Month: October 2021

GoGold Drills 3,034 g/t AgEq over 0.8m and 24.2m of 139 g/t AgEq at El Favor East in Los Ricos North

“The El Favor East zone is truly developing into a significant discovery in Los Ricos North,” said Brad Langille, President and CEO. “We are currently drilling 900 metres to the east of the original discovery hole 48, and we are seeing what appears to be strong mineralization. These results and other pending results may impact on the upcoming initial resource for Los Ricos North.”

Canuc Provides San Javier Exploration Update and Reports on SJ-21-04

“The fourth drill hole (SJ-21-04) is ongoing at a depth which is now in excess of 922 m. This drill hole is located towards the center of the company’s claim group. The detection of chalcopyrite, and some other copper minerals, in veinlets is encouraging as we move through a contact metamorphic environment towards the intrusive source. Also, we observe that the dimensions of the new gold zone first identified earlier this year continue to extend significantly within company claims,” Stated Christopher Berlet, President and CEO of Canuc.

GSilver Begins Mineral Processing at El Cubo

James Anderson, Chairman and CEO of GSilver commented, “We have achieved yet another significant milestone – on track, on time and on budget – with the recommissioning of our El Cubo mill. I congratulate all of our team members on executing this noteworthy achievement so rapidly.”

Argonaut Gold Acquires Key Mineral Concessions Surrounding its San Agustin Mine from Fresnillo for US$5.75 Million and More Than Quadruples Mineral Tenure in the San Agustin District

Pete Dougherty, President and CEO stated: “The acquisition of these strategic mineral concessions wrap up the San Agustin district for Argonaut, more than quadrupling our mineral tenure to 5,884 hectares and vastly increasing our exploration potential. As part of the acquisition, we have also acquired four, key mineral concessions immediately adjacent to the San Agustin pit which will allow operations to further expand the open pit, increase mineral reserves and extend mine life.”

Golden Minerals Reports Quarterly Gold Production Increase of 38 Percent During Third Quarter 2021

Warren Rehn, President and Chief Executive Officer of the Company, commented on the third quarter production figures. “Q3 was the first quarter of full production for Rodeo and the mine has exceeded expectations in terms of gold ounces produced. Our operations team has demonstrated exceptional ability to execute and follow through with our mining and processing plan. Given the excellent results this quarter, I expect we will close the year at the high end of our production guidance.”

Hecla Reports Q3 2021 Production Results

Mr. Baker continued, “Hecla is the United States’ largest silver miner producing 40% of all the silver mined in the U.S. With this quarter’s performance, we are not only the largest but also demonstrate the strength of our operations in this lower silver price environment with approximately $10 million added to our cash balance, despite the semi-annual interest payment made this quarter and some one-time cash transactions.”

Orla Mining Begins Commissioning Activities at Camino Rojo

“The march towards first gold pour continues at Camino Rojo and the team is focused on achieving this important milestone by year end”, said Jason Simpson, President and Chief Executive Officer of Orla Mining. “While the rate of construction advance has been impressive, I am most encouraged by the diligence exhibited by our team in maintaining a safe and healthy operation during this intensive and challenging period”.

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