Month: February 2024

Avino Provides Outlook for 2024 and Highlights Its Major 2023 Milestones

“In 2023, we delivered on several important goals starting with a successful drill program which focused on the area below Level 17, the current deepest workings at the Elena Tolosa area of the Avino system”, said David Wolfin, President and CEO. “The program followed the continuity of the steeply dipping mineralization and is a step forward in understanding the deep source of the mineralization. In addition, we were ecstatic to report the best drill intercept in Company history.”

Chesapeake Announces Preliminary Metallurgical Test Results Demonstrating up to 97% Gold Recoveries at Lucy Project

Jean-Paul Tsotsos, Interim CEO, commented, “The Lucy discovery continues to shine as an exciting project in Chesapeake’s portfolio. These preliminary Lucy metallurgical results outline a simple, conventional processing pathway to gold doré. The next phase of exploration and drilling has commenced on Lucy to better evaluate the footprint and scale of this new discovery.”

Vizsla Silver Announces Update on Royalty Spinout

Vizsla Silver Corp. is pleased to announce that, further to its news release dated January 17, 2024, it intends to enter into an arrangement agreement with its wholly-owned subsidiary Vizsla Royalties Corp. within 45 days of this news release in respect of the spinout of the shares of Spinco to the Company’s shareholders.

Silver Dollar Acquires 100% of Nora Silver-Gold Property

“Although the assay discrepancies from the Candy vein drill core are puzzling, the Nora property has other priority exploration targets that we intend to follow up on while we take a closer look at the Candy vein structure,” said Michael Romanik, president of Silver Dollar.

Capstone Copper and Orion Announce Closing of C$431 Million Bought Deal

Pursuant to the Offering, the Underwriters purchased, on a bought deal basis from the Company and Orion, a total of 68,448,000 Common Shares at a price of C$6.30 per Common Share which included the exercise in full of the Underwriters’ over-allotment option of 8,928,000 Common Shares from the Company, for aggregate gross proceeds under the Offering of C$431,222,400.

Colibri Adds Appian Capital’s Doug Coleman to Its Advisory Board

Ian McGavney, President and CEO of Colibri states “Doug is a very well-known connector in Mexico and since meeting him several years ago we have been thankful on multiple occasions for his generosity in sharing his long standing industry connections and relevant and up to date local industry insight. We anticipate that our deeper association with Doug will help us to grow deeper roots in Mexico”.

Heliostar Evaluating Test Mining Scenario for Ana Paula in 2024

Heliostar CEO, Charles Funk, commented, “Since acquiring Ana Paula 10 months ago, Heliostar’s team has moved quickly to redefine Ana Paula as a high-grade underground gold project. We have successfully increased the resource, identified a >10 g/t gold zone for possible commencement of mining, identified additional resource growth areas, demonstrated significant improvement to gold recoveries, and bolstered the Company’s management team. The Company intends to maintain the current high pace of progress in 2024 by studying the benefits of completing the existing underground decline to test mine a bulk sample.”

Lodestar Provides Corporate Update

Lowell Kamin, Lodestar’s CEO, President and Chairman of the Board stated: “We are looking ahead to the next chapter of Lodestar as we partner with the team at Axiom and explore new opportunities for value creation. Our Peny Project in Snow Lake, Manitoba, has good potential.”

Sierra Madre Provides Update on La Guitarra Progress

Sierra Madre Gold and Silver Ltd. is pleased to provide an in-depth update of its activities at the 100% owned past-producing La Guitarra Silver-Gold Mine Complex in Estado de Mexico, Mexico, 130 km southwest of Mexico City.

All News