Tarachi Gold Corp. is pleased to announce that, further to its news release dated May 3, 2023, it has closed the transaction with Compañia Minera de Atocha S.A. de C.V. for the sale of the Company’s Magistral Project.
New interpretation and analysis at Cruz de Plata based on data collected to date, identifies several important large trends that are prospective for future silver and gold discoveries.
Tony Makuch, CEO, states: “Our Feasibility Study drilling continues to demonstrate the potential to grow reserves at Cordero whilst building further confidence in the underlying resource model. This drill program is nearing completion upon which drilling will then focus on testing multiple highly prospective targets identified by our extensive field programs that have been ongoing since 2021.”
McEwen Mining Inc. today reported that it has repaid $25 million of its senior secured debt payable to Sprott Resource Lending and Sprott is no longer a lender.
Prismo Metals is pleased to announce that Messrs. Alain Lambert and Martin Dupuis have been nominated by the Company to stand for election as new directors of the Company, in addition to current directors Craig Gibson, Jorge Rafael Gallardo Romero, and María Guadalupe Yeomans Otero, who will be standing for re-election.
“The ET area drilling builds on results from our 2022 drill program as well as the January 2023 drill results as we continue to extend the area of mineralization below Level 17,” said David Wolfin, President and CEO. “We drilled 500 metres below our current mine workings to confirm the continuity of mineralization. As we have come to expect with the Avino Vein, the drill intercept widths suggest that this area will be able to be mined by our existing low-cost bulk methods.”
The phase 1 program of surface roadcut sampling and detailed geologic mapping has verified the strong relationships found between the quartz feldspar porphyritic intrusive, phyllic alteration and gold mineralization.
Heliostar CEO, Charles Funk, commented, “We are thrilled with the first holes at Ana Paula. Drill results like this are rare anywhere in the world. Ana Paula’s high grade and consistently wide intervals of gold mineralization demonstrate the underground mine potential. Heliostar will continue the 16-24 hole program designed to increase the Ana Paula resource, with a focus on infill and expansion of the High Grade Panel. Both holes exceeded expectations based on the current resource model.”
Heliostar CEO, Charles Funk commented, “Reinstatement on the OTCQX was a priority upon completing the acquisition of the Ana Paula Gold project. The scale of the transaction required a trading halt on our primary Canadian exchange resulting in a subsequent pause on the company’s OTCQX status until today.”
Ron Goguen, President & CEO of Colibri commented, “SGH is a soil geochemistry exploration method that has been successfully used for the detection of precious and base metal mineralization buried under glacial sediments in the Abitibi region of Quebec and Ontario. We are very pleased to have applied this method and generated such a high quality target at the Main Zone on our EP project in the Sonoran Desert.”
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