Month: February 2019

Magna Gold Corp. wishes to provide an update on its previous announcement regarding the arm’s length option agreement dated September 25, 2018 with Beatriz Delia Yepiz Fong, an individual resident in the Sonora State of Mexico. The Corporation is also pleased to announce a proposed non-brokered concurrent private placement financing for gross proceeds of up to CAD$3,200,000, comprised of common shares in the capital of the Corporation, sold a price of CAD $0.32 per Common Share.

The updated Resource will incorporate the new and higher-grade drill results and will also be developed using a newer and more refined geologic, mineral domain model. Dr. Carl Hering, CEO, stated that “An updated 43-101 Resource should show significant improvement over the maiden Resource and demonstrate a more realistic understanding of Project potential.”

GoGold Resources Inc. reports net income of $8.2 millionfor the three months ended December 31, 2018. The Corporation closed the previously announced sale of the 2% net smelter royalty which resulted in net proceeds and an equivalent pre-tax gain of $11.8 million.

PRIZE MINING CORPORATION wishes to advise that the Company has filed the audited Annual Financial Statements and Management Discussion and Analysis for the fiscal year ended August 31, 2018. In addition, the Company has also filed its Interim Financial Statements and MD&A for the three-month period ended November 30, 2018. Both of these have been filed on SEDAR.

Azucar Minerals Ltd. is pleased to announce that Mr. Grant Hendrickson has been appointed Director of the Company and Mr. Osbaldo Zamora has been appointed Director, Exploration of Azucar. Both appointments are effective immediately.