The Mining and Exploration News in Mexico: Highlights on the Fifth Week of July, 2020.

 

Quartz veins hosted in volcanic rocks

By Miguel A Heredia

During the thirty one week of the year (July 27th to August 2nd, 2020), at least 50 press releases were announced by companies working in Mexico, with thirteen announcing financial rounds, eight communicating production and financial results, seven disclosing deals and corporate issues, six commenting on Mexican issues, six discussing social issues, five informing on exploration results, and five reporting on resources and developments. ON MEXICO ISSUES, Xavier Garcia de Quevedo, VP of Grupo Mexico, stated that the investment in the Mexican mining industry has decreased 36% between 2018 and 2019 and 68% in the last seven years. The research firm Americas Market Intelligence (AMI) stated that sustainability initiatives will boost financing for the mining sector. The dispute between the Tax Administration Service (SAT) and the Canadian mining company First Majestic is rapidly escalating to other levels. According to the Institute of Statistics and Geography (INEGI), Mexico is the 9th world gold producer. Gold price exceeded USD $ 1,981.27 per Oz last Tuesday 28, 2020, reaching an all-time high. ON EXPLORATION, In Sonora, Canuc recommenced exploration at its San Javier project, and Silver Spruce announced that its Phase 1 ground exploration program on the El Mezquite Au Project will be activated during the first week of August 2020.  In Sinaloa, Vizsla added a fourth drill rig at its Panuco project. In Durango, Mithril commenced a 5,000m drilling program at its Copalquin project.  ON MINING, Capstone, Coeur, Consolidated Zinc, Fresnillo, Newmont, and Starcore reported production and financial results from their Mexican operations. Sierra Metals announced restart of production at its Cusi mine in Chihuahua.  ON FINANCING, Advance Gold closed its previously announced private placement for gross proceeds of $720K (Tabasquena project, in Zacatecas).  Aztec Minerals closed the final tranche of its private placement for gross proceeds of CAD $955K (Cervantes project in Sonora). Golden Tag announced a non-brokered private placement financing led by Eric Sprott for aggregate proceeds of $5.6M (San Diego property in Durango). Impact Silver pronounced a brokered private placement financing for CAD $6M (Zacualpan Mining District in Mexico State). Kootenay announced a private placement financing for $5M (Columba project in Chihuahua). Silver Tiger closed a non-brokered private placement for gross proceeds of $11M (El Tigre project in Sonora). Southern Silver reported a brokered offering of subscription receipts for aggregate gross proceeds of CAD $10M, and announced an additional CAD $4M equity raise (Cerro Las Minitas project in Durango). Stroud completed a non-brokered private placement financing for gross proceeds of $3M (Santo Domingo property in Jalisco).  Sonoro Metals announced that it increased its non-brokered private placement financing for up to $5M with the potential to add up to $3M of additional proceeds under the overallotment option. Gold Resource declared July monthly dividend to their shareholders (Arista mine in Oaxaca). Mag Silver signed an at the market offering sales agreement of common shares for gross proceed of up to USD $50M (Juanicipio project in Zacatecas). Candente applied to TSX for approval to extend the exercise period of 5M outstanding share purchase warrants issued pursuant to the private placement completed on August 12, 2016. (El Oro property in Mexico State). Monarca Minerals announced that it is proposing to settle an aggregate of approximately $380.6K owing to certain officers and directors and services providers through the issuance of an aggregate of approximately 7,612,000 common shares at an issue price of CAD $0.05 (Tejamen project in Durango).   ON RESOURCES AND DEVELOPMENT, Alamos Gold reported results of a positive internal economic study and announced construction decision on its fully permitted La Yaqui Grande project located in the Mulatos mining district. GoGold announced initial mineral resource estimate at its Los Ricos project in Jalisco, and updated the mineral reserve at the Parral Tailings operation, and the mineral resource estimate at its Esmeralda Tailings project located near Parral, Chihuahua. Consolidated Zinc advised that the environmental authority of Mexico has granted their approval for refurbishment of its Plomosas plant and construction and operation of the tailings storage facility. Ridgestone entered into a toll milling agreement to process bulk samples from historic dumps of the Alaska vein at its Rebeico project in Sonora.  ON DEALS AND CORPORATE ISSUES, Brigadier announced the appointment of its new special adviser (Picachos project in Sinaloa). Santacruz signed an option agreement with Grupo Peñoles to acquire the Zimapan property and related assets located in Zimapan, Hidalgo for a total consideration of USD $20M. Minera Alamos hired new VP project development and appointed new COO (Santana project in Sonora). Consolidated Zinc presented results from its annual general meeting of shareholders, and advised that a new constitution was approved and adopted by shareholders (Plomosas mine in Chihuahua). Candente launched the “CEO Verified” Discussion Forum on AGORACOM (El Oro property in Mexico State). Telson provided an update on filing annual 2019 audited and Q1, 2020 financial statements (Tahuehueto project in Durango).  ON SOCIAL RESPONSIBILITY, The Municipal Water and Sanitation Board of Chihuahua (JMAS) is extracting water from the Esmeralda and Arbolito mines to feed a dam in Parral Chihuahua. Minera Peñasquito supplies water to 5 thousand people of the communities of Cedros, Mesas, Charcos, Nuevo Peñasco and Palmas. Minera Saucito, a subsidiary of Fresnillo plc, received international certification for its commitment to the health and safety of its collaborators. Minera Penmont (Fresnillo plc), implemented a health model for the safety of its workers in the face of the COVID-19 pandemic (La Herradura mine in Sonora). Compañía Minera Cuzcatlán (Fortuna Silver) dissociated itself from the alleged environmental incident and reiterated its commitment to the communities in which it operates (San Jose mine, Oaxaca).

ON MEXICO ISSUES

  • Xavier Garcia de Quevedo, VP of Grupo Mexico, stated that the investment in the Mexican mining industry has decreased 36% between 2018 and 2019 and 68% in the last seven years, leading the country to fall in the international ranking of investment destination from position 5 to 29.
  • The research firm Americas Market Intelligence (AMI), concluded that sustainability initiatives will boost financing for the mining sector. This would represent an opportunity to transform the industry and create new business models in a more economic capital cycle.
  • The dispute between the Tax Administration Service (SAT) and the Canadian mining company First Majestic is rapidly escalating to other levels. The Attorney General’s Office, Carlos Romero Aranda, warned the taxpayer that it failed to accumulate the real income derived from the sale of silver to its related party Silver Trading Barbados Limited. First Majestic draws disputes with the SAT since the last administration because it is questioned what it paid as a result of the purchase of Primero Mining, owner of the San Dimas silver mine, in Durango. The mining company filed a lawsuit against Mexico in May under the Free Trade Agreement, prompting Andrés Manuel López Obrador to ask the Canadian government to enter into conciliation. But what is unheard of is that while the President asks his counterpart Justin Trudeau to sensitize First Majestic to pay about $ 180 million, there is already a tax lawsuit.
  • According to the National Institute of Statistics and Geography (INEGI), Mexico is the 9th world gold producer. In 2019 the country produced 2.4M Oz Au with a value of approximately USD $2.87B.
  • Gold price exceeded USD $ 1,981.27 per Oz last Tuesday 28, 2020, reaching an all-time high. Investors bet on the precious metal, considered as a safe value amid uncertainty by the tensions between the United States and China and the recovery of the COVID-19 pandemic. This move is common among investors to protect themselves from risk when markets fall.

