Drilling has resumed at the Guadalupe de los Reyes epithermal gold-silver project in the northern Mexican state of Sinaloa.
Northern Crown Mines (COB-V) is carrying out a 20,000-metre program to develop a growing gold-silver resource.
The work is focused on the Guadalupe Mine zone, where summer drilling returned several intersections of more than 60 metres grading 2.2-2.6 grams gold and 40-105 grams silver per tonne.
Northern Crown envisages an open-pit, heap-leach operation at Guadalupe.
A brokered private placement of 4 million special warrants has been fully subscribed at a renegotiated price of $1.30 per warrant.
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