Month: June 2020

Silver Dollar Signs Letter of Intent to Acquire La Joya Silver Project from First Majestic

“La Joya is an advanced exploration and development stage project that will provide our shareholders with tremendous leverage in a rising metals market,” said Mike Romanik President of Silver Dollar. “The Property’s regional targets are of particular interest as they have never been followed up and their exploration potential remains untapped. The transaction also gives us an opportunity to work with First Majestic, one of the largest silver producers in Mexico.”

Fortuna Reports Results of Annual General Meeting

Shareholders voted in favor of all matters brought before the meeting including the appointment of auditors, the election of management’s nominees as directors, and the renewal of the Company’s 2.25% Share Unit Plan and the unallocated entitlements thereunder.

Valterra Closes First Tranche of Private Placement

Net proceeds from the private placement will be used to fund acquisition costs of an indirect 100% interest in a mineral property in Brazil known as Lima as well as initial exploration work in preparation for bulk sampling at Lima, and for general working capital.

Golden Tag Announces Tom English Joins Board of Directors

Greg McKenzie, President and CEO commented, “We would like to welcome Mr. English to the Golden Tag team as a Director of the Company. His years of extensive capital market experience will be valuable as we look to unlock shareholder value.”

GR Silver Mining Completes $9,153,000 Bought Deal Financing

GR Silver Mining President and CEO, Marcio Fonseca, commented: “With the closing of this oversubscribed bought deal financing, GR Silver Mining now has a solid cash position on its balance sheet, placing the Company in a strong position to continue drilling activities in the Plomosas and San Marcial Project.”

Newmont Ranked Top Miner in 100 Best Corporate Citizens List

“Consistently strong environmental, social and governance performance is inextricably linked to delivering superior business results and is a key measure of how well our business is managed overall,” said Tom Palmer, President and Chief Executive Officer. “This recognition is yet another indicator of how deeply sustainability and strong, transparent governance is integrated into our culture.”

Discovery Extends Higher-Grade Mineralization & Expands Drill Program at its Cordero Project

Taj Singh, President and CEO, states: “We are very encouraged that we continue to intercept broad zones of mineralization with excellent grades along the north-east trend in areas where there are significant gaps in previous drilling. We are also excited to announce, based on the excellent exploration results we have achieved to date, we are expanding our Phase 1 drill program by approximately 20,000 metres. With over C$40 million cash on our balance sheet we are very well positioned to not only complete this expanded program, along with an updated resource and PEA, but also to advance and drill test our property-wide targets at Cordero.”

Sierra Metals Confirms New High-Grade Silver Zone at its Cusi Mine, Mexico, Including 17 Meters True-Width of 428 Grams per Ton Silver, and Provides an Operational Update

“This exploration program confirms the existence of high-grade silver mineralization and demonstrates the important potential of this new zone. It will also allow the Company to use a mining method which results in high productivity thus achieving the planned objectives for the Cusi Mine” stated J. Alonso Lujan, Vice President Exploration of Sierra Metals.

Santacruz Silver Reports Fourth Quarter / Year-End 2019 Financial Results

Mr Carlos Silva, CEO of the Company commented; “This past year was a period of both challenges and successes. In October 2019 we completed a two-step process with the Company acquiring a 50% interest in Carrizal Mining at each step. This has allowed the Company to operate the low cost Zimapan mine in Q3 and Q4 under a lease agreement with Grupo Peñoles.”

Despiden a 150 Mineros

Al menos, 150 mineros pertenecientes al Sindicato Independiente, fueron despedidos por la minera Fresnillo PLC, luego de la riña campal que se registró el pasado viernes, entre estos últimos y los del Sindicato Nacional Minero Metalúrgico FRENTE.

Kootenay Reports Assay Results From First 100 Meters Drilled at Copalito Silver-Gold Project

James McDonald President and CEO comments, “This is a very good start to the program demonstrating sub surface values in line with those seen at surface. We believe this bodes well for future drilling where veins report high silver and gold grades along several kilometers of strike length. We are looking forward to announcing more results expected as early as the first half of July depending on lab turn around.”

GoGold Intersects 4.4m of 1,120 g/t Silver Equivalent

“These holes represent the first round of drill results from our restarted drilling program, and also include our first drill intercept from the East Vein which is encouraging. With the drilling at Los Ricos North underway, we await assay results over the coming weeks which we believe could substantially broaden the potential of the Los Ricos district,” said Brad Langille, President and CEO.

Vizsla Adds Second Drill Rig at Panuco Silver Project, Mexico

CEO Michael Konnert stated “Vizsla now has two drill rigs testing two high-priority targets, the Napoleon vein system and the Cordon del Oro vein corridor. During the last two months, Vizsla has positioned itself to be in the best shape yet since commencing work at Panuco in Fall of 2019. While the site was paused due to COVID-19, Vizsla’s team has focused on completing the mapping of the site and further analysing the local geology.”

Mithril Resources Ltd. – Exploration Activity – Copalquin Mexico

“All personnel, contractors and support items are ready for the commencment of drilling at Copalquin. Mobilisation is progressing smoothly with turning of the drill bit scheduled to commence before mid July 2020, under the experienced management of Hall Stewart, Chief Geologist.

Fortune Bay Corp. Announces Grant of Stock Options

Fortune Bay Corp. announces that the Board of Directors of the Company has approved the granting of 500,000 incentive stock options pursuant to the Company’s Stock Option Plan to Mr. Dale Verran.

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