Orex Minerals Inc. is pleased to announce that they have entered into an agreement with Pan American Silver Corp. through its subsidiary Plata Panamericana SA de CV regarding the Sandra Escobar Project, in northern Durango, Mexico.
Frederick Davidson, CEO and President of IMPACT comments ‘The strong interest level in our financing in summer months confirm the quality of IMPACT shareholder’s belief in our large land package’s potential and proven past production level. With additional capital on hand from this financing the Company aims to continue exploring high potential gold and copper assets for near term development around Santa Teresa, continue to optimize the Guadalupe operation to reach positive operational cashflow, continue with Dense Media Separation (DMS) study at Capire Volcanic Massive Sulphide (VMS) project, and push for value creation via joint ventures on the Taxco North areas.’
MEXICAN GOLD CORP. is pleased to announce that, subject to TSX Venture Exchange approval, it is undertaking a non-brokered private placement comprised of up to 50,000,000 units of the Company at an issue price of $0.08 per Unit for aggregate gross proceeds up to $4,000,000.
The region saw 29 new financing deals announced in the quarter worth US$128mn, according to figures collated by BNamericas. This was a sharp drop from the 37 deals and US$387mn in Q1.
Leagold Mining Corporation reports Q2 2019 consolidated gold production of 91,285 ounces, bringing year to date 2019 production to 197,234 oz, in line with guidance. Sales in the first half of the year totalled 201,724 oz.
‘The successful conclusion to the Phase Two drilling program has enabled Sonoro to proceed with the commissioning of an NI 43-101 technical report by a team of independent geologists, to estimate the resource potential for Cerro Caliche,’ said Kenneth MacLeod, President and CEO of Sonoro. ‘Following receipt of the contemplated technical report, Sonoro plans to conduct a comprehensive review of the data to determine the scope and scale of a Phase Three drill program.’
Proceeds from the Private Placement will be used to fund the Companys exploration programs at the Cervantes porphyry gold-copper project in Sonora, Mexico and the Tombstone CRD silver-lead-gold-copper project in Arizona, as well as for general working capital purposes.
Silver One Resources Inc. is pleased to announce that it will conduct a non-brokered private placement of up 20,000,000 units at a price of $0.125 per Unit for gross proceeds of up to $2,500,000.
Arturo Prestamo, Santacruz’s CEO stated, ‘The acquisition of a 50% interest in Carrizal is an important first step towards returning to 100% ownership rights in the Veta Grande Project, subject to receiving the necessary approvals to complete the purchase of the remaining 50% of Carrizal. It also offers the Company a chance to acquire an indirect interest in an operating mine in a potentially accretive transaction that could enhance Santacruz’s operations.’
Fresnillo plc sigue la construcción de la planta de flotación de jales en Fresnillo para procesar jales históricos y continuos que programa poner en funcionamiento en el segundo semestre de 2020.
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