Greg McKenzie, President and CEO commented, “We are pleased with the overwhelming support in this capital raise and are keen to move forward with the advancement of the Company’s 100% owned San Diego Project, as well as other strategic opportunities.”
Riverside’s President & CEO, John-Mark Staude stated, “We are delighted to work closely together with Alberto Orozco and the highly experienced Mexico-based technical team on the Peñoles Mining District and the launching of this new spin-out company, Capitan Mining.”
In aggregate, the company issued a total of 25,641,902 Units for gross proceeds of $3,974,495.
The net proceeds of the Offering will be used to fund the Proposed Transaction, complete any required work program in relation to the Proposed Transaction and for general working capital purposes.
Aztec CEO, Simon Dyakowski commented, “Since acquiring an option on the Tombstone project, Aztec has generated several exciting new targets through its methodical evaluation of historic exploration and production data followed by systematic exploration programs. The Phase 1 RC drill program represents Aztec’s first opportunity to test for shallow, bulk tonnage, heap leach, gold-silver oxide mineralization”.
Jorge A. Ganoza, President and CEO, commented, “Although the unprecedented volatility and government mandated shutdowns during the second quarter have resulted in a $5.7 million net loss, our cost and investment reduction plans have allowed us to maintain a neutral free cash flow position from ongoing operations.”
Magna Gold Corp. announces that its board of directors has approved the adoption of a new 10% rolling stock option plan to replace the Company’s existing fixed stock option plan.
“The Company was able to maintain essential activities while fully complying with the government protocols during the state of emergency,” statedLuis Marchese, CEO of Sierra Metals.
“The approved MIA is the next step to develop the Camino Rojo Oxide Project. We can now begin construction and maintain our schedule to produce our first gold in 2021”, stated Jason Simpson, President and Chief Executive Officer of Orla.
Vice President of Exploration, Charles Funk, commented: “This discovery of high grades and good widths at San Carlos further demonstrates the potential of the Panuco project. With discoveries at two vein corridors over 6 km apart and four drill rigs in operation, the scale of the district is being revealed. Drilling under existing workings continues to prove a viable method for new discoveries. San Carlos has been mined down to the water table and underground sampling defined high grade mineralization that was open beneath the mine workings and this hole intersected the vein 55m below known workings.”
Check the Mining State Panoramas
The promotion and dissemination as essential elements to understand and disseminate our Mineral resources, that is why today it is pleased to make the document “Mining Panorama” available to society, by state.
GeoInfoMex, is the consultation system of the Mexican Geological Service that allows users to know geoscientific information and make decisions with savings in time and resources, helping to promote mining activity.
The DOF is the organ of the Constitutional Government of the United Mexican States, which has the function of publishing in the national territory, to so that they are properly observed and applied in their respective areas of competence.
Learn about the current situation of the mining industry as well as the activities carried out by Camimex.
Mexico Mining Center © 2021 / All Rights Reserved
