Month: September 2019

Magna Gold Corp. Enters Into Letter of Intent to Acquire San Judas Gold Project in Sonora, Mexico – Provides Corporate Update

Magna Gold Corp. is pleased to announce that it has entered into a binding letter of intent dated September 30, 2019, with Ricardo Estanislao Carranza Leon, Maria del Rosario Mendivil Bejarano and Ernesto Villaescusa Cordova, individuals resident in the Sonora State of Mexico, for the assignment of the option of a 100% undivided interest of two mining claims located in the municipality of Trincheras, Sonora, Mexico, for a five-year period. The Project consists of two contiguous claims covering an aggregate area of approximately 2,806 hectares located approximately 240 kilometers north-west along the Federal Highway 16 from the state capital, Hermosillo.

Fortuna Silver Terminates Pachuca SE Option Agreement

Prospero Silver Corp announces that Fortuna Silver Mines Inc has terminated the property option agreement for the Pachuca SE project which was signed in January, 2019. Fortuna has not earned an interest in the Pachuca SE property.

Sable Resources Ltd. announces closing of royalty purchase agreement with Osisko Gold Royalties

Sable Resources Ltd. announces that as previously described in its press release dated August 28, 2019, it has entered into a definitive royalty purchase agreement with its wholly-owned Mexican subsidiaries and Osisko Gold Royalties Ltd. The initial closing under the Royalty Purchase Agreement has occurred and Sable has received proceeds in the amount of $5.0 million. Pursuant to the completed initial royalty transaction, as guaranteed by Sable, Exploraciones Sable, S de R.L. de C.V. has granted Osisko a 1% net smelter returns royalty on its properties. Under the terms of the Royalty Purchase Agreement, for no additional consideration, the NSR will extend to any additional properties acquired by Sable within a period of four years from the closing.

Compañía Minera Cuzcatlán ha invertido 177.2 millones de pesos en programas sociales de 2011 a la fecha

Uno de los proyectos más destacables a la fecha es el de cría y engorda de corderos en la comunidad de El Cuajilote. Éste ha sido impulsado exitosamente por Compañía Minera Cuzcatlán desde el 2016. La empresa contribuye con insumos y asesoría técnica, mientras que los productores aportan la mano de obra. Adicionalmente, los proveedores de insumos son 100% locales, beneficiando también a empresas de la región.

San Marco to Raise $1.05 Million Through Non-Brokered Private Placement

Proceeds of the private placement will be used for funding exploration of the Buck property, consisting primarily of drilling (approximately $500,000), general exploration for high quality gold/silver properties in B.C. (approximately $200,000) and working capital (approximately $350,000).

Canasil’s 2019 Sampling Returns High Grade Silver-Gold-Copper-Zinc-Lead Results at the Nora Project in Durango State, Mexico

Canasil President and CEO, Bahman Yamini, commented: “The high silver and gold grades, as well as copper, lead and zinc values, observed in surface outcrops from the Candy vein, and from associated mineral dumps, over a strike length of over 900 metres suggest the potential for a strong high grade epithermal vein with excellent targets for drill testing.”

Ridgestone Reports Historical Assay Results From Rebeico Gold-Copper Project, Sonora, Mexico

Jonathan George of YQ Gold, Ridgestone’s exploration partner in Mexico, commented “These claims not only significantly bolster our land position at Rebeico but also provide a number of high-priority targets that warrant further investigation and exploration. The grades highlighted by the historical assays are highly encouraging and will be the focus of the upcoming exploration program this fall.”

Kootenay Drills Multiple High-Grade Silver Intercepts at Columba Silver Project, Mexico

Kootenay President and CEO James McDonald states, “We continue to be pleased with the drill results at Columba. Step-out drill hole 19-012 intercepted 699 gpt silver over 2.1 meters and 755 gpt silver over 1.75 meters at a depth deeper than any previously known mineralization. In addition, drilling continues to hit multiple high-grade silver intercepts above and below known historic silver veins and to demonstrate excellent lateral and vertical extent along the F vein.”

Goldplay Exploration Ltd. Issues Shares for Services

Goldplay Exploration Ltd. announces that it will make its first issuance of shares to a contractor it engaged under the shares for services drilling contract previously announced on May 16, 2019. Under this issuance, the Company will issue 824,376 common shares at a deemed price of $0.20/share for services valued at $164,875.24. These shares are subject to a hold period expiring January 21, 2020, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

Silver Spruce Announces Melchett Lake VMS Project Acquisition

Silver Spruce Resources Inc. is pleased to announce that it has signed a binding Letter of Intent with three parties to acquire 100% of the Melchett Lake Zn-Au-Ag volcanogenic massive sulphide project, an advanced precious and base metal project in the Thunder Bay Mining District, northern Ontario, Canada.

Tamino Minerals, Inc. Update

The Company has prepared a Summary of Events to present to the FGR, Fiscalia General de la Republica, to update them on our latest achievements, and will be presented to them in the near future.

Prime Mining Breaks Ground at Los Reyes Gold Project

COO Greg Liller commented “I am very pleased with the success of our recent meetings with local government and community officials and the communal landowners of the Los Reyes project. We came away from these meetings with an overwhelming endorsement by the local community for our planned mine development. I would like to thank the members of the Ejido Tasajera, Sra. Griselda Quintana Garcia and Sr. Leobardo Arredondo Rivas for their support.”

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