Month: November 2019

Greg Crowe, President and CEO commented: “This gradient magnetic survey has been very successful in not only outlining previously known vein systems, but has identified several other structural and geological features that may be important with respect to finding new areas of mineralization. It will also help in understanding the genesis of the mineralizing system.”

“This year we’ve launched the final stages of development of the Juanicipio mine. ” said George Paspalas, President and CEO. “We’re opening up more areas underground, including production cross-cuts through the vein, surface construction has commenced in earnest and every day sees more mill components arriving to site. “

San Marco also announces the appointment of Sharyn Alexander to the position of Vice-President, Technical Services. Sharyn holds a M.Sc. (Geology) degree from the University of Toronto and prior experience includes positions at B2Gold, Barrick Gold (Australia), and SRK Consulting.

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.

Pete Dougherty, President and CEO stated: “Our net cash position increased by $11.7 million during the quarter and as the quarter progressed, we started to see a rebound in operations after a challenging second quarter earlier this year.”

Marcio Fonseca, Goldplay President & CEO stated, “We welcome and thank our new investors who have participated in this Private Placement, adding to our strong list of shareholders. We embrace the opportunity to propel our strategy for systematic exploration and continued resource expansion by way of surface and underground drilling at San Marcial.”

Mr. Greg Smith, current Chief Executive Officer and Director said, “I would like to welcome Dan, Linda, Purni and James to Solaris. We are very pleased to have attracted an executive team of this calibre as we expand our exploration activities and prepare for a public listing.”