ON EXPLORATION

  • Canuc Resources Corporation, recommenced exploration at its San Javier project in Sonora. The company announced that it has initiated a geological mapping and systematic sampling program along the 3Km structural corridor of the San Javier Ag-Au project. Focus of the program is to locate and evaluate large scale breccia zones, particularly those that occur at the intersection of known veins and crosscutting fault structures.
  • Silver Spruce Resources Inc., announced that its Phase 1 ground exploration program on the El Mezquite Au Project will be activated during the first week of August 2020. Silver Spruce plans to conduct geological mapping on the entire property and additional rock sampling. It also will use the Terraspec hyperspectral tool for definition of alteration intensity of silicate, carbonate and hydrous oxide species. The mapping also will document any structural data which may be correlated with the known geophysical trends, and applied to the interpretation of the property-wide mapping. In addition, the company also will initiate scheduling for the requisite environmental permitting for drilling access and pads.
  • Vizsla Resources Corp., added a fourth drill rig at its Panuco project in Sinaloa, to test new targets on the Napoleon, Cordon del Oro and Animas vein corridors.
  • Mithril Resources Limited commenced a fully funded 5,000m drilling program at its Copalquin project which is expected to run until the end of 2020. This program has already started at the high-grade Au-Ag La Soledad-Refugio-Cometa targets, and will move to other targets such as Los Pinos, Los Reyes, and San Manuel-La Constancia.

ON MINING

  • Capstone Mining Corp., reported production results from its Cozamin mine in Zacatecas for the period Q2, 2020. The company produced 8.3M Lb Cu at a cash cost of $0.98 per Lb.
  • Coeur Mining Inc., released Q2, 2020 production and financial results from its Palmarejo mine in Chihuahua. The company processed 269,641 tonnes of 2.18 g/t Au and 139 g/t Ag, with metallurgical recoveries of 86% and 72.2% respectively, to produce 15.2K Oz Au and 867K Oz Ag. Costs applicable to sales were USD $686 and $8.13 per Oz Au and Ag respectively.
  • Consolidated Zinc Ltd., mined 2,575 tonnes of 16.6% Zn, 9.5% Pb, and 66 g/t Ag and processed 2,201 tons of 16.6% Zn, 9.2% Pb, and 64 g/t Ag to produce 515.9K Lb Zn, 185.2K Lb Pb, and 30 Oz Ag, at a cash cost of $0.84 per Lb Zn. The company sold in this quarter 541 tonnes of Zn concentrate and 201 tonnes of Pb concentrate.
  • Fresnillo plc., announced production results from their Mexican operations for the period Hi, 2020. At Fresnillo mine, Zacatecas, the company processed 1,194,905 tonnes of 0.72 g/t Au, 196 g/t Ag, 1.14% Pb, and 2.12% Zn to produce 19.7K Oz Au, 6.8M Oz Ag, 25.3M Lb Pb, and 39.1M Lb Zn. At Saucito mine in Zacatecas, it processed 1,385,385 tonnes of 1.21 g/t Au, 210 g/t Ag, 1.02% Pb, and 1.84% Zn to produce 41.6K Oz Au, 8.14M Oz, 26.4M Lb Pb, and 39.12M Lb Zn. At Pyrites Plant in Zacatecas, the company processed 80,502 tonnes of 2.11 g/t Au and 252 g/t Ag to produce 1,795 Oz Au and 505K Oz Ag. At Cienega in Durango, it processed 657,893 tonnes of 1.65 g/t Au, 163 g/t Ag, 0.75% Pb, and 1.24% Zn to produce 32.4K Oz Au, 2.97M Oz Ag, 7.14M Lb Pb, and 10.8M Lb Zn. At San Julian Veins in Chihuahua-Durango border, the company processed 621,973 tonnes of 1.58 g/t Au and 115g/t Ag to produce 30.2K Oz Au and 2.1M Oz Ag while at San Julian Disseminated Ore Body, it processed 1,101,489 tonnes of 0.08 g/t Au, 137 g/t Ag, 0.39% Pb, and 1.1% Zn to produce 1,293 Oz Au, 4.15M Oz Ag, 7.5M Lb Pb, and 19.8M Lb Zn. At Herradura mine in Sonora. 8,130,282 tonnes of 0.82 g/t Au and 4 g/t Ag were processed to produce 205.7K Oz Au and 824K Oz Ag. At Noche Buena mine in Sonora, the company processed 3,330,054 tonnes of 0.54 g/t Au and 0.4 g/t Ag to produce 48.7K Oz Au and 19K Oz Ag. Consolidated results of the company were 383.3K Oz Au, 26.8M Oz Ag (including 1.3M Oz silverstream), 66.3M Lb Pb, and 108.9M Lb Zn. Total revenues of USD $ 1,054.2M, adjusted revenues of USD $1,125.1M, cost of sales of USD $733M, exploration expenses of USD $50.7M, and EBIDTA of USD $469.9M, and a profit for the period of USD $56.5M.
  • Newmont Corporation reported that 510K Oz Au, 28M Oz Ag, 190M Lb Pb, and 360M Lb Zn (880 Oz AuEq) were produced at its Peñasquito mine in Zacatecas during Q2, 2020, at cash cost and AISC of $565 and $770 per Oz Au produced respectively.
  • Starcore International Mines Ltd., released year end 2020 results from its San Martin mine in Queretaro. The company processed 229,800 tonnes of 1.82 g/t Au and 30.5 g/t Ag with metallurgical grades of 87.7% and 54.4% respectively, to produce 11.8K Oz Au and 121.8K Oz Ag (13-1K Oz AuEq) at cash and AISC of USD $66 and USD $1,149 per tonne milled respectively.
  • Sierra Metals Inc., announced restart of production at its Cusi mine in Chihuahua since it had remained in care and maintenance since April 1, 2020, due to the government-mandated shutdown to contain the advancement of COVID-19.

