Oroco Resource Corp. is pleased to announce that, further to its news release dated February 12, 2025, it has received $2,303,555.75 in gross proceeds for its oversubscribed private placement of 9,214,223 units of the Company at a price of $0.25 per Unit.
“We are extremely pleased to have the opportunity to develop and explore the El Potrero Property,” stated Robert Archer, Pinnacle President & CEO. “It is centered in a well-mineralized district and has had high-grade historic production of its own, yet the extensive vein system has not been drilled or systematically explored by modern methods.”
Prime Mining Corp. Chief Executive Officer Scott Hicks commented, “Fresnillo is an exciting early stage generative target at Los Reyes. Today, we are sharing results that demonstrate a significant extension of approximately 120 metres up-dip of high grade, near-surface mineralization with both underground and open pit optionality and with further potential to continue expanding mineralization.”
Jody Kuzenko, President & CEO of Torex, stated: “I’m very excited about the results we have seen to date from our initial drilling at Media Luna East and the continuation of high-grade results returned from ongoing drilling at Media Luna West. These two targets exemplify the outstanding resource potential we see on the south side of the Morelos Property and, along with the results from EPO and Media Luna proper, support our belief that we will be mining at Morelos for decades to come.”
“The spinout of Blue Jay Gold is an exciting opportunity for Riverside shareholders to gain direct exposure to a new, focused gold exploration company,” said John-Mark Staude, CEO of Riverside Resources.
“We are delighted to welcome Jackie Przybylowski to our Board of Directors. We look to leverage Jackie’s technical and financial expertise along with her strong relationships within the investment and global mining community as we advance our portfolio of projects and continue to build stakeholder value,” commented Interim CEO and Chairman, Andrew Bowering.
Mako Mining Corp. is pleased to provide an update on Mako’s proposed acquisition of the Moss Mine in Arizona, through the acquisition of 100% of the issued and outstanding common shares of EG Acquisition LLC from investment funds controlled by Mako’s controlling shareholder, Wexford Capital LP.
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