The proceeds of the offering will be used for continued drilling of the El Alamos claim, drilling at the Los Gemelos claim, and for general working capital.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “Our exploration efforts at Tabasquena are coming together nicely with the past drilling and the recent IP geophysical survey. It is important to point out, the IP survey is meant to reveal sulphides through chargeability. The epithermal veins are low sulphidation and relatively small and don’t show up well in the IP survey, however right below these veins is the large continuous chargeability anomaly of over 800 metres from north to south and approximately 250 metres from east to west. Before starting our next round of drilling, we wanted to extend the IP grid to the south, where the anomaly is closer to surface.”
PRIZE MINING CORPORATION announces the resignation of Michael McPhie as CEO, President and a Director of Prize. Gary Claytens has been appointed as CEO, President and Director on an interim basis.
Sierra Metals Inc. announces that the Toronto Stock Exchange has accepted a notice filed by the Company of its intention to amend its previously announced Normal Course Issuer Bid to increase the number of common shares of the Company which the Company may repurchase for cancellation under the NCIB from 1,500,000 Shares, or approximately 0.92% of the issued and outstanding Shares as of the date of commencement of the NCIB, to 2,500,000 Shares, representing approximately 1.54% of the Company’s issued and outstanding Shares as of September 17, 2019.
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