Day: April 20, 2021

Goldgroup Provides a Legal Update

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.

Sonoro Gold Announces Closing of Oversubscribed $3.1 Million Private Placement

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.

Mexican Lawmakers Approve Contentious Outsourcing Law

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.

Vizsla Silver Announces Spinout of Vizsla Copper Corp.

“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.

Ridgestone Mining Announces Appointment of Dante E. Aguilar Casillas as Mexican Country Manager

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.”

Empress Strengthens Board and Team

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.

Drilling Underway at Stroud’s Santo Domingo Property

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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