The Company intends to use the net proceeds from the offering for advancing its current mining projects and exploration prospects, for additional operating capital and for general working capital purposes.
Kootenay President and CEO James McDonald states, “These results continue to show excellent resource potential at Columba with all holes reporting good silver mineralization. We are now seeing silver in widespread stockwork/breccia zones which we believe may coalesce into high grade ‘feeder’ veins a little deeper than tested.”
Technical Director of Alien Metals, Bill Brodie Good, commented that “based on a full review of the final due diligence report and geological assessment of the 17 rock chip samples taken in relation to the historical prospects as well as the fact that both project areas are very underexplored and would appear to have potential for further mineralisation, I am excited to make the decision to exercise the option with Windfield and to start planning for more detailed exploration work for the coming field season in the region”.
Orex intends to use the net proceeds of the Offering to maintain its 40% share of the Sandra-Escobar Project in good standing and fund its 40% share of the upcoming work program, to make the necessary payments under its existing option to acquire 100% of the Cordero Project and for general corporate and working capital purposes.
We are world leaders in testing, inspection and certification services. We are present in all sectors of the economy with solutions and services that enhance the business, avoiding risks, improving operational performance and protecting the reputation and brand of our clients.
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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