ON FINANCING

  • Advance Gold Corp closed its previously announced private placement for gross proceeds of $720K. Net proceed will be used for drilling its Tabasquena project in Zacatecas, as well as for general corporate purposes.
  • Aztec Minerals Corp., closed the final tranche of its private placement equity financing for gross proceeds of CAD $955K. Part of the net proceeds will be used to conduct exploration work on its Cervantes project in Sonora, and for general working capital purposes.
  • Golden Tag Resources Ltd., announced a non-brokered private placement financing led by Eric Sprott for aggregate proceeds of $5.6M. The offering is subject to an over-allotment option allowing Golden Tag to increase it to $7M, if fully exercised. Net proceeds will be used to fund advancement of its San Diego project in Durango, and for working capital and general corporate purposes.
  • Impact Silver Corp., pronounced a brokered private placement financing for CAD $6M (Zacualpan Mining District, Mexico State). Net proceeds will be used for exploration, development and general corporate purposes.
  • Kootenay Silver Inc., announced a private placement financing for gross proceeds of $5M. Net proceeds will be used for working capital requirements and other general corporate purposes (Columba and Copalito projects in Chihuahua and Sinaloa states respectively).
  • Silver Tiger Metals Inc., closed a non-brokered private placement for gross proceeds of $11M, including $4M from Eric Sprott. Net proceeds will be used to continue exploration work on its El Tigre project in Sonora, and for general working capital purposes.
  • Southern Silver Exploration Corp., reported a brokered offering of subscription receipts for aggregate gross proceeds of CAD $10M, and announced an additional CAD $4M equity raise. Net proceeds will be used to acquire an additional 60% indirect working interest (for a 100% indirect ownership) in the company’s flagship Cerro Las Minitas in Durango, and for general working capital purposes.
  • Stroud Resources Ltd., completed a non-brokered private placement financing for gross proceeds of $3M. Net proceeds will be used to advance the company´s exploration properties located in Mexico and for general working capital purposes (Santo Domingo project in Jalisco).
  • Sonoro Metals Corp., announced that it increased its non-brokered private placement financing for up to $5M with the potential to add up to $3M of additional proceeds under the overallotment option. Net proceeds will be used principally to fund company´s previously announced exploration and development plans at its Cerro Caliche project in Sonora and project property maintenance payments, and secondarily for corporate and general administrative expenses.
  • Gold Resource Corporation, declared July monthly dividend of one third of a cent per common share to their shareholders (Arista mine in Oaxaca).
  • Mag Silver Corp., signed an at the market offering sales agreement of common shares for gross proceed of up to USD $50M (Juanicipio project in Zacatecas). Net proceeds will be primarily used to fund the completion of construction at its Juanicipio project in Zacatecas, with any remainder to fund further exploration at Juanicipio and other projects, and for working capital and general corporate purposes.
  • Candente Gold Corp., applied to TSX for approval to extend the exercise period of 5M outstanding share purchase warrants issued pursuant to the private placement completed on August 2016. The amended expiry date was August 12th, 2020 and if the extension is approved, the new expiration date will be August 12th, 2021. (El Oro property in Mexico State).

ON RESOURCES AND DEVELOPMENT

  • Alamos Gold Inc., reported results of the positive internal economic study completed on its fully permitted La Yaqui Grande project located in the Mulatos mining district and announced that it will begin the development of the project. The Mineral Reserves as of December 2019 of La Yaqui Grande deposit are 19.2M tonnes of 1.17 g/t Au and 16 g/t Ag, containing 724K Oz Au and 9.8M Oz Ag. Additionally, Measured and Indicated Resources are 1.3M tonnes of 1.01 g/t Au and 8 g/t Ag, containing 43K Oz Au and 340K Oz Ag. Highlights of the economic study include an average Au production of 123K Oz Au per year; AISC of $578 per Oz Au; NPV of $165M at a 5% discount rate and an after tax IRR of 41% using a base case Au cost of $1,450 per Oz or  a NPV of  $260M at a 5% discount rate and an after tax IRR of 58% using a base case Au cost of $1,750 per Oz; mine life of five years; and an initial capital of $137M to be spent over a two year period starting in H2, 2020. From the total investment, between USD $15-$20M will be spent during 2020 and the rest during 2021 and the first semester of 2022. Part of the resources will be used to build a heap leach pad, waste dump, water treatment plant, as well as the installation of a crushing circuit.
  • GoGold Resources Inc., announced initial mineral resource estimate at its Los Ricos project in Jalisco, and updated the mineral reserve at the Parral Tailings operation, and the mineral resource estimate at its Esmeralda Tailings project located near Parral, Chihuahua. At Los Ricos South, measured & indicated resource are 10M tonnes of 0.91 g/t Au and 119 g/t Ag (2.27 g/t AuEq or 199 g/t AgEq) for a total of 293K Oz Au and 38.05 M Oz Ag (728K Oz AuEq or 63.7M Oz AgEq), and inferred resources of 3.3M tonnes of 0.88 g/t Au and 112 g/t Ag (2.17 g/t AuEq or 190 g/t AgEq) for a total of 93K Oz Au and 11.78 M Oz Ag (227K Oz AuEq or 19.9M Oz AgEq). Los Ricos South mineral resource is amenable to open pit and bulk underground mining methods, and will form the base of a PEA expected to be completed by the end of 2020. At Parral Tailings, proven + probable reserves are 15.4M tonnes of 0.34 g/t Au and 33 g/t Ag (0.72 g/t AuEq or 64 g/t AgEq) for a total of 171K Oz Au and 16.6M Oz Ag (358K Oz AuEq or 31.6M Oz AgEq). At La Esmeralda Tailings, measured and indicated resources are 5.72M tonnes of 0.26 g/t Au and 49 g/t Ag (72 g/t AgEq) for a total of 48.4K Oz Au and 9.1M Oz Ag (13.3M Oz AgEq).
  • Consolidated Zinc Limited advised that the environmental authority of Mexico has granted their approval for refurbishment of its Plomosas plant in Chihuahua, and construction and operation of the tailings storage facility (TSF). The company is finalizing the costing for the plant refit and TSF build and expect to advise the findings of the study this quarter.
  • Ridgestone Mining Inc., entered into a toll milling agreement to process bulk samples from historic dumps of the Alaska vein at its Rebeico project in Sonora. Highlights include a fixed-price toll mining agreement with nearby Real Viejo flotation mill for up to 300 tonnes per day, and bulk samples planned to process historical surface dump material grading up to 16.85 g/t Au and 2.70% Cu. In addition, Ridgestone has also received bids from mining contractors to rehabilitate historical underground workings along the Alaska vein to facilitate underground and bulk sampling of zones where drill-hole intervals assayed 36.1g/t Au and 1.22% Cu over 1.5m, and 8.31gT Au and 2.41% Cu over 3.25m in 2018.

