Fabled Silver Gold Corp. is pleased to announced a non-brokered private placement of up to 14,285,714 units at a price of C$0.07 per Unit for aggregate gross proceeds of up to $1,000,000.
“While we were unable to identify any significant mineralization in the area of the Brasiles Zone most proximate to the historical exploration activity, we were very encouraged by our initial results from the Brasiles West Zone,” stated Craig Dalziel, Oroco’s Executive Chairman.
Mr. Ramshaw stated, “We are happy to have received the support of a longstanding institutional shareholder in the amount of $3.85 million that will allow us to plan and advance the Cerro de Oro gold project in an optimal manner as we drive its progress through permitting without drawing on financial resources committed to the advancement and growth of our Santana gold mine. I am happy to show my ongoing commitment to the Company through my participation alongside the other placee.”
Fresnillo paid over USD $441M to the government of Mexico in 2021.
“We welcome Zoya to the Board of Directors and look forward to benefitting from her experience going forward,” stated André Fortier, Chair. “She brings experience in Mexico from her time at Torex and in leading environmental technologies in her current role at EnviroGold Global. Additionally, her strong financial and accounting background will be an excellent addition to our Audit Committee.”
“The recent discovery of a significant exposed gold mineralization system located within our greater Santa Rita concession area is extremely exciting and confirms our belief that the areas surrounding the Cerro de Oro project area are prime targets for the development of additional gold resources,” said Darren Koningen, CEO of Minera Alamos.
“With social media participation becoming more and more important for companies such as ours, we are very pleased to be continuing our relationship with AGORACOM, whose forums are built specifically to facilitate intelligent discussions,” stated Joanne Freeze, President and CEO of Xali Gold.
The second hole is directed at a shallow angle to the north and has been designed to intersect the high chargeability anomaly at depth, as well as a zone of circular concentric fracturing interpreted to represent an intrusive centre, all within the lithocap alteration footprint.
“I am very pleased with the re-election of Directors and look forward to continued work with each of them as we build our future in Mexico and beyond. We have an accomplished, skilled and diverse group of Directors – and for the first time in our history have achieved gender parity on our Board – something we are very proud of as we continue to do our part to seek greater diversity within the mining industry.”
Orex’s President & CEO, Ben Whiting, P.Geo., states: “It is always exciting to start a new phase of exploration and diamond drilling is one of the most important steps. We and our joint venture partners look forward to advancing the Sandra Silver-Gold Project.”
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