“We are excited to kick off our fully-funded, drilling-focused exploration campaign at Medicine Springs, which preliminary work indicates is a fully-preserved CRD system,” commented Jorge Ramiro Monroy, Reyna Silver’s CEO.
Paddy Nicol, CEO of Orogen, commented: “Our first full quarter of royalty revenue from Ermitaño and strong results from our prospect generation business have seen Orogen generate a profit for the first quarter of 2022.”
SilverCrest Metals Inc. is pleased to announce that Ausenco Engineering Canada Inc. has completed construction and handed over the Las Chispas processing plant to SilverCrest, ahead of the Feasibility Study* schedule.
Mel Herdrick, Sonoro’s Vice President of Exploration, noted that “I continue to be encouraged by the results of the Phase IV drilling campaign which has returned multiple higher-grade intercepts and demonstrated resource growth potential near surface and at depth.”
First Majestic Silver Corp. is pleased to announce that it has entered into a definitive agreement dated May 24, 2022 to sell its 100% owned past producing La Guitarra Silver Mine located in the Temascaltepec mining district, Mexico State to Sierra Madre Gold & Silver Ltd. for total consideration of US$35 million.
Greg Liller, Sierra Madre´s Executive Chairman and Chief Operating Officer commented, “Based on my experience with running the La Guitarra mine and overseeing the district´s first large-scale exploration program, I have always believed La Guitarra is one of the largest undeveloped silver opportunities in Mexico.”
Bill Pincus, Chief Executive Officer and Director stated: “We have successfully completed targeting based on remote image interpretation and are now actively engaged in the field sampling and mapping new areas at our flagship Santa Daniela gold project. The work completed so far has been yielding positive results and we remain on track to identify new drill targets by year-end.”
“With the development of Media Luna and growth ambitions ahead of us, we will increase the positive impact we are making in Mexico and beyond and continue to demonstrate what responsible gold mining looks like.”
“Throughout our more than 130 years in operation, Hecla’s focus has been on responsible mining practices, safety, and building strong communities where our mines operate,” said Hecla President and Chief Executive Officer Phillips S. Baker, Jr.
GR Silver Mining Chairman and CEO, Eric Zaunscherb commented, “The 2022 infill drill program at the Plomosas Mine has been carefully designed to address upside potential in the resource block model. It has been our thesis that historical sampling lacked detail in some unmined areas resulting in the adoption of zero grade in unsampled drill hole intervals in the current resource model.”
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