Month: June 2019

Galore Resources Provides Update on Drilling at Its Dos Santos Project

Galore Resources Inc. is pleased to report that its 2,500- meter diamond core drilling program at Galore’s 100% owned El Alamo target and part of the larger Dos Santos project continues to progress well. Drill hole EA-001 was completed to a depth of 251m and EA-002 is underway. Senior geologists onsite are enthusiastic about what the drilling has encountered in the way of alteration and rock types. Logging of EA-001 has been completed and the core is currently being sawed and sampled for delivery to ALS Geochemistry laboratory in Zacatecas.

Prize Mining retains JDS Energy and Mining Ltd. for engineering and economic study of the Kena Gold Project

“Prize Mining has two highly prospective assets in great jurisdictions with the Kena Gold Project in British Columbia and the Manto Negro Copper Project in Mexico” said Michael McPhie, President and CEO of Prize. “We have an active exploration program underway in Mexico and, with the recent strength in the gold market and our exploration success over the past year, we are looking at opportunities to advance and create further value at Kena. With a 1.8 million ounce NI 43-101 indicated and inferred gold resource in a historical mining district of BC, our goal of this work is to better understand and evaluate the economic and development potential of this project.”

Riverside Acquires Sonoran Project Portfolio From Millrock Resources

Riverside’s President and CEO, John-Mark Staude, stated: ‘Riverside has followed some of these Projects for many years now. Acquiring these Projects in one cost-effective transaction is a very nice step for the Company to further expand on years of data compilation and previous work with additional exploration and joint-venture opportunities moving.’

Alien Metals – Financial Results for the Year Ended 31 December 2018

The Company’s former Executive Chairman, Dennis Edmonds, set a strategy of reducing corporate overheads, value accretion of the Mexican asset portfolio and acquiring or entering into joint ventures for additional projects in Mexico or other jurisdictions with an established mining community, stable political background, and where we can be assured of strong operational control.

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. ‘

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