Azucar Minerals Ltd. announces that, pursuant to its Stock Option Plan, it has granted stock options to certain directors and officers of the Company to purchase an aggregate 413,000 common shares in the capital of the Company at an exercise price of $0.13 per share which expire on June 14, 2023.
J. Duane Poliquin, Chairman of Almadex, stated “It is gratifying to see GMTN make such rapid progress at Elk. We are very excited by the possibility that our 2% NSR royalty on this Project will become the first cash-flowing royalty in the Company’s portfolio.”
Almaden Minerals Ltd. is pleased to announce that it has completed a surface induced polarisation geophysical (IP) program at the Ixtaca deposit, Mexico.
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.”
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