“For the past several months, Durango has been hard at work preparing its flagship Claudia Project for a 10,000-meter drill program,” said Durango’s CEO Fernando Berdegué. “We’re excited to announce drilling has now commenced, marking a major step forward for the company.”
Due to the inadvertent inclusion of certain tax and depreciation expenses in its calculations, the Company reported the AISC to be US$489.3 million LOM, and US$1,462 per ounce of gold equivalent. The corrected amounts, as reported in the table below, are US$437 million LOM, and US$1,351 per oz. AuEq.
Sergio Trelles-Monge, Special Geological Advisor in Mexico for Benjamin Mining Corp. states: “Caracahui is the central part of our property, and we’re always happy to see the expansion of the widths and lengths of disseminated and concentrated mineralization. Work is still taking place to produce more exploration targets, and thanks to the great work of our field team, magnificent results like the recent assays have been achieved.”
“The PEA really highlights the intrinsic value and potential economic viability of the Cerro Caliche project,” said Mel Herdrick, VP Exploration of Sonoro Gold. “Considering only 30% of the mapped mineralized zones have been drilled and assayed to date, I believe the PEA also justifies resuming drilling this fall to continue expanding and categorizing the project’s oxide gold mineralization.”
Derek Wood CEO of Tocvan Ventures Commented “We are very please to have negotiated and completed this agreement with Millrock. This is a prime example of the ability of Tocvan to negotiate transactions which we believe add significant accretive value to Tocvan shareholders, while allowing previous operators and landowners to benefit greatly from a successful outcome as Tocvan works to de-risk the property toward economic viability. We like to create win-win opportunities for all stake holders and feel that we have accomplished this with execution of this agreement.”
Canasil President and CEO, Bahman Yamini, commented: “The 2021 follow up drill program on the Candy vein at Nora continues to return exceptional results – drill hole NRC-21-12 is at the deepest level tested so far, alongside NRC-21-09 and NRC-21-10, yet still interpreted to be in the higher levels of the mineralized system at only 200 m below surface.”
“Hole 72 is our most easterly hole released to date and extends the mineralization 300m to the east from discovery hole 48,” said Brad Langille, President and CEO. “We have redirected drills to El Favor East as we aim to include a portion of El Favor East in our upcoming initial Los Ricos North resource.”
Nomad Royalty Company Ltd. is pleased to announce, further to its press release dated August 30, 2021, that it has closed its previously announced amended revolving credit facility for US$125 million with the option to increase to US$150 million, subject to satisfaction of certain conditions.
Michael Konnert, President and Chief Executive Officer of the Company stated: “As all of our efforts continue to be focused on the Panuco silver-gold project in Mexico, we believe that the spin out of the Company’s early-stage copper assets will allow for independent advancement of otherwise non-core assets creating significant shareholder value.”
Chris Ritchie, President, commented, “SilverCrest has adopted a successful systematic and responsible phased approach focused on capital efficiency and risk mitigation. Our team has had tremendous success defining a high grade primary silver resource and reserve and positioning Las Chispas to enter production less than seven years from the first drill hole at the project.”
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