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Kamis, 10 Juni 2021

African Gold Group Provides An Update On Ongoing Corporate Social Responsibility Projects At Its Flagship Kobada Mine

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AFRICAN GOLD GROUP PROVIDES AN UPDATE ON ONGOING CORPORATE SOCIAL RESPONSIBILITY PROJECTS AT ITS FLAGSHIP KOBADA MINE
 

Toronto, Canada - June 9, 2021 – African Gold Group, Inc. (TSX-V: AGG) ("AGG" or the "Company") is pleased to provide an update on its ongoing Corporate Social Responsibility ("CSR") projects carried out in Q1-2021 as part of the development of its overall Environmental and Social Management Plan ("ESMP"). African Gold Group recognises its responsibility to adhere to the highest responsible mining standards and is committed to creating sustainable long-term value for all of its stakeholders. Update of the feasibility study is progressing well and is expected to be delivered on schedule. 

Highlights:

  • Rehabilitation of the Samaya river crossing, a major access route from Bamako to the mine site
  • Extension of multiple drainage channels to divert standing water away from villages to prevent the incubation and breeding of malaria-carrying mosquitos
  • Creation of a market garden and training of local representatives in small scale farming of vegetables
  • Ongoing road maintenance and repairs on an ad-hoc basis

Danny Callow, Chief Executive Officer of AGG commented:
"Our dedicated team at Kobada has continued to deliver real, sustainable value to our local communities through multiple corporate social responsibility projects. The needs of the local community are many and African Gold Group has committed to continue its collaboration in building strong, and long-lasting relationships with the local village and regional Chiefs. These projects continue to provide relief and assistance where it is needed most, and we hope to continue to build on a very strong start in 2021 as we move through the rest of the year."

Samaya – Niger River crossing
The Samaya River crossing is a major route from Bamako into the Samaya region. Every year as the water level of the Niger River rises, the crossing points become flooded making it difficult for trucks to move on and off the pontoon. In consultation with Chief Lasine Diawara, substantial improvements to the road, and a fully concreted ramp to the pontoon on the Samaya side is being constructed. Chief Diawara comments, "The work that has been carried out will help all of the local communities allowing travel even when the weather is bad. I thank AGG for all the help and assistance in making this possible."

Extension of multiple drainage channels in Kobada Village
Initial works on repairing the roads through Kobada village and repairing bridges has resulted in smooth passage along critical routes for goods and people over the past 6 months. Ongoing work is now focused on drainage channels before the onset of the rainy season to prevent standing water in existing channels, which form breeding grounds for mosquitos that carry the malaria virus. Multiple channels have been constructed and water now flows away from residential areas into the existing stream channels. This will see a major reduction in mosquito breeding areas and a likely decrease in malaria infection rates in the region. Kobada Village Chief Dantouma Diawara, comments, "The work on the water problems continue to improve drainage and I thank AGG for their help in improving the village."


Figure 1: Historical breeding grounds for mosquitos



Figure 2: Extended drainage channels moving water away from the Kobada village

Market Garden and training of personnel in agriculture
The Company has created a small-scale market garden within its concession to assist in training local personnel on the variety of vegetables that can be grown in the region. The predominance of artisanal mining in the region means that there is limited agricultural practice ongoing, and therefore many of the local villages are not able to sustain their families through subsistence farming. The intention of phase 1 of the market garden project is to use volunteers to develop, plant and nurture many different organic vegetables, at a small scale initially, and then roll this out into a much larger agricultural project which would form part of the Environmental and Social Management Plan. Understanding of the full agricultural lifecycle, or planting, growing, harvesting seeds for the next season is part of the ongoing training plan. To date more than 100 vegetable beds have been developed and this is set to increase as more people go through the training.



