LATAM News

Featured Image: Vangold's Country Manager Gerardo, Geologist Gabriela, CEO and Chairman James and Chief of Mine Safety Antonio at El Pinguico Silver and Gold mine complex.

Check out the latest updates and events in the mining sector in Latin America:

COMPANY UPDATES

GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) released additional assay results from La Trini deposit on the Los Ricos North project, including 1.3m of 1,048 g/t silver equivalent (“AgEq”) from hole LRGT-20-062, which was made up of 734 g/t silver and 4.20 g/t gold.

“We’re pleased with the strong results from the drilling program at La Trini and expect additional results shortly from Salomon-Favor where 3 drill rigs operate continually. We anticipate these results will build upon the excellent results achieved in our initial drill holes at Salomon-Favor,” said Brad Langille, President and CEO.

Chakana Copper Corp. (TSX-V: PERU; OTCQB: CHKKF; FRA: 1ZX) released results from three additional holes at its high-grade copper-goldsilver Paloma West discovery at the expanded Soledad Project in Ancash, Peru. The highlight of these results is the intersection with 10.7 m which contained 7.25 g/t gold, 10.2% copper and 163.5 g/t silver showing the high-grade potential of the tourmaline breccias at Soledad.

These results are part of the ongoing Phase 3 drill program, a fully funded 15,000 metre drill program that started August 15, 2020. Phase 3 is testing a tight cluster of high-grade, gold-enriched tourmaline breccia pipe targets within the Paloma and Huancarama breccia complexes. Thirteen holes have now been reported from the Paloma targets for a total of 2,789 metres. Drilling is currently underway at Huancarama where seven holes have been completed thus far.

Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) provided anupdate on the latest channel sample results received from the Cerro Magallanes targets at the Cecilia Project in Sonora, Mexico. Channel samples yielded up to 48.3 g/t Au over 0.75 m at the San Jose Target. Furthermore, surface work has helped the Company define and detail a 7-hole drill program for 1,500 m over the primary structural zones at the San Jose, North Breccia and Central targets at the Project.

VanGold Mining Corp (TSXV:VGLD) announced it has amended its option agreement to re-purchase three of the four underlying royalties on its El Pinguico silver and gold project located 7km south of Guanajuato, Mexico.

"We are very pleased to have reached this new Agreement with Hernan and Gerardo Dorado the original venders of El Pinguico. The new terms allow VanGold to extend the cash payment portion of the Agreement out until March 2023 to allow VanGold to direct more of its resources to developing the El Pinguico Project." VanGold Director Dan Oliver

Excellon Resources Inc. (TSX:EXN, EXN.WT, NYSE:EXN, and FRA:E4X2) Reports Third Quarter 2020 Financial Results.

“This quarter was one of our best in years, with record tonnage, excellent metal recoveries and solid cost reductions, all in a rising metal price environment. Our teams in Mexico deserve great credit for continuing to improve the operation, while ensuring the safe operation of the business during the ongoing COVID pandemic. On the exploration front, we currently have three rigs operating at Platosa and one at Silver City, and we expect to start drilling at Oakley in the near term. Our focus over the coming quarters is resource growth and discovery, supported by cashflows from our improving Mexican operations.” Brendan Cahill, President and CEO

Events

Expominas Virtual 2020 (16th – 25th of November) The most important mining online event from Ecuador, hosting conferences, debate boards, more than 150 stands, 300 brands, and more than 15 countries attending.

Exposibram 2020 (24th – 26th November): Brazilian Mining Expo & Conference. A 3-day event held entirely online that aims to the importance of mining for Brazil’s socioeconomic development, generate long term business opportunities, attract the interest of companies and investors to Brazilian mining, encourage geological research, open job opportunities in multiple levels and stimulate the emergence of new production chains in various sectors of the Brazilian economy.

2nd Annual Women in Mining & Resources Leadership Summit (30th November - 2nd December). The 2020 Summit hosted in partnership with the Minerals Council of Australia will bring together the most influential and brightest minds to explore successful gender parity initiatives to increase female leadership and participation in the mining and resources sector. The most effective leadership tools, tips and techniques needed to inspire, support and motivate teams through these uncertain times will be explored.

70ª Convención Anual IIMCh CONSTRUYENDO EL FUTURO DE LA MINERÍA (23th – 25th November). The Chilean Institute of Mining Engineers, as a result of the pandemic, will hold its Annual Convention 100% virtual for the first time. The Institute develops a program of conferences and online activities, with more than 80 presentations, with the intention of reaching nearly 300 participants. The Convention will be aimed to state the challenges that must be faced so that mining continues to be a development pole for Chile.

Some interesting things you may have missed

Foro Virtual Agua y Minería en México: Desafíos para una gestión integrada de agua y territorio

Aportes de Codelco al fisco totalizarán casi US$3.000 millones en período 2020-2021