The Circuit Court rejected the appeal lodged by Texas-based DynaResource Inc. and its Mexican subsidiary to vacate the Arbitral Award, which had found that DynaUSA had improperly diluted the Company’s interest in the San Jose de Gracia Mexican mining project, which Goldgroup had earned into pursuant to an option agreement between the Company and DynaUSA.
The net proceeds from the Offering will be used principally to fund Sonoro’s ongoing development plans at its Cerro Caliche Gold Project located in Sonora, Mexico, including completion of metallurgical testing, preparation of a 43-101 resource update, a Preliminary Economic Assessment, in addition to property maintenance payments, and secondarily for corporate and general administrative expenses.
A Mexican bill that aims to bring more workers into the formal economy by sharply limiting companies’ ability to subcontract labor cleared a final legislative hurdle on Tuesday, with a vote of approval in the Senate.
“The Company has completed the planning for the Phase 1 2,000 metre drill program and will select the drill contractor shortly. Mobilization of the rig and geological team to the Property is planned during the first week of May.”
“The approval from our board achieves another key milestone in our goal to create value for our shareholders. Vizsla Copper as a standalone company will control a portfolio of promising exploration-stage projects in British Columbia and will provide the attention they deserve,” said Michael Konnert, President and Chief Executive Officer of Vizsla Silver.
Mr. Jonathan George, CEO, commented: “Dante’s background includes extensive hands-on exploration on projects of varying size and scale, from early-stage exploration through to production. We are excited for his involvement in Ridgestone as we prepare for an active 2021 with exploration programs planned for both the Guadalupe y Calvo (GyC) and Rebeico projects in Mexico.”
“These recent drill intercepts coupled with the recently announced high grade silver drill intercepts in the Benjamin Vein, 1.2 kilometers to the north of Discovery Hole 202, provide multiple pierce points over 2.2 kilometers on the Sooy Vein. We now believe the Benjamin Vein is the northern extension of the prolific Sooy Vein.”
Our Phase 1 drill program, which will conclude at the end of this month, will form the basis for our upcoming resource update and PEA scheduled for the second half of the year. Drill results to date, including those presented today, have surpassed all expectations, and demonstrate the scale, continuity and higher-grade nature of the mineralized system at Cordero.”
Empress Royalty Corp. is pleased to announce the appointment of Natascha Kiernan to the Board of Directors. Empress is also pleased to announce the appointment of Javier Reyes as a Strategic Advisor and David Laing as Technical Advisor to the Company.
Stroud has commenced drilling on its Silver-Gold project at Santo Domingo in Jalisco. The Company has initiated a 3,000 metre drill program on the project and will be starting a second 7,000 metre drill program with its own drill shortly.
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