“We are honored to be the metals and mining leader on the DJSI World Index and remain focused on our purpose to create value and improve lives through sustainable and responsible mining.”
“The acquisition of Centauro directly ties into our thesis that certain geological terrains of northcentral México are highly prospective to host “Carlin-style” and/or low sulphidation epithermal gold deposits. The many Carlin-style geological features we see at both Centauro and Pedro strongly support this concept,” stated David Tupper, Southern Empire’s VP of Exploration.
Defiance Silver Corp. announces the results of its 2022 Annual and Special General Meeting of shareholders held Thursday, December 8th, 2022.
The primary objectives of the 2021 – 2022 exploration program was to better define the open pit, heap leach gold potential of the porphyry oxide cap at the California Zone, evaluate the potential for deeper copper-gold porphyry sulfide mineralization underlying the oxide cap, test for north and west extensions of the California Zone mineralization at California North and Jasper, and assess the breccia potential of Purisima East.
Because of poor recovery before and after, only the 1.3 metres from 4.2 to 5.5 metres depth was sampled which returned 846.0 g/t silver.
The shareholders voted in favour of the ordinary resolution to approve the proposed acquisition of all of the issued and outstanding shares of La Guitarra Compañia Minera S.A. de C.V from Corporacion First Majestic, S.A. de C.V. in exchange for 69,063,076 common shares of the Company at a deemed price of $0.65 per Consideration Share, having an aggregate value of $44,890,999 (US$35 million).
“The proceeds from this financing will be used to continue drilling at our Palos Verdes project and to complete the mapping and sampling program at the Los Pavitos project and conduct an initial diamond drilling program on that property,” said Craig Gibson, President and CEO of Prismo Metals.
Goldgroup Mining Inc. is pleased to announce it has entered into a loan agreement dated December 9, 2022 with Calu Opportunity Fund LP, previously known as Sail Natural Resources LP in the principal amount of USD$2,160,000.
Chairman and CEO James Anderson said, “Over the last two years the Company has purchased premium Mexican silver assets at rock-bottom prices. As we continue to ramp up production at our four producing silver mines, and as the silver price continues to gradually increase, we are acting now to strengthen our balance sheet in order to deploy targeted capex where it can have the most impactful returns on investment.”
Shareholders approved all items to be acted upon as outlined in the Management Information Circular of the Company dated November 3rd, 2022.
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