Benjamin Hill Mining Corp. is pleased to announce their inaugural drill program for their never before drilled Sonora Gold property in the Caborca Gold belt of Sonora Mexico. The program consists of 80 strategic drill holes targeting the main mineralized structures in the Caracahui, Caracahui North, Sonora Copper, La Salada and Antenas exploration areas.
“The latest drilling identified more and thicker intervals, the best assays to date and significant low-grade multi-metal haloes which point to the importance of the structural targets generated from the geological data compilation. Many of these targets remain to be drilled in a proposed Phase 2 program.”
Fabled Silver Gold Corp. is pleased to announce that it has entered into an arrangement agreement with its wholly-owned subsidiary, Fabled Copper Corp. pursuant to which the Company proposes to spin out its interest in the Muskwa copper project in northern British Columbia by distributing the shares the Company holds in Fabled Copper to the shareholders of the Company through a statutory plan of arrangement currently anticipated to be on the basis of one Fabled Copper share for every five common shares of Fabled held.
Lorne Warner, Tarachi VP of Exploration commented: “Tarachi’s geological team had anticipated the diamond drilling would locate an extensive hydrothermal system after review of our previous drilling program and the system remains open along strike. Regionally these hydrothermal systems which are related to porphyry type deposits and breccia pipes are known to occur in the area.”
“The new credit facilities contribute an additional $25 million in working capital funding, providing us with increased financial strength and flexibility to execute on our objectives of replacing resources, extending mine life, and unlocking the regional potential of the Tucano Gold Mine,” stated Sandra Daycock , Great Panther’s Chief Financial Officer. “
Millrock President and CEO Gregory Beischer commented: “El Picacho has great exploration potential for large-tonnage, bulk minable gold deposits, and higher-grade, vein-hosted deposits. We had previously dropped our option on the Project, but it was readily reinstated. In turn, we are very pleased to assign our rights to Tocvan in exchange for royalty interests that may begin cash flowing in a relatively short time period.”
Sable Resources Ltd. is pleased to present the Company’s planned exploration activities covering multiple projects located in the well-endowed Miocene Mineral Belt of San Juan in Argentina and along the Central Mexico Silver Mineral Belt.
Equinox Gold Corp. is pleased to announce the results of a Pre-Feasibility Study for an expansion at the Company’s 100%-owned Aurizona Gold Mine located in Brazil. By mining the underground and satellite open-pit deposits concurrently with the existing Piaba open-pit, the expansion would extend the Aurizona mine life to 11 years with average annual production of 137,000 ounces of gold per year and total life-of-mine production of 1.5 million oz of gold.
Altaley Mining Corporation is pleased to announce that its common shares are now trading on the OTCQX Best Market under the ticker symbol of ATLYF.
Kootenay Silver Inc. is pleased to announce the results of its annual and special meeting of shareholders held on September 15, 2021.
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