The Private Placement, subject to acceptance by the TSX Venture Exchange, will raise aggregate gross proceeds of $1,400,000 to be used for exploration and advancement of the Company’s Las Minas Project, payment of outstanding invoices, and for general working capital.
Reyna Silver Corp. announces the grant of incentive stock options for the purchase of an aggregate of 502,400 common shares to consultants of the Company, pursuant to the terms of the Company’s Stock Option Plan.
Golden Minerals President and Chief Executive Officer, Warren Rehn, commented today, “I’m very pleased to announce that Golden Minerals has officially transitioned to gold-silver producer from exploration company. Despite the Covid-19-related uncertainties of the past year, we’ve been able to develop this project and put it into production ahead of schedule and on budget.”
Orogen Royalties Inc. is pleased to announce the appointment of Daniel Pace as Vice President of Exploration of the Company. Mr. Pace takes over from Mr. Dave Groves, who is retiring from the Company.
“For the second consecutive quarter, Parral made GoGold self-funding by paying all of the exploration and administrative costs for the Company.”
“Despite the challenges of operating during the pandemic, 2020 marked a year of very strong operational performance with silver production significantly exceeding guidance,” said Hecla’s President and CEO, Phillips S. Baker, Jr.
Avino President and CEO, David Wolfin commented: “We are thrilled to have successfully gone over and above replacing mining depletion since the previous report, by adding significant additional measured and indicated resources at the Avino property. The updated mineral resource estimate provides us with a robust long-term outlook.”
Capstone have indicated that they have planned an initial 2,500m drilling program as part of their required $450,000 USD expenditure commitment for 2021. Drill locations will be finalised following interpretation of the IP report, with provisional planning well underway.
The Company wishes to confirm that the case pertaining to its Ixtaca mineral claims is not being heard at the Supreme Court level and therefore this reported ruling cannot relate to the Company’s Ixtaca project.
The La Esperanza silver-gold-zinc-lead project covers 14,916 hectares, located 100 km SSE of the city of Durango in southern Durango and northern Zacatecas States, Mexico. The project is easily accessible from Canasil’s operating base in Durango with excellent infrastructure. The project is located on the well-recognized world class Fresnillo silver belt, hosting a number of prominent silver mines such as the San Martin-Sabinas mines of Grupo Mexico and Industrias Peñoles, the La Colorada mine of Pan American Silver Corp., Fresnillo PLC’s Fresnillo mine, and the Fresnillo-MAG Silver Corp. Juanicipio mine.
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