Minaurum Acquires 100% Interest in Alamos Silver Project
August 31, 2022
“Taking full ownership of the entire Alamos district is a major milestone for Minaurum,” stated Darrell Rader, Minaurum Gold President and CEO.
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“Taking full ownership of the entire Alamos district is a major milestone for Minaurum,” stated Darrell Rader, Minaurum Gold President and CEO.
“Alamos Gold is approaching our 20th anniversary in 2023, and sustainability has long been at the core of our strategy. This past year is without exception, and this report highlights the progress in our ESG performance,” said John A. McCluskey, President and Chief Executive Officer.
It is our objective to bring the San Francisco mine back to its most productive days and beyond as we venture forward.
Zacatecas Chief Executive Officer and a Director of Zacatecas, Bryan Slusarchuk, states, “The technical team continues to execute efficiently on our silver projects. We have experienced early significant drilling success in two new areas of the property outside of the known Panuco resource with multiple good hits at both Panuco North and El Cristo.”
Ralph Shearing states, “Q2 2022 second quarter financial results reflect a challenging quarter for the Company. Campo Morado operations saw a decrease in profitability over H1 2022 compared to H2 2021 as a result of the El Largo zone nearing depletion delivering lower grade ore to the mill which negatively affected both recoveries and concentrate grades.”
Guanajuato Silver Company Ltd. is pleased to report that in conjunction with its recent acquisition of Minera Mexicana El Rosario S.A. de C.V. from Great Panther Mining Limited, the Company has closed a US$5M concentrate pre-payment facility with Ocean Partners UK Limited, a metals off-take and trading firm.
With each progressive stage of reconnaissance drilling along previously untested trends we are uncovering excellent indications that mineralization continues to the southeast and in parallel trends to our Main Zone”, commented CEO, Brodie Sutherland.
“The El Cuervo system is the third major gold-silver target discovered at the Amalia Project, with multiple wide and high-grade drill results returned from the 22 hole El Cuervo program. With Amalia Central, California and El Cuervo targets all demonstrating resource potential, the growing scale of the Amalia Project is apparent.”
Carlos Silva, CEO of Santacruz, stated; “Our second quarter financial results include the first full quarter of contributions from our Bolivian operations. The transition process is advancing well as Santacruz has strong and committed management teams in both Bolivia and México.”
Capitan’s CEO, Alberto Orozco, states: “We are very pleased to show the continuity at depth of both grade and thickness of the Jesus Maria silver vein. We look forward to upcoming holes which will not only continue to test the extension of Jesus María, but of the Gully Fault Ag-Au zone as well. These two higher-grade silver zones in conjunction with the JM North, JM South and San Rafael targets, highlight the potential for significant scale at the Cruz de Plata Silver Project.”
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