The proceeds of these Financings will be used for ongoing drilling program, maintenance fees and option payments on the Companys Samalayuca Copper Project, and for fees and work related to its Cumeral and La Tuna projects in Mexico, general administration costs in Canada and Mexico and for working capital.
Thomas Atkins, President and CEO of Mammoth, commented on the initial drill results stating: We’re very pleased with these initial results! The objective of this drilling is to test for the first time the depth extension of surface mineralization along a 6 kilometre trend identified by Mammoth. These initial results begin to confirm the continuity of potentially economical surface mineralization at depth along this trend.”
Leagold CEO Neil Woodyer stated: Leagolds growth strategy in Latin America started with the acquisition of the Los Filos mine in Mexico in April 2017 from Goldcorp, and we have a clear objective of building Leagold into a leading, intermediate gold producer in Latin America. This strategy focuses on acquiring operating gold mines and projects nearing construction, post-acquisition asset optimization, and unlocking value.”
Kootenay President and CEO James McDonald stated “La Borracha is a very exciting target with the potential to add a significant number of new ounces to our resource. The zone has been traced on surface from the resource northward for at least 1,100 meters and the latest hole CC-17-37 indicates good grades and widths. The zone has seen very limited drilling and we are eager to commence the next round of drilling in the first half of February. “
Levon Resources Ltd. announces a non-brokered private placement for C$800,000 through the issuance of units of the Company at a price of C$0.35 per Unit. Each Unit will consist of one common share and one half of a share purchase warrant, with each whole warrant entitling the holder to acquire one common share of the Company at a price of C$0.50 per common share for a period of two years from the closing of the Placement.
Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.
Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
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