TORONTO, Nov. 19, 2020 /CNW/ – Magna Gold Corp. (TSXV: MGR) (OTCQB: MGLQF) (“Magna” or the “Company”) is pleased to announce that the Company and Molimentales del Noroeste, S.A. de C.V. (the “Purchaser”), a subsidiary of the Company, have closed the acquisition (the “Acquisition”) of the option (the “Option”) to acquire a 100% undivided interest in the mining concessions comprising the Margarita Silver Project (the “Property”) pursuant to a definitive option acquisition agreement (the “Agreement”) with Sable Resources Ltd. (“Sable”) and Exploraciones Sable, S. de R.L. de C.V. (the “Vendor”), a wholly-owned subsidiary of Sable. Immediately following the Acquisition, the Purchaser exercised the Option to acquire the Property (the “Option Exercise”). The Property is comprised of two mining concessions, covering 125.625 hectares, located within the prolific Sierra Madre Gold Belt, which hosts numerous multimillion-ounce gold-silver deposits, 88 kilometers south of the state capital of
Chihuahua in the Municipality of Satevo, State of Chihuahua, Mexico. The Property lies 15 kilometres northwest on strike with Sunshine Silver Corp.’s Los Gatos Mine
Month: November 2020
Colibri Resource Corp Receives Second Batch of Assays That Includes 23.2 Grams per Tonne Gold from Trenching at the Evelyn Gold Project
Dieppe, New Brunswick–(Newsfile Corp. – November 19, 2020) – Colibri Resource Corporation (TSXV: CBI) (“Colibri” or the “Company”) is pleased to announce that the Company has received the second batch of assays from the trenching program completed on the EvelynGold Project, located in the Caborca Gold Belt, northwestern Sonora. Significant results include an assay of 23.2 grams per tonne (“g/t”) Au from the Cerro Rojo target area
Aura Announces New and Improved Offtake Agreement with Trafigura starting in 2022
Aura Minerals Inc. (TSX: ORA) (B3: AURA33) (the “Company” or “Aura”) announces that its wholly-owned subsidiary, Aranzazu Holding S.A. de C.V. (“Aranzazu”) has recently completed a competitive bidding process for a new offtake agreement with respect to the copper and gold concentrate produced at the Company’s Aranzazu mine. In connection with the completion of the bidding process, Aranzazu has entered into an offtake agreement (the “New Agreement”) with Trafigura México, S.A. de C.V. (“Trafigura”), pursuant to which Trafigura has agreed to purchase 100% of the copper and gold concentrate produced at Aranzazu during the term of the New Agreement. The New Agreement is effective as of the beginning of 2022 and continues until the end of 2024. The current offtake agreement in place with IXM Metals (the “Existing Agreement”) will remain in force until the end of 2021.
SilverCrest Appoints a New Independent Director
VANCOUVER, BC – November 18, 2020 – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce the appointment of Laura Diaz to the Board of Directors effective immediately.
Unen esfuerzos ejecutivo y legislativo para que Fondo Minero regrese a municipios de Sonora
Diputados integrantes de la comisión de minería del Congreso del Estado y la Secretaría de Economía del estado, unirán esfuerzos para solicitar al gobierno de la república que los recursos del Fondo Minero se administre en los ayuntamientos de Sonora para obras de alto impacto social, como se hizo desde su creación en el 2014, hasta la llegada de la 4T a la administración federal.
Fuente: http://www.dossierpolitico.com
Starcore Announces Results of Annual General Meeting
Vancouver, B.C. – Starcore International Mines Ltd. (TSX: SAM) (“Starcore” or the “Company”) reports the results of its annual general meeting of shareholders (the “Meeting”) held on November 17, 2020.
Sierra Metals Signicantly Increases Mineral Resource Estimate for Cusi Silver Mine, Mexico
TORONTO–(BUSINESS WIRE)– Sierra Metals Inc. (TSX:SMT) (BVL:SMT) (NYSE AMERICAN:SMTS) (“Sierra Metals” or “the Company”) has updated its Mineral Resource Estimate at the Company’s Cusi Mine, located in Chihuahua State, Mexico.
GoGold Drills 3.3m of 3,675 g/t AgEq at El Favor in Los Ricos North Contained Within 52.1m of 306 g/t AgEq from Surface
HALIFAX, NS, Nov. 18, 2020 /CNW/ – GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) (“GoGold”, “the Company”) is pleased to release additional assay results from the Company’s El Favor deposit on the Los Ricos North property, including 3.3m of 3,675 g/t silver equivalent (“AgEq”) from hole LRGF-20-008.
Endeavour Silver Expands Terronera Project in Jalisco, Mexico, Acquires Two Adjacent Properties Covering Multiple Mineralized Veins
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VANCOUVER, British Columbia, Nov. 18, 2020 (GLOBE NEWSWIRE) — Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) has expanded the footprint of its Terronera Project, located in Jalisco State, Mexico, to 20,128 hectares through the acquisition of two adjacent groups of mineral concessions, La Sanguijuela and Cerro Gordo, covering multiple mineralized vein structures (link to Terronera property map here).
Riverside Resources Samples up to 48.3 g/t Gold over 0.75 m at the Cecilia Project in Sonora, Mexico
Vancouver, British Columbia–(Newsfile Corp. – November 18, 2020) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) (“Riverside” or the “Company”) provides an update on the latest channel sample results received from the Cerro Magallanes targets at the Cecilia Project (“the Project”). Riverside and partner Carlyle Commodities Corp. find more high-grade gold at surface increasing confidence in the interpretation of the structural control for mineralization. Surface work has helped the Company define and detail a 7-hole drill program for 1,500 m over the primary structural zones at the San Jose, North Breccia and Central targets at the Project.