Month: August 2019

Silver Spruce Closes Financing

Silver Spruce Resources Inc. is pleased to announce the closing of its financing. The Company has issued 5,225,000 units at $0.05 per unit for gross proceeds of $261,250.

Santacruz Silver Reports Second Quarter 2019 Financial Results

“Our second quarter operating and financial results continued our positive trend of the past three quarters.” stated Arturo Préstamo, Chief Executive Officer of Santacruz. “At Rosario we have turned the corner and are generating positive cash flow from operations while at Veta Grande we reduced the operating loss despite a mechanical problem with one of the ball mills. With the ball mill now back online in Q3 we expect continued improvement at Veta Grande and with overall operations.”

Tamino Minerals Inc. Presents Acquisitions Update

We are currently contemplating acquiring several projects that logistically create an advantage, some of them more advanced then others but with high grade gold drilling results. As we mentioned previously, we are only interested in a top quality, progressive operation, generating a positive impact for shareholders as well as in the local communities in which we will operate.

Santacruz Silver Updates Panuco Deposit, Veta Grande Project Resource Estimate to 19.5 Million AgEq Ounces Inferred

Santacruz Silver Mining Ltd. reports that it is today filing on a technical report titled “Technical Report, Veta Grande Project, Zacatecas State, Mexico” dated effective August 20, 2019 containing an updated mineral resource estimate, under National Instrument 43-101 Standards of Disclosure for Mineral Projects. The Technical Report supersedes all previous technical reports prepared for the Company relating to the Veta Grande Project.

Kootenay Intercepts More High Grades on Columba Silver Project, Mexico

Kootenay President and CEO James McDonald states, “We are happy to see good high grade now over a wide range of strike and depth along the F Vein.Just as exciting are the high grades we are seeing in previously unknown hanging-wall veins with assays up to 1,070 gpt silver. The consistency of the known veins tested to date and the newly discovered hanging-wall veins certainly increases our confidence in the resource potential of the project”.

Sable Resources Ltd. Announces Strategic Investment with Osisko Gold Royalties

Sable Resources Ltd. announces that it has entered into an Investment Agreement along with an Equity Subscription Agreement with Osisko Gold Royalties Ltd for total potential proceeds of $12.58 million. Sable believes that the Financing will provide the Company with the funding to progress its exploration objectives over its entire portfolio for the next 4 years.

Prime Mining Raises Over $8.7 Million and Acquires Rights to Los Reyes Gold Project in Mexico

Andrew Bowering, Chief Executive Officer of the Company, commented, “Since late February and our initial discussions with Minera Alamos, a number of important strategic changes have been implemented. Familiarity with the region and its opportunities, plus confidence in the Los Reyes project brought several highly qualified and successful individuals to our management team and board of directors.”

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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.