Garibaldi Resources is pleased to provide this update further to the Company’s November 24, 2020 news release announcing completion of an initial tranche of a non-brokered flow-through private placement totaling $2,033,200 CDN by the issuance of 3,388,666 units at 60 cents per unit.
“These intercepts add weight to the proposed theory that not only do the north – south structures slightly off set the east to west structures but they are more importantly mineralized. We expect to see this become more pervasive in the next fence of holes a further 200 meters to the east and to be in the middle of what is interpreted to be the center of the North – South structure intersecting the Santa Maria.”
Stephen Orr, the Company’s Chief Executive Officer, stated, “The completion of this definitive agreement with Dowa represents the achievement of two important use of proceeds objectives from the Company’s recent initial public offering. Increasing Gatos Silver’s interest in the entire Los Gatos mineral district to 70% and extinguishing the WCF are significant milestones and value-catalysts for the Company, which emerges, upon completion of this transaction, with a substantially increased share of this prolific new silver and zinc rich district.”
“The fully-funded increases to the drilling campaign, with the addition of Phases 2 & 3, as well as the PEA-recommended drilling on the Oxide Tailings resource, totaling 30,600 additional metres, are consistent with our strategy to increase value for shareholders in the long-term through drilling on the Avino Property”, said David Wolfin, President and CEO.
K2fly Ltd has announced that Coeur Mining Inc has signed a 5-year resource inventory management software-as-a-service (SaaS) contract to roll out to five sites.
The error occurred in the first paragraph where it should have read, “Each unit consists of one common share priced at $0.25 per share, and one half of one common share purchase warrant” instead of “one common share purchase warrant.”
Capstone Mining Corp. is saddened to report that a fatal accident occurred at its Cozamin mine in Mexico on March 7, 2021.
Capitan’s CEO, Alberto Orozco, stated: “We are continuing to test extensions of the gold-silver mineralization at the Capitan zone with results to date, demonstrating that the mineralized envelope continues to grow. It is important to note we are also defining new targets as our understanding of the geology continues to evolve.”
The Company issued 5,000,000 common shares at an offering price of $0.20 per share for gross proceeds of $1,000,000. The securities issued under this private placement are subject to a four month and one day hold period, expiring on July 6, 2021. No commissions or finder’s fees are payable in connection with this financing. The net proceeds of the Offering will be used for financing the balance of the first phase of exploration work on the Ana Maria property, and the Company’s general working capital requirements.
Proceeds will be used for drilling on the Company’s San Javier Silver-Gold Project.
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