Consolidated Zinc Limited advises shareholders that it intends to undertake a new fully underwritten Entitlement Issue on the basis of one (1) New Share for every three (3) shares held by eligible shareholders on the record date at a new issue price of $0.003 per New Share to raise up to approximately $1.7 million.
Significantly, the drilling to date continues to demonstrate that thicker units of high-grade mineralisation occur within the current resource model at Level 7 which is the deepest of the main ore workings developed at Plomosas at approximately 240m below surface.
Consolidated Zinc Limited advises that due to the COVID-19 pandemic, the Mexican Government has instructed all non-essential services to suspend operations until 30 April 2020. After that businesses will be allowed to restart on varying dates from 1 May to 31 May 2020, based on the pandemic status in their location.
The prospect areas to the northwest of Plomosas are prospective for gold as the area has undergone structural brittle deformation resulting in auriferous quartz, hematite veins containing variable copper mineralisation and related alteration occurring during deformation. The confirmed presence of intrusive granite to the north may be the driver for any potential mineralisation occurrence in the Don Lucas concession, which includes the La Chona-Enrique trend.
“The health and safety of ALL people is of paramount importance in the face of this worldwide crisis” said George Paspalas, President and CEO of MAG Silver. “We applaud and support the Mexican Government’s resolve to affect the spread of COVID-19.”
The Arrangement Agreement has been unanimously approved by the boards of directors of Argonaut and Alio, and each board recommends that their respective shareholders vote in favour of the Transaction.
“Our top priority as we navigate the COVID-19 situation continues to be the health, safety and well-being of our workforce, their families, and the communities where we operate,” said Mitchell J. Krebs, President and Chief Executive Officer. “We have put stringent controls and procedures in place throughout the Company focused on (i) controlling and limiting access to our sites, (ii) screening employees and visitors at entrance points, (iii) reducing exposure risk through a range of social distancing protocols as well as proactive sanitizing and cleaning procedures, and (iv) mandating all office personnel work from home. We have also implemented travel restrictions and reporting requirements for all of our employees.”
The Revised Report, entitled “Geology, Mineralization, and Exploration of the Santo Tomás Cu-(Mo-Au-Ag) Porphyry Deposit,”, authored by D.A. Bridge, P. Geol., has been filed in response to comments from the British Columbia Securities Commission.
“I am thrilled to be leading Tarachi Gold Corp and working closely with the Board and all of our team to continue the progress made to date at the Tarachi project, and to be focused on achieving the Company’s strategic goals to build Tarachi into a large gold resource in the shadow of the two producing mines in the region,” stated CEO Lorne Warner.
Camrova Resources Inc. announces that the Right of First Offer to sell its shares of MMB delivered to the other shareholders of MMB and expiring on April 15, 2020 will not be exercised. Kores and the KBC have advised that they do not wish to acquire the shares. Camrova is now free to offer it’s 7.07 % shareholding of MMB to all interested parties.
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