Advance Gold Corp. announces that,subject to the approval of the TSX Venture Exchange, it proposes to increase to $725,000 its previously announced non-brokered private placement of units at a price of 10 cents per Unit for gross proceeds of $725,000.
Canasil Resources Inc. announces that the non-brokered private placement which was increased on July 21, 2020, to up to 6,250,000 units (the Units”) at a price of $0.20 per Unit for total gross proceeds of up to $1,250,000 is again oversubscribed. The Placement is increased to 7,500,000 units at $0.20 for gross proceeds of $1,500,000.
“The Rascadero area continues to return significant drill intercepts and the first holes into Las Lamas warrant additional drilling,” said Brad Langille, President and CEO.
The proceeds will be used for (i) repayment of the US$6 million bridge loan with Sprott Private Resource Lending II (Collector), LP entered into in connection with the acquisition of Otis Gold Corp., (ii) exploration on the Silver City, Platosa and Kilgore projects and (iii) general corporate purposes.
Shares of Mexican miner Penoles, one of the world’s largest silver producers, on Wednesday rose to their highest levels since November 2018 after subsidiary Fresnillo reported strong second-quarter results.
Advance Gold Corp. announces that,subject to the approval of the TSX Venture Exchange, it proposes to increase to $500,000 its previously announced non-brokered private placement of units at a price of 10 cents per Unit for gross proceeds of $500,000.
James McDonald, President and CEO of Kootenay, stated: “Encountering high silver grades so early in the inaugural drill program at Copalito is very exciting. We are optimistic about the potential of both Copalito and Columba hosting high-grade silver resources to add to our existing silver equivalent resource base of 144 million ounces in the measured and indicated category plus 35.7 million ounces in the inferred category at our La Cigarra and Promontorio properties. These projects represent a very strong portfolio of silver projects for the Company and shareholders as we enter a higher silver price environment.”
VanGold Mining Corp announces that due to increased demand the Company has expanded the size of its non-brokered private placement financing announced July 21, 2020 The Financing will now consist of a total of 24,500,000 units at a price of $0.155 per Unit for gross proceeds of $3,797,500.
At Plata Verde, Radius geologists re-discovered an undocumented large scale underground bulk mining operation where in the late 1800’s, historic miners hand excavated an extensive series of anastomosing caverns, producing silver bars at an associated smelter operation.
I am pleased to report resilient production performance with further progress made on our mine improvement initiatives. As a result, we are maintaining our silver guidance for the full year, though we have reduced our gold guidance due to COVID-19 related working restrictions mainly at our Herradura and Noche Buena mines which have impacted production volumes.
Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.
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.
Check the Mining State Panoramas
The promotion and dissemination as essential elements to understand and disseminate our Mineral resources, that is why today it is pleased to make the document “Mining Panorama” available to society, by state.
GeoInfoMex, is the consultation system of the Mexican Geological Service that allows users to know geoscientific information and make decisions with savings in time and resources, helping to promote mining activity.
México Minero is a non-governmental organization that promotes sustainable mining.
The DOF is the organ of the Constitutional Government of the United Mexican States, which has the function of publishing in the national territory, to so that they are properly observed and applied in their respective areas of competence.
Learn about the current situation of the mining industry as well as the activities carried out by Camimex.
Mexico Mining Center © 2021 / All Rights Reserved
