The Company has learned that the Mexican National Banking and Securities Commission (CNBV) notified Accendo Banco, S.A. (Accendo Banco) of the revocation of its authorization to organize and operate as a multiple banking institution due to below the regulatory minimum levels of liquidity coverage ratio of the institution.
Derek Wood CEO of Tocvan commented, “We believe the value of the Rogers Creek Property is not reflected in Tocvan’s current share price and see the proposed Spin-Out to create additional value for Tocvan shareholders.”
“It has been a rough patch for the junior resource sector over the last several months, but we remain laser-focused on creating value for our shareholders,” said Mike Romanik president of Silver Dollar. “We are cashed-up and eager to restart exploration drilling at La Joya.”
Taj Singh, President and CEO, states: “Highlight intercepts from this release are from both the North and South Corridors and demonstrate the potential to expand the higher-grade resource as we tighten up the drill spacing across the deposit through our Phase 2 drill program.”
It now is the belief, that the mineralized diorite dike being encountered in present drilling or re-logged in past historical drilling is the direct cause of the hydrothermal gold domain system and increases with mineralization at depth. The emplacement of the dike caused breccias and sheeted veins to the sides of the walls over considerable widths.
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