Day: July 10, 2019

Millrock Announces Private Placement Financing And Strategic Advisor

Millrock Resources Inc. announces that it plans to raise gross proceeds of between $1,000,000 and $1,500,000 through a non-brokered private placement of between 13,333,333 units and 20,000,000 Units at a price of $0.075 per Unit. Millrock also reports that it has engaged Mr. Doug Flegg of Cairn Merchant Partners of Toronto, Canada as a Strategic Advisor to assist Millrock in finding partners for its Alaska projects.

Goldplay’s Nava Gold Discovery Continues to Grow as New Surface Continuous Channel Sampling Returns Wide Gold Intersection of 24 m at 2.1 g/t Au, Including 5 m @ 4.0 g/t Au

Goldplay President and CEO Marcio Fonseca commented, ‘A high grade gold zone containing 24 m at 2.11 g/t Au, has provided the Company with encouragement that the Nava target could host a significant body of gold mineralization in a low sulphidation epithermal system. Located west of the previous Nava trenches, it opens up a large unexplored area between the trenches and along strike for additional exploration potential for new discoveries in the San Marcial Project. The drilling program in progress will test below these two Nava target areas for depth continuity and additional understanding of the mineralized system.’

Great Panther Reports Second Quarter 2019 Production Results

‘Great Panther’s significant increase in gold production in the second quarter reflects the acquisition of the Tucano Gold Mine in March of this year,’ stated James Bannantine, President & CEO. ‘The most significant aspect of the results, however, is the marked improvement in Tucano production since commissioning of a supplemental oxygen system at the end of April. Tucano achieved production levels of 10,900 gold ounces in May and 12,000 in June, compared to 7,000 ounces in April. This marks an important optimization milestone for Tucano which has significantly higher planned gold production in the third and fourth quarters during the dry season.’

Great Panther Announces At-The-Market Offering of up to US$25 Million

‘We may use the ATM Facility as a means to supplement our capital needs if the need arises’, stated James Bannantine, President and CEO. ‘As noted in our previous disclosures, Great Panther is also reviewing and considering other financing options to refinance debt repaid in connection with the acquisition of Beadell, and to fund our projects and investments, and general working capital. These investments include exploration at Tucano, which we commenced shortly after closing the acquisition in March, various Tucano optimization projects, as well as the Topia Mine expansion in Mexico.’

SilverCrest Announces High-Grade Underground Sampling Results for the Babicanora Vein

N. Eric Fier, CPG, P.Eng, and CEO, remarked, ‘We are pleased with these initial positive underground high-grade results but caution that they are preliminary in nature and should not be considered representative of an increase in the overall Babicanora Vein resource estimation. That being said, these results represent a significant first step toward understanding the grade variability and potential upside of the deposit as we continue to de-risk the project.’

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.