Day: February 4, 2020

Great Panther Receives US$11.25 Million Prepayment, Sets $1,500/oz Gold Floor Price and Locks in a Weakened Brazilian Real

“With the recent weakening of the Brazilian real, and gold prices reaching multi-year highs, we are taking the opportunity to increase certainty of cash flow in 2020,” stated Jeffrey Mason, Interim President and CEO. “Importantly, our business will continue to fully benefit from rising gold prices, while limiting downside at minimal cost. Together with the closing of the Samsung facility, our financial position continues to strengthen.”

Vizsla Resources Samples 1,264 g/t Silver Equivalent Across 1.2 Metres at Panuco Project, Mexico

“Vizsla continues to deliver new high-grade veins across the district. We are conducting first pass drilling on multiple veins at Panuco to establish priorities for possible resource definition drilling. While that program proceeds, we are mapping and sampling the many veins in the district. That mapping continues to reveal areas of high-grade mineralization previously not known to us. The Honduras vein is one such locality.” President and CEO, Michael Konnert commented.

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.

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