Sierra Madre Gold and Silver Ltd. is pleased to announce first shipments of silver and gold concentrates from the 100% owned Guitarra Mine Complex located in Estado de Mexico, Mexico. On July 25, 2024 the Company shipped 90.68 dry metric tonnes which contained approximately 3,000 grams of silver and 30 grams gold per DMT.
Octavio Alvídrez, Chief Executive Officer, commented: “I am pleased to report an increase in profitability over the period, driven by a steady production performance combined with careful cost management and higher gold and silver prices.”
“Development of Media Luna continues to track to schedule, with first production of copper concentrate anticipated by year end and commercial production expected in Q1 2025. As at the end of June, Media Luna was 78% complete across engineering, procurement, underground development/construction, and surface construction, compared to 69% at the end of March.
Vizsla Royalties Corp. is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement for gross proceeds of C$4,967,498. A total of 82,791,636 common shares of the Company have been issued at a price of C$0.06 per Share.
The Company is excited to be mobilising equipment during the week beginning 29th July 2024. These preliminary works will provide access to the Cerro Grande adit. Once the historic adit can be accessed a mining contractor will be engaged to drive a 100m long 3 metre x 3 metre access tunnel to the mineralised body.
Akiba Leisman, CEO of Mako states, “these exceptional results across multiple zones at Las Conchitas are showing high grade potential over hundreds of meters of strike. Now that the RC program has ramped up, averaging over 1,000 meters of drilling per week, we will be reporting results on a more frequent basis.”
Defiance Silver Corp. is pleased to announce that it has closed the second and final tranche on July 26th, 2024 of its previously announced non-brokered private placement offering of units of the Company at a price of C$0.20 per Unit with the issuance of 3,043,575 Units for gross proceeds of C$608,715.
Barksdale Resources Corp. is pleased to announce the closing of the second and final tranche of its previously announced non-brokered private placement offering of units of the Company with the issuance of 14,674,683 Units for gross proceeds of $2,201,202.45.
Under the Final Tranche, the Company issued 540,000 units at $0.05 per Unit for gross proceeds of $27,000.
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