Plata Latina Minerals Corporation announced that the Company has agreed to settle indebtedness of C$201,250 owing to its directors for accrued directors fees from 2015 to present, and indebtedness of C$30,000 owing to its former CFO for a portion of the indebtedness owing to her as accrued management fees.
Chris T. Grijalva, CEO stated, Preliminary property assessment has allowed us to recognize the porphyry gold-copper-moly potential for Espiritu SMR, the magnitude of which is unknown. The area will be re-mapped to determine the surface extent of the system(s). Our first pass review suggests the mineralized zones are open in all directions. We still need to understand the zoning and other possible controls of the mineralization in order to best target future drilling. San Marco is taking the Espiritu potential very seriously and, for this reason, has engaged an experienced, high calibre expert who immediately will create and execute an aggressive and systematic exploration program. We are targeting late November for completion of this first-pass program.
Goldplay President and CEO Marcio Fonseca commented, “The grant of the drilling permit opens the door for Goldplay to move forward with its objectives to delineate new mineralized zones beyond the historic NI 43-101 resource estimate area. This will also allow the identification of new discoveries in the 3.5 km long mineralized trend and providing additional drilling information to support a Preliminary Economic Assessment of the San Marcial Project in 2019.”
Santacruz Silver Mining Ltd. reports that at the Annual General Meeting of shareholders of the Company held on October 17, 2018, a total of 50,915,529 common shares of the Company, representing approximately 29.2% of the Companys issued and outstanding common shares as at the record date, were voted.
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