ON DEALS AND CORPORATE ISSUES

  • Brigadier Gold Ltd., announced the appointment of its new special adviser (Picachos project in Sinaloa).
  • Santacruz Silver Mining Ltd., signed an option agreement with Grupo Peñoles to acquire the Zimapan property and related assets located in Zimapan, Hidalgo for a total consideration of USD $20M. Assets to be acquired pursuant to the Transaction include: The Zimapan mill facility which is a 75,000 dry metric tonnes (DMT) per month facility with zinc, lead and copper circuits; surface and underground infrastructure including electrical and other necessary infrastructure to carry on day to day operations; and 34 mining concessions covering an area of 5,139 hectares. To date, 14 mineral zones have been identified that are characterized as polymetallic replacement mineralization of Pliocene age. Within the mineral zones, Ag, Pb, Zn, and Cu minerals have preferentially replaced the carbonate host rocks and pre-existing skarn bodies to produce disseminated, semi-massive sulphide and massive sulphide bodies that occur in proximity to monzonitic intrusions and quartz-feldspar porphyry dikes.
  • Minera Alamos Inc., hired new VP project development and appointed new COO (Santana project in Sonora).
  • Consolidated Zinc Ltd., presented results from its annual general meeting of shareholders and advised that a new constitution was approved and adopted by shareholders (Plomosas mine in Chihuahua).
  • Candente Gold Corp., launched the “CEO Verified” Discussion Forum on AGORACOM. The forum will serve as the company’s primary social media platform to interact with both shareholders and the broader investment community in a fully moderated environment  (El Oro property in Mexico State).
  • Monarca Minerals Inc., announced that it is proposing to settle an aggregate of approximately $380.6K owing to certain officers and directors and services providers through the issuance of an aggregate of approximately 7,612,000 common shares at an issue price of CAD $0.05. The amount to be settled includes approximately $202K out of $350K in accrued directors’ fees and management and consulting fees owing to the company’s directors and officers, as the case maybe. (Tejamen project in Durango).
  • Telson Mining Corporation, provided an update on filing annual 2019 audited and Q1, 2020 financial statements. Telson expects to file the required annual and Q1, 2020 financials an MD & A by the July 30, 2020 deadline. (Tahuehueto project in Durango).

ON SOCIAL RESPONSIBILITY

  • The Municipal Water and Sanitation Board of Chihuahua (JMAS) is extracting water from the Esmeralda and Arbolito mines to feed a dam in Parral Chihuahua. The dam is currently at 13% of its capacity and in order not to cause ecological damage, it cannot be left dry. Water extracted from the mines also guarantees supply to a sector of the city.
  • Minera Peñasquito supplies water to 5 thousand people of the communities of Cedros, Mesas, Charcos, Nuevo Peñasco and Palmas. Regarding make water safe to drink, the company has four treatment plants, one inside the Peñasquito mine and three more outside, in the Cedros, Mesas and Charcos communities, from which potable water is distributed to the aforementioned localities.
  • Minera Saucito, a subsidiary of Fresnillo plc, received international certification for its commitment to the health and safety of its collaborators. The ISO 45001 Certificate: “Occupational health and safety management systems at work” was obtained from the international company BSI Group, based in the United Kingdom, whose services are: evaluating, certifying and training operating processes of different industries such as: mining, pharmaceutical, aerospace, entertainment, among others. The model stands out for its objective of reducing risks and injuries to collaborators derived from the processes associated with the exploration and exploitation of minerals. Minera Saucito is the first Fresnillo plc Unit to achieve this certification.
  • Minera Penmont (Fresnillo plc), implemented a health model for the safety of its workers in the face of the COVID-19 pandemic. The company has taken a series of multidisciplinary medical and health activities aimed at promoting a culture of disease prevention and control, and the elimination of risk factors at work. The effectiveness and implementation of this type of model is recognized by the World Health Organization and allows comprehensive care within the mine that is committed to the well-being and safety of the workforce.
  • Compañía Minera Cuzcatlán (Fortuna Silver), dissociated itself from the alleged environmental incident and reiterated its commitment to the communities in which it operates, following up on the community’s concern about physical changes in the water of two recently built grazing ponds in the Ocotillo area, in the municipality of Magdalena Ocotlán. Later on, the Federal Attorney for Environmental Protection (PROFEPA) announced that it carried out an inspection of the built grazing ponds in the Ocotillo area and demarcated mining company from any responsibility for the damages in the water pools in Ocotlán (San Jose mine in Oaxaca).

Content like what you have just read can be seen at https://gambusinoprospector.com/ and at LinkedIn’s Mexico Mineral Exploration Group.

On the picture above, quartz veins in a low sulphidation epithermal system in a prospect in Oaxaca, Mexico.  Photo by Miguel A Heredia.

Silver Spruce Announces Phase 1 Exploration on El Mezquite Au Project, Sonora, Mexico

Silver Spruce Resources_28072020

BEDFORD, NS / ACCESSWIRE / July 27, 2020 / Silver Spruce Resources Inc. (TSXV:SSE)(Frankfort:S6Q1) (“Silver Spruce” or the “Company”) is pleased to announce that its Phase 1 ground exploration program on the El Mezquite Au Project will be activated during the first week of August 2020. Silver Spruce recently signed a binding Option Agreement with Colibri Resource Corp. (the “Vendor”) to acquire 50% interest in its wholly owned Mexican subsidiary Yaque Minerales S.A de C.V. (“Yaque”) which holds the El Mezquite Gold project (“the Property”), a drill-ready precious metal project located 10 km northwest of the town of Tepoca, and 170 km southeast of the capital city of Hermosillo, eastern Sonora, Mexico.

Carlyle Commodities Corp. Mobilizes Crews for Phase 1 Exploration Program at the Cecilia Gold-Silver Project in Sonora, Mexico

Carlyle_24072020

Vancouver, British Columbia–(Newsfile Corp. – July 24, 2020) – CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE: 1OZ) (OTC Pink: DLRYF) (“Carlyle” or the “Company“) is pleased to announce that it has mobilized crews for Phase 1 of its 2020 exploration program at the 7,739 hectare Cecilia Gold-Silver Project located in the State of Sonora, Mexico. The property is optioned from Riverside Resources Inc (TSXV: RRI), (OTCQB: RVSDF) (FSE: R99) with business terms announced last week with the signing of Definitive Agreement and now the Phase 1 exploration program outlined. The property is well located in the highly metal endowed northern part of Sonora state gold-silver belt with nearby mining operations including Cananea Copper Mine and Santa Gertrudis Gold Mine.

