Radius now has two rigs on the property with drilling advancing, although at slower rates than anticipated. Diamond drill holes 2 and 3 are in progress…
Work has focused on the Rhyolite Dome area and has moved westward toward the copper-bearing gossans of the Laminas zone which may represent a Cu-rich stringer zone in the footwall of a VMS deposit.
Mr. Looper brings a wealth of experience and expertise to the Company’s leadership team, with an impressive track record in the oil and gas industry and a commitment to sustainable and innovative energy solutions.
“Ultimately, this current resource statement is just the first, conservative iteration of the geological potential across the broader Santana property with a goal of the current starter mine being a source of organic funding to prove up the greater potential of the area.”
Excellon Resources Inc. announces that, further to its news release dated July 24, 2023, it has completed the extension of the maturity date of its 5.75% secured convertible debentures from July 30, 2023 to July 31, 2024.
Orex’s President & CEO, Ben Whiting, P.Geo., said; “The discovery potential of the Valenciana District was recognized by geologists Perry Durning and Bud Hillemeyer back in 1996. Drilling later that year yielded excellent results, however, a worldwide exploration slowdown took place in 1997 and the main vein intercepts did not receive further work. This is an excellent opportunity to restart exploration at Valenciana.”
Alexander Langer, President & CEO of Sierra Madre stated, “DTC eligibility compliments our recent listing qualification on the OTCQX® Best Market, announced on July 28, 2023. Obtaining DTC Eligibility represents the company’s commitment to increasing visibility and accessibility for shareholders in the United States.”
Mr. Richard Warke, Executive Chairman, commented: “Warintza is a very special asset that has the potential to create tremendous long-term value for all stakeholders by unlocking one of the last major greenfield districts at low elevation and adjacent to infrastructure in the global copper industry. The Company has a rich opportunity to significantly grow the Project while advancing it through technical studies and permitting with financing consistent with my commitment to minimize shareholder dilution.”
Heliostar CEO, Charles Funk, commented, “These metallurgical results represent a significant step-change in our understanding of the Ana Paula Project. An 80.4% recovery using conventional grind sizes and recovery techniques indicates the High Grade Panel has the potential to be processed through a simple mill flowsheet.”
“We are very excited about the first phase of drill results at Lucy. The drill results suggest a mineralized skarn that outcrops at surface, and the system has been traced over a strike length of at least 500 metres. Follow-up exploration is planned to better evaluate the scope and scale of this new discovery.”
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