Under the terms of the Amendment the Company is required to issue 1,700,000 common shares at a deemed price of $0.05 per share which 1,500,000 common shares are to be issued to ProDeMin and 200,000 common shares are to be issued to the land owners of the Cocula Project.
“For 2020, our focus remains on adopting new innovation projects to modernize our processing plants to achieve higher recoveries, improve efficiencies and reduce operating costs,” said Keith Neumeyer, President & CEO.
Highlights include the discovery of a new, high-grade gold occurrence in a previously unexplored area near the Cinco Senores prospect grading 21.37 g/t gold over 2m and 8.94 g/t gold within the entire 5.2m altered zone.
Mr. Rubenstein has served on numerous junior and major mining company boards during the last 38 years and has been actively engaged in the strategic, commercial, governance and government relations aspects affecting the acquisition, financing, exploration, permitting and development of several world class mining projects.
Mexus President Paul Thompson added “With the Santa Elena operation expanding we feel that the fastest and most profitable way to return shareholder value is to find partners for our other properties. My goal is to have all 3 properties either producing or being drilled to a proven resource.”
COO Greg Liller notes, “I am very pleased with the positive results of our surface sampling program. Prime continues to fill in gaps in the existing data base, expand the known limits of the mineralization in the open pit deposits and, most importantly, add shareholder value to the Los Reyes Gold Mine project. In the near term we plan on increasing this program to test previously undrilled exploration targets and add further value.”
Infinite Lithium Corp. announces that further to its press release dated January 15th announcing a non-brokered private placement of up to 8.4 million units at a price of $0.06 per Unit for aggregate gross proceeds of $504,000.00 that due to overwhelming demand it is arranging to increase the financing to up to 20 million units for aggregate gross proceeds of $1,200,000.
Eric Sprott Increases His Investment in Final Tranche
IMPACT Silver Corp. is pleased to announce the results of a sampling program in the Veta Negra area located 3.4 km to the northwest of IMPACT’s 535 tonne per day Guadalupe processing plant in the Royal Mines of Zacualpan District, Mexico.
“Phase I drilling allowed us to outline the footprint of the Alamos District and generate an inventory of silver-rich veins for systematic follow-up drilling,” stated Darrell Rader, President and CEO of Minaurum Gold. “Also, we are pleased to have acquired a significant quantity of historical data and expect that, once reviewed and verified, it will significantly enhance Phase II drill targeting.”
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