Tres Cruces

Steppe Gold Announces 2023 Annual Financial Results

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Monday, April 1, 2024
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ULAANBAATAR, Mongolia, April 01, 2024 (GLOBE NEWSWIRE) -- Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (“Steppe Gold” or the “Company”) is pleased to announce its financial results for the year ended December 31, 2023.

Key Points: 
  • ULAANBAATAR, Mongolia, April 01, 2024 (GLOBE NEWSWIRE) -- Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (“Steppe Gold” or the “Company”) is pleased to announce its financial results for the year ended December 31, 2023.
  • Average realized prices for the three months and year ended December 31, 2023 were $1,977 and $1,948 per gold ounce and $20 and $21 per silver ounce, respectively.
  • All in Sustaining Cost was $1,281 and $1,140 per ounce sold for the three months and year ended December 31, 2023, respectively.
  • The Company’s consolidated financial results for the year ended December 31, 2023 have been filed on SEDAR+.

Steppe Gold Files Updated Preliminary Economic Assessment for the Tres Cruces Oxide Gold Project

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Tuesday, August 22, 2023
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ULAANBAATAR, Mongolia, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (“Steppe Gold” or the “Company”) is pleased to announce the filing of an updated preliminary economic assessment (the “Technical Report”) regarding its 100% owned Tres Cruces Oxide Gold Project located in Peru (“Tres Cruces”).

Key Points: 
  • ULAANBAATAR, Mongolia, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (“Steppe Gold” or the “Company”) is pleased to announce the filing of an updated preliminary economic assessment (the “Technical Report”) regarding its 100% owned Tres Cruces Oxide Gold Project located in Peru (“Tres Cruces”).
  • Chairman and CEO of Steppe Gold, Bataa Tumur-Ochir commented, “We are delighted to announce this updated technical study for the Tres Cruces project.
  • Tres Cruces is strategically located in a highly prospective geological belt that hosts the Lagunas Norte and La Arena mines, both with multi-million ounce gold production.
  • The Tres Cruces deposit contains oxide plus sulphide indicated resources of 2,474,000 ounces with a grade of 1.65 g/t gold, inclusive of 630,000 ounces contained within leachable gold oxide mineralization with a grade of 1.28 g/t gold.

JV Article: Precious metals producer Steppe Gold is set for growth as Mongolia is back on investors' radars

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Monday, August 7, 2023
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STEPPE GOLD

Key Points: 
  • STEPPE GOLD
    Bataa Tumur-Ochir, co-founder and CEO and chairman of Steppe Gold.
  • STEPPE GOLD
    Steppe Gold is the only TSX-listed precious metals producer in Mongolia after Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) acquired Turquoise Hill Resources for US$3.3 billion to simplify its ownership in the world-class Oyu Tolgoi mine.
  • In June, Steppe Gold closed the acquisition of Canadian miner Anacortes Mining Corp. and its Tres Cruces gold project in Peru.
  • While Steppe Gold isn't planning any further expansion into South America in the near future, it does plan to invest in Mongolia.

OTC Markets Group Welcomes Anacortes Mining Corp. to OTCQX

Retrieved on: 
Thursday, June 23, 2022
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NEW YORK, June 23, 2022 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Anacortes Mining Corp. (TSX-V: XYZ; OTCQX: XYZFF), a company which owns a 100-per-cent interest in the Tres Cruces gold project located in Northern Peru, has qualified to trade on the OTCQX Best Market.

Key Points: 
  • NEW YORK, June 23, 2022 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Anacortes Mining Corp. (TSX-V: XYZ; OTCQX: XYZFF), a company which owns a 100-per-cent interest in the Tres Cruces gold project located in Northern Peru, has qualified to trade on the OTCQX Best Market.
  • Anacortes Mining Corp. upgraded to OTCQX from the OTCQB Venture Market.
  • About OTC Markets Group Inc.
    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities.
  • OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

Zacatecas Silver Receives Permits for 13 New Drill Pads and Applies for Permits on an Additional 27 Drill Pads To Facilitate a Large Drill Program Following Up on Recently Announced High Grade Silver Drill Intercepts

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Thursday, January 13, 2022
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The Company has completed necessary environmental studies and has now applied to SEMARNAT for an additional 27 drill pads at Panuco North.

Key Points: 
  • The Company has completed necessary environmental studies and has now applied to SEMARNAT for an additional 27 drill pads at Panuco North.
  • An application for drill permits at El Cristo was submitted in December 2021 and approval is expected soon.
  • To date, Zacatecas Silver has only received assays from nine of 22 holes.
  • Except as required under applicable securities legislation, Zacatecas Silver does not undertake to publicly update or revise forward-looking information.

Zacatecas Silver Reports its Initial Inferred Mineral Resource Estimate of 16.4 Million Silver Equivalent Ounces at 187 g/t AgEq at the Panuco Deposit Including a Zone of 5.1 Million Silver Equivalent Ounces at 235.25 AgEq

Retrieved on: 
Tuesday, December 14, 2021
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It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.

