Day: June 18, 2019

Advance Gold Announces Private Placement Financing to Fund Geophysical Program and Further Drilling

Advance Gold Corp. announces that, subject to the approval of the TSX Venture Exchange, it proposes to undertake a non-brokered private placement of units at a price of 5 cents per Unit. Each Unit shall be comprised of one common share in the capital of the Company and one common share purchase warrant with each warrant being exercisable to purchase one common share at a price of seven cents per share at any time within 24 months of the date of issuance.

Gainey Advances Drilling Program at Las Margaritas

David Coburn, Gainey CEO, stated ‘We are excited about the high gold grades obtained in our surface sampling program and the fact that Las Margaritas has never been drilled. Our exploration team has been optimizing our drill program to test the down-dip and strike continuity of the mineralization and we are now ready to move forward. Discussions with drilling contractors are underway and mobilization of equipment is expected to begin in the coming weeks.’

Endeavour Silver Receives Final Tailings Permit for the Terronera Mine Project in Jalisco State, Mexico

Now that the Terronera mine project is fully permitted, Endeavour Silver plans to complete a final improved prefeasibility study in the 3rd quarter and arrange appropriate financing to build Endeavour’s next core asset. Following an estimated eighteen month construction period, the Terronera mine is expected to produce more than 5 million oz silver equivalents (at an 80:1 silver:gold ratio) over a minimum 12 year mine life, at an all-in sustaining cost per oz of silver produced in the lowest quartile of industry peers.

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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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.