Reyna Silver Corp. is pleased to announce a first closing of its previously announced private placement offering of units. In aggregate, the Company issued 14,889,999 Units in the first closing for aggregate gross proceeds of CAD$1,116,749.93.
Oroco Resource Corp. announces that it has amended the terms of a non-brokered private placement which was announced on January 27, 2025 to that of up to 6,000,000 units of the Company at a price of C$0.25 per Unit for gross proceeds of up to C$1,500,000.
Paddy Nicol, Orogen’s CEO, commented, “Since the discovery of Navidad in July 2024, multiple drill rigs have been busy exploring the vein system and it is exciting to see continued success. Not only did drilling in the second half of 2024 expand Navidad, the zone of high-grade gold and silver mineralisation is also substantially closer to the underground workings at the Ermitaño mine complex.”
“We are encouraged by the results of the Q4 2024 drilling program, which focused on testing geological features with limited previous drilling, just one or two holes in each area, and yielded positive indicators while also uncovering some unexpected geologic surprises,” said John-Mark Staude, President and CEO of Riverside Resources.
Akiba Leisman, CEO of Mako states “these drilling and channel sample results were taken as part of a geotechnical drilling program to finalize engineering parameters and site infrastructure layout selection in preparation for submitting our environmental permit application later this year. The grades and widths received from this program are matching or exceeding those defined in the resource model from the 2024 PEA, which showed an after-tax NPV 5% of US$ 292 million at US$1,850 gold.”
Dan Barnholden, CEO, commented, “I am very pleased to see that our careful planning is allowing us to meet these important throughput objectives. Steady and stable operations with back up contingencies are key to consistent results.”
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