Guanajuato Silver Company Ltd. is pleased to announce changes to its senior management team. These changes are designed to support future expansion of the Company’s growing portfolio of mining assets and to augment production from the Company’s wholly owned El Cubo Mines Complex, Valenciana Mines Complex, and San Ignacio Mine in Guanajuato, Mexico, and the Topia Mine in Durango, Mexico.
Radius Gold Inc. is pleased to provide an exploration update for the Tropico gold mineralized “hot spring type” sinter and breccia pipe target within the Fresnillo district, Zacatecas, Mexico. Additionally, Radius proposes a non-brokered private placement of a minimum of 10,000,000 units at a price of $0.175 per unit for proceeds of a minimum of $1,750,000.
Ernesto Balarezo, Interim CEO of Sierra Metals, commented, “Production during the first quarter of the year indicates that we are beginning to realize the benefits of our plan to optimize all aspects of our operations. On a consolidated basis, we achieved a 28% increase in copper equivalent production over the last quarter and a 13% increase over the first quarter of 2022.”
Mr. Barry commented, “After years of frustration as a result of Mexican governmental agencies allowing this illegal blockade to destroy the significant value in our Sierra Mojada project, we are confident in our prospects for success in the arbitration, and firm in our resolve to create value for our shareholders.”
“The program at Dios Padre is shaping up in line with our elevated expectations. Intersecting extensions of the same zone in six of seven holes so far is allowing us to refine our model. The system is clearly multi-stage with localized zones of high-grade Au-Cu mineralization. With more data and the integration of the geophysics we will be able to refine our targeting and vector in on the highest-grade portions of what is shaping up to be an extensive breccia system.” – Michael Tucker – Director and Lead Geologist.
“We are very pleased to see high-grade gold results emerge from our detailed sampling program at Las Auras along with continued high gold and local silver from Santa Cruz”, said Dr. Craig Gibson, President and CEO of the Company.
The Final Tranche was comprised of 19,222,200 units of the Company issued at a price of $0.10 per Unit for aggregate gross proceeds of $1,922,200. In total, the Company raised $3,299,998 pursuant to the Offering, having previously closed tranches on March 13 and 24, 2023 that raised an aggregate of $1,377,798.
“Newmont recognizes that achieving our purpose to create value and improve lives through sustainable and responsible mining, requires a strong commitment to accountability and transparency,“ said Tom Palmer, Newmont President and CEO.
“During the quarter, our Mexican operations saw strong production as a result of higher silver grades and overall plant performance,” said Keith Neumeyer, President & CEO. “At our San Dimas and La Encantada mines, each operation experienced double-digit increases in silver grades as well as higher plant throughputs.”
Pursuant to the agreements, Silver Dollar will provide Canasil with a $200,000 non-interest-bearing loan in return for a two-month exclusivity period to conduct due diligence on the assets of Canasil and an option to earn a 100% interest in Canasil’s Nora property.
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