Zijin Mining to take 9.9% stake in Montage Gold
As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.
SilverCrest Metals (TSX: SIL, NYSE: SILV) announced on Tuesday that it will resume exploration and development work at its Las Chispas gold-silver project in Sonora, Mexico, by mid-May following a temporary suspension due to national covid-19 containment protocols.
The company has also reported in-fill and expansion drill results for the Babi Vista Vein at Las Chispas, highlighting hole BV19-39, which intersected 1.8 metres (estimated true width) grading 78.83 g/t gold and 5,235.4 g/t silver, or 11,148 g/t gold equivalent.
“The Babi Vista Vein continues to add value to Las Chispas as we in-fill drill for resource conversion and expansion of additional high-grade silver-gold mineralization,” said CEO Eric Fier in a media release.
Midday Tuesday, SilverCrest’s stock was up 1% on the TSX. The company has a C$1.28 billion market capitalization.
