Gold and Silver Updates


Magna Gold Corp. reported it intersected 302.73 silver equal over 1.30 meters at its La Pima Excessive Grade Silver Goal in Sonora, Mexico.

In a news release, Magna Gold Corp. (MGR:TSX.V; MGLQF:OTCQB) introduced assay outcomes from drilling at its wholly owned La Pima property, which is positioned roughly 24 km northwest of the corporate’s San Francisco Gold Mine. The agency famous that La Pima is an early-stage, extremely potential silver floor goal and acknowledged that it accomplished a geophysical survey at La Pima in September that confirmed constructive outcomes.

The corporate acknowledged that it accomplished a section 1 diamond drill program consisting of 1,719 meters of drilling in 9 core holes on the La Pima goal, which is located within the coronary heart of the Sonora Megashear, which hosts quite a few gold and silver mines. The agency indicated that its work at La Pima is focused on limestone ridges that stretch for about 2.5 km and comprise various floor thicknesses starting from 10 to 40 meters. The corporate acknowledged that the IP geophysics information collected confirms floor sampling and mapping work on the property.

The corporate suggested that it’s now within the strategy of planning a 2,000-meter section 2 comply with up drill program to check another areas of alteration and to additional check the assays obtained at depth.

The agency acknowledged that it’s going to lengthen the drilling depth assessments in 4 drill holes and also will drill six new targets. Of the six new deliberate targets, one is scheduled for the West Goal, two for the Au-Ag goal and the remaining three will probably be targeted on the Pima Mine Goal, south zone.

The corporate’s President and CEO Arturo Bonillas remarked, “Magna is inspired by these drill outcomes and a second spherical of drilling is presently being deliberate to begin in Q1/21.”

The agency famous that the San Francisco gold mine positioned in Sonora State, Mexico, is its main producing asset. The corporate’s exploration stage tasks embody La Pima, Mercedes and San Judas.



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