“We have been working on acquiring this very strategic concession for over two years and exploration at Sara Alicia was suspended so as not to generate further interest in the area and to ensure the acquisition of Sara Alicia II was completed without interference or competition.”
“This transaction both strengthens our balance sheet and provides ongoing exposure to new discoveries at Red Lake,” said Tom Palmer, President and Chief Executive Officer. “Evolution is a highly respected and responsible gold producer who is committed to the success of Red Lake and who we believe will prove a great partner for surrounding communities and stakeholders.”
The Company announced in a news release of October 21, its intention to convert certain outstanding indebtedness as at October 31, 2019, into Units of the Company, up to CA$175,000. The Company has received the necessary documentation from the participants and finalized this Debt Conversion. As such, an aggregate of CA$200,910 of indebtedness was converted into 4,018,200 common Shares…
Goldplay President and CEO Marcio Fonseca commented, “We are pleased to report the mineralized intercepts, including high grade silver, in the maiden drill program at San Marcial’s Nava Target. Goldplay’s 2019 field studies mark the first time in approximately ten years that any type of exploration has been carried out at the project. The encouraging results warrant further exploration, advancing the Company’s objective of resource expansion of San Marcial.”
Fred Davidson, President & CEO of IMPACT stated, “All credits to our mining team this quarter in turning mining operations from negative to positive earnings. Coinciding the execution of operational excellence, improved silver prices within the quarter boosted margins. We also welcomed new investors into IMPACT with our recent $4.95 million financing, taking advantage of the resurging silver interest over summer.”
Check the Mining State Panoramas
The promotion and dissemination as essential elements to understand and disseminate our Mineral resources, that is why today it is pleased to make the document “Mining Panorama” available to society, by state.
GeoInfoMex, is the consultation system of the Mexican Geological Service that allows users to know geoscientific information and make decisions with savings in time and resources, helping to promote mining activity.
The DOF is the organ of the Constitutional Government of the United Mexican States, which has the function of publishing in the national territory, to so that they are properly observed and applied in their respective areas of competence.
Learn about the current situation of the mining industry as well as the activities carried out by Camimex.
Mexico Mining Center © 2021 / All Rights Reserved
