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Senin, 07 Maret 2022

You're invited! Panel on Technologies, Strategies & Methodologies of Promising Explorers

White Gold Corp's CEO, David D'Onofrio, will be presenting at 6ix's first Virtual Spring Conference where attendees will have the opportunity to listen and interact with influential keynote speakers, watch presentations by CEOs from junior mining companies, and directly ask them questions. 

Why should you attend this event?

Access:
Intimate 1-on-1 meetings with White Gold Corp's and dynamic Q&A where you can ask us anything

Coverage:
Learn about the future of commodities, mining exploration, and global trends. Create and consume research not traditionally covered by financial media

Community:
Be a part of building in public by crowdsourcing the discovery, due diligence, and investing process.
Participate in the four-day conference between March 15 and 18!

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About White Gold Corp.

The Company owns a portfolio of 21,111 quartz claims across 31 properties covering over 420,000 hectares representing over 40% of the Yukon’s emerging White Gold District. The Company’s flagship White Gold property hosts the Company’s Golden Saddle and Arc deposits which have a mineral resource of 1,139,900 ounces Indicated at 2.28 g/t Au and 402,100 ounces Inferred at 1.39 g/t Au(1). Mineralization at the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. The Company’s VG Deposit acquired in March 2019 hosts an Inferred gold resource of 267,000 ounces at 1.62 g/t Au(2). Regional exploration work has also produced several other new discoveries and prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Newmont Corporation with Measured and Indicated Resources of 2.14 Moz at 1.20 g/t Au, and Inferred Resources of 0.23 Moz at 1.07 g/t Au(3) and Western Copper and Gold Corporation’s Casino project which has Measured and Indicated Resources of 14.5 Moz Au and 7.6 Blb Cu and Inferred Resources of 6.6 Moz Au and 3.3 Blb Cu(4). For more information visit www.whitegoldcorp.ca.

(1) See White Gold Corp. technical report titled “Technical Report for the White Gold Project, Dawson Range, Yukon Canada”, dated July 10, 2020, prepared by Dr. Gilles Arseneau, P.Geo., and Andrew Hamilton, P.Geo., available on SEDAR.
(2) See White Gold Corp. technical report titled “Technical Report for the QV Project, Yukon Canada”, dated November 15, 2021, prepared by Dr. Gilles Arseneau, P.Geo., available on SEDAR.
(3) See Newmont Corporation press release titled “Newmont Reports 2020 Mineral Reserves of 94 Million Gold Ounces Replacing 80 Percent of Depletion”, dated February 10, 2021:  https://www.newmont.com/investors/news-release/default.aspx
(4) See Western Copper and Gold Corporation technical report titled “Preliminary Economic Assessment, Yukon Cnada”, dated August 2, 2020, prepared by M3 Engineering & Technology Corp., available on SEDAR.

Qualified Person

Terry Brace, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 – Standards of Disclosure of Mineral Projects and has reviewed and approved the content of this news release.

Cautionary Note Regarding Forward Looking Information

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", “proposed”, "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the Company’s properties; future growth potential of the Company, including whether any proposed exploration programs at any of the Company’s properties will be successful; exploration results; and future exploration plans and costs and financing availability. These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as 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 materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold properties; failure to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Company’s properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; ongoing uncertainties relating to the COVID-19 pandemic; and those factors described under the heading "Risks Factors" in the Company's annual information form dated July 29, 2020 available on SEDAR. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

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

For Further Information, Please Contact:

Contact Information:

David D’Onofrio
Chief Executive Officer
White Gold Corp.
(647) 930-1880

Latin Metals Provides Update on Barrick Earn-In Agreement for Exploration Projects, Santa Cruz Province, Argentina

 

Latin Metals Provides Update on Barrick Earn-In Agreement for Exploration Projects, Santa Cruz Province, Argentina

Barrick Initiates Exploration at Cerro Bayo

Vancouver, British Columbia – Latin Metals Inc. ("Latin Metals" or the "Company") - (TSXV: LMS, OTCQB: LMSQF) provides an update on its previously announced earn-in agreement (the "Earn-In Agreement") with a wholly-owned subsidiary of Barrick Gold Corporation ("Barrick"), whereby Latin Metals granted to Barrick the option to earn-up to an 85% interest in the Cerro Bayo, Cerro Bayo Sur and Flora Este properties, located in Santa Cruz Province, Argentina (the "Properties") (see news release dated February 7, 2022).

