Month: February 2020

Ridgestone Mining Inc. Announces Closing of Final Tranche of Financing

An aggregate of 2,263,666 units at a price of $0.15 per Unit were issued in the Final Tranche for gross proceeds of $339,549.90 and the net proceeds are expected to be used for ongoing working capital requirements relating to the Rebeico gold-copper project in Sonora, Mexico.

Chesapeake Updates Exploration at Metates Regional Prospects

Chesapeake Gold Corp. is pleased to provide a further update on the exploration program at its Crisy and San Javier prospects in Durango State, Mexico. Crisy and San Javier are located 15 kilometers south and 12 kilometers southeast, respectively, of Chesapeake’s world-class Metates Project. Metates hosts one of the largest undeveloped gold, silver and zinc reserves in the world.

Avino Announces Early Warning Report

Avino Silver & Gold Mines Ltd. announces that on February 25, 2020 Avino acquired 6,290,000 common shares of Talisker Resources Ltd. through the exercise of 6,290,000 Talisker share purchase warrants at a price of $0.25 per share.

Candelaria Mining Announces $1,000,000 Private Placement Financing

Candelaria Mining Corp. is pleased to announce that the Company has received subscriptions for an offering, on a non-brokered private placement basis, of 4,237,042 units of the Company at a subscription price of $0.25 per Unit for aggregate gross proceeds of up to $1,059,261.

Major Drilling Reports Third Quarter Results for Fiscal 2020

“Our third quarter results reflect a normal part of our operational pattern, as mining and exploration companies shut down operations, in some cases for extended periods, over the holiday season. This quarter, we saw earlier shutdowns than last year, particularly in South America,” said Denis Larocque, President and CEO of Major Drilling Group International Inc.

Clarification of the Status of Almaden’s Ixtaca Project Mineral Claims

Almaden believes that the Amparo is not related to any genuine Ejido concern regarding its surface rights and lands. Instead, the Amparo is a broader legal challenge by foreign-funded anti-development NGOs against Mexico’s mineral title regime using Almaden’s mining concessions as a test case.

Exploration Activities to Recommence at Mammoth’s Tenoriba Gold Property, Mexico

Thomas Atkins, President and CEO of Mammoth commented on activities at Tenoriba, stating: “Mammoth believes it’s a significant vote of confidence on the mineral potential at Tenoriba that Centerra, with its experience in geological systems similar to those which host gold at Tenoriba, has elected to continue with the Tenoriba option in 2020.”

Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.

Layne, A Granite Company, provides sustainable solutions for water resources and mineral exploration. Originally established in 1882, Layne offers a rich history of delivering safe, professional, and reliable water and minerals solutions throughout North and South America. Granite acquired Layne and its subsidiaries in the fall of 2018, to further Granite’s strategy to grow through acquisition and diverse end market expansion.