The proceeds of the Private Placement are to be used for exploration and advancement of the Company’s Las Minas Project, payment of outstanding invoices, and for general working capital.
“Silver Spruce now has experienced boots on the ground at our large grassroots property in a very productive region only two kilometres from our El Mezquite property and adjacent to Minera Alamos’ Santana project. We have maintained technical continuity in our Sonora-based geological team which started working this past week on the Jackie property,” said Greg Davison, Silver Spruce VP Exploration.”
The exploration program planned by Silver Spruce includes prospecting, rock, soil and stream sampling, and initial geological and structural mapping of areas exhibiting significant alteration or mineralization.
Luis Marchese, CEO of Sierra Metals, commented:“We continue to put the health and safety of our employees and communities first. Despite the impacts of COVID-19 on our operations, I am very pleased with the Company’s strong production results. The hard work and efficiency gains of our employees resulted in a solid year of production in 2020.”
Candente Gold Corp. is pleased to announce that the Company will change its name to Xali Gold Corp. on Tuesday January 19th, 2021. The new trading symbol will be XGC, CUSIP number will be 98387F103 and ISIN will be CA98387F1036. The website will also be changed to www.xaligold.com.
IMPACT Silver Corp. announces that it has granted, pursuant to its stock option plan, a total of 2,110,000 stock options to directors, officers, and employees exercisable at a price of $0.90 per share for a five year period.
Golden Minerals Company (NYSE American and TSX: AUMN) announced today that it has received written notice from the NYSE American LLC that the Company has regained full compliance with the continued listing standards outlined in Part 10 of the NYSE American Company Guide.
Rodrigo Barbosa, CEO of Aura, comments: “During the past several years, we focused on (i) developing new strategy and asset portfolio, (ii) strengthening our balance sheet, and (iii) building a culture of responsible and high-performance management. As evidenced by our record preliminary 2020 annual production, this focus is paying off.”
Jody Kuzenko, President and CEO of Torex, stated: “All of our work related to Media Luna is very much on track – the progress of the feasibility study itself, the infill drilling program, the early works program, and the permitting. Our decision to reschedule the release of the updated Technical Report will result in a more robust economic study that is based on the most timely and complete information – one that we are confident will demonstrate a smooth transition between the ELG open pits and the ramp-up of Media Luna.
The proceeds from the sale of the Shares will be used for the exploration, development and/or improvement of the Company’s existing mine properties and for working capital and general corporate purposes.
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