NEW YORK, June 8, 2021 / PRNewswire / – The global health crisis may have contributed to a drop in demand for silver, but 2021 has rekindled optimism, with experts predicting demand for the white metal to reach 1.025 billion ounces, the level the highest in eight years. Silver will continue to be valuable and in demand thanks to current economic conditions in developed countries, its role as a safe haven and its function in the development of manufactured products. While silver prices remain high, countries like Mexico have experienced a boom in silver exploration and the development of mining projects. Some of the active mining stocks include Gold Minaurum inc. (TSXV: MGG) (OTCQX: MMRGF), Hecla mining (NYSE: HL), Fortuna Silver Mines (NYSE: FSM), First majestic silver (TSX: FRI) (NYSE: AG), and Blackrock Silver (TSXV: BRC) (OTC: BKRRF).

Mexico’s first silver and gold exploration company Gold Minaurum inc. (TSXV: MGG) (OTCQX: MMRGF) is focused on building an exploration portfolio with the potential for district-wide gold, silver and copper discoveries in three key regions: South Sonora State (SSS), Oaxaca Region (OXR) and the Guerrero Gold Belt (GGB). At May 18, Gold Minaurum posted a company update on its exploration activities. Among the projects currently underway since the start of 2021 are the Alamos Silver project and the Santa Marta volcanogenic massive copper-gold sulphide project.

Minaurum‘s Allamos money project is located in the silver mining area of ​​the Alamos mining district, in the south of Senora state. Minaurum has finished 30,000 m to drill in Alamos high grade epithermal vein system and discovered 26 distinct vein zones in Phase I of the project. Phase II of the Allamos The silver project will focus on the systematic expansion of silver veins discovered in the first phase and will progress with exploratory drilling to discover new silver shoots.

The 6,410 hectares Santa Marta project hosts a significant copper-gold VMS exploration target traced over 900 meters with historical sampling and Minaurum returning copper values ​​ranging from 1.0 to 11% copper. As one of the leading experts in VMS with over 40 years of experience studying VMS deposits, Dr. Jim Franklin’s the opinion is that “Santa Marta appears to have all the classic characteristics of highly productive VMS systems, such as the semi-continuous Flin Flon deposit consisting of the main mine, Calinan and Triple 7. “ Minaurum designed an initial drilling program and submitted a drilling permit for environmental approval.

Minaurum has also entered into joint ventures with other silver miners in projects such as the Taviche silver-gold project in collaboration with Fortuna Silver. In the project, Fortuna can earn an 80% interest by making cash payments totaling $ 1,450,000 and incur $ 4 million in work expenses over three years. Drilling at the Taviche project is expected to start at the end of 2021. Taviche is located next to Fortuna’s largest silver mine, the San jose mine.

Other mining projects the company is working on include:

• The Auréna project
• The Biricu and Vuelcos del Destino projects
• Adelita copper-gold project advanced by Infinitum Copper Corp

Minaurum intends to market its projects district-wide due to the growing demand for precious metals. The company has already signed two option agreements and is in negotiations to conclude other agreements. Minaurum announced the first Option agreement with Fortuna Silver Mines for the Taviche mining project on January 7. The company announced the second option agreement with Infinitum Copper Corp for a joint venture on the Adelita Cuivre-or project on March 9.

Exploration activity on the rise

Hecla mining (NYSE: HL) also released its exploration report for the first quarter. According to the report, the company’s exploration efforts at Green Racer Sinter have resulted in the discovery of high-grade gold and silver mineralization in the Sinter Vein, making it “one of the best holes in the world. exploration drilling in North America last year. ”The increase in exploration activity resulted in spending of $ 6.0 million in the first quarter and the company expects to increase its exploration spending in 2021 following an increase in drilling activity at the Hecla mines. In addition to the company’s exploration efforts in Midas, Hecla has also focused its exploration efforts on two main platforms at San Sebastian thanks to its short vertical reverse circulation drilling program. You can read more about the exploration results here.

Fortuna Silver Mines (NYSE: FSM) and Roxgold Inc. have begun filing and mailing management circulars and meeting materials for their shareholder meetings to approve the proposed business combination between the two companies. Fortuna and Roxgold announced the business combination project create a low-cost, intermediate global producer of precious metals. Meetings will be held on June 28, 2021, via a virtual format only to mitigate the risks of COVID-19 for stakeholders. All shareholders will have an equal opportunity to participate in their respective shareholder meetings. Anticipating the closing of the transaction, Fortuna announced that Kate harcourt, the current director of Roxgold will be appointed to the board of directors.

First majestic silver (NYSE: AG) (TSX: FRI) possesses ad a 1.3 million Canadian dollars investment in Blackrock Silver, an exploration company with a portfolio of gold and silver properties in Nevada. First Majestic currently owns three silver mines in Mexico and a recently acquired gold mine in Nevada. The investment agreement provides for the private placement of 2,666,666 units. The offer is scheduled to close on June 8, 2021, subject to conditions such as receipt of necessary approvals, including approval from the TSX Venture Exchange. The offer will be subject to a blocking period of four months and one day from the closing date.

Blackrock Silver (TSXV: BRC) (OTC: BKRRF) ad more high-grade gold and silver interceptions from its core and RC drilling program on its Tonopah West project Nevada. The company completed 53,000 meters of drilling in less than a year and identified ten high grade veins between 400 meters and up to 1.5 kilometers in direction. On the Merton vein, the company discovered two distinct high grade zones. This vein is part of the company’s DPB target, which forms the basis of the company’s first resource estimate, which is scheduled for delivery by the end of the year. The company’s impressive exploration results give investors “a lot of short-term perspective.”

As the demand for silver and other precious metals increases, companies like Gold Minaurum inc. (TSXV: MGG) (OTCQX: MMRGF) are taking steps to explore mineral veins and forming key partnerships to facilitate their exploration and mining activities.

To learn more about Gold Minaurum Inc, Click here.

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