This document updates and includes one additional table of results previously not stated in the News Release disseminated earlier today.
As announced by the Company on March 3, 2020, the Company was previously working towards completing an initial public offering of BDRs in Brazil, which plans the Company subsequently suspended in light of the ongoing COVID-19 pandemic as announced by it on March 24, 2020.
“We are proceeding with a careful approach to restarting operations, as we work towards restoring full production levels at our operations while protecting the health and safety of our people,” said Michael Steinmann, President and Chief Executive Officer of Pan American. “The COVID-19 pandemic continues to cause hardship in many of the communities near our operations. We are expanding the humanitarian assistance we have been providing from donations of food and medical supplies to include assistance in sanitation efforts and facilitating access to education.”
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “We are excited to have hit what appears to be a very big sulphide system, with our first three holes into a 3200 metre continuous chargeability anomaly. The first three holes into the anomaly are at the outer edge of the anomaly, where it comes closest to the surface. Now we have a geophysical anomaly that has been hit with drill holes that match up perfectly.”
Por su parte, Rafael Chávez Diosdado, director del Hospital General de Zona No. 23 del IMSS en Parral, agradeció las donaciones del equipo y el trabajo que ha realizado en estos meses la Minera San Julián para generar una concientización entre la población a fin de que cumplan las medidas sanitarias.
Simon Ridgway, President and CEO of Radius, commented, “The potential of this region of Guatemala for significant gold/silver discoveries is proven. The country now has a pro-mining government that sees value in creating employment for its people. Now is the right time for Radius to bring in Volcanic’s focused, well financed, well managed exploration team to make the discoveries that will create wealth for all the stakeholders in this region of Guatemala.”
Red Cloud is a Toronto-based financial services company that provides investor relations services, including assisting with increasing investor awareness and overall marketing of Silver Tiger.
The proceeds of the Private Placement will be used primarily to fund Discovery’s continuing exploration program at its Cordero project and its Coahuila projects. A portion of the proceeds will be used for general working capital purposes.
“Our sustainability report provides investors and other stakeholders a transparent and detailed look at look at our safety, environmental and social performance,” said Tom Palmer, President and Chief Executive Officer.
Proceeds of the private placement will be used for funding exploration of the Buck property and working capital.
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