Month: June 2020

Orex Closes $1 Million First Tranche of Private Placement

Orex intends to use the net proceeds of the Offering to maintain its 40% share of the Sandra Project in good standing and fund its 40% share of the upcoming work program, and for general corporate and working capital purposes.

Sable Appoints New CFO

Sable Resources Ltd. announces that the Company has appointed Kelso Cartwright as CFO.

Ridgestone Announces Completion of Drill Program

The New Year Zone diamond-drill core program was completed by Layne de Mexico under the guidance of Steve Weiss (Chief Technical Advisor) and Jonathan George (CEO), with onsite supervision by geologists from Ridgestone’s partner YQ Gold.

Apollo Gold Signs Letter of Intent with First Majestic Silver for Option to Acquire Its Jalisco Group of Property Concessions in Mexico

Pursuant to the LOI, Apollo has confirmed its intention to enter into a 3 year earn-in option with First Majestic to acquire 100% of First Majestic’s ownership in its Jalisco Group of properties, in the state of Jalisco, Mexico. The LOI is non-binding, however it is the intention of Apollo and First Majestic to enter into a Definitive Agreement within 90 days.

Canarc Appoints VP Exploration

Scott Eldridge, Canarc’s CEO stated: “It is a pleasure to welcome Mr. Gill to our Canarc management team. We look forward to working with Troy to create value for shareholders through both our exploration and acquisition strategies. Canarc plans to carry out two drill programs on our projects in Nunavut and British Columbia over the next three months. We thank outgoing VP Exploration Dr. Jacob Margolis for his contributions and wish him all the best.”

SilverCrest Provides Corporate Update

N. Eric Fier, CEO, commented, “We continue to adjust to unprecedented COVID-19 conditions with the operation of a fully functional confined camp at Las Chispas. Health and safety of our people and surrounding communities are paramount as we move the project forward. The SilverCrest Team is back to operating eight exploration drills, advancing underground development at 10 to 15 metres per day, and working diligently on feasibility and engineering designs in preparation for potential major mine construction in 2021.

First Mexican Gold Corp. Announces Grant of Options

First Mexican Gold Corp. is pleased to announce that it has granted an aggregate of 2,500,000 options to purchase common shares of the Company, exercisable at a price of $0.24 per share for a period of five years from the date of grant, to certain directors, officers and consultants of the Company.

Metalla and Coeur Announce US$12.7 Million Secondary Bought Deal Offering of Common Shares of Metalla

Metalla Royalty & Streaming Ltd. and Coeur Mining, Inc. announce that they have entered into a bid letter with a syndicate of underwriters led by PI Financial Corp., Haywood Securities Inc. and Cantor Fitzgerald Canada Corporation pursuant to which the Underwriters have agreed to buy on a “bought deal” basis 2,400,000 common shares of Metalla currently held by Coeur at a price of US$5.30 per Common Share for gross proceeds to Coeur of approximately US$12.72 million.

Southern Silver Announces C$7 Million Private Placement Financing

Southern Silver Exploration Corp. announces that in conjunction with the previously announced Transaction to acquire an additional 60% indirect working interest (for a 100% indirect ownership) in the Company’s flagship Cerro Las Minitas project, it plans to issue a minimum of 35,000,000 subscription receipts of the Company in a fully marketed private placement at a price of C$0.20 for gross proceeds of a minimum of C$7,000,000.

Southern Silver Announces Transformative Transaction to Acquire 100% of its Flagship Cerro Las Minitas Silver Project

Lawrence Page, Q.C., Southern Silver’s Chairman and Director, stated: “Upon completion of the transaction the benefits to Southern Silvers shareholders and investors will be significant. Sole ownership of the Project inclusive of the significant resources developed to date allows us great latitude in developing the Project for substantial resource growth. The transaction will also provide a 150% increase in attributable resources which will be highly accretive to Southern Silver shareholders.”

MAG Silver Appoints Peter Barnes as Board Chair

“Under Jonathan’s leadership, the foundation was laid for the Company to make the transition into production,” said Peter Barnes. “I look forward to serving as MAG’s new Board Chair, as the Company becomes a significant silver producer.”

GR Silver Mining Reports High-Grade Silver-Gold Drill Results at Plomosas

GR Silver Mining President and CEO, Marcio Fonseca, commented, “We continue to systematically review the extensive un-released historical and recent drill hole database at the Plomosas Silver Project. The review confirms the presence of high-grade Au-Ag zones, which were not previously explored and evaluated by previous owners, nor integrated into a resource estimation. Most of the new mineralized veins are accessible through existing underground development, which facilitates planning of additional underground drilling and provides opportunities for new discoveries.”

Riverside & BHP Progress into Second Year of Exploration Funding Agreement for Copper Discovery

Riverside’s President and CEO, John-Mark Staude, stated: “We are delighted to continue our joint program and although having to modify the work program during the COVID times, BHP has been steadfast with Riverside in commitment to the exploration potential and discovery work we have in front of us while adjusting to the realities of working safely with regard for all stakeholders. Last year we acquired ground and now with this new funding we can progress in unlocking the value and acquiring additional prospects. We are excited for the progress and potential of this collaborative copper program and see great potential for drilling copper discoveries in Sonora.”

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