“We have delivered a solid quarter of production, with continued improvement in volumes at both Fresnillo and Saucito particular positives, albeit this was partially offset with the lower ore throughput and expected grade variability at San Julián Disseminated Ore Body.”
“The private placement is a fundamental step in the growth of Empress’ vision and business strategy, and we welcome Rick Rule as a long-term strategic investor,” stated Alexandra Woodyer Sherron, CEO and President of Empress Royalty.
Canasil Resources Inc. announces closing on October 24, 2022, of a first tranche of the previously announced non-brokered private placement covering 3,082,741 units at a price of $0.055 per Unit for total gross proceeds of up to $169,550.
Luis Marchese, CEO of Sierra Metals, commented,“The tragic mudslide event that took place at the Yauricocha Mine last month has been extremely difficult for all of us at Sierra Metals. Safety for everyone remains our highest priority. As such, mining operations have re-commenced at a portion of the Yauricocha Mine, while a very thorough safety assurance process continues before restarting operations in the remaining areas.”
Chris Wright, Chairman & CEO, commented: “We continue to be encouraged by the expanding envelope of mineralization well outside the limits of the current resource area. The mineralized body encountered by high-grade drill holes DDSA-21-36 & 37 and then further at depth with hole DDSA-22-52 clearly demonstrates the strength of the mineral system and the exploration potential at depth outside of the current resource area.”
“The phase II drill program was successful in expanding the dimensions of the Brazo structure in both strike directions and at depth,” said Mike Romanik, president of Silver Dollar. “Interpretation of the drill results is being integrated with the geophysics and surface work to propose the next steps to expand on the Brazo mineralization and test for similar style mineralization proximal to and around the Coloradito intrusive contact. The drill remains on site and can be mobilized quickly.”
Silver Tiger’s CEO, Glenn Jessome, stated, “These next three wide consistently mineralized high grade holes confirm the new discovery in the El Tigre Vein we first reported in September 2022. Drilling continues on this exploration target under the unmined portion of the Historic El Tigre Mine as we follow this wide high grade along strike to the North.”
Richard Lock, CEO, commented: “The continued confirmation and expansion of the Gradeshell with higher grade, shallow seated mineralization is a positive step in achieving our goal of delineating an economic resource of near-surface mineralization amenable to open-pit mining.”
“Exploration continues outboard of the major resource centers outlined in the March 2022 MRE,” commented Michael Konnert, President and CEO. “La Luisa is one of several newly discovered prospects in the western portion of the Panuco District that hosts significant potential to add resources.”
Kootenay Silver Inc. announces that it has amended certain terms of its best-efforts private placement offering, that was previously announced on October 18, 2022. Pursuant to the amended terms, the Offering of units of the Company will be conducted at a price of $0.09 per Unit for gross proceeds of up to $4,000,000.
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