First Mining Gold Corp. is pleased to announce that due to strong demand, the Company has upsized and closed a second tranche of its previously announced non-brokered private placement financing for gross proceeds of $5.1 million.
An aggregate of 2,263,666 units at a price of $0.15 per Unit were issued in the Final Tranche for gross proceeds of $339,549.90 and the net proceeds are expected to be used for ongoing working capital requirements relating to the Rebeico gold-copper project in Sonora, Mexico.
Chesapeake Gold Corp. is pleased to provide a further update on the exploration program at its Crisy and San Javier prospects in Durango State, Mexico. Crisy and San Javier are located 15 kilometers south and 12 kilometers southeast, respectively, of Chesapeake’s world-class Metates Project. Metates hosts one of the largest undeveloped gold, silver and zinc reserves in the world.
Defiance looks forward to updating shareholders and conference attendees about the ongoing exploration programs at the San Acacio Silver Deposit and the Advanced-Stage Tepal Gold-Copper Deposit.
Avino Silver & Gold Mines Ltd. announces that on February 25, 2020 Avino acquired 6,290,000 common shares of Talisker Resources Ltd. through the exercise of 6,290,000 Talisker share purchase warrants at a price of $0.25 per share.
Candelaria Mining Corp. is pleased to announce that the Company has received subscriptions for an offering, on a non-brokered private placement basis, of 4,237,042 units of the Company at a subscription price of $0.25 per Unit for aggregate gross proceeds of up to $1,059,261.
“Our third quarter results reflect a normal part of our operational pattern, as mining and exploration companies shut down operations, in some cases for extended periods, over the holiday season. This quarter, we saw earlier shutdowns than last year, particularly in South America,” said Denis Larocque, President and CEO of Major Drilling Group International Inc.
Almaden believes that the Amparo is not related to any genuine Ejido concern regarding its surface rights and lands. Instead, the Amparo is a broader legal challenge by foreign-funded anti-development NGOs against Mexico’s mineral title regime using Almaden’s mining concessions as a test case.
Silver Spruce Resources Inc. announced today that the Board of Directors has appointed Ronald J. Goguen as its President, CEO and Director, effective March 1, 2020. Ron brings extensive business and financial acumen, particularly in exploration, mining and drilling services, to the Company.
Thomas Atkins, President and CEO of Mammoth commented on activities at Tenoriba, stating: “Mammoth believes it’s a significant vote of confidence on the mineral potential at Tenoriba that Centerra, with its experience in geological systems similar to those which host gold at Tenoriba, has elected to continue with the Tenoriba option in 2020.”
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