Latin Metals announces that it and Barrick have entered into an agreement with the underlying owner of the Properties as of February 25, 2022 ("Effective Date").  Under the terms of the agreement, the underlying owner of the Properties has acknowledged Barrick's rights under the Earn-In Agreement and authorized Barrick to conduct operations on the Properties.  Under the terms of the Earn-In Agreement, Barrick is now obligated to incur at least USD $1,000,000 in exploration expenditures on the Properties by the second anniversary of the Effective Date.  Latin Metals has now also received the US$150,000 cash payment from Barrick that was due on the Effective Date.

Keith Henderson, President and CEO of Latin Metals, commented, "We look forward to working with Barrick as it commences its operations under the earn-in agreement, which will initially include delineation work comprised of detailed geological mapping and sampling and subsequent geophysics, in order to quickly identify drill targets.  Pursuant to the terms of the earn-in agreement, Latin Metals will receive a summary of the operations conducted by Barrick on the properties and the results thereof on a quarterly basis, with the first report scheduled to be delivered to Latin Metals at the end of May 2022."

Earn-In Agreement Details

Under the terms of the Earn-In Agreement, Barrick has the right to acquire up to an 85% interest in the Properties.  Barrick's earn-in right consists of an initial option (the "First Option") to acquire a 70% interest in the Properties and a second option (the "Second Option") to acquire an additional 15% (aggregate 85%) interest.

The Properties are currently subject to an underlying option agreement dated February 7, 2019, as amended (the "Underlying Option Agreement") (see news release dated February 11, 2019), pursuant to which Latin Metals has the right to acquire a 100% interest in the Properties.

To exercise the First Option (and earn a 70% interest in the Properties), prior to the seventh anniversary of the Effective Date Barrick must:

  1. Make cash payments totaling US$2,321,793 pursuant to the Underlying Option Agreement;
  2. Make cash payments to Latin Metals totaling US$750,000 (inclusive of $150,000 that was paid by Barrick to Latin Metals on the Effective Date);
  3. Incur exploration expenditures with respect to the Properties totaling US$5,000,000; and
  4. Prepare and deliver to Latin Metals a Preliminary Economic Assessment prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101").

To exercise the Second Option (and earn an additional 15% interest in the Properties), prior to the ninth anniversary of the Effective Date Barrick must:

  1. Make additional cash payments to Latin Metals totaling US$425,000 (for an aggregate of US$1,175,000); and
  2. Sole fund all costs and deliver to Latin Metals a Prefeasibility Study prepared in accordance with NI 43-101.

Barrick may at any time during the term of the Earn-In Agreement accelerate the timing for payment of any or all cash payments to Latin Metals and the underlying owner of the Properties, delivery of technical studies, and incurring exploration expenditures.

Investor Relations and Marketing

The Company has engaged Business Financial Network ("BFN") for an initial period of three months, renewable for an additional three months.  As consideration, the Company will pay a monthly fee of $10,000 per month.  Roger Choudhury, the founder, and host of BFN has been broadcasting updates and news on selected companies via YouTube, Facebook, LinkedIn, Twitter, Instagram, Blogger, and other social media sites for several years and now enjoys a community of 50,000 members that is growing daily.  BFN's daily YouTube show provides professionally vetted, in-depth information about selected companies via various broadcast formats.  To the Company's knowledge, BFN does not have any direct interest in the Company or its securities. 

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.  

Qualified Person

Keith J. Henderson, P.Geo., is the Company's qualified person as defined by NI 43-101 and has reviewed the scientific and technical information that forms the basis for portions of this news release.  He has approved the technical disclosure herein.  Mr. Henderson is not independent of the Company, as he is an employee of the Company and holds securities of the Company.

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 890
999 West Hastings Street
Vancouver, BC, V6C 2W2
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.

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 exploration to be conducted by Barrick on the Properties and the reports to be delivered to Latin Metals regarding same, the exercise of the First Option or the Second Option by Barrick, the exercise of the first option and second option under the agreement with the underlying owner of 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", "will", "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, that 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 Properties in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Properties, 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, the fact that the Company's interest in the Properties is an option only and there is no guarantee that such interest, if earned, will be certain, estimation or realization of mineral reserves and mineral resources, 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 of the TSX Venture Exchange, financing or other planned activities, changes in laws, regulations and policies affecting mining operations, currency fluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities, risks relating to epidemics or pandemics such as COVID‑19, including the impact of COVID‑19 on the Company's business, 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.

-30-

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Jumat, 18 Februari 2022

Precipitate Video Replay of CEO Jeff Wilson’s Presentation at OTC’s Virtual Mining and Metals Conference

Precipitate Video Replay of CEO Jeff Wilson's Presentation at OTC's Virtual Mining and Metals Conference

Click the thumbnail below to watch the Replay.

