Consolidated Zinc Limited is pleased to announce Metco Trading S.A. de C.V. and the Company’s Mexican subsidiary, Minera Latin American Zinc SAPI de CV have entered into an offtake agreement for the sale of 100% of the Plomosas lead concentrates produced from Plomosas for calendar year 2022.
Fabled Silver Gold Corp. is pleased to announce the effective date for the previously announced spin-out of its interest in the Muskwa copper project in northern British Columbia, by way of distributing the shares it holds in its wholly owned subsidiary Fabled Copper Corp. to the shareholders of the Company through a statutory plan of arrangement.
Rick Trotman, President and CEO of Barksdale commented: “This is a great follow-up to the initial holes that we announced in mid-October. Not only has the team demonstrated the robust nature of the supergene copper zone but we are now starting to see the results of some of the step out holes that show that Cerro Verde’s footprint still has room to grow.”
Gustavo Gallego, Kootenay’s Chief Geologic Engineer commented, “The B vein system is very promising, like all the targets drilled to date in Columba, drilling has returned excellent values with very interesting widths. We have tested a little more than 200 meters in length of this system and up to 200 meters in depth with drilling. On the surface we did not find high values of silver, however important grades begin approximately 100 meters deep, which gives us confidence that almost the entire epithermal system is preserved from erosion.”
“With the cash flow from Parral covering our general and administrative expenses as well as a large portion of our exploration costs at Los Ricos for 2021, we were able to increase our market capitalization by 98%. Our discovery cost at Los Ricos was only $0.12 per silver equivalent ounce,” said Brad Langille, President and CEO stated.
Alan Pangbourne, CEO, commented, “2021 was a transformational year for Chesapeake with new management members and technical team focused on testing a sulfide heap leach technology that could significantly improve Metates’ project economics as a low cost, scalable mine.”
Starting in January 2022, the Company expects to increase the throughput to an average of 1,800 tonnes per operating day.
Vizsla President and CEO Michael Konnert commented: “The main Napoleon vein is continuing to grow towards to the south with high grades and wide intercepts. Today’s results including a 100-metre step to the south, increase the overall Napoleon resource area footprint to 1,920 metres which remains open towards Ojo de Agua, a priority zone for future expansion potential.”
“The Parral project continues to deliver great results,” commented Dan Dickson, Chief Executive Officer. “Following limited drilling in 2020 due to the pandemic, it was a priority for our exploration team to re-start the exploration program at Parral this year to expand on the mineral resource estimate we published on the project in early 2020. Our goal is to continue the drill program at Parral in 2022 as we get closer to achieving the scale required to support a positive economic assessment.”
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