Upon completion of the Transaction, the new company will be named Capstone Copper Corp.
Alan Pangbourne, President & CEO, states: “We are very pleased to see that these 5 infill holes continue to support our belief that the intrusive continues to be materially higher grade than previously modeled and should have a very positive impact on the new block model, mine plan and PFS. We expect to complete this infill drilling program by the end of March.”
“The Fernandez Zone clearly demonstrates higher grades as depth increases, and consistently showcases very broad intervals of mineralization”.
“The key properties which we sold are primarily porphyry copper targets, one of which is drill ready. Our stakeholders will now have significant exposure to copper exploration, with no direct costs to Sun Summit. Exploration will be carried out by an experienced Green Earth management team, who we know well.”
“Although the results of JES-22-59 are visual at this stage, the direct correlation with assays results in the twin RC hole JES-20-32, indicate our Main Zone is hosted within a mineralized breccia.”, commented CEO, Brodie Sutherland.
The Company intends to use the net proceeds of the offering for continued exploration and development activities at the Company’s Magino project and for general corporate purposes.
Kootenay Silver Inc. announces that, due to strong investor demand, it has agreed with Research Capital Corporation, as sole agent and sole bookrunner, to further increase the size of the previously announced best efforts private placement offering of units of the Company at a price of $0.16 per Unit for gross proceeds of up to $5,434,782.72.
The company expects to commence fieldwork on the La Texana Concession within the month. The fieldwork will entail detailed geological and structural mapping and rock sampling of the entire concession and take approximately 45 days to complete.
Rob Macdonald, Vice President Exploration stated: “The identification of a significant new lens of mineralization on the north side of the Cerro highlights the continued exploration potential of the property.”
Great Panther Mining Limite, a growth-oriented precious metals producer focused on the Americas, reports the filing of the “NI 43-101 Technical Report on the Topia Mine Mineral Resource Estimates as of March 31, 2021”.
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