Frederick Davidson, CEO and President of the company, says, “As the year ends I want to thank all of our investors and stakeholders for their support in this financing. We look forward to a strong and expanded exploration program in 2024 as we ramp up operations.”
Silver Viper Minerals Corp. is pleased to announce that it has closed the first tranche of its $2 million private placement announced on December 18, 2023, issuing 5,324,000 units of the Company at a price of $0.10 per Unit for aggregate gross proceeds of $532,400.
Despite these challenges, Mexico continues to have fundamental competitive advantages that make its mining industry attractive, including its vast mineral reserves, low operating costs, and an open business environment. These are keeping Mexico an attractive investment opportunity for foreign mining.
“Breakthrough of the Guajes Tunnel is a critical milestone in the development of the Media Luna Project, which remains on track for first concentrate production in late 2024. The Guajes Tunnel will be the primary conduit for transporting ore and waste from the Media Luna deposit on the south side of the Balsas River to the processing plant on the north side and will materially improve efficiencies associated with the movement of employees, contractors, equipment, services, and supplies between both locations.”
“We are thrilled to have Tom join our Board,” said Peter Barnes, Chair of the Board. “Tom brings with him over 30 years of industry knowledge and leadership and has extensive experience in all aspects and stages of the global mining business, specializing in exploration geology.”
Pursuant to an agreement entered into with Orford Resources Inc. on August 24, 2020, VVC acquired Orford’s share of the Kaity Property in Mexico. VVC is now the sole beneficial owner of the Property which is held in its Mexican subsidiary. The Property is the host of the Gloria Copper Project.
Net proceeds of the Private Placement will be used towards further advancing the optimization program at Campo Morado as well as for general working capital purposes.
The Company announces that further to its press release of December 8, 2023, it has now issued an aggregate of 1,343,891 common shares at a deemed price of $0.075 per share to settle aggregate debt of $100,792 outstanding as at October 31, 2023.
Orex Minerals Inc. is pleased to announce that it has closed the first tranche of its $1 million private placement announced on November 28, 2023 issuing 1,225,000 units of the Company at a price of $0.15 per Unit for aggregate gross proceeds of $183,750.
Gavilanes comprises of eleven concessions (13,594.5 hectares) located in the Sierra Madre Occidental Province in southwestern Durango. The Property has a current NI 43-101 Inferred Resource of 18,174,000 contained silver-equivalent ounces at an average grade of 320.3 g/t Ag-Eq within 1,765,000 tonnes.
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