Canasil Resources Inc. announces the termination of the Exclusivity Period provided for in the Exclusivity Agreement with Silver Dollar Resources Inc. previously announced on April 20, 2023, due to general market conditions. The Exclusivity Period provided Silver Dollar the opportunity to review Canasil’s assets and consider a corporate merger.
The purpose of the Exclusivity Agreement was to give Silver Dollar the opportunity to review Canasil’s assets and consider a corporate merger. Termination of the exclusivity period does not affect the separate Option Agreement between the parties, whereby Silver Dollar can earn a 100% interest in Canasil’s Nora silver-gold property.
Golden Minerals Company today announced that on June 6, 2023, the Company was notified by the NYSE American LLC that it was not in compliance with one of NYSE American’s continued listing standards as set forth in Part 10 of the NYSE American Company Guide.
Heliostar CEO, Charles Funk, commented, “The key to our vision for Ana Paula’s future is to define high-grade, underground-minable gold mineralization. The current drill program’s exceptional intercepts reinforce this view. The results from hole AP-23-293 illustrate the potential with a 139% increase in grade relative to the current resource model, at a >5 g/t cut-off grade.”
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