Day: May 24, 2018

Minaurum Closes Second Tranche of Oversubscribed Private Placement

Minaurum Gold Inc. is pleased to announce that its previously announced private placement is oversubscribed and it is increasing the private placement to $7,000,000, subject to TSX Venture Exchange approval. In addition, Minaurum has now closed the second tranche of the private placement raising $909,999.45. Total gross proceeds raised in the first two tranches are $5,702,499.45.

Canasil Starts Drilling at La Esperanza Silver-Gold-Zinc-Lead Project

Canasil President & CEO, Bahman Yamini, commented: “We are pleased that drilling has resumed at La Esperanza; the project covers a large area hosting multiple vein systems with potential for high-grade silver-gold-zinc-lead mineralization. The main La Esperanza vein, where the recent and current drill programs have been focused, demonstrates signs of a strong mineralized system and has consistently returned wide high-grade intercepts from drilling to date. This vein has only been tested over a limited zone along the potential strike of the vein at a relatively high level in the system. There should be excellent opportunities for expanding the mineralized envelope along strike and to depth.”

Discovery Metals Reports Additional High-Grade Channel Samples From Puerto Rico Project, Averaging 182 g/t Silver, 8.6% Zinc And 3.0% Lead In Manto Mineralization Across Zaragoza Grande Level

Taj Singh, P.Eng, President & CEO states, “Additional assay results from our sampling program at Puerto Rico continue to highlight the high-grade nature and strong continuity of mineralization in the historic underground workings at Puerto Rico. Our mapping and sampling program is progressing well and we continue to be on pace to have drill-ready targets in Q3.”

Hecla Announces Appointment of Larry Radford as Chief Operating Officer

“Throughout his career Larry has demonstrated a strong ability to optimize operations, and you can see this in the improved performance of Greens Creek and Casa Berardi since he joined Hecla,” said Phillips S. Baker, Jr., Hecla’s President and Chief Executive Officer. “With the expected addition of the Klondex assets, Hecla is growing again and his talents will continue to be an important part of our strong team as it integrates and optimizes these new mines.”

Aura Silver Appoints Robert Johansing As Director

“We are pleased to welcome Robert Johansing to the board”, Aura Silver chairman Nick Tintor stated. “Rob’s appointment will enhance the Company’s strategic focus to identify and evaluate new exploration projects for addition to the Company’s portfolio. Additionally, Rob has extensive knowledge of the Company’s Taviche, Mexico project where he acted as lead exploration geologist and country manager during the period from 2006 to 2011. We anticipate that Rob will play an instrumental role in securing a joint venture partner for the Taviche project with an objective of resuming aggressive exploration programs to follow up on significant past drilling success.”

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