Category: Exploration and Development

Luis Marchese, CEO of Sierra Metals commented: “I am very encouraged by the results of this PEA which support the Company’s organic growth strategy and plan to profitably develop and grow the Bolivar Mine production rate to 10,000 TPD in 2024 from today’s capacity of 5,000 TPD, based on current analyst consensus metal price estimates.”

“Hicimos una evaluación para seleccionar a nuestros mejores elementos y los llevamos a un entrenamiento de capacitación y especialización en protección de instalaciones mineras; por lo que hoy se lleva a cabo la instalación de 120 policías del Servicio de Protección Federal especializados en este sector.”

Radius Gold Inc. is pleased announce that it has acquired the right to purchase the 500 hectare Don Jose property that surrounds Radius’s Plata Verde silver project located in Chihuahua, Mexico. The Company is also pleased to report that local land owners have constructed a new access road that reaches the Project, enabling year round access by 4×4 trucks and facilitating exploration and future drilling programs.

Orex’s President, Gary Cope said “The two claim packages comprising the Sandra project would be best explored as a single property. We are extremely happy to be working with the Pan American Silver team and are very pleased with the faith they have shown in our group by entrusting us with day-to-day operation of the exploration effort”.

The company is stock piling quartz mineralized material with an average grade of 4.2 GPT Au which is ready to be crushed and placed on the pad. Recovery of gold from the new heap leach pad is expected by December 1st, 2020.

“In just a few short months since the Cerro de Oro acquisition we have rapidly advanced the project on a number of parallel fronts. All indications to date support our belief that the deposit is an ideal project for the design and development of another low capital intensity heap-leach operation to expand the Company’s future growth potential” stated Darren Koningen, CEO.

Greg McKenzie, President and CEO commented, “We are excited to commence exploration on the Company’s 100% owned San Diego Project, host to one of Mexico’s largest undeveloped silver deposits and a prime candidate for resource expansion. San Diego is located in a highly prospective geologic setting, approximately 2 kilometres northeast of the Peñoles El Cobre Project, which has nearly 100 drill pads and recently moved into the engineering phase with optimization studies underway.”