The Company intends to use the net proceeds of the Offering, together with the Company’s current cash resources, to develop mining projects and/or improve the Company’s existing mines and to add to the Company’s working capital.
Valterra’s management has launched a new strategy for the Company with a near to mid-term goal to generate revenue through the acquisition and development of small under-capitalized laterite-type freehold gold deposits with processing mills, that have significant scope for growth in the Poconé Gold District, Brazil.
“We discovered the Lechuzas zone adjacent to our Miguel Auza mill in late 2018 and identified a sizeable mineral resource that, when combined with the historic Calvario Vein, is similar to other deposits currently producing in the region,” stated Ben Pullinger, SVP Geology. “This MRE represents a sizeable addition to Excellon’s overall metal inventory and a foundation to further advance the project, as both Lechuzas and Calvario are open for extension along strike and at depth.”
Arturo Bonillas, President and Chief Executive Officer of Magna, stated, “We are extremely pleased with the outcome of this study, which validates our view of value and leverage for San Francisco when we acquired the mine earlier this year. This marks an important milestone for Magna as it provides us with a base case operating plan from which we can drive ongoing optimization, growth, and near-term value creation.”
Solaris Resources Inc. is pleased to announce that its common shares have been approved for trading on the OTCQB Venture Market effective today.
Defiance intends to use the proceeds of the Offering to begin an aggressive exploration program at its Zacatecas projects and for general working capital purposes.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “The more drilling and geophysical work we do, the more it becomes clear we are looking at a big sulphide system at Tabasquena.”
Barksdale Resources Corp. is providing an update on the acquisition of the San Javier del Cobre project in Sonora, Mexico, which was previously announced on August 6, 2020.
Lawrence Page, Q.C., Southern Silver’s President and Director, stated: “Sole ownership of the CLM Project inclusive of the significant resources developed to date allows us great latitude in developing the Project for substantial resource growth. The Transaction also provides a 150% increase in attributable resources which is highly accretive to Southern Silver shareholders. An extensive diamond drill program will begin within the next two weeks designed to develop previously identified mineralization east of the intrusion for ultimate inclusion into the existing resource calculation.”
The First Memorial presents Odyssey’s NAFTA claims that Mexico, among other things: Violated the Minimum Standard of Treatment; Indirectly expropriated the investment; and
Treated the investment less favorably than it treated domestic investors.
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