“We are greatly encouraged by the robust width and grade intersected in hole 6, confirming the Margarita vein continuity for 500m”, commented Ruben Padilla, VP Exploration of Sable Resources. “Results for pending holes which test the Margarita structure further at depth and along strike are expected shortly.”
By acquiring Marlin, post spin-out of certain loans and assets, shareholders of Golden Reign (to be renamed Mako Mining Corp.) will benefit from the producing La Trinidad Gold Mine in Mexico, over $6,000,000 in cash and no debt, and an unencumbered, fully permitted, high grade gold development asset in Northern Nicaragua. With the issuance of new shares at an exchange ratio of 0.5138, Golden Reign will be issuing 91.2 MM new shares in connection with this transaction, which will bring its shares issued and outstanding to 283.4 MM, stated Kevin Bullock, CEO of Golden Reign.
The exploration success we have seen across the portfolio in recent quarters continues, said Phillips S. Baker, Jr., President and CEO. The teams at Casa Berardi, Greens Creek and San Sebastian are discovering high-grade material, both at surface and at depth. A new focus is our 110-square-mile land package in Nevada where we are integrating the existing exploration team and ramping-up drilling.
The report written by Cesar gives a clear outline as to our plans for this property. A 43-101 report with a proven resource will give us a bankable reserve moving forward. We are speaking to multiple parties who have shown interest in helping with a drill program, added Mexus CEO Paul Thompson.
“This funding is a viable alternative to raising equity in the current capital markets and will enable Colibri to continue our goal of expanding and further confirming our resources: stated Ronald J. Goguen, President of Colibri.
The Report is based on technical inputs from various independent consulting groups, including; SRK, Redco, Anddes, Kappes Cassiday and Flopac and was compiled under National Instrument 43-101 standards by Mining Plus Peru SAC. There are no material differences in the Preliminary Economic Assessment results contained in the Report from those disclosed in the June 18, 2018 news release.
Equinox Gold Corp. and Solaris Copper Inc. are pleased to announce that they have completed the previously announced plan of arrangement under the Business Corporations Act with Equinox Golds securityholders effective as at 12:01 a.m. (Vancouver time) on August 3, 2018.
ValOro Resources Inc. [TSX-V: VRO] today announced the appointment, effective August 1, 2018, of Dunham Craig as ValOro’s President and Chief Executive Officer in place of Kiran Patankar, who has resigned. Graham Thody has assumed the position of Chairman of the Board, in the place of Mr. Craig. Mr. Patankar has also resigned as a Director of the Company.
Harvest Gold Corporation (TSX.V: HVG) is pleased to announce that, further to its news releases of June 8, 2018 and June 22, 2018, it has closed a third tranche of its non?brokered private placement issuing an additional 3,550,000 units at a price of $0.05 per Unit, raising additional gross proceeds of CDN$177,500 for a total of CDN$657,100 gross proceeds raised (net proceeds $609,200) to this point in the Private Placement. Each Unit consists of one common share and one transferable common share purchase warrant exercisable at $0.10 per share for a period of two years.
Jim Culver, CEO of VVC said, We at VVC continue to be excited by the results of the drilling program which has provided the Company with very encouraging data. I encourage readers of this news release to go to the VVC website where the drilling data and associated information are presented for the Phase I, and Phase II drilling and partial information on the Phase III drilling program is also given.
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