Technical report

Gravity Pilot Plant Installed at Canada Silver Cobalt's Temiskaming Testing Labs for High-Grade Silver Tailings Testing

Retrieved on: 
Tuesday, January 18, 2022 - 12:45pm

The installation of the gravity pilot plant at Temiskaming Testing Labs will be commissioned to optimize plant performance. It is designed to process high-grade stamp mill tailings and waste rock into concentrate feed for the Re-2Ox process.

Key Points: 
  • Company owns two of the three known high-grade silver stamp mill tailings in the Cobalt camp.
  • Beaver tailings were sonic drilled by the company last year with silver grades from 314 to 14 grams per tonne.
  • The reintegrated Re-2Ox process will be tested for the recovery of silver from the gravity concentrate.
  • The gravity pilot plant is designed to operate at one tonne per hour of high-grade silver tailings.

FenixOro Commences Drilling on Highly Prospective Southeast Block

Retrieved on: 
Wednesday, January 19, 2022 - 1:15pm

TORONTO, Jan. 19, 2022 (GLOBE NEWSWIRE) -- FenixOro Gold Corp (CSE:FENX, OTCQB:FDVXF, Frankfurt:8FD) is pleased to announce that a second drill has been mobilized to begin exploration drilling on the highly prospective southeast block.

Key Points: 
  • TORONTO, Jan. 19, 2022 (GLOBE NEWSWIRE) -- FenixOro Gold Corp (CSE:FENX, OTCQB:FDVXF, Frankfurt:8FD) is pleased to announce that a second drill has been mobilized to begin exploration drilling on the highly prospective southeast block.
  • The southeast block has a principal significant soil anomaly that is 600 m long of greater than 1 g/t gold-in-soils.
  • This next phase of drilling will focus on reconnaissance scale drilling of all new targets.
  • A second pattern of holes one kilometer to the southeast will provide the first drill test of a second group of highly prospective veins.

GCM Mining Reports Fourth Quarter and Full Year 2021 Production; Meets Annual Guidance for Sixth Consecutive Year

Retrieved on: 
Wednesday, January 19, 2022 - 12:00pm

Lombardo Paredes, Chief Executive Officer of GCM Mining, commenting on the Companys latest results, said, Our Segovia Operations continue to meet our expectations, finishing 2021 within our production guidance for the sixth consecutive year.

Key Points: 
  • Lombardo Paredes, Chief Executive Officer of GCM Mining, commenting on the Companys latest results, said, Our Segovia Operations continue to meet our expectations, finishing 2021 within our production guidance for the sixth consecutive year.
  • Our strategy of growth through diversification benefitted from our first concentrate production in the fourth quarter of 2021 from our new polymetallic plant at Segovia.
  • GCM Mining expects to release its 2021 fourth quarter and annual financial results together with the updated mineral reserve and resource estimates for its Segovia Operations on or about March 31, 2022.
  • GCM Mining Corp. is a mid-tier gold producer with a proven track record of mine building and operating in Latin America.

Golden Tag Drills 272 g/t Ag.Eq over 7.8 m & 100 g/t Over 322.9 m Extending Endoskarn Zone 50 m SW

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Wednesday, January 19, 2022 - 12:30pm

We are delighted to discover the higher-grade mineralization from within the Endoskarn Zone extends 50 m to the southwest, filling in a 100-metre-wide embayment within the resource model.

Key Points: 
  • We are delighted to discover the higher-grade mineralization from within the Endoskarn Zone extends 50 m to the southwest, filling in a 100-metre-wide embayment within the resource model.
  • Just as notable, on the way to the target area we drilled through the Montanez Zone and obtained another high-grade intercept of 272 g/t Ag.Eq.
  • This higher-grade interval lies within the targeted embayment on the southern side of the Endoskarn portion of the Fernandez Zone resource envelope.
  • For the purpose of this release this subinterval has been incorporated into the broader Endoskarn Zone.

Torex Gold Provides 2022 Guidance for El Limón Guajes

Retrieved on: 
Wednesday, January 19, 2022 - 11:00am

TORONTO, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) provides 2022 operational guidance for its El Limón Guajes (“ELG”) Mining Complex, which forms part of the Company’s Morelos Property in Guerrero, Mexico. Full year non-sustaining capital expenditure guidance for the Company’s Media Luna project will be announced when the updated Technical Report for the entire Morelos Property is released at the end of March.

