Minera Alamos Announces Private Placement
February 26, 2019
Minera Alamos Inc. is pleased to announce that it is undertaking a non-brokered private placement offering for aggregate proceeds of up to C$5 million.
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Minera Alamos Inc. is pleased to announce that it is undertaking a non-brokered private placement offering for aggregate proceeds of up to C$5 million.
Almadex Minerals Ltd. is pleased to provide an update on its exploration activities and results from a prospecting level diamond drilling program in one part of the Yago project (located in Nayarit State, Mexico) called Gallo de Oro where banded epithermal veins crop out at surface.
J. Duane Poliquin, Chairman of Azucar commented, We are very excited to be moving forward on our comprehensive two year intensive drill program at the El Cobre project. The results have shown the potential for multiple porphyry centres over a five kilometre strike. We look forward to reporting drill results as we move forward.
Silver Spruce Resources Inc. announces that it has closed its current non-brokered private placement and raised gross proceeds of $434,221.03.
I am very pleased to report that for 2018, Gold Resource Corporation delivered its eighth consecutive year of profitability, stated Gold Resource Corporation CEO and President, Mr. Jason Reid. Our Company achieved its annual Oaxaca Mining Unit production goals at a low all-in sustaining cost per ounce of $655 and posted annual net income of $9.3 million or $0.16 per share…”
We are very pleased to release this December 31, 2018 reserve report showing significant increases to reserve tonnes and gold ounces at both the Oaxaca and Nevada Mining Units, stated Mr. Barry Devlin, Vice President of Exploration for Gold Resource Corporation.
We congratulate First Majestic on its exploration success and are extremely pleased with the progress being made on the Ermitaño project, commented Paddy Nicol, President and CEO of Evrim. Ermitaño has the potential to add resources and mine life to the Santa Elena Mine and increase its profitability. Mineralization occurs in two steeply dipping, low sulphidation epithermal veins called Ermitaño and Ermitaño Splay. The bulk of the 3.365 million tonne inferred resource containing of 3.99 g/t gold and 68 g/t silver disclosed by First Majestic on March 29, 2018 is hosted in the Ermitaño Splay structure. According to First Majestic, the 2018 drill program was designed to increase the confidence level and size of the existing inferred resource and the 2019 drill program will investigate the feasibility of open-pit extraction at shallower depths. The progress with permitting is encouraging and we look forward to seeing the results from the planned 16,000 metres of drilling in 2019.
Thomas Atkins, President and CEO of Mammoth commented on the commencement of exploration activities at Tenoriba, stating: “I was very pleased to see, only a week into the new year that Centerra and Mammoth were already coordinating activities to meet and plan the 2019 field exploration program and that geologists for both companies were in the field before month’s end. There’s a lot of work to be done for a new crew to hit the ground on a new project, however Centerra was quick to get their team in gear and in the field.”
Octavio Alvídrez, CEO said: “Since we listed on the London Stock Exchange in 2008, we have successfully built a track record of creating value through growth and returns. We have remained committed to our stated strategy, investing in our business, growing production and delivering returns to our shareholders in what has been a volatile time for the wider mining sector. 2018 was however a more challenging year for Fresnillo.
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