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 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.”
COLORADO SPRINGS – September 26, 2019 – Gold Resource Corporation (NYSE American: GORO) (the “Company”) declares its monthly instituted dividend of 1/6 of a cent
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 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.”
Premier Gold Mines Limited is pleased to announce that it has sold a package of net smelter return royalties to Franco-Nevada Corporation for total gross proceeds of US$6 million.
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.
Century Metals Inc. is pleased to announce that it has entered into a letter of intent dated effective September 23, 2019 outlining the general terms and conditions with respect to the acquisition by Century Metals of all the issued and outstanding share capital of Reyna Silver Corp.
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.
“As previously indicated, Colibri has been seeking alternative strategies to begin unlocking trapped deep value from its basket of five gold exploration projects located in Sonora State, Mexico. This agreement is one result of those efforts.” stated Colibri’s CEO Ron Goguen.
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