El Salvador president proposes bill to overturn metals mining ban
In 2017, El Salvador became the first country in the world to ban forms of metals mining.
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.
