Of the total proceeds of $810,750 received, $645,750 will be used for drill programs on the Company’s silver-gold projects in Durango and Zacatecas States, Mexico, and for working capital, and the $165,000 FT portion will be used to fund qualifying exploration programs on the Company’s copper-gold projects in British Columbia, Canada.
“We have receipt of flight data from our LiDAR survey and are updating the Pino de Plata technical database while negotiations remain ongoing for an access agreement with the landowner to allow drilling on several highly promising silver targets,” said Greg Davison, Silver Spruce Vice-President Exploration and Director.
Discovery Silver Corp. is pleased to announce its financial results for the three months ended September 30, 2021 and to provide a summary of key events for the quarter and subsequent to quarter-end.
“We are very excited to deliver this updated Reserves and Resource statement for our Santa Elena operation which includes for the first time, the addition of Mineral Reserves at our Ermitaño project located only four kilometers away from the Santa Elena processing plant,” stated Keith Neumeyer, President and CEO.
Fabled Silver Gold Corp. announces the results of surface diamond drilling from the upgraded 14,400 -meter drill program on the “Santa Maria” Property in Parral, Mexico.
The net proceeds of the Offering will be used to fund exploration on Juanicipio and MAG’s other projects including Deer Trail, certain sustaining capital requirements at the Juanicipio Project not included in the initial project capital estimates, and for working capital and general corporate purposes.
“Our Campo Morado team have produced another excellent quarter of operational results,” stated Ralph Shearing, CEO.
Today, Newmont Corporation announced the appointment of Dr. Emma FitzGerald and Mary Laschinger to its Board of Directors effective December 1, 2021.
“As we approach the release of the initial Mineral Resource Estimate at Los Ricos North, we have initiated metallurgical testing for the identified deposits. We are very pleased to report that the initial non-optimized metallurgical results show the cyanide leachability of the Casados, El Favor, and La Trini deposits,” said Brad Langille, President and CEO.
In the Financing, the Company issued a total of 23,385,752 common shares raising gross proceeds of CAD $818,501.36.
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