Evrim Resources creates two new gold royalties in Mexico

Evrim Resources _24072020

Vancouver, B.C. July 24, 2020 (TSX-V: EVM) Evrim Resources Corp. (“Evrim” or the “Company”) is pleased to announce that it has entered into an agreement with a private Mexican company to sell two non-core exploration properties in northwestern Mexico in exchange for net smelter return royalties (“NSR”).  Evrim will transfer a 100% interest in the La Lola and Cumaro properties in exchange for a respective 2% NSR and 1% NSR on any future production.  Evrim has also obtained a future right of a 0.5% NSR on 7,053 hectares of prospective ground known as the Picacho claims, should the claims be acquired by the private Mexican company.

The Mining and Exploration News in Mexico: Highlights on the Third Week of July, 2020.

 

Argillic alteration

By Miguel A Heredia

During the twenty nine week of the year (July 13th to July 19th, 2020), at least 47 press releases were announced by companies working in Mexico, with ten communicating production and financial results, nine commenting on Mexican issues, eight announcing financial rounds, seven informing on exploration results, five disclosing deals and corporate issues, four reporting on resources and developments, and four discussing on social issues. ON MEXICO ISSUES, Claudia Pavlovich and Hector Astudillo, governors of Sonora and Guerrero respectively, asked the Ministry of Economy to reconsider returning to the support that was granted to the municipalities with the Mining Fund. Jose Ignacio Peralta Sanchez, governor of Colima state requested the reactivation of The Mining Fund. Karen Flores, Director of the Mexican Mining Chamber (CAMIMEX), stated that 16% of the workforce in the Mexican mining industry is occupied by women. The Secretary of Economic Development of Michoacan, Jesus Melgoza Velazquez, announced that the regional committee of the Mining Fund for the Development of Mining Areas was reactivated after approximately two years.  Fernando Alanis, president of the Mexican Mining Chamber (CAMIMEX) declared that the mining sector in the country is at risk of contracting if new concessions are not granted.  Torex Gold plans additional investment of USD $ 500M in Mexico but asked the government for certainty. The Ministry of Labor and Social Security (STPS) reported that it is in preparation for the next stage of the rescue of the miners who were trapped in the Pasta de Conchos mine in Coahuila 14 years ago. The Zacatecas Mining Cluster (Clusmin) and its members started the construction of the Compatible Mining Center in Zacatecas. Minera Esperanza Silver (Alamos Gold Inc.) reaffirmed its commitment with Mexico. ON EXPLORATION, In Sonora, Colibri concluded its current phase of field work at its Evelyn project and planed the next phase trenching program, Ridgestone reported drill results from the three first holes collared at its Rebeico project, Minaurum commenced phase II drilling at its Alamos Silver project, and Silver Viper reported results from four holes drilled at its La Virginia project. In Chihuahua, Kootenay released drill results from its Columba project, and Consolidated Zinc provided an exploration update on its Potrero and Don Lucas prospects.  In Sinaloa, Vizsla expanded the exploration program at its Panuco project and added a third drill rig.  ON MINING, Aura, Avino, Consolidated Zinc, First Majestic, Fortuna, GoGold, Gold Resource, McEwen, Santacruz and Sierra Metals reported Q2, 2020 production results from their Mexican operations. ON FINANCING, Aztec Minerals closed the first tranche of its private placement for gross proceeds of CAD $2.12M (Cervantes project, Sonora). Silver Tiger announced a plan to conduct a non-brokered private placement for gross proceeds of up to $11M (El Tigre project, Sonora). Tarachi Gold announced it intends to complete a non-brokered private placement for net proceed of up to CAD $5M (Tarachi project, Sonora).  Xtierra closed its previously announced private placement for gross proceeds of $1M (Bilbao project, Zacatecas). Mammoth announced lifting of management cease trade order and issuance of shares for debt and incentive options (Tenoriba project, Chihuahua). Mexus announced that the company satisfied a $57K note payable by way of conversion (Santa Elena mine, Sonora). Telson announced that further to its application for a management cease trade order, which was granted by the British Columbia Securities Commission, it has been required to provide bi-weekly status reports (Tahuehueto project, Durango). One World Lithium announced that it will continue providing bi-weekly updates following a management cease trader order granted for the British Columbia Securities Commission (Salar del Diablo project, Baja California Norte). ON RESOURCES AND DEVELOPMENT, Endeavour announced a final PFS on its Terronera mine in Jalisco. GR Silver resumed the surface drilling at its Plomosas project in Sinaloa.  Prime Mining provided an update regarding the initial phase of exploration planned on its Los Reyes project in Sinaloa. Minera Alamos provided mid-year construction update at its Santana project in Sonora.  ON DEALS AND CORPORATE ISSUES, Carlyle entered in an option agreement with Riverside to purchase 100% interest in the Cecilia project in Sonora.  Golden Minerals signed a letter of intent with Fabled Copper to sell its Santa Maria project in Chihuahua. Minera Alamos announced the appointment of a new member to its board of directors (Santana project, Sonora). Oroco announced the appointment of a director to join to its board of directors (Santo Tomas project, Sinaloa). ON SOCIAL RESPONSIBILITY, Fresnillo plc continues to implement sanitary measures in its work centers and support the communities surrounding the operations. Grupo Peñoles supported the donation of bed-chairs for Coahuila hospitals. MSX (New Gold Inc.) donated pantries to vulnerable population in the communities of Cerro de San Pedro, San Luis Potosi, as well as personal protection equipment to hospitals. Camino Rojo S.A. de C.V. (Orla Mining Ltd.) continued helping communities and government agencies where it operates to mitigate the risk of the COVID-19 pandemic.

