The Company intends to use the net proceeds from the offering for advancing its current mining projects and exploration prospects, for additional operating capital and for general working capital purposes.
Kootenay President and CEO James McDonald states, “These results continue to show excellent resource potential at Columba with all holes reporting good silver mineralization. We are now seeing silver in widespread stockwork/breccia zones which we believe may coalesce into high grade ‘feeder’ veins a little deeper than tested.”
Technical Director of Alien Metals, Bill Brodie Good, commented that “based on a full review of the final due diligence report and geological assessment of the 17 rock chip samples taken in relation to the historical prospects as well as the fact that both project areas are very underexplored and would appear to have potential for further mineralisation, I am excited to make the decision to exercise the option with Windfield and to start planning for more detailed exploration work for the coming field season in the region”.
Orex intends to use the net proceeds of the Offering to maintain its 40% share of the Sandra-Escobar Project in good standing and fund its 40% share of the upcoming work program, to make the necessary payments under its existing option to acquire 100% of the Cordero Project and for general corporate and working capital purposes.
The board of directors of Jinchuan Group International Resources Co. Ltd. announces that due to personal reason, Ms. Sun Wei has tendered a resignation letter resigning from the position of joint company secretary of the Company and all other positions with the Company and the subsidiaries of the Company with effect from 18 November 2019.
4,827 tonnes of ore mined, significantly higher than the 1,363 tonnes mined in September as the Company increased ore mining production during the month
Numerous exceptional native silver specimens have recently been recovered by miners in the Guadalupe Mine between levels 15 and 30 in an area on the main Lipton vein named the Jewelry Shop.
Observations made during the study have identified 7 exploration targets of interest within the two areas thus far. Upon receipt of the geochemical sample results from the program Colibri will determine next steps of the program which will include drilling and a possible geophysics program.
Negotiation talks between the company and union workers broke down last Thursday after both sides failed to reach an agreement.
Taj Singh, President and CEO of Discovery states: “We are pleased to join the OTCQX Market. Our current and future investors will benefit from a stronger and more efficient platform to trade within the U.S. that also provides us with significant additional market exposure.”
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