At the Meeting, the Company’s shareholders re-elected all of the Company’s current board of directors, Arturo Prestamo Elizondo, Federico Villasenor, Roland Lohner, Larry Okada and Barry Girling, and approved the appointment of the Company’s auditor, Deloitte LLP.
Geological logging indicated attractive alteration for potential gold mineralization in multiple holes of the 13 hole program. The visual logging of the RC chip samples shows evidence of wide zones of oxidized, strongly altered rocks with multiple veinlets, similar to previously drilled zones at the Cervantes Project.
Scott Emerson, President, commented: “This year the exploration was successful in tracing both the past producing Soledad and Soledad II structures, and identifying a new 3rd structure at Las Coloradas. These represent wide, high-grade, near-surface structures with the potential to deliver significant silver deposits.”
The results fit within the larger context of a district scale gold-silver composite dome system with superimposed gold-rich veins. Past drilling by Riverside intercepted high-grade gold in 4 of the 7 holes and this sampling over new areas, doubles the strike of the defined mineralization footprint.
Canuc Resources Corporation is pleased to announce the closing of a non-brokered private placement financing, raising gross proceeds of $2,000,000 CAD through the issuance of 25,000,000 Units at $0.08 per Unit.
A dozen immigrants from Mexico and their families will be coming to Kirkland Lake in 2024 as part of an Agnico Eagle pilot project.
Bear Creek Mining Corporation announces that Mr. Fernando Ragone has been appointed Chief Financial Officer of the Company, effective December 18, 2023.
“As we look forwards towards 2024 and the opportunity for value creation for GoGold shareholders, it cannot be understated that the Company is well positioned with such a strong balance sheet, including $95 million USD and strong economics demonstrated from the preliminary economic assessments at Los Ricos North and South.”
Ian McGavney, President & CEO of Colibri commented: “Our new discovery at the West Sahuaro Zone is the thickest, most continuous, and highest grade gold mineralization intersected to date on the Evelyn property. We are extremely pleased with these results. The grade of mineralization discovered is approaching the reported production and resource grades at mines and development stage projects in the Caborca Gold Belt.”
“2023 was yet another exciting year of exploration and growth at Panuco,” commented Michael Konnert, President & CEO. “We started off the year with the achievement of an important milestone by announcing a significant update to the maiden resource which highlighted a material increase in both project grade and contained ounces. Drilling throughout the year continued to expand know mineralization particularly at Copala which has now doubled in strike length relative to the January 2023 MRE.”
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