 ON MEXICO ISSUES

  • Claudia Pavlovich and Hector Astudillo, governors of Sonora and Guerrero respectively, asked the Ministry of Economy to reconsider returning to the support that was granted to the municipalities with the Mining Fund. The governor of Guerrero said that the Mining Fund can be used to reactivate the economy in the most affected regions by the unemployment of the industry due to the COVID-19 pandemic, as well as to attend to the population affected by the virus, as well as for medical care and medicines. The governor of Sonora said that this support marked a before and after in the municipalities where the resources were applied, and stated that the Mining Fund should be reconsidered to promote the development of the municipalities. In addition, governors of Coahuila, Durango and Chihuahua highlighted the importance of mining activity in their states.
  • José Ignacio Peralta Sanchez, governor of Colima state asked the Undersecretary of Mining, Francisco Jose Quiroga Fernandez, to resume Mining Funds pending from some years ago, since due to the current economic conditions is when this resource is most required. The governor stressed that mining is an engine for the entity’s economy, since it has important productive chains, which makes it a strategic sector.
  • Karen Flores, Director of the Mexican Mining Chamber (CAMIMEX), stated that 16% of the workforce in the Mexican mining industry is occupied by women. She argued that although it seems a minority figure, its increase has been exponential. She also commented that Mexican mining adheres to the agreements of the 2030 agenda of the United Nations (UN) in two of its main objectives, such as the reduction of inequality and gender equity.
  • The Secretary of Economic Development of Michoacan, Jesus Melgoza Velazquez, announced that the regional committee of the Mining Fund for the Development of Mining Areas was reactivated after approximately two years. The Mining Fund will allow physical infrastructure works to be carried out in municipalities with mining activity such as Tlalpujahua, Tzitzio, Tuzantla, Huetamo, Villa Madero, La Huacana, Arteaga, Coalcoman, Aquila and Lazaro Cardenas. Since the creation of the regional committee of the mining fund in 2014, MXP $171M have been earmarked for the realization of 61 projects such as paving works for streets and roads, construction of sanitary landfills, infrastructure for the drinking water service, sewerage and water treatment plants, placement of LED street lights, construction of classrooms, roofs and civic patios in schools.
  • Fernando Alanis, president of the Mexican Mining Chamber (CAMIMEX), declared that the mining sector in the country is at risk of contracting if new concessions are not granted. Alanis recalled the importance of mining activity, in order to continue the 370,000 direct jobs and 2-3 millions of indirect jobs generated by this sector, in addition to the fact that for each hectare concessioned under active exploitation, it has a spill of MXP $22,829M. He also said that between 2016 and 2019 the sector paid MXP $174,500M for taxes.
  • Jody Kuzenko, President & CEO of Torex Gold Resources Inc., declared that it plans additional investments of USD $ 500M in Mexico in the construction and commissioning of its Media Luna project in Guerrero but asked the government for certainty in key areas such as in the rule of law and in economic policies to keep its investment projects.
  • The Ministry of Labor and Social Security (STPS), reported that it is in preparation for the next stage of the rescue of the remains of the 65 miners who were trapped in the Pasta de Conchos mine in Coahuila 14 years ago.
  • The Zacatecas Mining Cluster (Clusmin) and its members, started the construction of the Compatible Mining Center in Zacatecas, which is expected to take a year. The Compatible Mining Center aims to promote the development of science, the use of the latest technology and promote innovation for the development of specific purpose applications in the mining environment in the areas of occupational health, physical and psychological safety of workers, and protection of the environment in mining operations in the state of Zacatecas.
  • Minera Esperanza Silver (Alamos Gold Inc.), reaffirmed its commitment with Mexico and highlighted the enormous opportunity for Morelos to be part of the mining sector and the national extractive industry, which is equivalent to 8.3% of industrial GDP. The spokesperson for the Esperanza Silver mining company in Mexico, responsible for the Esperanza project, located in the municipality of Temixco stated that Temixco is shaping up to be one of the mining municipalities in Mexico, where well-being and possibilities for economic and social development are imminent and we must prepare for it.

ON EXPLORATION

  • Colibri Resource Corporation, concluded the current phase of field work and released mapping and sampling results from its Evelyn project in Sonora. A total of 40 grab samples were collected, 9 of which returned grades greater than 0.1 g/t Au, including 4 running more than 1 g/t Au, with a peak value of 8.4 g/t Au at the Cerro Rojo target area. The high-grade samples all consist of quartz vein, veinlets, and quartz breccia with oxidized pyrite and goethite. Colibri plans the next phase on trenching at its Evelyn project.
  • Ridgestone Mining Inc., reported drill results from the three first holes collared at its Rebeico project in Sonora. 1,674m were completed on the New Year Zone to investigate the subsurface extent of significant gold and copper mineralization previously sampled on surface. Significant drill intersections were encountered in hole 20REB013D with 2.13 g/t Au and 1.79% Cu over a width of 16.25m, including 5.25 g/t Au and 1.46% Cu over a width of 4.35m. Holes 20REB014D and 20REB015D intersected 0.25% Cu and 0.19%Cu over a width of 16.2m and 10.9m respectively.
  • Minaurum Gold Inc., commenced phase II drilling program at its Alamos Silver project in Sonora with a minimum of 20,000m. This phase will involve systematically stepping out from discoveries made during Phase I drilling beginning with two drill rigs. “One drill will offset the Europa-Guadalupe discovery hole (AL17-007) which returned 8.25 m grading 1,760 g/t Ag. The other drill will test targets at Promontorio, both along the vein trend and beneath the Promontorio mine where recently acquired historical data revealed holes that returned up to 12.2 m grading 710 g/t Ag”.
  • Silver Viper Minerals Corp., reported results from four new drill holes at La Virginia, two from the El Rubi discovery area and two from the exploration prospect, Macho Libre. Significant drill intersections were encountered in hole LV20-234 collared at El Rubi with 2.05 g/t Au and 11 g/t Ag over a true width (TW) of 4.26m, including 3.59 g/t Au and 16 g(/t Ag over a TW of 1.18m; hole LV20-231M drilled at Macho Libre with 0.63 g/t Au and 24 g/t Ag over a TW of 11.76m, including 1.07 g/t Au and 54 g/t Ag over a TW of 3.60m; and hole LV20-233M drilled at Macho Libre with 1.41 g/t Au and 26 g/t Ag over a TW of 0.90m. Drilling at the El Rubi Discovery Zone continues to expand the system and the rig is being mobilized to a second exploration target named Rubi East.
  • Kootenay Silver Inc., released results from five drill holes collared at its Columba project in Chihuahua. These holes are step outs along strike and to depth from high-grade intercepts previously reported in the Phase-II drill campaign. Significant drill intersections were encountered in hole CDH-20-052 with 199 g/t Ag, 0.08% Pb, and 0.27% Zn over 7.53m, including 279 g/t Ag, 0.11% Pb, and 0.38% Zn over 4.08m, and including 601 g/t Ag, 0.03% Pb, and 0.12% Zn over 1.23m within the F Vein; hole CDH-20-053 with 116 g/t Ag, 0.11% Pb, and 0.24% Zn over 34m, including 175 g/t Ag, 0.17% Pb, 0.37% Zn over 11m, including 496 g/t Ag, 0.55% Pb, and 0.91% Zn over 3m, including 620 g/t Ag, 0.35% Pb, 0.9% Zn over 2m, including 753 g/t Ag, 0.38% Pb, and 1% Zn over 0.95m in F Vein and Hanging Wall structure; and hole CDH-20-054 with 158 g/t Ag, 0.4% Pb, and 0.35% Zn over 5m, including 319 g/t Ag, 0.18% Pb, and 0.5% Zn over 1.8m in F Vein.
  • Consolidated Zinc Limited, provided an exploration update on its Potrero and Don Lucas prospects in Chihuahua and has reserved $600K for exploration field work this year. The company has continued its Au exploration with desktop studies which has established targets and defined a scope of work for immediate commencement of field mapping, sampling and drilling in the current field season.
  • Vizsla Resources Corp., expanded the exploration program at its Panuco project from 14,500m of drilling to 31,100m and added a third rig, which has already commenced to drill. In addition, a fourth drill rig is expected to arrive at the beginning of August. “Third and fourth drill rigs will test exploration targets including the strike extensions of the Napoleon vein corridor, the Tajitos vein, the San Carlos mine at Animas and additional targets along the Cordon del Oro vein corridor”. Drilling is continuing at the high-grade Napoleon discovery with drill hole NP-20-14 in progress. Drilling is testing to the south and down dip of the discovery hole NP-20-02 before moving back north to test vein extension near hole NP-20-07. The updated July-December exploration program is estimated to cost approximately $6.9 M.

