Consolidated Zinc Limited (ASX: CZL; “Consolidated Zinc” or “the Company”) provides an update to the fully underwritten pro-rata non-renounceable rights offer (“Offer”) to raise $2,481,127
Paul Benson, President and CEO said, “During the third quarter, we delivered over 100,000 gold equivalent ounces from our three operations, with each mine achieving solid production results and operating performance. Each operation continues to track well against our improved production guidance for the year, positioning us to meet or exceed consolidated production guidance for the eighth consecutive year.”
Torex Gold Resources Inc. maintains regular and open dialogue with all shareholders and stakeholders. As part of our open dialogue, we welcome and consider all feedback from shareholders and consider such feedback in the Board’s regular review processes. The Board, as it always has, uses best practices to ensure that there are no circumstances which would interfere with the execution of a director’s fiduciary responsibility to Torex and its shareholders.
Vizsla Resources Corp.’s shares were up by almost 80% Wednesday October 9 following a resumption of trading that came after the company said it had received conditional approval from the TSX Venture Exchange to acquire Canam Alpine Ventures Ltd., a company that holds underlying options on the Copala-Panuco silver district in Sinaloa, Mexico.
Newmont Goldcorp Corporation confirmed that the illegal blockade of the Peñasquito mine in Mexico was lifted yesterday. The Company continues to work closely with the federal and state governments toward a sustainable, long-term solution, and lifting of the blockade paves the way for the government-sponsored dialogue to resume. Operations at the mine remain temporarily suspended pending further evaluation of the situation on the ground and assurances that the blockade will not be allowed to resume.
Terrence Martell, Chairman of VVC Exploration, said, “The decision by the Board represents a logical outcome of our successful efforts to confirm the size of the resource and receive the necessary regulatory approvals to begin work at the site. Both represent years of hard work and patient effort on the part of our management and Mexico-based operations team. I would like to take this opportunity to thank VVC’s management and staff on behalf of the Board and shareholders for their hard work and continued effort.”
Colibri Resource Corporation wishes to announce that, subject to regulatory approval, it has completed a private placement in the amount of 3,260,000 units for gross proceeds of $163,000 and incurred cash commissions of $4,200.
Sable Resources is pleased to announce that the first drill test will begin this week at its 100% owned Vinata Project. The initial program consists of a minimum of 2000m of core drilling to test the outcropping upper level epithermal veins and their projected extension under shallow quaternary gravel. This Phase 1 drill program will be expanded should positive results warrant additional drilling.
The proceeds of the private placement will be used to incur “Canadian Exploration Expenses” on the exploration on the Buck property which qualify as “Flow-Through Mining Expenditures” under the Income Tax Act. Such expenditures will be renounced to subscribers effective December 31, 2019.
Gregory Beischer, Millrock President & CEO commented “We have developed a compelling drill target at West Pogo. Numerous lines of evidence are pointing to the area along Aurora Creek, which is directly along strike to the southwest from a new, high grade discovery reported by our neighbours next door. We plan to construct a drill trail from the Pogo Gold Mine road to Aurora Creek and drill a well to provide a nearby, winter water source. This will give the flexibility to begin drilling in the winter months of 2020.”
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