“This is a unique opportunity to create a long-term partnership between two high quality mining companies working together to de-risk and optimize a world class VMS deposit in a premier mining jurisdiction,” added Ammar Al-Joundi, President and CEO of Agnico Eagle.
“ELG Underground has been a significant driver of Mineral Reserve and Resource growth over the last several years, and the latest results from the ongoing drill campaign continue to validate our positive outlook. We are excited about the long-term prospects of the ELG Underground given the potential to continue to grow higher grade reserves and resources while steadily increasing mining rates toward a target of 2,000 tonnes per day.”
“We continue to build our cash and working capital position,” reported Robert Eadie, CEO of the Company. “We hope to have results of the exploration progress we have made utilizing our $2million additional budget to explore our properties as well as to expand development and resources at the San Martin mine.”
“Our exploration team has done a remarkable job of delineating a large resource with notable growth potential in only four years. Our confidence in the geology has also improved, resulting in a large portion of the deposit now being classified as indicated resources,” said Christopher Emerson, Pan American’s Vice President Business Development and Geology.
Ranchero Gold Corp. announces that it has terminated its marketed public offering that was previously announced on July 21, 2022 due to market conditions.
Great Panther Mining Limited reports that it has a received a letter from the New York Stock Exchange notifying the Company that as a result of the filing of a notice of intention to make a proposal under the Bankrupcy and Insolvency Act and in accordance with the NYSE American Company Guide, NYSE Regulation has determined that the Company’s common shares will be delisted from the NYSE American LLC.
N. Eric Fier, CPG, P.Eng, and CEO, stated, “We are extremely proud of how our team and contractors having navigated the construction process and transition to commissioning, which remains on track at Las Chispas. We remain focused on managing risk and are happy to have the financial flexibility to address the challenges and opportunities that will come our way”.
“This drilling represents results from exploration from outside of our resource areas and are some of the first results from these new targets. These targets will require future drilling which will be aimed at developing future resources.”
Riverside’s President and CEO, John-Mark Staude: “The Oakes Project had previously only seen two drillholes, so we are very encouraged to see our first set of shallow holes include multi-gram gold intercepts that demonstrate the interpreted vertical gold bearing structures continue at modest depths.”
Alan Pangbourne, President and CEO, commented “the metallurgical results to date confirm that the fresh core samples being tested from Metates will oxidize in a similar fashion to the first column. We are now focusing on optimizing the oxidation rate and achieving sufficient oxidation to achieve the targeted gold and silver recoveries.”
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