Vizsla Silver Corp. is pleased to announce that it has completed its previously announced bought deal prospectus offering of 23,805,000 units of the Company at a price of C$1.45 per Unit for aggregate gross proceeds of C$34,517,250, which includes the exercise in full of the Underwriters’ over-allotment option for 3,105,000 Units.
“Recent setbacks at both the Yauricocha and Bolivar Mines have prevented us from achieving full production and our turnaround goals within the initially proposed timeline, leading to suspended 2022 operating guidance.”
“Confirming the location of the 1960s drill collars and finding discarded high-grade vein material were welcome bonuses to regaining underground access for mapping and sampling,” stated Darrell Rader, Minaurum Gold President and CEO.
Aztec Minerals Corp. announces that it continues to intersect gold mineralization extending the California Zone to the North with initial assay results for five additional core holes from the recently completed the Phase 3 core drilling program at the Cervantes Project in Sonora, Mexico.
Silver Tiger’s CEO, Glenn Jessome, stated, “More high-grade drill results in the Benjamin Vein over 2 kms along strike north of the Historic El Tigre Mine. Also of note are the wide high-grade intercepts in the Shale Horizon in these drill holes.”
“These exploration results highlight the significant potential to add higher-grade Mineral Reserves and Resources at Puerto Del Aire. They are also a further demonstration of the potential within the Mulatos District and our long-term track record of exploration success.”
“Since the Company is focusing a large amount of its resources to exploration in order to further define the deposit, this may result in a decrease in production from time to time,” clarified Robert Eadie. “This does not reflect the current status of the mine.”
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