Day: September 25, 2024

Southern Silver Announces Cerro Las Minitas Drill Program and Incentive Stock Option Grant

Southern Silver Exploration Corp. reports that its Board of Directors has approved a program of up to 6000 metres of diamond drilling on the silver, lead, zinc Cerro Las Minitas project, Durango, Mexico. The focus of the drill program would include an initial phase of “Proof of Concept” drilling to demonstrate further lateral projections of shallow high-grade mineralization adjacent to planned mine and mill infrastructure in the area of the Eastern Deposits (South Skarn, Mina La Bocona and North Felsite), which also would provide additional tonnage for extraction early in any planned mining schedule.

Gatos Silver Provides Updated Cerro Los Gatos Mineral Reserve, Mineral Resource, and Life of Mine Plan

Dale Andres, CEO of Gatos Silver, said: “We continue to deliver on CLG’s growth potential through disciplined optimization of our assets and successful near-mine resource expansion and conversion. The 2024 LOM Plan represents our second consecutive multi-year mine life extension with the current mine life now extended to the end of 2032 in conjunction with higher mill throughput rates, which are now expected to exceed design capacity by 40% starting in mid-2025.”

Vizsla Silver Announces Closing of Over-Allotment Option in Full

Vizsla Silver Corp. is of 25,000,000 common shares of the Company at a price of C$2.60 per Initial Share the underwriters have purchased an additional 3,750,000 common shares of the Company at the Offering Price per Additional Share, pursuant to their exercise in full of the over-allotment option granted by Vizsla Silver, generating additional gross proceeds of C$9,750,000.

Radius Signs Option on Tierra Roja Copper Project, Peru and Announces Proposed Financing

Bruce Smith, Radius Gold President and CEO, commented: “The Tierra Roja copper mineralization and alteration system is compelling and comparable to the surface exposure of other significant porphyry copper deposits discovered in the coastal Peruvian copper belt. We are excited to get to work immediately and advance this project. With the shift of focus to Peru, Radius has a pipeline of new projects under evaluation and expects to be able to deliver new projects in the coming months.”

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