Kootenay: The company continues to have exploration success at is Columba project, Mexico. The company announced the results from 4 holes from its it 7k meter drill program. Highlights include:
- 9m @ 226 g/t Ag
- 11m @ 361 g/t Ag including 5m @ 608 g/t Ag all within 22m @ 229 g/t Ag
- 11.15m @ 415 g/t Ag
- 4m @ 721 g/t
MAG Silver: Provided a corporate update along with Q2 financial results. Underground mine production is expected to soon begin, ahead of schedule with anticipated processing of 16k tons per month of mineralized material through the Fresnillo plant until the Juanicipio plant is commissioned [mid-2021]. Over 8,500 tons of material was successfully processed at the Fresnillo plant on a test basis in early August 2020. This will help generate cash flow, offsetting a portion of the remaining capital commitments to complete the build of the Juanicipio plant, although the company is still flush with cash following the last two equity financing's. The Juanicipio plant is on track for commissioning mid-2021, reaching nameplate capacity by year end 2021.
SilverCrest Metals: The company owns Las Chispas, which is arguably the most attractive silver project nearing a production decision. It is highlighted by exceptionally high silver and gold grades. The feasibility study (FS) will look at upsizing the plant vs. that contemplated in the PEA of 1.25ktpd and likely end up somewhere between 1.5-2ktpd. Part of the decision will be based on the reserve and resource base.
Following the cut-off for drill results included in the PEA, Silvercrest has done nothing but continue to report additional excellent drill results, both infill and exploration. It has also made several new discoveries and hit the best intercepts [grade x thickness] on the project over the last year multiple times. This success continued today with the announcement of a new record drill hole; 1.7m @ 26,004 g/t Ag & 635 g/t Au or 73,595 g/t AgEq. The press release contained a total of 48 holes for a total of 124 holes drilled at Babi Vista. Most of the holes, although not very thick, were of high-grade silver and gold.
Vizsla Resources: Announced a new discovery with the company’s first drill results (2 holes) from the San Carlos mine on the animas vein corridor at the Panuco silver-gold project. The highlight from this release is 1.5m @ 821 g/t Ag and 5.08 g/t Au within 6.75m @ 231 g/t Ah and 2.19 g/t Au.