Figure 3: Market garden
 
Kobada Gold Project Corporate Social Responsibility Strategy
The Kobada Gold Project is an advanced stage gold development project located in Mali, Africa's 4th largest gold producing nation. The property is located 126 km south-west of Bamako, the capital city of Mali, in the Birimian Greenstone Belt, with excellent transportation links to the capital and excellent logistics routes via other West African ports. The Company's CSR goals and objectives are built around three pillars – environment, social responsibility and health and safety. In October 2020, the Company announced its corporate social responsibility program as it prepares for the start of construction of its flagship Kobada Mine. AGG and its CSR strategy is guided by the United Nations Sustainable Development Goals ("UN SDGs") at all stages of its decision making and will work towards aligning our operations towards several the UN SDGs as Kobada moves towards production.

Update on situation in Mali
The Company continues to monitor the evolving political situation in Mali. Operations at Kobada Gold Project in Southern Mali remain unaffected. The Company does not expect any interruptions due to the political situation in the country and will continue work to ensure the safety of its personnel. Regular updates will be provided as situation develops.


About African Gold Group

African Gold Group is a TSX Venture Exchange (TSX-V: AGG) listed exploration and development company with a focus on building Africa's next mid-tier gold producer. The Company has a highly experienced board and management team with a proven track record in the African mining sector operating mines from development through to production. AGG's principal asset is the Kobada Project in southern Mali, which is in an advanced stage of development having completed the 2020 definitive feasibility study and is targeting gold production of 100,000 oz per annum. As well as the initial Kobada Gold Project, other exploration locations have been identified on the Kobada, Farada and Kobada Est concessions, offering potential for an increase in resource. For more information regarding African Gold Group visit our website at www.africangoldgroup.com.
 
For more information:
 
Danny Callow
President and Chief Executive Officer
+(27) 76 411 3803

Danny.Callow@africangoldgroup.com
 
Scott Eldridge
Non-Executive Chairman of the Board
(604) 722-5381

Scott.Eldridge@africangoldgroup.com
 
Daniyal Baizak 
VP Corporate Development
(647) 835-9617

Daniyal.Baizak@africangoldgroup.com
 
Camarco (Financial PR)
Gordon Poole
Nick Hennis
+44 (0) 20 3757 4997

AfricanGoldGroup@camarco.co.uk
 
Cautionary statements
 
This press release contains "forward‑looking information" within the meaning of applicable Canadian securities legislation. Forward‑looking information includes, but is not limited to, statements regarding, processing of sulphide materials, appointment of officers and the grant of incentive stock options. Generally, forward‑looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".  Forward‑looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of AGG to be materially different from those expressed or implied by such forward‑looking information, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although AGG has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward‑looking information. AGG does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
 
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

     
     
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Rabu, 09 Juni 2021

Company to Trade as Guanajuato Silver Company - GSVR

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Company to Trade as Guanajuato Silver Company - GSVR

Receives $2.1m from Warrant Exercises

VANCOUVER, BC / ACCESSWIRE / June 9, 2021 / VanGold Mining Corp. (the "Company" or "VanGold") (TSXV:VGLD) (OTCQX:VGLDF) announces that reflective of the Company's new name, Guanajuato Silver Company Ltd. ("Guanajuato Silver"), at the market opening on Thursday June 10, 2021 the Company's shares will begin trading on the TSXV under the symbol GSVR and in the United States on the OTCQX market as GSVRF. Guanajuato Silver's shares will have the following CUSIP and ISIN numbers: CUSIP: 40066W106; ISIN: CA40066W1068.

Warrant Exercises:

Guanajuato Silver is pleased to announce that between mid-March, 2021 and June 8, 2021 it has received approximately C$2,105,000 from the exercise of approximately 8,500,000 warrants held by shareholders of the Company. The exercised warrants represent a compilation of warrants issued in conjunction with various private placement financings completed by the Company from 2018-2020.

Cash Position: As at June 8, 2021 the Company had approximately C$7,250,000 cash on hand. This amount does not include proceeds from the US$7,500,000 (approximately C$9,080,000) loan facility announced in the Company's news release of June 1, 2021. Assuming draw down of these funds in the near future, the Company will have approximately C$16,330,000 in cash to continue to refurbish the El Cubo mill and delineate/develop additional mineral resources at its Combined El Cubo and El Pinguico operation in Guanajuato, Mexico. The Company remains on schedule to restart the El Cubo mill in Q4, 2021.

