Octavio Alvídrez, Chief Executive Officer, said: “I am pleased to report a solid start to the year. Silver and gold production are both up on the previous quarter driven by the increasing contribution from our new Juanicipio mine and the strong performance at our Herradura gold mine in particular.”
“Our 2023 annual production at the Don David Gold Mine is off to a good start. This achievement is due to mining higher average grades as a result of targeted infill drilling and mine sequencing,” stated Allen Palmiere, President and CEO. “Underground resource expansion drilling is progressing as planned. In addition, the mine is managed by a new leadership team that is already realizing improvements to maximize efficiencies and safety protocols.”
Richard Lock, Oroco’s CEO, commented: “Drill hole N044 remains the best drill hole of the 2021-2023 Santo Tomas drill program and is consistent with prior North Zone drill results. This data correction in no way dampens our enthusiasm for the overall results we have received in our recently completed drill program. We look forward to presenting those results in our upcoming mineral resource estimate.”
“Following Vizsla Silver’s strategic investment in Prismo in January 2023, when they acquired a 10.1% ownership stake in our Company, we have worked with their technical team in Mexico to modify our technical data collection procedures to comply with theirs and plan this next phase of drilling,” said Dr. Craig Gibson, President and CEO of the Company.
Guanajuato Silver Company Ltd. is pleased to announce changes to its senior management team. These changes are designed to support future expansion of the Company’s growing portfolio of mining assets and to augment production from the Company’s wholly owned El Cubo Mines Complex, Valenciana Mines Complex, and San Ignacio Mine in Guanajuato, Mexico, and the Topia Mine in Durango, Mexico.
Radius Gold Inc. is pleased to provide an exploration update for the Tropico gold mineralized “hot spring type” sinter and breccia pipe target within the Fresnillo district, Zacatecas, Mexico. Additionally, Radius proposes a non-brokered private placement of a minimum of 10,000,000 units at a price of $0.175 per unit for proceeds of a minimum of $1,750,000.
Ernesto Balarezo, Interim CEO of Sierra Metals, commented, “Production during the first quarter of the year indicates that we are beginning to realize the benefits of our plan to optimize all aspects of our operations. On a consolidated basis, we achieved a 28% increase in copper equivalent production over the last quarter and a 13% increase over the first quarter of 2022.”
Mr. Barry commented, “After years of frustration as a result of Mexican governmental agencies allowing this illegal blockade to destroy the significant value in our Sierra Mojada project, we are confident in our prospects for success in the arbitration, and firm in our resolve to create value for our shareholders.”
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