Following the completion of the Plomosas mine acquisition, the Company immediately commenced an extensive program at site to revitalize and upgrade operations and equipment, and bring on new technical and supervisory staff. Planned upgrades will allow for an expansion of production and an aggressive exploration program has been prepared to potentially grow the size of the existing resource.
“We are excited to initiate our maiden drill program at our Jemi Project. We have de-risked this Project from both ESG and technical aspects, and our next step is to confirm our geological models through drilling.”
“Engaging local stakeholders is always our priority, and we look forward to working with the Peña community to advance the Nora project responsibly and respectfully,” said Michael Romanik, president of Silver Dollar.
Sonoro Gold Corp. is pleased to announce that it has closed the first tranche of its previously announced C$3,000,000 non-brokered private placement by issuing 17,000,000 units at a price of C$0.10 per Unit, for gross proceeds of up to C$1,700,000.
Prime Mining Corp. Chief Executive Officer Daniel Kunz commented, “Today’s exciting results from Z-T are significant as they further demonstrate high-grade mineralization at depth, and open significant potential for mineralization in these currently untested gaps. These are among the highest grades and deepest intercepts we have encountered at Z-T to date.”
The proceeds of the Offering will be used exclusively for qualifying Canadian Exploration Expenditures (“CEE”) (as such term is defined in the Income Tax Act (Canada), in conducting an exploration and mineral resource evaluation program on the Silvertip Property in British Columbia to determine the existence, location, extent, and quality of the silver, lead, and zinc on the Silvertip Property.
Shawn Howarth, President and CEO, commented: “We continue to advance our proposed acquisition of La Negra, though recent market conditions have made the associated previously announced subscription receipts financing challenging.”
“I remain excited about Odyssey’s future as the company continues exploring the ocean for critical mineral resources in increasingly high demand. Odyssey is in a better position now to continue transitioning towards leadership in marine mineral exploration and investment,” said Mr. Jones.
Gold Resource Corporation announces Joe Driscoll, Independent Director of the Board of Directors, has resigned from the Board, effective immediately, in order to devote more time to other personal and professional interests.
Canuc Resources Corporation is pleased to announce closing of a first tranche of a non-brokered private placement financing, raising gross proceeds of $1,285,000 CAD through the issuance of 16,062,500 units at $0.08 per unit.
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