Silver Tiger’s CEO, Glenn Jessome, stated, “We continue drilling underneath the Northern unmined portion of the El Tigre Mine. We have drilled more high grade silver intercepts in the El Tigre Vein and the Seitz Kelly Vein like the old timers mined up to 1930 when the great depression closed the mine.”
Ranchero Gold Corp. announces that it has signed a Letter of Intent for a US$500,000 working capital loan from American PT Metals LLC. through its wholly owned subsidiary Mexico Minerales y Metales Earth S.A. de C.V.
“We are encouraged by the drill results at Guanacevi, as we continue to delineate high grades in areas which are proximal to the mill and historic working areas. The results announced today demonstrate both growth and steady improvement of the deposit and mine plan,” stated Dan Dickson, Chief Executive Officer.
Jorge Alarcon, CEO of Oztoc, comments: “My goal as CEO is to make a real difference in a business that has centuries of working with the same principals. Some people do not like change, but you need to embrace change if the alternative is a disaster. Together with Galore Resources, we have found a new technology to improve efficiency, save water and prevent diesel contamination. I am proud to announce that we have made an agreement to purchase high end technological equipment that will make us better stewards of the environment and surpass the current process of refining precious metals.”
Due to excess demand, the Company increased the size of the Offering from the $2,000,000 originally announced and issued a total of 4,622,917 units at a price of $0.48 per Unit for gross proceeds of $2,219,000.
“Our ongoing mapping and sampling efforts in the western area of the district have highlighted several new drill ready targets including Cruz Negra,” commented Michael Konnert, President and CEO. “
Newmont announced that Aaron Puna will join the Company’s Executive Leadership Team as Executive Vice President and Chief Technology Officer effective January 2023.
“After a challenging start due to a particularly intense rainy season and some maintenance issues with the drill rig, we are now advancing with the drilling,” said Craig Gibson, President and CEO of Prismo. “The first batch of samples have been sent to the lab for analysis. Results are expected to be received in about two weeks.”
Richard Lock, CEO, commented: “The PEA and updated MRE will represent an important foundation for the intended future sale of the Project. Assets of the quality and favourable location of the Project are increasingly rare and we believe that the MRE and PEA will be a significant step in creating shareholder value as we continue to advance the Project.”
“Over the last year we have seen a major advancement in our understanding of our Pilar and El Picacho projects.”, commented CEO, Brodie Sutherland. “We are excited to continue that advancement with the first large scale bulk sample at Pilar to further confirm the grade and recovery of gold and silver.”
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