About Guanajuato Silver Company Ltd.:

Guanajuato Silver is an exploration and development company engaged in reactivating past producing silver and gold mines near the city of Guanajuato, Mexico. The Company's El Pinguico project is a significant past producer of both silver and gold located just 7 kilometers south of the city. The Company is now focused on the refurbishment of the El Cubo mill, and swift commencement of production from the El Cubo and El Pinguico Combined Operation, as well as delineating additional silver and gold resources through underground and surface drilling on its projects located in this 480-year-old mining camp.

ON BEHALF OF THE BOARD OF DIRECTORS
"James Anderson"
Chairman and CEO

For further information regarding Guanajuato Silver Company Ltd., please contact:
James Anderson, Director, +1 (778) 989-5346
Email: james.anderson@GSilver.com

Continue to watch our progress at: www.GSilver.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains certain forward-looking statements and information, which relate to future events or future performance including, but not limited to, the amount and timing for draw down of the loan facility announced June 1, 2021, the ability of VanGold to successfully re-start the El Cubo mill and supply sufficient mineralized material from El Cubo and El Pinguico for processing through the El Cubo mill at projected rates, the ability to generate positive cash flow from the El Cubo mill as contemplated or at all, the exploration, development and mining potential of El Cubo and El Pinguico and the potential existence of additional mineral resources thereon. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, currency rate fluctuations, actual results of exploration, development and mining activities, unanticipated geological formations and characteristics, environmental risks, future prices of gold, silver and other metals, operating risks, accidents, labor issues, delays in obtaining governmental or regulatory approvals and permits, and other risks in the mining industry. There are no assurances that VanGold will be able to re-start the El Cubo mill to process mineralized materials in the amounts and at the costs anticipated. In addition, VanGold's decision to begin processing mineralized material from its above and underground stockpiles at El Pinguico and estimated resources at El Cubo through the El Cubo mill is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and therefore is subject to increased uncertainty and risk of failure, both economically and technically. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability, are considered too speculative geologically to have the economic considerations applied to them, and may be materially affected by environmental, permitting, legal, title, socio-political, marketing, and other relevant issues. There are no assurances that the results of the Company's PEA will be realized. Further, the proposed loan facility remains subject to customary closing conditions and there are no assurances that the Company will draw down the loan in the amount and timing anticipated or at all. There is also uncertainty about the spread of COVID-19 and variants of concern and the impact they will have on the Company's operations, supply chains, ability to access El Pinguico or El Cubo or procure equipment, contractors and other personnel on a timely basis or at all and economic activity in general. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by law.

Guanajuato Silver Company Ltd.
PH: +1(778) 989-5346 E: info@GSilver.com W: GSilver.com
CA: Suite 578 - 999 Canada Place, Vancouver B.C. V6C 3E1

MX: Carretera - Guanajuato - Silao km 5.5, Int. #4, Col. Marfil CP36250, Guanajuato, Gto., Mexico

SOURCE: Vangold Mining Corp.



View source version on accesswire.com:
https://www.accesswire.com/651152/Company-to-Trade-as-Guanajuato-Silver-Company--GSVR

Copyright © 2021 VanGold Mining Corp., All rights reserved.
You are receiving this email because you opted in via our website.

Our mailing address is:
VanGold Mining Corp.
578 – 999 Canada Place
Vancouver, BC V6C 3E1
Canada

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Senin, 07 Juni 2021

Latin Metals Outlines Drill Targets at Aylen Project, Argentina

 

Latin Metals Outlines Drill Targets at Aylen Project, Argentina

June 7, 2021

Vancouver, B.C. Latin Metals Inc. ("Latin Metals" or the "Company") - (TSXV: LMS) (OTCQB: LMSQF) provides an update on exploration at the Company's optioned Aylen property ("Aylen" or the "Project") located in Deseado Massif.  A ground magnetic survey has been completed over more than 66 line-kilometers covering the northern portion of the Aylen Project and in particular the area along strike from the past-producing Martha Mine.

