Candelaria Mining Corp. would like to provide an update on the acquisition of the interests of Empire Metals Ltd. in the Bolnisi gold and copper project in the Republic of Georgia as previously announced on October 26, 2020.
Solaris Resources Inc. is pleased to announce that it has received conditional approval to list its common shares on the Toronto Stock Exchange and graduate from the TSX Venture Exchange.
“We have two rigs turning underground right now, with a number of targets to follow-up on. A critical target is the “Gap Zone,” an area of potential sub-vertical mineralization that was never properly drilled historically from surface and that is open to our developing 10-20 target, 300 metres away. This area represents a significant opportunity to define additional mineralization at Platosa.”
Under the terms of the option agreement, Ridgestone has the right to acquire a 100% interest in the project through payments over a four-year period of US$1.5 million in cash and US$1.75 million in shares based on the 20 day volume weighted average price of the shares preceding each issuance, plus US$0.75 million in exploration expenditures, for a total commitment of US$4 million.
“This first pour represents a tremendous milestone for Golden Minerals. Not only have we brought Rodeo online amidst the many challenges presented by Covid-19, but we have brought it to production both on time and on budget. I’d like to extend my heartfelt thanks to all our employees and business partners who helped us achieve this milestone,” said Warren Rehn, President and Chief Executive Officer of Golden Minerals Company.
Alamos Gold Inc. is pleased to announce the appointment of John Fitzgerald as its Vice President, Projects. Mr. Fitzgerald will lead all engineering, procurement and construction activities for the Company’s development projects.
Vizsla President and CEO, Michael Konnert, commented: “Intersecting over ten kilograms per tonne silver equivalent in such a large step-out significantly expands the size potential of the Napoleon shoot.”
Premier Gold Mines Limited is pleased to announce the anticipated management team for i-80 Gold Corp, proposed to be spun-out to Premier shareholders as part of the acquisition of Premier by Equinox Gold.
“I want to remind our shareholders that gold sales, as stated in prior press releases, has occurred and that additional sales are forthcoming. In addition, investors should expect to see a steady increase in the amount of gold being processed, recovered, and sold as we move forward,” added Mexus CEO Paul Thompson.
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