Sonoro Metals Corp., is pleased to announce the appointment of Neil Maedel to the Companys Board of Directors and his assumption of duties as Executive Director, Corporate Finance. To accommodate the appointment of Mr. Maedel, director Ronald Husband has resigned from the Board, but will continue to act as an advisor to the Board. In addition, Sonoro has appointed Katharine Regan as Corporate Secretary of the Company.
“We would like to thank our shareholders for overwhelmingly approving the Acquisition and for their continued support”, stated James Bannantine, President and CEO. “The acquisition of Beadell is transformational for Great Panther, resulting in the creation of a new growth-oriented intermediate precious metals producer with a strong balance sheet and diverse asset portfolio including three producing mines, an advanced stage project, and significant exploration potential.”
Magna Gold Corp. wishes to provide an update on its previous announcement regarding the arms length option agreement dated September 25, 2018 with Beatriz Delia Yepiz Fong, an individual resident in the Sonora State of Mexico. The Corporation is also pleased to announce a proposed non-brokered concurrent private placement financing for gross proceeds of up to CAD$3,200,000, comprised of common shares in the capital of the Corporation, sold a price of CAD $0.32 per Common Share.
Commented Craig Roberts, P.Eng., President and CEO of Ethos: “We are excited to be now moving ahead at La Purisima with machine trenching followed by our maiden drill program.”
The maiden drilling program at Cuale has afforded the Company a better understanding of the geological setting that hosts the gold mineralization. With this information, the Company plans to test extensions of the gold and copper horizons and will commence a reconnaissance program across the property seeking new targets. Upon completion of this program, the Company will re-assess the appropriate path forward, commented Charles Funk, Vice President of New Opportunities and Exploration.
The updated Resource will incorporate the new and higher-grade drill results and will also be developed using a newer and more refined geologic, mineral domain model. Dr. Carl Hering, CEO, stated that An updated 43-101 Resource should show significant improvement over the maiden Resource and demonstrate a more realistic understanding of Project potential.
GoGold Resources Inc. reports net income of $8.2 millionfor the three months ended December 31, 2018. The Corporation closed the previously announced sale of the 2% net smelter royalty which resulted in net proceeds and an equivalent pre-tax gain of $11.8 million.
PRIZE MINING CORPORATION wishes to advise that the Company has filed the audited Annual Financial Statements and Management Discussion and Analysis for the fiscal year ended August 31, 2018. In addition, the Company has also filed its Interim Financial Statements and MD&A for the three-month period ended November 30, 2018. Both of these have been filed on SEDAR.
Gainey CEO, David Coburn stated, We are very encouraged by these early high-grade results. We believe that the Las Margaritas system is the epicenter of the El Colomo Project and that, together, they represent a district-scale opportunity for the delineation of a gold epithermal vein system similar in setting to the many precious metal mines along the Sierra Madre belt. Our technical team continues to push hard on mapping, sampling and analyzing the data, which will allow us to move forward with our planned drill program in the coming months.
Goldplay President and CEO Marcio Fonseca commented, The completion of our maiden Mineral Resource on the San Marcial Project is a major milestone for Goldplay. We have achieved a significant increase in the contained ounces of both Ag and AgEq. The Mineral Resource provides a strong foundation to realize the full potential of the San Marcial Project. We are progressing with detailed, systematic exploration of the under-explored additional 3.5 km of mineralized trend. Recent surface exploration results have already confirmed new exploration targets in the vicinity of the mineral resource, representing future upside opportunity for resource expansion in 2019.
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