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Rabu, 16 Februari 2022

GSilver Provides Results from Expansion and Infill Drilling at El Cubo



GSilver Provides Results from Expansion and Infill Drilling at El Cubo

VANCOUVER, BC / ACCESSWIRE / February 16, 2022 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF) is pleased to provide drilling results from its ongoing diamond drill program at its 100% owned El Cubo Mine located east of the city of Guanajuato, Mexico.

Highlights include:

  • Drill results at El Cubo remain consistent with modeled ramp-up projections.
  • A sub-parallel vein to Villalpando - the Asuncion Vein - has returned notable results.
  • Drilling continues with two rigs operating at El Cubo and one operating at El Pinguico.

Conclusion of 2021 El Cubo Dill Program Maintains Consistency with Ramp-up Expectations:

Drilling at El Cubo has focused on the main Villalpando vein structure, specifically the 4-1500 stope area that forms a continuation of the Cebolletas and 2175 stope areas. Drill results represented below conclude GSilver's 2021 drill program at El Cubo and are in-line with the Company's ramp-up modeling. For 2022, Guanajuato Silver envisions an additional 8,000 metres of drilling at EL Cubo's primary NW striking veins of Villalpando and Dolores. In parallel, GSilver is also planning over 9,000 metres of drilling in 2022 to target the transverse veins (NE striking) of El Cubo's Santa Cecelia section; this area is underexplored and represents a primary zone for resource expansion. (See GSilver news release dated December 21, 2021 - GSilver Drills 17.4m of 327gpt AgEq).

Infill (Grade Control) & Expansion Drilling Continues at El Cubo

Both drill holes VPO21-07 and VPO-08 drilled into a secondary vein structure to Villalpando, called the Asuncion Vein; results here were among the best returned for this portion of the drill program. Notably, VPO21-07 returned 2.15 metres of 213 AgEq, demonstrating the potential of any of the 19 known vein structures at El Cubo to provide high grade results.

James Anderson, Chairman and CEO said: "All drill results remain consistent the with ramp-up expectations and position our mining operations at El Cubo to continue the current trajectory of delivering rising tonnage, grade, recoveries, and revenue from precious metals concentrate sales."

El Cubo Villalpando / 4-1500 Zone (note VPO21-01 to VPO21-04 were previously reported)

Drill Hole

From
(m)

To
(m)

Interval
(m)

Estimated True
Width
(m)

Au
gpt

Ag
gpt

AgEq
gpt

VPO21-01

105.80

117.35

11.55

6.35

0.69

65

120

including

114.50

117.35

2.85

0.41

0.91

95

168

VPO21-02

no significant results

VPO21-03

72.9

73.25

0.35

0.18

0.75

100

159

VPO21-04

132.05

139.95

7.9

0.32

0.43

42

77

including

136.45

137.95

1.5

0.51

0.69

72

127

VPO21-05

278.05

281.75

3.7

0.83

0.16

66

79

including

280.70

281.75

1.05

0.23

0.18

83

97

VPO21-06

190.85

193.90

3.05

1.04

0.10

13

21

Asuncion Vein (VP021-07, VP021-08 and VP021-09)

VPO21-07

60.00

65.85

5.85

3.26

0.41

77

110

including

63.70

65.85

2.15

1.2

0.83

146

213

VPO21-08

49.35

59.35

10.00

7.02

0.41

60

92

including

51.75

53.05

1.30

0.78

0.91

94

167

including

56.10

57.35

1.25

0.75

0.49

115

155

VPO21-09

45.45

48.10

2.65

2.07

0.34

64

91

including

46.90

47.45

0.55

0.43

0.47

113

150

and

99.95

107.80

7.85

6.50

0.14

19

30

VPO21-10

no vein intersection

VPO21-11

64.65

66.15

1.50

0.98

0.10

11

19

and

116.30

120.50

4.20

2.51

0.43

53

88

including

116.30

117.60

1.30

0.85

0.69

90

146

Note: All silver equivalent (AgEq) values are calculated based on a long-term gold to silver price ratio of 80:1 as used by mineral industry advisors, Behre Dolbear and Company (USA), Inc., in the Company's NI 43-101 Preliminary Economic Assessment report dated May 6, 2021 (effective date: January 31, 2021); a copy of which is available for review on SEDAR.

Hernan Dorado, Director and COO said: "These are solid results; GSilver geologists are learning more and more about the El Cubo deposit mineralisation, and are gaining the confidence to try more exploratory efforts into untested areas - especially at Santa Cecilia on the northern end of our El Cubo concessions."

Figure 1: Long Section: Drill Results

Figure 2: Long Section of the entire south portion of the Villalpando Vein
The drill holes reported in in this news release are all within the stope area marked "4-1500".

