Xali Gold Corp. is pleased to announce that it intends to carry out a non-brokered private placement to raise gross proceeds of approximately Cdn$500,000. Approximately $250,000 of the gross proceeds of the Private Placement will be used to further our permitting and targeting for drilling programs on our gold-silver projects and approximately $250,000 will be used for working capital and general corporate purposes.
“It is the belief that the northwest trending mineralized diorite dike being encountered in present drilling, or re-logged in past historical surface and underground drilling, is the direct cause of the hydrothermal gold domain system and increases with mineralization at depth to the west.”
IMPACT Silver Corp. is pleased to announce high grade silver results from an underground development drilling program in the Pachuqueno area of its Guadalupe Mine in the Royal Mines of Zacualpan District, Mexico.
Canasil Resources Inc. announces a non-brokered private placement of up to 4,000,000 units at a price of $0.125 per Unit for total gross proceeds of up to $500,000 to fund drill programs on the Company’s silver-gold projects in Durango and Zacatecas States, Mexico.
The drill rig will be moving over to the nearby Banderas Property in the next few days and drilling will commence promptly. Drilling will target the deeper extensions of the major gold-silver rich veins where the source and potential convergence zones have never been tested.
Silver Tiger’s CEO, Glenn Jessome, stated, “Our decision to focus our drilling along kilometers of the Sooy Vein, that had limited historical mining, is advancing the El Tigre District very quickly. Step-out drill Hole 244 on the Sooy Vein is located approximately 1.1 kilometers to the south of Discovery Hole 202 and step-out drill Hole 243 is located approximately 1.1 kilometers to the north of Discovery Hole 202. The next step in advancing the El Tigre District is the drilling that we have begun on the Seitz Kelly Vein, which also had limited historical mining.”
Permitting is also progressing well and final permits are expected to be received within approximately one month. Sun River has also advised that most of the equipment required for the reprocessing operation has been procured.
Chesapeake Gold Corp. wishes to report that a 16 hole infill drill program will commence in November on its world class, Metates gold-silver project located in Durango State, Mexico.
“We have had another solid quarter of production from Platosa at the higher productivity rates that we have realized since Q3 2020,” stated Brendan Cahill, President and CEO. “We realized good improvements in mill recoveries late in Q3, which we continue to see as Q4 processing has commenced.”
Newmont Corporation will appoint Peter Toth as Executive Vice President, Strategic Development, a 25-year veteran of the industry to support positioning the Company for the next 100 years of strategic growth for its stakeholders. Toth will join Newmont effective July 1, 2022.
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