Aggregate gross proceeds under the Offering were $6 million. Silver Viper intends to use the net proceeds from the Offering for working capital requirements and other general corporate purposes.
Minaurum Gold Inc. is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. to act as sole underwriter and bookrunner, pursuant to which the Underwriter has agreed to purchase, on a bought deal basis, 17,500,000 units of the Company at a price of C$0.40 per Unit for aggregate gross proceeds of C$7,000,000.
Defiance Silver Corp. is pleased to announce that it has closed the previously announced brokered private placement of 12,777,778 units at a price of C$0.90 per Unit for gross proceeds of C$11,500,000.
Tarachi VP and Director Lorne Warner commented: “The results in JAB-21-14 confirmed that the underground diamond drilling and surface reverse circulation drilling programs returned similar assay results.”
“We are excited about the future prospects for Jackie given the lack of historical exploration and the intense silicate and oxide alteration with high-grade precious metal values ranging up to 9.65 g/t Au and 515 g/t Ag identified in the target area anomaly which will provide the main focus for the new program,” said Greg Davison, Silver Spruce VP Exploration.
“The results from the 2021 surface drilling program at the La Colorada Vein are very encouraging. La Colorada, together with the San Juan and Yecora veins, continue to deliver near surface, high-grade silver and gold results over significant widths. These results are being incorporated into the maiden San Juan Area resource estimation, expanding the mineralized zones along strike and down dip.”
Greg McKenzie, President and CEO commented: “These drill results are very encouraging, proving our concept that the large bulk tonnage underground targets are prime for expansion.”
Great Panther Mining Limited, a growing gold and silver producer focused on the Americas, reports that all proposed resolutions were passed at its Annual General Meeting (the “Meeting”), held on June 9, 2021, via virtual webcast.
Warren Rehn, President and Chief Executive Officer of Golden Minerals, commented, “We are pleased with the first results of the near-pit exploration drilling program, as these intercepts indicate that we should be able to expand the currently modelled high-grade zone to the north.”
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