Category: Exploration and Development

Mammoth Resources Corp. is pleased to announce that following a community meeting held yesterday, Sunday, December 20, 2020, the second of the two communities (ejidos) upon which the Company’s 100% owned Tenoriba gold-silver exploration project resides, voted in favour of a two-year surface access agreement to conduct exploration activities at Tenoriba.

VanGold Director Daniel J. Oliver said, “This is a transformational acquisition for VanGold Mining. Our preliminary internal financial model shows a swift path to restarting production, a favorable payback period, and robust cash flows with silver at US$23 and gold at US$1850.”

Bradford Cooke, CEO of Endeavour commented, “We are pleased to enter into this transaction to sell our El Cubo assets to VanGold. They are an ideal fit given the proximity of the Pinguico property to the El Cubo plant. We will become VanGold’s largest shareholder and look forward to supporting the VanGold team as they advance the Pinguico and El Cubo assets through exploration and development to production.”

Jonathan George, CEO and Director of Ridgestone, commented, “We are excited to acquire a high-quality, high-grade gold-silver project with such a prolific mining history in the Sierra Madre mining district at an accretive value for our shareholders. This acquisition bolsters our Mexican project portfolio, in conjunction with our 100%-owned high-grade Rebeico Gold-Copper project.”

“2020 has been a transformational year for Vizsla with multiple discoveries made across the Panuco district. The Company has completed 27,400 metres up until December 5th and is focused on expanding the mineralized zones at Napoleon, Papayo, Tajitos and our new discovery at Aquita Zarca. Material updates for these zones will be released as they become available in January 2021,” commented Vizsla President and CEO, Michael Konnert.

Rob Macdonald, Vice President Exploration stated: “The confirmation of a shallow and potentially high-grade gold target continues to highlight the terrific exploration potential on the east side of the Cerro in the area of the historic Mina La Bocona chimney which was mined and developed by artisanal miners to more than 200 metres in depth and produced up to an estimated 400,000 tonnes of ore.”

Matthew O’Kane, Managing Director of Comet Resources, said “It’s great to have boots on the ground pushing forward to drilling for Q1 next year, and to be finalising plans for a number of geological work programs at Santa Teresa. I am very pleased with the expediency of work from Interminco and have great confidence in our recent appointment of Cascabel – Imdex as Geological Consultants.”