Bayshore Petroleum Corp. is pleased to announce that it has entered into a letter of intent dated effective May 17, 2021 outlining the general terms and conditions with respect to the acquisition by Bayshore of all the issued and outstanding share capital of Infinitum Copper Corp.
The proceeds will be used to fund continued drill programs on the Company’s silver-gold exploration projects in Durango and Zacatecas States, Mexico, and for working capital.
“The addition of La Sorpresa III to the Santa Teresa Project is potentially transformational. Our existing JORC Resource is in the northwestern corner of our existing tenement package and its open at the boundary with La Sorpresa III. With La Sopresa III we will have the opportunity to test the interpreted northwestern extension of mineralisation for inclusion into future resource updates.”
“The step out drilling to the west at El Refugio has confirmed continuation of the gold-silver mineralised structure 180m further west. These broad intercepts with high-grade gold and silver are important results for further extensions deeper and to the west at El Refugio. El Refugio continues to produce reportable intercepts with every hole drilled as we continue to expand the resource potential in this part of the Copalquin District.”
Sonoro Gold Corp. has granted, under its Share Option Plan, incentive stock options to certain directors, officers and consultants of the Company to purchase an aggregate of 2,000,000 common shares exercisable for a period of up to two years from the date of grant at a price of $0.30 per share.
During the first five months of 2021, Minaurum has focused on preparing its flagship Alamos Silver project for the resumption of Phase II drilling while continuing to advance both the Santa Marta copper-gold volcanogenic massive sulphide project and the Aurifero silver-gold project to the drill stage.
Silver Tiger’s CEO, Glenn Jessome, stated, “We have stepped out 55 meters to the south from our initial discovery hole on the Benjamin Vein and the super high grade silver within wide mineralized zones continues to hold. It is apparent that the Benjamin is the northern extension of the Sooy Vein.”
Osisko Development Corp. is pleased to announce that, following the annual meeting of shareholders, the Corporation has awarded an aggregate of 41,700 deferred share units to its non-executive directors in accordance with the DSU Plan of the Corporation.
Cesar Gonzalez, Chief Executive Officer of Sailfish states that, “this updated mineral resource estimate places Gavilanes among the highest-grade silver exploration projects in Mexico and is a key milestone in the planned spinout of the asset.”
“We are pleased to report these plans and excited to get the drill turning once again on the excellent targets that we have at El Cobre.”
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