Drill Targets Defined

The geophysical surveying has defined 3 target areas (Figure 1), each being 1 to 2 km in length and displaying a similar geophysical signature and structural trends to the epithermal silver-gold mineralization hosted at the Martha Mine.  Structural trends highlighted by the magnetic data are dominantly east-west and northwest-southeast, similar to the Martha Mine vein system to the east and the Barril vein system to the west. 

Previous rock sampling by Latin Metals and previous operators has identified high-grade silver mineralization at the outcropping Estero Vein, which confirms that the epithermal system and associated precious metals continue onto the Aylen Project.  However, the new geophysical data suggests that the main target area at Estero (Target C) is blind and located approximately 200m south.  Targets A and B look similarly compelling and none of the three targets have been tested by drilling. 


Figure 1: Drill targets defined by ground magnetic surveying and previous rock sampling results at the Aylen Project, Santa Cruz Projects.

Latin Metals' previously completed rock sampling at the Estero vein is located approximately 500m west from the Martha mine and approximately 200m north of Target C.  A total of 8 rock samples were taken at Estero and returned consistently anomalous gold values between 0.11g/t gold and 0.57 g/t gold as well as silver mineralization peaking at 470 g/t.  Three samples returned high-grade silver values from 118 g/t silver to 470 g/t silver, with another four samples returning highly anomalous grades from 20 g/t silver to 43 g/t silver. 

Next Steps

Ground magnetic data, together with previous mapping and rock sampling, has been successful in outlining three areas requiring drill testing.  Next steps for the Project will include an induced polarization survey to further define and prioritize drill targets, as well as permitting for a preliminary diamond drill program.  Latin Metals is actively seeking an option partner to fund exploration drilling at Aylen. 

Appointment of Corporate Secretary

The Company announces that it has appointed Dani Palahanova as Corporate Secretary.  Ms. Palahanova currently serves as Chief Financial officer of the Company.  She has been working with publicly listed Canadian companies in the minerals exploration sector for over 15 years and has held positions as CFO, Controller and Corporate Secretary for various junior exploration and technology companies in Vancouver.  Ms. Palahanova holds an Executive MBA degree from Simon Fraser University and a CPA, CGA designation.

Marla Ritchie has resigned as Corporate Secretary and the Company wishes to thank Ms. Ritchie for her work over the past three years.

About Martha Mine

During its production life Martha produced from very high-grade veins and vein breccias. The high silver grades of the historic Mineral Reserves, ranging from over 2,500 g/t in the early years of the project to over 400 g/t in the later production years, and the high silver to gold ratio of the historic mineralization which averaged over 900:1, set Martha apart from the other producing mines in the Province of Santa Cruz.

The northern portion of the Aylen concession is contiguous with the former producing Martha Mine, which was operated between 2000 and 2016 by Coeur Mining Inc. and Yamana Gold Inc.  The property is currently owned by Patagonia Gold who reportedly aim to double the processing capacity of the plant at Martha Mine to 480tpd. 

Deseado Massif

The Deseado Massif in southernmost Argentina is an exposed block of Mesozoic volcanic rocks that host low- to intermediate-sulfidation style gold-silver epithermal systems (Schalamuk et al. 1997). Mining is in several districts such as Cerro Vanguardia, Manantial Espejo, Martha, Cerro Negro, San José, Don Nicolas, Cerro Moro, and Cose. Other systems are at different stages of exploration. Mineralization is of late Jurassic age what makes the Deseado Massif one of the older epithermal metallogenic provinces on earth. Aylen is located next to Martha mine.

QA/QC

The work program at Aylen was designed by Eduardo Leon, the Company's Exploration Manager, who is responsible for the work.

Geophysical data was collected by QUANTEC Geoscience Argentina SA. Information was corrected for diurnal drift, spikes and magnetic dropouts were removed, repeatability and instruments accuracy of the magnetometer was verified by taking reference station repeat measurements at the beginning and end of each survey day, and care was taken to ensure proper magnetic sensor orientation at all times.  A GEM GSM -19 Magnetometer was used at the survey with a resolution of 0.01 nT and a relative sensibility of 0.02 nT.

