“Today we achieve a mission critical milestone in our growth journey with the release of the updated Technical Report for our Morelos Complex and approval from our Board of Directors to proceed with the development of the ML Project.”
Significant progress was achieved during the year ended December 31, 2021 on the construction of the 4,000 tonnes per day Juanicipio processing plant as the Juanicipio project team delivered the project for plant commissioning late in the fourth quarter of 2021.
Following up on the news release dated November 10, 2021 – Silver Valley Metals Considers Strategic Alternatives for Its Lithium and Sulphate of Potash (SOP) Deposits in Zacatecas, Mexico – the Company can report it is in advanced discussions and under NDA’s with several well financed and highly technical groups.
On the exploration front, we delivered a robust program that included the strong advancement of the Silver City project and the discovery of a new high-grade zone of readily mineable mineralization at Platosa.
The Company completed a record exploration program totalling 227,845 metres of drilling at its operating mine properties in 2021, representing a 46% increase in metres drilled compared to the prior year. Approximately 80% of this drilling was focused on near mine or brownfield targets while the remainder was focused on greenfield targets looking for new discoveries.
“In reaching commercial production at Camino Rojo, we have completed our transformation from explorer through developer to producer in three years”, said Jason Simpson, President and Chief Executive Officer of Orla Mining.
“These approvals clear the way for Silver Spruce and our partner, Colibri Resource Corp. to move forward with our jointly funded trenching and drilling program. The Phase 1 trenching is scheduled to start in April and be completed in May. Receipt of assays are anticipated during May and June.”
Xali Gold Corp. is pleased to announce that its Mexican subsidiary, Minera CCM El Oro Jales and the Municipality of El Oro have agreed to renew both the Tailings Agreement and the Tourism Agreement.
“This current set of drill results highlights the excellent growth potential that exists at Cordero beyond the 16-year mine life outlined in our 2021 PEA.”
SilverCrest Metals Inc. announces the retirement of Mr. Ross Glanville, P.Eng., MBA, CPA, CGA from the Company’s Board of Directors effective today.
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