Key Points: 
  • It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.
  • Silver equivalent Mineral Resources for the Panuco Deposit were calculated using the following metal prices: Ag at US $21/oz and Au at US$1,625/oz.
  • The Inferred Mineral Resource Estimate uses a cut-off of 100 g/t AgEq based on US$/tonne costs of $35/mining, $15 processing and $5 G&A.
  • Zacatecas Silver CEO and Director, Bryan Slusarchuk, notes "This is the first Mineral Resource published by Zacatecas Silver and we are very pleased with the results.

Zacatecas Silver Reports Multiple High Grade Silver Intercepts in Previously Undrilled Area of Project Including 2.17m at 823 g/t Silver Eq (798 g/t Silver and 0.34 g/t Gold) in Hole PAN 2021-009

Retrieved on: 
Tuesday, November 23, 2021
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Assumptions used in USD for the silver equivalent calculation were metal prices of $24/oz silver, $1,800/oz gold and recovery is assumed to be 100%.

Key Points: 
  • Assumptions used in USD for the silver equivalent calculation were metal prices of $24/oz silver, $1,800/oz gold and recovery is assumed to be 100%.
  • Four angled holes were drilled into the Panuco Central Vein at the eastern edge of Zacatecas concessions.
  • Chris Wilson,B.Sc (Hons), PhD, FAusIMM (CP), FSEG.Chief Operating Officer and Director of Zacatecas Silver, a qualified person as defined by NI 43-101.
  • Except as required under applicable securities legislation, Zacatecas Silver does not undertake to publicly update or revise forward-looking information.

Zacatecas Silver Provides Update on Drilling Activities at Panuco

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Friday, October 15, 2021
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VANCOUVER, BC, Oct. 15, 2021 /PRNewswire/ - Zacatecas Silver Corp. ("Zacatecas Silver" or the "Company", (TSXV: ZAC) (OTC Markets: ZCTSF) (Frankfurt: 7TV) is pleased to provide an update on its diamond drilling program at Panuco deposit located within the Zacatecas Property.

Key Points: 
  • VANCOUVER, BC, Oct. 15, 2021 /PRNewswire/ - Zacatecas Silver Corp. ("Zacatecas Silver" or the "Company", (TSXV: ZAC) (OTC Markets: ZCTSF) (Frankfurt: 7TV) is pleased to provide an update on its diamond drilling program at Panuco deposit located within the Zacatecas Property.
  • Dr. Wilson, Chief Operating Officer and a Director of Zacatecas comments, "Drilling is proceeding efficiently and core recovery is excellent.
  • Zacatecas plans to carry out exploratory diamond core drilling at the San Gill Breccia located with the Zacatecas Property.
  • Except as required under applicable securities legislation, Zacatecas Silver does not undertake to publicly update or revise forward-looking information.

First Light and New Oroperu's Shareholders Approve Business Combination

Retrieved on: 
Thursday, September 9, 2021

Vancouver, British Columbia--(Newsfile Corp. - September 9, 2021) - First Light Capital Corp. (TSXV: XYZ.P) ("First Light") and New Oroperu Resources Inc. (TSXV: ORO) ("New Oroperu") are pleased to announce that the shareholders of both companies have overwhelmingly approved the business combination transaction between them (the "Transaction").

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - September 9, 2021) - First Light Capital Corp. (TSXV: XYZ.P) ("First Light") and New Oroperu Resources Inc. (TSXV: ORO) ("New Oroperu") are pleased to announce that the shareholders of both companies have overwhelmingly approved the business combination transaction between them (the "Transaction").
  • New Oroperu has applied for a final order of the Supreme Court of British Columbia to approve the Arrangement.
  • The completion of the Transaction remains subject to conditions set forth in the Arrangement Agreement, including TSX Venture Exchange approval.
  • For further information, please contact Jim Currie, President and Chief Executive Officer of First Light, at (604) 764-7108.

Zacatecas Silver Reports Drill Rig Arrival at Panuco Silver Deposit

Retrieved on: 
Monday, August 30, 2021
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The drill program at the Panuco silver deposit will comprise step-out and step-back holes designed to target potential extensions of the vein system outside of the historical resource estimate. A total of three veins will be drilled -- Panuco NW, Panuco Central and Tres Cruces -- which remain open at depth and along strike. These are high-priority drill targets.

Key Points: 
  • VANCOUVER, BC, Aug. 30, 2021 /PRNewswire/ - Zacatecas Silver Corp. ("Zacatecas Silver" or the "Company", (TSXV: ZAC) (OTC Markets: ZCTSF)(Frankfurt: 7TV) is pleased to report that the drill rig to commence drilling at the highly prospective Panuco silver deposit and San Gill breccia zone has arrived onsite to immediately begin a Phase One 10,000 metre drill program.
  • Initial drilling begins at the Panuco Silver Deposit and then at San Gill-San Manuel, two high priority targets within the large Zacatecas Silver land packages
    The Panuco silver deposit is located in the north of the Zacatecas property and is the most advanced prospect.
  • The Zacatecas silver property is located in Zacatecas state, Mexico, within the highly prospective Fresnillo silver belt, which has produced over 6.2 billion ounces of silver.
  • There are four main high-grade silver target areas within the Zacatecas concessions: the Panuco deposit, Muleros, El Cristo and San Manuel-San Gill.