The proceeds of the Offering will be used to further develop the Cariboo Gold Project, other exploration assets of Osisko Development and for general corporate purposes.
Chris Wright, Executive Chairman & CEO, commented: “Our exploration team has continued to advance our district exploration model, as it has yielded favorable targets throughout the Zacatecas Camp. The Lucita option represents a key milestone for Defiance Silver in establishing a district-scale land package at our Zacatecas projects and furthering our exploration thesis and strategy in the district. Not only does this project contain historical high-grade drill results with demonstrable exploration targets at depth and on-strike, it also has discovery potential at the multi-kilometre long Palenque structure.”
Valterra Resource Corporation reports that it has closed the first tranche of its previously reported private placement by issuing 7,220,330 Units at a price of $0.075 per unit for gross proceeds of $541,524.75.
J. Duane Poliquin, Chairman of Almaden, stated “We were hoping to be able to reduce our mineral claims in order to demonstrate that we have no interest in any mining or exploration activity in the area of the Ejido Tecoltemi. However, the agents of the Ejido have to date prevented us from doing so, in order to allow them to continue with a case against the Government of Mexico.”
The Company also announces the appointment of B.H. (Ben) Whiting, M.Sc., P.Geo., as President and CEO and as a Director of Orex effective immediately.
Vizsla Resources Corp. is pleased to announce that Mahesh Liyanage has joined its executive team in the role of Chief Financial Officer.
The Company has issued 3,831,165 units at a price of $0.12 per Unit for aggregate proceeds of $459,740.
Tarachi Gold Corp. is pleased to announce that Mahesh Liyanage and Jen Hanson have joined the Company. Mr. Liyanage has joined the role of Chief Financial Officer and Ms. Hanson has joined the role of Corporate Secretary of the Company.
“Tocvan’s work over the past year has generated new target areas and shown great potential for deeper mineralization. Phase I drilling will focus on expanding known mineralization within the Main Zone whilst acquiring important data to continue advancing the new target areas for later drilling. Field crews are on-site with COVID-19 mitigation plans in place and are ready to commence drilling.”
The drill program will consist of up to 1,500 metres of reverse circulation drilling and has been planned to confirm selected historical drilling and extend mineralization in the Main Zone along strike. Tocvan anticipates that the drilling will provide important structural information to assist in planning a subsequent drill campaign to test the interpretations of deeper mineralization based on geophysical results and structural interpretation.
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