Aloro Mining Corp. announces that, due to market conditions, it will not be proceeding with the balance of the private placement as announced by News Release dated March 20, 2023.
Dr. Craig Gibson, President and CEO commented: “Recent assays from trenches have confirmed that the narrow high grade quartz veins defined in surface sampling at Los Pavitos are hosted by wider mineralized structures. This is important because wider zones of gold mineralization near surface could be important for future development of the property. We are looking forward to exploring these mineralized zones by drilling, planned to commence shortly.”
Mike Struthers, CEO, commented, “We are delighted to have accomplished our goal of reaching 500 tpd at Tahuehueto. This achievement is a testament to the dedication and collaborative efforts of our site teams, contractors, management, and staff.”
Dale Andres, CEO of Gatos Silver, said: “CLG delivered strong free cash flow in the first quarter of 2023 helped by stable cost of sales and lower sustaining capital expenditures compared to a year ago. We continue to maintain our current annual production and cost guidance for the full year.”
Net proceeds of the Offering, if any, together with the Company’s current cash resources, will be used to fund the construction and development of the Company’s Terronera Mine, to advance the evaluation and development of the Pitarrilla and Parral properties, to assess potential development stage mineral properties for acquisition, to fund the potential acquisition of other development stage mineral properties, for continued exploration on the Company’s existing mineral properties and to add to the Company’s working capital.
Ron Goguen, President & CEO of Colibri commented, “Our compilation and interpretation of exploration data covering our “EP” project, consisting of our Evelyn property and the newly acquired Plomo property, has provided the Company with a strong foundation for continued exploration.”
VP Exploration Rob Macdonald stated: “Southern is very encouraged by the results from this most recent metallurgical test program on the CLM Project which will allow the incorporation of +70% recoveries of gold from both oxide and sulphide mineralization into the process flowsheet.”
Golden Minerals Company is pleased to announce that it has closed its previously announced registered direct offering for the purchase and sale of an aggregate of 1,427,587 shares of common stock at a purchase price of $1.45 per share in a registered direct offering.
Bear Creek Mining Corporation announces that its Board of Directors authorized and approved, and today granted, 450,000 incentive stock options to Mr. Eric Caba pursuant to the Company’s incentive stock option plan.
Orex’s President & CEO, Ben Whiting, P.Geo., said; “Positive engagement with the local community is an important part of our ongoing commitment to social responsibilities. Money provided this way will go directly to the needs of the local community.”
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