 ON MINING

  • Aura Minerals Inc., presented Q2, 2020 production results from its Aranzazu mine in Zacatecas. It produced 5K Oz Au, 91.6K Oz Ag, and 6.2M Lb Cu (14,748 Oz AuEq).
  • Avino Silver & Gold Mines Ltd., announced that it processed 40,190 tonnes of 0.40 g/t Au, 49 g/t Ag and 0.58% Cu at metallurgical recoveries of 79%, 90% and 90% respectively, to produce 404 Oz Au, 50.6K Oz Ag, and 459.8K Lb Cu (158.3K Oz Ag) during the period Q2,2020 from its Avino mine in Durango.
  • Consolidated Zinc Limited, reported that Zn-Pb grades exceeding 25% and 8% respectively are being encountered at the newly opened up Las Espadas underground area while the semi-oxidized ore continues to be mined and delivered at rates of above 15o tonnes per day. At its Aldama plant, it has achieved record availability to July 10 2020 of 94.5% while the recoveries are improving above performance thanks to the effort of the technical team.
  • First Majestic Silver Corp., presented production results for the period Q2, 2020 from their Mexican operations. The table below shows mine by mine production figures:

At the end of Q2, 14 exploration drill rigs were active across the company’s projects consisting of 11 rigs at San Dimas, two rigs at Santa Elena and one rig at La Encantada. The company anticipates adding seven additional rigs in Q3 with a primary focus on the regional potential around Santa Elena.

  • Fortuna Silver Mines Inc., released Q2, 2020 production results from its San Jose mine in Oaxaca. The company milled 160,151 tonnes of 1.42 g/t Au and 220 g/t Ag at metallurgical recoveries of 90.91% and 90.84% respectively to produce 6,654 Oz Au and 1.03M Oz Ag, at cash cost of USD $66/ton.
  • GoGold Resources Inc., presented production results from its Parral Tailings project in Chihuahua for the period Q2, 2020. The company produced 1,914 Oz Au, 270K Oz Ag, and 233K Lb Cu (504.4K Oz AgEq).
  • Gold Resource Corporation, announced preliminary production results from its Oaxaca Mining Unit in Oaxaca. It produced 2,441 Oz Au, 185.3K Oz Ag, 551K Lb Cu, 2.56M Lb Pb, and 6.75M Lb Zn during the period Q2, 2020.
  • McEwen Mining Inc, produced in Q2, 2020 from its El Gallo mine in Sinaloa over 1,900 Oz AuEq from residual leaching of the heap leach pad.
  • Santacruz Silver Mining Ltd., released Q2, 2020 production and financial results from its Mexican operations. At Zimapan, Hidalgo the company milled 139,903 tonnes to produce 829,514 Oz AgEq from which 626,984 were sold, at cash cost per tonne and for Oz AgEq of $48.15 and $16.53 respectively, and AISC of $17.57 per Oz AgEq. At Veta Grande, Zacatecas, it milled 11,095 tonnes to produce 64,870 Oz AgEq from which 47,854 were sold, at cash cost per tonne and for Oz AgEq of $148.36 and $39.54 respectively, and AISC of $46.34 per Oz AgEq. At Rosario, San Luis Potosi, the company milled 17,497 tonnes to produce 73,251 Oz AgEq from which 61,111 were sold, at cash cost per tonne and for Oz AgEq of $62.12 and $23.47 respectively, and AISC of $29.01 per Oz AgEq.
  • Sierra Metals Inc., announced production results from its Bolivar mine in Chihuahua for the period Q2, 2020. Cusi mine remained in care and maintenance throughout Q2, 2020. At Bolivar mine, the company processed 308,951 tonnes of 0.30 g/t Au, 26 g/t Ag, and 0.93% Cu at metallurgical recoveries of 63.79%, 82.80%, and 87.09% respectively, to produce 1,912 Oz Au, 214K Oz Ag, and 5.54M Lb Cu. “At Cusi mine, Chihuahua, development is currently on-going in a zone that will bypass the previously announced area of subsidence and provide access to higher-grade economic ore to provide feed for the mill. Production is expected to recommence after the mine development work is completed and once a process can be implemented at the mine to mitigate risk to employees at the site through a testing and quarantine methodology similar to the company’s other operations”.

 

ON FINANCING

  • Aztec Minerals Corp., closed the first tranche of its private placement for gross proceeds of CAD $2.12M. Part of the gross proceeds will be used to conduct exploration work at its Cervantes project in Sonora, and for general working capital purposes.
  • Silver Tiger Metals Inc., announced a plan to conduct a non-brokered private placement for gross proceeds of up to $11M. Net proceeds will be primarily used for further exploration at its El Tigre project in Sonora.
  • Tarachi Gold Corp., announced it intends to complete a non-brokered private placement for net proceeds of up to CAD $5M. Gross proceeds will be used for exploration of its Tarachi project in Sonora, corporate development, and general working capital purposes.
  • Xtierra Inc., closed its previously announced private placement for gross proceeds of $1M. Nett proceeds will be used to expand and diversify its royalty portfolio into Canada, USA and other mining friendly jurisdictions (Bilbao project, Zacatecas).
  • Mammoth Resources Corp., announced lifting of management cease trade order and issuance of shares for debt and incentive options. The company has yet to file its Q1, 2020 financial statement and Management Discussion & Analysis which were due on June 30, 2020. It expects to file these statements shortly (Tenoriba project, Chihuahua). Mammoth also announced the issuance of 2,503,000 common shares to settle a total of $87,605 in related party and third party debts.
  • Mexus Gold US, announced that the company satisfied a $57K note payable by way of conversion. In addition, Mexus’ audit obligation has been met with the audit expected to be completed in the next 7 days. The audit process was delayed due to the company moving from an exploration company to a production company (Santa Elena mine, Sonora).
  • Telson Mining Corporation, announced that further to its application for a management cease trade order, which was granted by the British Columbia Securities Commission on June 16, 2020, it has been required to provide bi-weekly status reports in accordance with the alternative information guidelines in National Policy 12-203 management cease trade orders, until such time as the company has completed and filed its audited annual financial statements and management’s discussion and analysis in respect of the financial year ended December 31, 2019 (Tahuehueto project, Durango).
  • One World Lithium Inc., announced that it will continue providing bi-weekly updates following a management cease trader order granted for the British Columbia Securities Commission. The company anticipated that the annual filings and the quarterly filings will be filed on or before July 30, 2020 (Salar del Diablo project, Baja California Norte).

