Primero Mining Corp. announced today that Mr. Ryan Snyder has been promoted to the role of Chief Financial Officer, effective September 15, 2017, and that Mr. Kevin Jennings has resigned to pursue other opportunities. Mr. Jennings will continue to advise the Company until October 31, 2017 to ensure an effective transition of duties.
Glenn Jessome, President and CEO of Oceanus reports, The high-grade gold-silver-base metal mineralization in the Protectora, Caleigh and Fundadora Veins is an exciting new development on the El Tigre property. The results from the mapping and sampling of the underground workings present a series of high priority drill targets for this fall over a 2 kilometer strike length north of the old El Tigre Mine.
Colibri Resource Corporation is pleased to announce that it has closed a first tranche of its previously announced non-brokered private placement. The Company has issued 4,265,000 units at a price of $0.15 per Unit for gross proceeds of $639,750.00. Each unit consists of one common share and one warrant. Each warrant entitles the holder to acquire one additional common share of the Company at a price of $0.25 per share for a period of 24 months following closing. The Units are subject to resale restrictions until January 7, 2018 under applicable securities legislation.
“The first phase of the La Yaqui Mine was brought into production in eight months, a significant achievement and indicative of how quickly we can develop these types of deposits. Alamos will apply this same approach as we look to grow and develop La Yaqui Grande and other targets within the Mulatos district,” said John A. McCluskey, President and Chief Executive Officer.
Golden Minerals Company is pleased to announce the start of a new drill program at its Santa Maria silver and gold project located near Santa Barbara in Chihuahua State, Mexico.
The grassroots exploration program at Yarely this year continues to expand the scalability of the camp states, Randy Reifel, President. Several significant prospects are being advanced and will be systematically drill tested. A greenfield discovery in this district would greatly impact and provide leverage for Metates future development.
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