Sampling and quality assurance/quality control

Drill core was first reviewed by a Company geologist, who identified and marked intervals for sampling. The marked sample intervals were then cut in half with a diamond saw; half of the core was left in the core box and the other half was removed, placed in plastic bags, sealed and labeled. Intervals and unique sample numbers are recorded on the drill logs and the samples are sequenced with standards and blanks inserted according to a predefined QA/QC procedure. The samples are maintained under security on site until they are shipped to the analytical lab. The analytical work reported on herein was performed by Corporacion Quimica Platinum S.A de C.V., Silao, Guanajuato, Mexico. To validate our assay results and our preparation procedures, GSilver sends additional random samples representing approximately 20% of all analytical samples to Bureau Veritas in Hermosillo, Sonora, Mexico. Bureau Veritas is an ISO/IEC (International Organization for Standardization/International Electrotechnical Commission) geo-analytical laboratory and is independent of GSilver and its "qualified person". In order to further validate our assay results and our preparation procedures GSilver sent additional random samples representing approximately 10% of all analytical samples to SGS Mexico, S.A de C.V, Durango, Mexico. SGS is also an ISO/IEC geo-analytical laboratory and is independent of GSilver and its "qualified person". Core samples were subject to crushing at a minimum of 70 per cent passing two millimeters, followed by pulverizing of a 250-gram split to 85 per cent passing 75 microns. Gold determination was via standard atomic absorption (AA) finish 30-gram fire assay (FA) analysis, in addition to Silver and 34-element using fire assay and gravimetry termination. Following industry-standard procedures, blank and standard samples were inserted into the sample sequence and sent to the laboratory for analysis. Data verification of the analytical results included a statistical analysis of the standards and blanks that must pass certain parameters for acceptance to ensure accurate and verifiable results. GSilver detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to herein.

Hernan Dorado Smith, a director and officer of GSilver and a "qualified person" as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, has approved the scientific and technical information contained in this news release.

About Guanajuato Silver Co. Ltd.:

GSilver mines and processes silver and gold concentrate from its El Cubo mine and mill. The Company continues to delineate for additional silver and gold resources through underground drilling at El Cubo and its nearby El Pinguico project. Both projects are located within 11km of the city of Guanajuato, Mexico which has an established 480-year mining history.

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

For further information regarding Guanajuato Silver Company Ltd., please contact:

JJ Jennex, Communications Manager, +1 (604) 723-1433
Email: jjj@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 Company's proposed development and mining plans at El Cubo, expected areas for future mining operations and the timing thereof, the Company's proposed drilling and exploration programs at El Cubo in 2022 including the total number of meters to be drilled, the locations thereof and the anticipated results therefrom; the Company's expectations for grade and width of certain veins within the El Cubo mine including prospective high grade vein locations and opportunities for resource expansion at El Cubo; and the Company's ability to meet its ramp-up expectations and position its mining operations to continue the current trajectory of delivering rising tonnage, grade, recoveries, and revenue from precious metals concentrate sales. Such forward-looking statements and information reflect management's current beliefs and are based on information currently available to and assumptions made by the Company; which assumptions, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: our mineral resource estimates at El Cubo and El Pinguico and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of rock conforming to sampled results and metallurgical performance; tonnage of mineralized material to be mined and processed; resource grades and recoveries; assumptions and discount rates being appropriately applied to production estimates; success of the Company's combined El Cubo / El Pinguico mining operation and development and exploration programs thereon; prices for silver and gold remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company's projects; capital, decommissioning and reclamation estimates; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive. Readers are cautioned that such forward-looking statements and information 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 production activities, actual resource grades and recoveries of silver and gold, unanticipated geological or structural formations and characteristics, environmental risks, future prices of silver, gold and other metals, operating risks, accidents, labour issues, equipment or personnel delays, delays in obtaining governmental or regulatory approvals and permits, inadequate insurance, and other risks in the mining industry. There are no assurances that GSilver will be able to continue to ramp-up its operations at the El Cubo mill to deliver the rising tonnage, grades, recoveries, and revenue from precious metals concentrate sales at the costs and within the timetable anticipated. In addition, GSilver's decision to process mineralized material from its estimated resources at El Cubo and above and underground stockpiles at El Pinguico 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 recently announced preliminary economic assessment and projected production of silver and gold concentrate 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 Cubo and/or El Pinguico or procure equipment, contractors and other personnel on a timely basis or at all and economic activity in general. All the forward-looking statements and information 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. The forward-looking statements and information 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.

SOURCE: Guanajuato Silver Company Ltd.



View source version on accesswire.com:
https://www.accesswire.com/689019/GSilver-Provides-Results-from-Expansion-and-Infill-Drilling-at-El-Cubo

Copyright © 2022 Guanajuato Silver Company Ltd., All rights reserved.
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