“This acquisition further expands our exciting pipeline of exploration projects within the Patagonia mining district. I am excited to not only more than double our footprint within this prolific mineral district, but also add several high-quality copper porphyry drill targets to the portfolio.”
“The size of Napoleon is growing at an astonishing rate with recent drilling forming an 800 m long, up to 350 m deep panel of mineralization with excellent average widths and grades.”
VanGold Chairman and CEO James Anderson commented: “We are very pleased to announce these enhancements to board and management positions without having to search outside of the Company.”
“Parral had another great quarter, generating $6.3 million in free cash flow and $13.0 million for the first six months of the fiscal year, which is being reinvested into Los Ricos, which we believe will generate great value for our shareholders,” Brad Langille, President and CEO stated.
Cesar Gonzalez, Chief Executive Officer of Sailfish states that, “the receipt of the final cash payment from the Transaction and the first delivery from the San Albino gold stream will further bolster the Company’s balance sheet and provide the means to continue repurchasing shares, facilitate the planned spinout of the Gavilanes silver property and explore paying a dividend.”
Taj Singh, President & CEO, states: “The objective of our PEA is to establish Cordero as one of the largest producing and longest mine life primary silver mines in the world with costs in the bottom half of the industry cost curve.”
Endeavour CEO Bradford Cooke commented: “In the face of a global pandemic, our people came together not only to resolve new challenges but also capture new opportunities and create a more sustainable future for the Company. We did not just survive a difficult year, we thrived thanks to our ability to unite in the face of adversity.”
On the San Antonio project in Sonora Mexico, Osisko Development has initiated a drill campaign to confirm and expand on the Sapuchi gold deposit. They have also initiated metallurgical tests and engineering design to advance the treatment of the gold stockpile mined by the previous operator.
The proceeds of the Placement 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.
Rob Birmingham, President & CEO, comments, “With Picachos’ first ever diamond drill program concluded, Brigadier now has a robust dataset from which to plan the next phase of exploration.”
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