Qualified Person

The technical content of this release has been approved for disclosure by Keith J. Henderson P.Geo, a Qualified Person as defined by NI 43-101 and the Company's CEO.  Mr. Henderson is not independent of the Company, as he is an employee of the Company and holds securities of the Company.

About Latin Metals

Latin Metals is a mineral exploration company acquiring a diversified portfolio of assets in South America.  The Company operates with a Prospect Generator model focusing on the acquisition of prospective exploration properties at minimum cost, completing initial evaluation through cost-effective exploration to establish drill targets, and ultimately securing joint venture partners to fund drilling and advanced exploration.  Shareholders gain exposure to the upside of a significant discovery without the dilution associated with funding the highest-risk drill-based exploration.

On Behalf of the Board of Directors of

LATIN METALS INC.

"Keith Henderson"

President & CEO

For further details on the Company readers are referred to the Company's web site (www.latin-metals.com) and its Canadian regulatory filings on SEDAR at www.sedar.com.

For further information, please contact:

Keith Henderson
Suite 2300
1177 West Hastings Street
Vancouver, BC, V6E 2K3
Phone: 604-638-3456
E-mail:  info@latin-metals.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995.  All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the negotiation of the Option Agreements and exercise of the Option for the Properties, the anticipated content, commencement, timing and cost of exploration programs in respect of the Properties and otherwise, anticipated exploration program results from exploration activities, and the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral deposits/resources/reserves on the Properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements.  Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct.  Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved.  In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Company's Argentine projects in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Company projects, and the Company's ability to comply with environmental, health and safety laws.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information.  Such risks and other factors include, among others, operating and technical difficulties in connection with mineral exploration and development and mine development activities at the Properties, including the geological mapping, prospecting and sampling programs being proposed for the Properties (the "Programs"), actual results of exploration activities, including the Programs, estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, costs of production, capital expenditures, the costs and timing of the development of new deposits, the availability of a sufficient supply of water and other materials, requirements for additional capital, future prices of precious metals and copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible variations in ore grade or recovery rates, possible failures of plants, equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, delays or the inability of the Company to obtain any necessary permits, consents or authorizations required, including TSX-V acceptance for filing of the Option Agreements, any current or future property acquisitions, financing or other planned activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities, risks related to joint venture operations, and risks related to the integration of acquisitions, as well as those factors discussed under the heading "Risk Factors" in the Company's latest Management Discussion and Analysis and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR website at www.sedar.com.

Readers are cautioned not to place undue reliance on forward looking statements.  Except as otherwise required by law, the Company undertakes no obligation to update any of the forward-looking information in this news release or incorporated by reference herein.

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Kamis, 03 Juni 2021

VanGold to Become Guanajuato Silver Company, Ltd. - Stock Symbol to be GSVR

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VanGold to Become Guanajuato Silver Company, Ltd. - Stock Symbol to be GSVR

VANCOUVER, BC / ACCESSWIRE / June 3, 2021 / VanGold Mining Corp. (the "Company" or "VanGold") (TSXV:VGLD)(OTCQX:VGLDF) is pleased to announce that it will change its name to Guanajuato Silver Company, Ltd. ("Guanajuato Silver"), and that it has reserved the stock symbol GSVR with the TSX Venture Exchange.

Name Change:

VanGold Director and major shareholder Daniel Oliver, Jr. said: "The name Guanajuato Silver better illustrates who we are as a company, describes the Mexican region we are active in, and defines the principal metal we anticipate that we will soon be producing. I am very pleased the board has approved this change as a firm statement about our vision for the future of the company."

VanGold's board of directors has passed a resolution to change the name of VanGold to Guanajuato Silver Company, Ltd. Completion of the name change is subject to all required regulatory approvals, including approval from the TSX Venture Exchange. Pursuant to the provisions of the Business Corporations Act (British Columbia) and the articles of the company, shareholder approval is not required for the name change. No action will be required of existing shareholders with respect to the name change. Issued share certificates representing common shares of the company will not be affected by the change of name and will not need to be exchanged.

