GR Silver Mining Ltd. announces that it proposes to undertake a non-brokered private placement of up to 15 million units at a purchase price of $0.10 per Unit, to raise total gross proceeds of up to $1.5 million.
Vizsla Silver Corp. is pleased to announce its intention to spin out the shares of Vizsla Royalties Corp., a wholly-owned subsidiary of Vizsla Silver, to the Company’s shareholders. Vizsla Royalties currently holds, indirectly, a net smelter royalty on any potential future mineral production at Vizsla Silver’s flagship, 100% owned Panuco silver-gold project located in Sinaloa, Mexico.
Guanajuato Silver’s Chairman & CEO, James Anderson said, “We are excited to have reached this agreement which will utilize a considerable amount of the excess capacity that exists at our El Cubo mill. We believe both parties will mutually benefit from this agreement, as we collectively look to expand silver production in the Guanajuato area through the processing of low-cost and readily available material.”
CEO Vikas Ranjan commented: “We believe that 2024 will be a key year for Vortex, as the company will be advancing towards permitting both VMS projects in Mexico while advancing the highly prospective brownfield Illapel project in Chile. The Illapel project is adjacent to the Rio 27 mine, which has processed approximately 400,000 tonnes of ore at an average grade of 1.39% copper. Our senior geologist John Larson has identified highly prospective drill targets adjacent to and along the strike from the Rio 27 mine.”
“Our 2023 production results reflect the significant contribution from the assets we acquired through the Yamana transaction, and are broadly in line with our expectations,” said Michael Steinmann, President and Chief Executive Officer.
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