Harvest Gold Corporation is pleased to announce the appointment of Leonard (Len) W. Brownlie, Ph.D., as a member of the Company’s board of directors, effective immediately.
The Financing will be for a maximum of $250,000 resulting in 2,500,000 Units being issued. Funds will be used to advance the Tabasquena project and for general corporate purposes.
VVC is raising up to CA$2.0 million (US$1.5 million) in a non-brokered private placement of units of the Company at a price of CA$0.05 per Unit.
Greg Crowe, President and CEO of Silver One stated: “The discovery of an undeveloped native silver prospect, with such high grades from near transported vein fragments, is extremely rare. This is particularly true in an active mining area such as Globe, Arizona. Nearby historic mines have reportedly produced significant quantities of native silver and silver mineralization in the late 1800’s. However, most recent exploration and exploitation in the region has been focused on copper, not silver, and a large portion of the Phoenix Silver property is covered by overburden.”
“Our underground development program is confirming Lupita Extension as an important contributor to the future of Mercedes,” commented Stephen McGibbon, Executive Vice-President. “We are now working to determine how best to bring this newest discovery to production.”
“The foundation of value creation for any mining company is increasing reserves, and Hecla’s silver, lead and zinc reserves are the most in our 129-year history,” said Phillips S. Baker, Jr., President and CEO.
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