Orex intends to use the net proceeds of the Offering to maintain its 40% share of the Sandra Project in good standing and fund its 40% share of the upcoming work program, and for general corporate and working capital purposes.
The men died in a methane explosion at a Coahuila coal mine 14 years ago.
The proceeds of the Placement will be used to fund expanded drill programs on the Company’s silver-gold exploration projects in Mexico.
Peal Mexico S.A de C.V. announces that on June 30, 2020 it acquired 11,000,000 common shares of Magna Gold Corp. under the terms of a settlement agreement between Peal and a subsidiary of Magna entered into to settle an existing arbitration proceeding between the parties in relation to Magna’s San Francisco gold mine located in Sonora, Mexico.
As anticipated by the Company, the Pandemic did not have a material impact on Aranzazu’s operational performance in the second quarter, which the Company attributes to having accumulated inventory at the site and operational efficiency.
Golden Minerals Company announced today that it has signed a letter of intent with Fabled Copper Corp. for a transaction that, if executed, would grant Fabled the option to acquire a 100% interest in Golden’s Santa Maria silver-gold project located in Chihuahua State, Mexico.
Avino Silver & Gold Mines Ltd. reports that production of 158,286 silver equivalent ounces*, 50,581 silver ounces, 459,767 copper lbs, and 404 gold ounces was achieved in the second quarter 2020 from its Avino Mine property near Durango, Mexico.
Commenting on this acquisition, Azure’s Managing Director, Mr. Tony Rovira, said: “Due to the severity of the COVID-19 pandemic in Mexico and the uncertainty of future field operations, Azure sought gold and nickel projects in Western Australia to enable the Company to continue exploration activities.”
Planning for the gold exploration program has continued with desktop studies which have established targets and defined a Scope of Work for immediate commencement of field mapping, sampling and drilling in the current field season.
CEO Michael Konnert stated “Following the announcement of the high-grade results from the Napoleon vein last week, Panuco has demonstrated significant potential at the underexplored district. With the third drill rig on site and expanded discovery drill program, Vizsla can now explore other high potential targets along the Napoleon, Cordon del Oro and Animas vein corridors.”
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