Month: October 2019

Magna Gold Corp. Announces Completion of VRIFY Technology Transaction

Magna Gold Corp. is pleased to announce that further to its press release dated June 11, 2019, VRIFY Technology Inc. has completed the provision of technology services to the Company. In consideration of the Services, the Company will issue 99,502 common shares in the capital of the Company at a deemed issue price of $0.25125 per Share.

Gold Resource Corporation Reports Record Third Quarter Gold Production and Increases 2019 Annual Gold Production Outlook by 42%

Gold Resource Corporation reports record preliminary gold production results for the third quarter ended September 30, 2019 of 11,165 ounces, reflecting the growing gold production impact from its Isabella Pearl mine, located in Mineral County, Nevada. In addition, the Company reports preliminary third quarter production of 477,297 ounces of silver and significant copper, lead and zinc.

Golden Minerals Enters Into Option Agreement to Sell Its Santa Maria Project

Golden Minerals’ President and Chief Executive Officer, Warren Rehn, notes, “We feel this is a very positive transaction for Golden Minerals. It will let us monetize Santa Maria’s value while keeping our risk to a minimum. The ongoing cash stream that this transaction presents will be used to further some of Golden’s other exploration projects.”

McEwen Mining Reports Q3 2019 Production Results

Rob McEwen, Chairman and Chief Owner commented: “Exploration continued to shine this quarter with Stock and Grey Fox drill results returning multi-ounce gold intersections at relatively shallow depths. In Nevada, our Gold Bar Mine produced almost 5,000 ounces of gold in September. Drilling at Gold Bar South returned several new drill holes showing broad intervals of grades better than twice that of the current resource, which should enhance the project’s economics. Our focus is on exploration to grow our production and extend the life of our mines.”

Megastar to Purchase a 100% Interest in Cerro Minas Property, Mexico

“Given the exciting results we have announced to date from our Yautepec property, the addition of this land is very compelling for us,” said David M. Jones, exploration manager and director of Megastar Development. “Completely surrounded by our current land holdings, Cerro Minas displays similar epithermal characteristics to targets that we have already identified and, given our early-staged success, adding this land is a natural as we look to enlarge our foot-print in, what we believe, is a very prospective area.”

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