Month: February 2020

GoGold Intersects 17.3m at 317 g/t Silver Equivalent at Los Ricos South Project

“We are drilling these short holes in order to obtain assay information on the upper 100m portion of the Los Ricos vein that forms the face of the el Abra hill. This part of the deposit has not been drilled in the past and is essential to complete these drill holes for estimating the resource,” said Brad Langille, President and CEO.

Evrim Resources’ Ermitaño Royalty Update

“We are pleased to see First Majestic’s effort and commitment to complete the underground development in 2020,” commented Evrim President and CEO, Paddy Nicol. “Evrim holds two royalties (Ermitaño and Cumobabi) in the vicinity of the Santa Elena mine and we see a bright future for the mine and our interests. We are very excited about the prospect of receiving our first ever royalty payments in 2021 upon the commencement of commercial production at Ermitaño.”

Riverside Announces Spin-Out of Penoles Project

John-Mark Staude, Riverside’s CEO stated, “We believe the spin-out of the Peñoles Project will be very beneficial to shareholders. Among other benefits, it will unlock the value of the Peñoles Project by allowing it to be developed separately, by a skilled and experienced management team, and it will allow our shareholders to own shares in two public companies.”

Aztec Minerals Re-Pricing of Stock Options

Aztec Minerals Corp. Board of directors of the Company has approved the repricing of a total of 200,000 stock options of the Company from $0.25 to $0.12 per common share, and a total of 1,950,000 stock options of the Company from $0.35 to $0.105 per common share.

GoGold Closes C$25 Million Bought Deal Financing

The Company intends to use the net proceeds of the Offering to fund additional exploration on its Los Ricos project, particularly at the Monte del Favor target on the project, and for corporate development and general corporate purposes.

Telson Mining Corporation Campo Morado Production Update

“Since Campo Morado re-started operations on January 26, 2020 the mill operated for 21.5 days to February 22, 2020, averaging approximately 1900 tonnes throughput per day. On eleven days, mill throughput production exceeded 2,000 tons per day, achieving a maximum rate of 2,193 tonnes per day” states Ralph Shearing, CEO.

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