Azures Managing Director, Mr Tony Rovira, commented: This initial Oposura Mineral Resource is a very positive outcome for the Companys development and production strategy. Containing over 220,000 tonnes of zinc and lead and 1.6 million ounces of silver in near-surface, high-grade mineralised zones, Oposura is presenting a strong case for mine development.”
The Company intends to use the net proceeds of the Offering for continued drilling, geological, engineering and metallurgical investigations and associated consulting services on its Manto Negro Copper Project located in Coahuila State, Mexico.
Doug Fulcher, CE0 and President of the Company noted The recent results from the geochemical, geophysical, and geological programs are more encouraging than expected. We look forward to compiling all the data to focus on the 4,000 meter drilling program to test coincidental targets.
Dan O’Flaherty, President and CEO of Maverix, commented, “We are pleased to have completed another transformational transaction that meaningfully increases our scale and cash flow, further diversifies our portfolio geographically and significantly increases our attributable gold equivalent resources. While a limited number of the royalties were repurchased for cash at full value, we expect the resulting increase in our financial capacity will enhance and accelerate our ability to continue to grow our precious metals royalty and streaming portfolio.”
Golden Reign Resources Ltd. (TSX-V: GRR), Marlin Gold Mining Ltd. (TSX-V: MLN) and Sailfish Royalty Corp. (TSX-V: FISH) are pleased to announce that they have entered into an agreement to further extend the termination date of the previously announced non-binding letter of intent regarding the business combination of Golden Reigns wholly-owned San Albino-Murra Property in Nueva Segovia, Nicaragua and Marlins La Trinidad Mine in Sinaloa, Mexico.
Martin Rosser, Chief Executive Officer, said: “We are delighted with the grant of our patent in Chile for a Method for Ammoniacal Leaching. Chile is the world’s largest producer of copper and a leader in copper heap leaching. We believe that there are significant opportunities in the country where AmmLeach® has major benefits compared to conventional acid leaching methods.”
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