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.
Richard Lock, Oroco’s CEO, commented emphatically: “Today’s drill results have hyper-charged the enthusiasm levels within the project team at Santo Tomas. While Hole N044 is the last hole to be included in our upcoming resource calculations, it is also the best hole drilled on the project to date and augers very well for future development at Santo Tomas.”
“Having secured a project financing commitment from Societe Generale and ING Bank N.V, we are rapidly advancing detailed engineering, procurement and construction of the project with initial production scheduled for Q4, 2024”, commented Dan Dickson, CEO.
“With first concentrate production ushering in the next chapter for Juanicipio, we are extremely proud of the progress that has been achieved as it graduates to a high-quality, low-cost, tier-1 silver producer,” said George Paspalas, President and CEO of MAG.
“These drill results demonstrate excellent potential for a multi-year mine life extension at CLG,” said Dale Andres, CEO of Gatos Silver. “We are continuing to intercept strong widths and grades of silver, zinc, lead, gold and, in the case of the South-East and South-East Deeps zones, copper.”
Gatos Silver, Inc. announced that, further to its announcement on April 17, 2023 that the Company intends to delay the filing of its Annual Report on Form 10-K, it received today a notice from the Toronto Stock Exchange stating that the TSX has commenced a review of the Company’s eligibility for continued listing pursuant to Part VII of the TSX Company Manual.
Tony Makuch, CEO, commented: “We appreciate the support of our existing institutional shareholders and we welcome the new institutional investors who participated in this financing. We are now in a very strong financial position to advance Cordero to a potential construction decision through delivering on key de-risking milestones along with our ongoing feasibility study work.”
“It is our mission to consistently achieve our stated production goals, and in the First Quarter we did just that. Record production of precious metals in Q1 puts us on the right course for 2023 as we look to continue the ramp-up phase across all of our producing assets,” said James Anderson, Chairman & CEO.
Heliostar CEO, Charles Funk, commented “Heliostar continues to move rapidly with our re-scope of the Ana Paula deposit. By focussing on the High Grade Panel at the core of Ana Paula, we believe we can considerably improve the project economics by changing from an open pit mine plan to an underground gold mine plan.”
“We continue to intersect exceptional metal values with the drill bit at the Eagle deposit within Los Ricos South. These holes, combined with additional drilling in the Los Ricos South Main area, should add value to the upcoming updated Los Ricos South Mineral Resource and Preliminary Economic Assessment,” said Brad Langille, President and CEO.
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