Santacruz Silver Mining Ltd. announces that it intends to issue an aggregate of 10,342,604 common shares of the Company at a price of $0.432 per share in settlement of outstanding debts totalling C$4,468,005.
Candelaria Mining Corp. announces that the Company and Empire Metals Ltd. have mutually agreed to terminate their agreement for the Company to acquire GMC Investments Ltd., a wholly-owned subsidiary of Empire, as previously announced on October 26, 2020.
James McDonald, President and CEO, states “The 5 Señores Vein is proving to be a well mineralized structure with excellent potential to host significant gold and silver resources. Drilling has now tested 600 meters of the 1 kilometer known vein strike on surface.
“The reported drilling results continue to demonstrate the presence of high-grade precious metal mineralization in unmined zones of the historic Plomosas Mine Area.”
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