Silver Viper Minerals Corp. is pleased to announce that it has closed the first tranche of its $6 million private placement announced on May 25, 2021, issuing 9,717,061 units of the Company at a price of $0.47 per Unit for aggregate gross proceeds of $4.57 million.
Dr. Thomas S. Kaplan, Chairman of The Electrum Group, Gatos Silver’s largest shareholder, stated “It is a wonderful testament to the institutional quality of Gatos Silver that an executive with Dale’s exceptional pedigree has joined the company’s leadership.”
Carlos Silva, CEO of Santacruz, stated: “The first quarter of 2021 has been a pivotal quarter for Santacruz as we started to see the results of our efforts to increase production at Zimapan both as to throughput tonnage and head grades as we ramp up production from the Lomo del Toro mineralized zone.”
Mel Herdrick, Sonoro’s VP of Exploration noted, “I am pleased that these latest drill holes show the area between the two gold bearing zones, which was previously considered barren, does in fact carry gold mineralization. It is a very encouraging ending for what has been a very effective drill program.”
VanGold Mining Corp. is pleased to announce that it has signed a definitive agreement with European based metals trading firm OCIM Group to obtain a non-dilutive US$7.5m financing in the form of a silver and gold loan to strengthen its balance sheet during the refurbishment of the Company’s El Cubo mine and mill complex located approximately 11 kilometers east of Guanajuato City, in central Mexico.
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