CARLYLE COMMODITIES CORP. is pleased to announce that it has amended the terms of an aggregate of 15,827,000 warrants (each, a “Warrant”) issued by the Company in connection with its non-brokered private placement which closed in three tranches on March 27, 2020, April 29, 2020, and May 15, 2020.
“We continue to show excellent cash flow from our mining operations and report our second quarter of $0.03 per share earnings bringing us to $0.06 per share for the 6 month period,” reported Robert Eadie, CEO and President of the Company.
Net proceeds of the financing will be used to advance Valterra’s recently implemented Brazilian gold program and for working capital.
Carlos Silva, CEO of Santacruz, commented, “Management is very pleased to have reached this accommodating mining lease extension agreement with Minera Cedros in these difficult Covid-19 operating times. We believe that we are well on our way to being able to complete the acquisition of the Zimapan Mine in early 2021.”
Monarca Minerals, Inc. is pleased to announce that it is advancing toward an initial approximately 5,000m drilling program at San Jose.
GR Silver Mining President and CEO, Marcio Fonseca, commented, “The assays resulting from GR Silver Mining’s current Plomosas drilling program continue to validate the presence of a large hydrothermal system at the Plomosas Mine Area. They have identified a wide mineralized corridor on the hanging wall of the Plomosas Fault with attractive precious and base metals grades. Our integration of the recent and historic drilling data continues to define new Au-Cu-Ag-Pb-Zn mineralized structures and is discovering several attractive, near surface Pb-Zn zones. The integration of all data for the first time in a 3D model, is a valuable exploration tool to maximize the opportunity to continue to drill and expand the footprint of the potential resource area.”
Silver Viper’s President and CEO Steve Cope states, “Exploration continues at the project and we are happy to report that the drilling continues to advance at a steady pace. The reconnaissance drill testing in the outlying areas of the Rubi plateau is now complete and we have returned our attention to the main El Rubi area in order to extend known mineralization and to firm up our understanding of the structural controls within discovery area.”
Donn represented Tocvan Ventures at the Discovery Mining conference in Guadalajara Mexico this past November and has already helped build relationships within the private and public sector of Mexico.
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