As previously reported, in December 2019, the Company successfully disposed of its former Mexican operations and, as a result, avoided costly obligations that would otherwise exist.
“I’d be surprised if there are many exploration companies with a small $2 million market value which hold a 100 percent interest in a 5,000 hectare gold-silver exploration property where mineralization is sampled ubiquitously over a large 15 square kilometre area, has undergone two prior successful drill programs and a senior company review leading to the intention to drill over 100 drill targets, and is imminently drill ready.”
The current work program has been focused on the eastern and northeast part of the project covering an area that was previously unexplored by the Company. The area of coverage includes the recently acquired, and previously underexplored, El Tule claim.
Silver Tiger CEO, Glenn Jessome states, “We are very confident that our exploration and development at our El Tigre project will be of great interest to silver investors worldwide. We are very pleased to be trading on the OTCQX which will increase our visibility and accessibility to our current and prospective U.S. and global shareholders.”
Pursuant to an option agreement dated August 7, 2020 between First Majestic and Silver Dollar, First Majestic has acquired ownership and control of 5,146,401 Shares, representing approximately 14.9% of the outstanding Shares.
“We are pleased to welcome Peter Jones as the new Chairman of Reyna Silver. He brings a tremendous amount of experience over a long and successful career which will be critical as we grow.”
The proceeds from the Private Placement are expected to be used by the Company to purchase underground equipment for its Zimapan property and for general working capital and corporate purposes.
The Copper Mark is a new, comprehensive assurance framework that demonstrates the industry’s responsible production practices and contribution to the United Nations Sustainable Development Goals (SDGs).
Riverside’s President and CEO, John-Mark Staude, stated: “Riverside is working hard with Carlyle as its partner at the Cecilia Project. Our geologists and operational team have done a fine job technically managing the program during these COVID times to complete safe and effective work. The high-grade samples crossing high level structures could point to wider potential targets below and we look forward to drilling at San Jose and North Breccia in the near future.”
The royalties provide exposure to five flagship gold assets owned and operated by growth-oriented mining companies. The portfolio includes royalties on Camino Rojo and Ana Paula in Mexico, Cerro Blanco in Guatemala, and Mother Lode and Imperial in the United States.
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