James Anderson, Chairman & CEO, stated, “The continued financial backing of our largest shareholder and of our metals trading service partner is a major endorsement regarding the quality of our projects and the ability of our management team to execute.”
Allen Palmiere, President and Chief Executive Officer of the Company, commented, “I would like to thank Aquila shareholders for their strong support of the Transaction.
Brasiles potentially represents the northern extension of the mineralization in the Santo Tomas North Zone and is comprised of two very broad, sub-parallel, exploration targets. The drilling at Brasiles is supported from the Company’s new 28-person Brasiles exploration camp and its custom-built Hydracore 5000 Max diamond drill.
“With these final drill holes, we’ve reached the data cut-off for our initial Los Ricos North mineral resource estimate, which we expect to release shortly. While the data cut-off for the resources has been hit, the drills continue to progress on the next 100,000 metres which is budgeted for the Los Ricos district through 2022,” said Brad Langille, President and CEO.
Rodrigo Barbosa, President & CEO, comments: “Our 2021 production guidance indicates an increase of nearly 30% compared to 2020, which confirms our solid and consistent plan to double our production by 2024. As we continue working to improve our current operations to continue growing in 2022, we recently published Matupa’s PEA which now enters its licensing and engineering processes with an aim to start construction in 2023. In addition, we expect Almas to start production in early 2023.”
“This is an excellent result for our maiden mineral resource estimate (MRE) from the first 14 months of drilling in the Copalquin District with a single diamond core drill rig. The maiden MRE is robust and high-grade using a cut- off grade (2.0g/t AuEq*) appropriate for underground mining, demonstrating the economic potential for our first target area in the district and advancing Mithril’s goal to become a highly profitable gold-silver producer from high- grade resources.”
In consideration for the early payment, Endeavour has agreed to reduce the principal amount of the note by US$25,000 and settle the Mexican value added tax payable on the purchase price for El Cubo represented by the note for common shares of the Company.
Rockland’s CEO, Mike England stated “The Elektra Lithium Project acquisition represents a decisive move into the battery metal sector for Rockland, in addition to our gold exploration projects. With global lithium demand expected to quadruple by 2025, and with claystone lithium deposits recognized as a significant near-term lithium production source, the acquisition of the Elektra Project is a rare opportunity.”
Orex Minerals Inc. is pleased to announce that an independent technical report has been filed with SEDAR covering the recently released Mineral Resource Estimate on the Coneto Gold-Silver Project in Durango, Mexico.
Aloro is pleased to report that the final payment of the Option Agreement for the Los Venados claim #244241 has been made.
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