“These surface results indicate that there is a robust polymetallic system present at Lucita North. When coupled with our excellent first-pass drilling results on the Palenque structure in Lucita South, the exploration prospectivity of the Lucita property remains high. We believe that the property contains several of the top targets in the Zacatecas district.”
Silver Viper Minerals Corp. is pleased to announce that it has closed the first tranche of its non-brokered private placement financing pursuant to the Listed Issuer Financing Exemption of National Instrument 45-106 – Prospectus Exemptions announced on April 4, 2024. Under the First Tranche, the Company issued 21,131,000 units of the Company at a price of $0.10 per Unit for aggregate gross proceeds of $2,113,100.
“I am very excited to welcome Ms. Gill to the Vizsla Silver board,” stated Craig Parry, Chairman. “I have had the pleasure of working closely with her over the past 4 years and have been impressed with the diligence and oversight that she brings to her role. Suki’s leadership perspectives, financial acumen, and her experience in guiding companies through their transition and growth will prove incredibly valuable for Vizsla Silver as we transition from explorer to developer.”
The Company has internally modeled an open pit shell containing the identified mineralization and has chosen to advance these two zones into production. Mine ramp preparation and waste stripping was completed during January and February 2024 and production blasting and mining of mineralized material commenced at the end of February 2024.
“Now that the SART Zinc circuit’s commissioning has been completed and is operational, we are seeing an increase in the leaching of gold and silver, in addition to the production of a saleable zinc and copper product. We anticipate further increases in silver and gold production over the coming months as the extraction of zinc and copper from the heap leach solution improves the precious metal leachability in the heap,” Brad Langille, President and CEO stated.
Prime Mining Corp. Chief Executive Officer Scott Hicks commented, “High grade mineralization at meaningful widths continues to develop at Tahonitas at the south-east end of the Z-T Trend, demonstrating potential to grow the existing mineral resource estimate. We are excited to see the development of this new lobe at Tahonitas and the exceptional grades being registered, both for gold and silver. This area remains open and is targeted for additional drilling.”
Orla Mining Ltd. is pleased to provide an interim operational update for the first quarter ended March 31, 2024 and an update on its activities in Panama.
Defiance Silver Corp. would like to provide an update on the preparation of the required technical reports for its Tepal and San Acacio projects.
Dale Andres, CEO of Gatos Silver, commented: “The CLG mine delivered another strong quarter of operational results. Mill throughput for the quarter was more than 3,200 tonnes per day, an increase of 11% from the first quarter of 2023, and another quarterly record. Silver equivalent production for the quarter was at the top end of guidance with the higher throughput offsetting lower grades for silver, lead and gold as expected in the mine plan.”
Oroco Resource Corp. announces that pursuant to the Company’s Stock Option Plan and subject to approval by the TSX Venture Exchange, it has granted a total of 6,235,000 incentive stock options to 33 directors, officers, employees and consultants of the Company at an exercise price of $0.75 per share, with a term of 3 years.
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