The proceeds of the private placement will be used to incur “Canadian Exploration Expenses” on the exploration on the Buck property which qualify as “Flow-Through Mining Expenditures” under the Income Tax Act. Such expenditures will be renounced to subscribers effective December 31, 2019.
Gregory Beischer, Millrock President & CEO commented “We have developed a compelling drill target at West Pogo. Numerous lines of evidence are pointing to the area along Aurora Creek, which is directly along strike to the southwest from a new, high grade discovery reported by our neighbours next door. We plan to construct a drill trail from the Pogo Gold Mine road to Aurora Creek and drill a well to provide a nearby, winter water source. This will give the flexibility to begin drilling in the winter months of 2020.”
Aura Minerals Inc. is pleased to announce the appointment of Richmond Fenn to the Company’s Board of Directors effective October 7, 2019.
N. Eric Fier, CPG, P.Eng, and CEO, remarked, “While the veins in the Las Chispas Area are usually overshadowed by the exceptional high-grades of the Babicanora Area veins, these results have established the potential to expand and improve the average grade of the resources for the Las Chispas Area veins. New drill results from deeper intercepts in the Giovanni Vein are particularly impressive with an average grade of 1,084 gpt AgEq or over three times the average grade of 349 gpt AgEq used in the current Giovanni resource estimate. Drilling completed since the February 2019 resource estimate suggests that these high-grade veins extend to depth, down plunge and are open for further expansion…”
“This marks the third consecutive quarter where we’ve set a production record, with a substantial increase this quarter of 130,000 ounces from the past quarter, in what has typically been our weakest quarter of the year due to the rainy season,” said Brad Langille, President and CEO.
Bradford Cooke, Endeavour CEO, commented, “Our production in the Third Quarter 2019 was down year-on-year but we are seeing positive traction from all the operational changes made in the past two quarters. We expect lower operating costs in Q3 and further improvements of Guanacevi and Bolanitos tonnes and grades in Q4, 2019 which should have a positive impact on costs and production.”
Michael Konnert, President and CEO, stated, “I am very happy to announce that Vizsla will resume trading this Wednesday. Upon closing of the transaction, we are very excited to investigate the high-grade potential of the prolific Copala-Panuco silver district.”
Canuc Resources Corporation is pleased to announce that it has completed its final payment to Minerales y Carbones de México SA de CV for the El Tule 1 claim. The agreement to purchase the claim was made in October 2017, and the claim purchase has expanded the Company’s San Javier project area by 151.14 ha. (373.47 acres).
Advance Gold Corp. announces that,subject to the approval of the TSX Venture Exchange, it proposes to undertake a non-brokered private placement of units at a price of 8 cents per Unit. Each Unit shall be comprised of one common share in the capital of the Company and one common share purchase warrant with each warrant being exercisable to purchase one common share at a price of ten cents per share at any time within 24 months of the date of issuance.
En el Proyecto Unidad Minera “La Gloria” que pretende desarrollar Samalayuca Cobre S.A. de C.V. en la zona denominada Sierra de Samalayuca, no afectarán, cuencas hidrológicas ni se ocupará en ninguna de las actividades sustancias altamente riesgosas, precisó CIMA Consultores.
Mexico Mining Center © 2021 / All Rights Reserved
