Month: August 2022

Southern Silver Announces Preliminary Economic Assessment on Cerro Las Minitas with After-tax Net Present Value at a 5% Discounted Rate of US$349M, Internal Rate of Return of 17.9% and a 60 Month Payback

Lawrence Page. Q. C. President, said: “Cerro las Minitas is aptly named in Mexico as the “Hill of Mines” and is located in the Faja de Plata or “Silver Belt” of northern Mexico where numerous silver and base metal mines have been developed and are currently operating.”

Prismo Metals Receives LiDAR Data for Los Pavitos

Dr. Craig Gibson said: “While our analysis of the LiDAR data has not yet been completed, we are delighted with the results to date. Structural features and small mine workings are clearly visible in the data, and we feel that it will greatly aid in the delineation of important structural trends as part of the process to identify drill targets for a drilling campaign planned in late 2022.”

Millrock Adds to Treasury From Royalty Sale

Millrock President & CEO, Gregory Beischer, commented: “Prevailing market challenges make an equity financing difficult and raising capital in this manner would be highly dilutive to shareholders. Sale of non-core assets is the best way to bolster Millrock’s treasury for continued project generation activities, while we wait for assay results to roll out from two major Alaska gold drilling projects in which Millrock holds an interest.”

Endeavour Silver Appoints Rex McLennan as Chairman

“Rex has been a Director of Endeavour Silver for 15 years and we have benefitted tremendously from his guidance during this time,” said Dan Dickson, CEO of Endeavour Silver. “He has been instrumental in the evolution of the Company and exemplifies our vision in sustaining growth for all of our stakeholders.”

Discovery Reports Exceptional Results from its Pre-Feasibility Study Metallurgical Test Program

Tony Makuch, Interim CEO, states: “Our PFS metallurgical test results demonstrate the exceptional metallurgical properties of our Cordero deposit. Recoveries typically ranged from 85-95% at an extremely coarse grind size of ~210 micron. On average sulphide recoveries came in higher than what was assumed in our PEA and were achieved at significantly reduced reagent consumption highlighting the potential for reduced operating costs for our PFS.”

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