plans at its Cerro Caliche Gold Project located in Sonora, Mexico, including completion of metallurgical testing, preparation of a 43-101 resource update, a Preliminary Economic Assessment, in addition to property maintenance payments, and secondarily for corporate and general administrative expenses.
A Mexican bill that aims to bring more workers into the formal economy by sharply limiting companies’ ability to subcontract labor cleared a final legislative hurdle on Tuesday, with a vote of approval in the Senate.
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