Year: 2019

Odyssey Marine Exploration Provides Update on Business Plan Progress

‘In my previous communications, I’ve discussed the ongoing transformation of our business. That transformation is now complete, and we are laser focused on our new business model – development of multi-billion-dollar assets through the discovery and development of valuable seafloor mineral deposits while being responsible stewards of the environment,’ stated Mark Gordon, Odyssey Chairman and CEO. ‘Odyssey is at the forefront of this emerging industry, and we now have economic interests in a number of different seafloor mineral projects. These new projects have the potential to match or exceed the value of our Mexican phosphate deposit. And we’re now moving these projects through critical milestones that will allow us to realize that value in a manner that is meaningfully obvious in the overall valuation of our company.’

Prize Mining Closes Final Tranche of Private Placement

PRIZE MINING CORPORATION is pleased to announce that, further to its news release of May 27, 2019, it has closed the second and final tranche of its non-brokered private placement of 7,800,000 common shares at a price of $0.025 per Share for gross proceeds of $195,000.

Evrim and Harvest Gold extend Cerro Cascaron agreement in Mexico

Evrim Resources Corp. is pleased to announce it has signed a letter agreement with Harvest Gold Corp. to extend the Cerro Cascaron agreement for a period of six months. Under the terms of the Agreement, Evrim and Harvest Gold will attempt to renegotiate the terms of the Cerro Cascaron agreement and search for a new gold project in Mexico.

Silver Bull Extends Sierra Mojada Strike Length by 950m, Intersects 1.35 Meters of Mineralization Grading 10.47% Zinc, 8.25% Lead, & 586g/t Silver, and 1.8 Meters Grading 12.2% Zinc, 1.4% Lead & 53g/t Silver in Coahuila, Mexico

Tim Barry, President, CEO and director of Silver Bull states, ‘The results from the first two holes in the East End are very encouraging. We have extended the mineralization an additional 950 meters to the east along strike of the Sierra Mojada Deposit, and show mineralization is far from drilled off in the area. Our interpretation of the results is that the drill holes clip the very northern edge of the main trend of Sierra Mojada deposit, and the guts of the system still lies to the south, untested. What is also encouraging is we are seeing a change from oxide mineralization to sulphide mineralization as we go deeper into the system. The advantage of sulphide mineralization over oxide mineralization, and why it is the target of this drill program is that it tends to be higher grade and will likely have a more standard metallurgical process to concentrate the ore. Since finishing up the B19003 drill hole in this area the drill has now moved off to the Palomas Negras prospect which sits 9 kilometers to the west of the main deposit. Results from the drilling at Palomas Negras are expected shortly.’

Advance Gold Announces Private Placement Financing to Fund Geophysical Program and Further Drilling

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 5 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 seven cents per share at any time within 24 months of the date of issuance.

Gainey Advances Drilling Program at Las Margaritas

David Coburn, Gainey CEO, stated ‘We are excited about the high gold grades obtained in our surface sampling program and the fact that Las Margaritas has never been drilled. Our exploration team has been optimizing our drill program to test the down-dip and strike continuity of the mineralization and we are now ready to move forward. Discussions with drilling contractors are underway and mobilization of equipment is expected to begin in the coming weeks.’

Endeavour Silver Receives Final Tailings Permit for the Terronera Mine Project in Jalisco State, Mexico

Now that the Terronera mine project is fully permitted, Endeavour Silver plans to complete a final improved prefeasibility study in the 3rd quarter and arrange appropriate financing to build Endeavour’s next core asset. Following an estimated eighteen month construction period, the Terronera mine is expected to produce more than 5 million oz silver equivalents (at an 80:1 silver:gold ratio) over a minimum 12 year mine life, at an all-in sustaining cost per oz of silver produced in the lowest quartile of industry peers.

Goldplay Announces Private Placement and Debt Settlement

Goldplay Exploration Ltd. is pleased to announce that the Company will undertake a private placement of up to 8,800,000 common shares at a price of $0.125 per share for gross proceeds of up to $1,100,000. The proceeds of the Offering will be used for exploration on the Company’s San Marcial property in Mexico and general and administration costs for its operations in Mexico and Canada.

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