Day: June 25, 2019

Goldplay Press Release Correction

Goldplay Exploration Ltd. wishes to correct an error in its press release entitled “Goldplay Closes Over-Subscribed Private Placement” issued on June 24, 2019. The number of common shares issued in connection with the completion of the Company’s over-subscribed financing was 11,010,000 common shares, rather than 10,010,000 common shares referred to in the Company’s previous press release. The Company raised gross proceeds of $1,376,250. This correction does not change any other amounts or information reported in the June 24, 2019 press release.

Defiance Appoints Interim CEO

Defiance Silver Corp. announces that is has appointed Mr. Chris Wright to fill the role of CEO, on an interim basis, while it conducts a thorough search for a permanent candidate. Mr. Peter Hawley has resigned as Interim Chief Executive Officer, President and Director. Mr. Hawley will remain as a technical advisor.

Leagold Closes and Draws New Long-term Debt and Commences Los Filos Expansion

Neil Woodyer, CEO, stated ‘We are very pleased to finalize this debt financing and we appreciate the strong support from our three Joint Lead Arrangers, Societe Generale, Investec Bank plc, and ING Capital LLC and the new syndicate members. The combination of our new 5.5-year amortizing Term Loan and 5.5-year bullet RCF will provide a cost-effective and flexible structure to finance our growth. With long-term funding in place, we will now launch our phased development plan that positions Leagold to become a 600,000 to 700,000 ounce per year gold producer. ‘

Orla Mining Announces Positive Feasibility Study Results for The Camino Rojo Oxide Gold Project

‘The completion of the feasibility study for the Camino Rojo Oxide Project marks an important milestone for Orla and substantial progress toward construction of the Company’s first mine’, stated Jason Simpson, President and Chief Executive Officer of Orla. ‘The results demonstrate robust project economics with low development capital and a straight-forward path to approximately 100,000 ounces of expected annual gold production. We will be working towards submitting environmental assessment and permitting documents and securing project finance over the upcoming months with the expectation to deliver gold by mid-2021. With the continued support of local communities and stakeholders, we have a fantastic opportunity to develop a quality mine. We are also considering ways to unlock value from a much larger sulphide mineral resource and have initiated exploration on other priority targets on our extensive concession area’, added Mr. Simpson.

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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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.