The Company would like to thank the over 180 subscribers, large and small, who have participated in this private placement. We welcome them to our adventure of potential mineral discovery and future production of silver and gold in Guanajuato Mexico.
In order to be transparent regarding the facts surrounding the Company’s decision to file a NAFTA Request for Arbitration and for the benefit of those loyal and interested shareholders and stakeholders, the Company wishes to provide an update and a status summary of the tax dispute.
“Our drilling at El Orito is really showing that the target has very wide zones of mineralization that we feel could make it amenable to low-cost bulk mining,” said Brad Langille, President and CEO. “These kinds of mineralized widths should help to rapidly increase ounces in our upcoming initial mineral resource estimate for Los Ricos North.”
“Recent prospecting, surface sampling, and drilling results suggest the Eastern regions of Los Reyes are likely very prospective. Current work has identified low sulfidation epithermal-style mineralization at 540 to 1080 metres (“m”) above sea level at the Guadalupe East deposit and at historic adits some two kilometres to the east, respectively. We are now more confident that the local mineralized system is at least 500 m in vertical height,” Daniel Kunz, Chief Executive Officer of Prime Mining Corp commented.
Mithril Managing Director and CEO, John Skeet, commented: “We are very pleased to be observing native gold and other important minerals in core sections drilled at El Refugio and eagerly await the assays from the external assay laboratory. Our first soil sampling program for 2021 has been completed with results also due for release shortly.”
Brad Marwood, Managing Director of CZL advised “We are very pleased with the progress made to date commissioning the Plomosas plant. Our modelling indicates a bright future for CZL at Plomosas and the increased cashflow from running the Plomosas and Aldama plants during Q2 2021 should allow CZL to accelerate the expansion of the Plomosas plant to 200 tonnes per day during 2021. The size of operations in production matters, as does direct control of the processes, and the steps taken in the last few months strengthen our business model.”
Red Oak Mining Corp. is pleased to announce at the opening of the markets on Thursday March 11, 2021, the Company’s common shares will commence trading on the TSX Venture Exchange under the new name “Pantera Silver Corp.” and the new ticker symbol “PNTR”.
Canuc Resources Corporation is pleased to announce results from additional rock sampling at the Company’s wholly owned San Javier Silver-Gold Project in Sonora State, Mexico. The latest samples were collected from three previously unsampled areas which were identified as magnetic anomalies in the Company’s recently completed airborne magnetic survey.
“This agreement continues Minaurum’s strategy of unlocking the value of its non-core holdings as it continues to focus on and advance the Alamos silver project”, stated Darrell Rader,President and CEO of Minaurum.
Silver Tiger’s CEO, Glenn Jessome, stated, “The significance of these 2 new holes is we have followed and confirmed the new “Footwall Discovery Zone” for an initial strike length of 75m to the south of hole ET-21-202. The zone is still very high grade and it’s still in the same physical location in all three holes in the footwall behind the actual Sooy Vein. So, we are starting to see this new zone has a similar strike to the Sooy vein and has some dimension and scale with potentially mineable widths and grades.”
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