Symbol Change:

Within the next two weeks the Company plans to implement all of the necessary actions to effect these changes. It is anticipated that on or about Thursday June 10, 2021 the Company's shares will begin trading under the new stock symbol with the following CUSIP number: 40066W106.

Website Change:

The Company also announces that it has secured the domain for the website www.GSilver.com where shareholders and interested parties can learn more about our Company - Guanajuato Silver - about the city and state of Guanajuato, and about our El Cubo and El Pinguico mining projects. Chairman and CEO James Anderson stated: "We are very excited about having the Company identified with the 480-year history of the Guanajuato mining region - and for those who want to shorten the name of the Company for expediency reasons, we will proudly be known as "GSilver"; this change too will be implemented within the next two weeks or so."

About VanGold Mining Corp.:

VanGold Mining is an exploration and development company engaged in reactivating past producing silver and gold mines near the city of Guanajuato, Mexico. The Company's El Pinguico project is a significant past producer of both silver and gold located just 7 kilometers south of the city. The Company is now focused on the refurbishment of the El Cubo mill, and swift commencement of production from the El Cubo and El Pinguico Combined Operation, as well as delineating additional silver and gold resources through underground and surface drilling on its projects located in this 480-year-old mining camp.

ON BEHALF OF THE BOARD OF DIRECTORS
"James Anderson"
Chairman and CEO

For further information regarding VanGold Mining Corp, please contact:

James Anderson, Director, +1 (778) 989-5346
Email: james@vangoldmining.com
Continue to watch our progress at: www.vangoldmining.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains certain forward-looking statements and information, which relate to future events or future performance including, but not limited to, the ability of VanGold to successfully re-start the El Cubo mill and supply sufficient mineralized material from El Cubo and El Pinguico for processing through the El Cubo mill at projected rates, the ability to generate positive cash flow from the El Cubo mill as contemplated or at all, the exploration and development potential of El Cubo and El Pinguico and the potential existence of additional mineral resources thereon. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, currency rate fluctuations, actual results of exploration and development activities, unanticipated geological formations and characteristics, environmental risks, future prices of gold, silver and other metals, operating risks, accidents, labor issues, delays in obtaining governmental or regulatory approvals and permits, and other risks in the mining industry. There are no assurances that VanGold will be able to re-start the El Cubo mill to process mineralized materials in the amounts and at the costs anticipated. In addition, VanGold's decision to begin processing mineralized material from its above and underground stockpiles at El Pinguico and estimated resources at El Cubo through the El Cubo mill is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and therefore is subject to increased uncertainty and risk of failure, both economically and technically. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability, are considered too speculative geologically to have the economic considerations applied to them, and may be materially affected by environmental, permitting, legal, title, socio-political, marketing, and other relevant issues. There are no assurances that the results of the Company's PEA will be realized. There is also uncertainty about the spread of COVID-19 and variants of concern and the impact they will have on the Company's operations, supply chains, ability to access El Pinguico or El Cubo or procure equipment, contractors and other personnel on a timely basis or at all and economic activity in general. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by law.

VANGOLD MINING CORP.
PH: +1(778) 989-5346 E: info@vangoldmining.com W: vangoldmining.com
CA: Suite 578 - 999 Canada Place, Vancouver B.C. V6C 3E1
MX: Carretera - Guanajuato - Silao km 5.5, Int. #4, Col. Marfil CP36250, Guanajuato, Gto., Mexico

SOURCE: VanGold Mining Corp.



View source version on accesswire.com:
https://www.accesswire.com/650257/VanGold-to-Become-Guanajuato-Silver-Company-Ltd--Stock-Symbol-to-be-GSVR

Copyright © 2021 VanGold Mining Corp., All rights reserved.
You are receiving this email because you opted in via our website.

Our mailing address is:
VanGold Mining Corp.
578 – 999 Canada Place
Vancouver, BC V6C 3E1
Canada

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