Capitan’s CEO, Alberto Orozco, stated: “I’m pleased to report that all of our reported drill holes to date have intersected gold mineralization, highlighting the significant scale of the mineralized system at our Peñoles project.”
Luis Castro, Vice President of Exploration, commented, “We continue to intersect strong drill results as we step out from the current margins of the Melladito and Belen orebodies, with a number of other targets to drill, along both the Melladito and Belen veins.”
“The next phase of drilling and trenching will be an important next step for the company and will provide key information as we move towards development.”
“We are extremely pleased to have met the qualifications for the OTCQX where we will now be able to enhance our liquidity while strengthening our shareholder base.”
Work to date has been positive and continues to suggest that the identified surface copper-gold mineralization on the Rebeico claims may be related to a much larger unexposed subsurface mineralized system.
“Today’s results from Tajitos demonstrate a second significant zone of mineralization in addition to the Napoleon Vein.”
“We would like to thank Hochschild for their contributions and collaboration at Cuarentas. We were pleased with the target generation and exploration phase of the option, and with only a modest (1,500 m) program completed there are plenty of compelling targets that remain untested across a Project with historical production history and demonstrated high-grades from surface sampling.”
The Company intends to use the net proceeds from the Offering for exploration of the Company’s projects and for general working capital purposes.
Carlos Silva, Santacruz’s CEO, stated, “The historic Lomo del Toro zone is a promising area where we have wide mineral bodies with significant silver grades. We anticipate exploration activities to deliver positive results which would allow us to increase our average head grades at the mine.”
“Graduating to the OTCQX Market from the Pink market marks another in a series of important milestones for the Company. This approval will provide increased access to US institutional and retail investors looking to invest in the Company and provide them with the opportunity to share in VanGold’s growth.” said Lisa Dea VanGold’s CFO.
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