Key Points: 
  • Jody Kuzenko, President and CEO of Torex, stated:
    We expect 2022 to be another solid year for Torex as we continue to build on our reputation as a profitable, safe, reliable, and consistent operator.
  • Our guided gold production for 2022 is consistent with the range set out within our inaugural 3-year outlook issued in September 2021.
  • 2022 is a pivotal year for Torex and will set the foundation for our future.
  • The gold price used within operational guidance is consistent with the $1,700 per ounce assumption used when setting 2021 guidance.

Centerra Gold Reports 2021 Gold Production and Issues 2022 Guidance

Retrieved on: 
Tuesday, January 18, 2022 - 12:00pm

TORONTO, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG and NYSE: CGAU) reports 2021 fourth quarter and full-year production and 2022 production and cost guidance.

Key Points: 
  • The technical report describes the exploration history, geology, and style of gold mineralization at the Mount Milligan deposit.
  • All-in sustaining costs on a co-product basis per ounce of gold or per pound of copper are based on an allocation of production costs between copper and gold based on the conversion of copper production to equivalent ounces of gold.
  • For 2022, based on the assumed copper price of $4.00 per pound and assumed gold price of $1,700 per ounce, 425 pounds of copper was equivalent to one ounce of gold.
  • Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold properties in North America, Turkey, and other markets worldwide.

Rockridge Resources Reports 4.06% and 1.60% Copper in Grab Samples and Identifies New Target West of Gilbert Lake at its Knife Lake Project

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Tuesday, January 18, 2022 - 1:00pm

Interpretation of field results and geophysical modelling is underway to further refine drill targets for Rockridges planned upcoming diamond drill program.

Key Points: 
  • Interpretation of field results and geophysical modelling is underway to further refine drill targets for Rockridges planned upcoming diamond drill program.
  • We look forward to continuing to advance the Knife Lake Project as we believe there is significant value yet to be unlocked at the property.
  • Knife Lake Geology and History:
    The Knife Lake Deposit is interpreted to be a remobilized VMS deposit.
  • The project hosts the Knife Lake Deposit, which is a VMS, near-surface Cu-Co-Au-Ag-Zn deposit open along strike and at depth.

Sabre Gold Announces Preliminary Economic Assessment Results

Retrieved on: 
Tuesday, January 18, 2022 - 12:00pm

The deposit was originally discovered in 1991 (Hemlo Gold Mines Inc.-Loki Gold Corporation) through a southern grid expansion, the Classic Zone was then being classified as an isolated, arsenic gold anomaly.

Key Points: 
  • The deposit was originally discovered in 1991 (Hemlo Gold Mines Inc.-Loki Gold Corporation) through a southern grid expansion, the Classic Zone was then being classified as an isolated, arsenic gold anomaly.
  • About Sabre Gold Mines Corp.
    Sabre Gold is a diversified, multi-asset near-term gold producer in North America which holds 100-per-cent ownership of both the fully permitted Copperstone gold mine located in Arizona, United States, and the Brewery Creek gold mine located in Yukon, Canada, both of which are former producers.
  • Sabre Golds two advanced projects have approximately 1.5 million ounces gold in the Measured and Indicated categories, and approximately 1.2 million ounces gold in the Inferred category.
  • Sabre Gold assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law.

Caledonia Mining Corporation Plc Production Update & Record Annual Production at Blanket Mine

Retrieved on: 
Tuesday, January 18, 2022 - 7:00am

Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation (EU) No.

Key Points: 
  • Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation (EU) No.
  • Examples of forward-looking information in this news release include: production guidance, estimates of future/targeted production rates, and our plans and timing regarding further exploration and drilling and development.
  • Security holders, potential security holders and other prospective investors are cautioned not to place undue reliance on forward-looking information.
  • This news release is not an offer of the shares of Caledonia for sale in the United States or elsewhere.

Mako Mining Provides Q4 Production Results

Retrieved on: 
Wednesday, January 19, 2022 - 12:00pm

All components of the 500 tpd gravity and carbon-in-leach processing plant have been fully operational since the beginning of May 2021.

Key Points: 
  • All components of the 500 tpd gravity and carbon-in-leach processing plant have been fully operational since the beginning of May 2021.
  • On behalf of the Board,
    Mako Mining Corp. is a publicly listed gold mining, development and exploration company.
  • Mako's primary objective is to operate San Albino profitably and fund exploration of prospective targets on its district-scale land package.
  • Mako does not undertake to update any forward-looking information, except in accordance with applicable securities laws.