ON RESOURCES AND DEVELOPMENT

  • Endeavour Silver Corp., announced a final PFS on its Terronera mine in Jalisco. Base case highlights of the PFS include a NPV 5% of $137M, and IRR of 30%, annual production average of 3M Oz Ag and 32.8K Oz Au (5.9M OZ AgEq) over an initial  10 year mine life, a cash cost and AISC of $0.004 and $2.10 per Oz Ag net of the Au credit respectively, Initial and sustaining capital expenditures of $99M and $60M respectively, a payback period of 2.7 years, and a Pre-Tax and After-Tax undiscounted free cash flow of $315M and $217M respectively.
  • GR Silver Mining Ltd., restarted the 4,500m surface drilling at its Plomosas project in Sinaloa with three drill rigs which is expected to continue through 2020. This drill program is focused on shallow drilling (up to 150m below surface) to expand the known mineralized zones along strike at Plomosas mine and San Juan-La Colorada areas, and follow-up drilling on several new high grade Au-Ag low sulphidation epithermal veins occurrences at the Yecora and El Saltito. Additionally, GR Silver will commence recon work on 11 priority targets identified to contain potential for new discoveries.
  • Prime Mining Corp., provided an update regarding the initial phase of exploration planned on its Los Reyes project in Sinaloa. Focus of the phase 1 program is to upgrade and expand the current mineral resource, test identified zones of high-grade, and advance the understanding of the geology and structural controls of the known deposits of the property. The program is expected to cost approximately $6M and has a targeted completion date of late Q1, 2021.
  • Minera Alamos Inc., provided mid-year construction update at its Santana project in Sonora. The company announced that the heap leach pad area has been cleared of all vegetation and is undergoing contouring ahead of clay placement and the pad liner installation, and that the bypass road construction at either end of the heap leach pad area is underway; reported that the explosive storage & detonator bunkers are awaiting final inspection from the Mexican authorities ahead of the explosive permit issuance; and that the fabrication of the plant carbon columns is complete with work underway for the remaining plant steel structure.

ON DEALS AND CORPORATE ISSUES

  • Carlyle Commodities Corp., entered into an option agreement with Riverside to earn 100% interest in the Cecilia project in Sonora. In order to purchase 100% interest in the Cecilia property, Carlyle has to make aggregate cash payments of $200K over 3 years to Riverside, issue 1.5M common shares, issue 3M non-transferable special warrants, and incur an aggregate of $2.5M in exploration expenditures. Riverside will retain a 2.5% NSR.
  • Golden Minerals Company, signed a letter of intent with Fabled Copper Corp., to sell its Santa Maria project in Chihuahua. The Agreement provides a 10-calendar day period during which Fabled will conduct its due diligence. If Fabled executes the option agreement to acquire 100% interest in Santa Maria property, it has to make a cash payment of USD $0.5M and issue 1M Fabled common shares, USD $1.5M in cash 12 months after closing of the transaction, USD $2M in cash 24 months after closing of the transaction, and upon Fabled exercises the option, it will grant to Golden a 1% NSR.
  • Minera Alamos Inc., announced the appointment of a new member to its board of directors (Santana project, Sonora).
  • Oroco Resource Corp., announced the appointment of a new member to join to its board of directors (Santo Tomas project, Sinaloa).

ON SOCIAL RESPONSIBILITY

  • Fresnillo plc, continues to implement sanitary measures in its work centers and support the communities surrounding its operations in Fresnillo, Saucito, Juanicipio in Fresnillo, Zacatecas, Orisyvo in Uruachic, Chihuahua, Herradura, Noche Buena and Centauro in Caborca, Sonora, San Julian and Cienega in Durango, and in Torreon, Coahuila. . The company donated a last-generation respirator and medical protection equipment such as N-95 respirators, latex gloves, disinfectant gel, disposable gowns, disposable face masks, face masks, and disposable surgical face masks to the General Hospitals of the Mexican Institute of Social Security (IMSS), as well as thousand food pantries. With these actions, Fresnillo plc, belonging to the Mexican corporate Grupo BAL, joins the commitment to health care, with the purpose of guaranteeing the well-being of families and the population that lives in the areas surrounding its operations.
  • Grupo Peñoles, through contributions made by employees to the service of Met-Mex Peñoles, supported the donation of bed-chairs to Coahuila hospital to support those who deserve decent living conditions.
  • MSX (New Gold Inc.), donated pantries to vulnerable population in the communities of Cerro de San Pedro, San Luis Potosi, as well as personal protection equipment to hospitals designated as medical centers to care for patients with COVID-19.
  • Camino Rojo S.A. de C.V. (Orla Mining Ltd.), continued helping communities and government agencies providing support in sanitary filters installed in the border of Zacatecas with the different states; donated pantries during the months of April, May and June containing products from the basic basket which are intended to contribute to the economy of families in the communities of influence, which are San Tiburcio, Berrendo and San Francisco de los Quijano.

Content like what you have just read can be seen at https://gambusinoprospector.com/ and at LinkedIn’s Mexico Mineral Exploration Group.

On the picture above, argillic alteration related to a porphyry copper system in a prospect in Michoacan, Mexico.  Photo by Miguel A Heredia.

Silver Viper Minerals Provides Drilling Results From La Virginia

SilverViper16072020

VANCOUVER, BCJuly 16, 2020 /CNW/ – Silver Viper Minerals Corp. (the “Company” or “Silver Viper“) (TSX-V: VIPR) is pleased to provide results from four new drill holes at La Virginia, two from the El Rubi discovery area and two from  the exploration prospect, Macho Libre.  As systematic exploration continues along trend at El Rubi, the initial test of Macho Libre is now complete with results from six holes still awaited.  The exploration drill is currently moving from Macho Libre to Rubi East prospect.

MEXICAN GOLD MINING ANNOUNCES THE COMMENCEMENT OF A 10,000 METER PROGRAM TO AGGRESSIVELY DRILL TEST ALL TARGETS AT LAS MINAS

nr-2020-07-07

Mexican Gold Mining Corp. (the “Company” or “Mexican Gold”) (TSXV: MEX) is pleased to announce that a 10,000 meter drill program is underway at Las Minas, designed to follow up on the discovery made in 2019 at the Cinco Senores Vein target, as well as to test 3 other high priority exploration targets at the project. Additionally, expansion and upgrade drilling is planned to optimize the current resource at El Dorado for inclusion in the upcoming Preliminary Economic Assessment (“PEA”).