A strong conductive body west of the mid-pit appears to be related to a small intrusion with surrounding incipient hornfels and skarn alteration on surface. This is the exactly the geological environment we want to see for potential CRD massive sulfide mineralization in the underlying Paleozoic limestone sequence.”
MAG Silver Corp. announces that, pursuant to a transaction among Reyna Silver Corp. (formerly named Century Metals Inc.), Reyna Silver Mining Inc. (formerly named Reyna Silver Corp.) and a wholly owned subsidiary of the Issuer, MAG has acquired, in exchange for its existing preferred shares of the Target and for no additional consideration, 14,556,706 common shares of the Issuer together with certain contractual rights of participation in future issuances of Company Shares.
Greg McKenzie, President and CEO commented, “We are pleased with the strong support in this raise. Eric Sprott and a group of participating cornerstone investors collectively share our strategic goal of creating value for all shareholders.”
The explorer holds several properties, most notably the flagship Guigui as well as Batopilas, both of which were spun out from MAG Silver, and both are located in major silver districts in northern Mexico. The firm’s large land package encompasses more than 30,000 hectares.
Territory’s key asset is the Tip Top Gold project located in Esmeralda County, Nevada USA.
Pursuant to the Secondary Offering, Pan American sold 10,350,000 common shares of Maverix at a price of US$4.40 per common share for aggregate gross proceeds of US$45,540,000.
Equinox Gold Corp. announces that Neil Woodyer has retired from the Company’s Board of Directors to pursue other interests.
TORONTO–(BUSINESS WIRE)–Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) announces that the Peruvian Government has activated phase two of
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