Day: August 17, 2020

Americas Gold and Silver Announces C$25.0 Million Bought Deal Financing

The proceeds from the sale of the Shares will be used for the exploration, development and/or improvement of the Company’s existing mine properties, including those relating to bringing Relief Canyon into commercial production and for working capital and general corporate purposes.

Millrock Corporate Update

Millrock Resources Inc. reports that drilling at the Echo Target on the West Pogo block of the 64North gold project in Alaska has now begun.

Southern Silver Closes Both C$10 Million Brokered and C$4 Million Non-Brokered Private Placements

The net proceeds raised under the Offerings will be used to fund the cash payment for the Transaction and for general working capital purposes inclusive of funding costs associated with the continued exploration and development of the Cerro Las Minitas polymetallic mineral property in Durango, Mexico. Up to 10,000 metres of new drilling is planned on the property, commencing in mid-September.

Zanzibar Gold Inc Announces Greg Bronson as President and Chief Executive Officer

“I am very excited to be joining the Zanzibar team,” said Greg Bronson. “I believe Zanzibar has a great future with its newly acquired Sonora Gold project. Zanzibar has developed a talented Canadian/Mexican exploration team that uniquely positions it to capitalize on the growing gold environment. As the gold sector evolves through higher commodity prices, I believe Zanzibar can provide cost-effective exploration results and timely project news with Sonora Gold project.”

Riverside Stakes the High Lake Greenstone Belt West of Kenora, Ontario, Canada

Riverside’s President and CEO, John-Mark Staude, stated: “We continue our Company’s generative approach acquiring district scale projects whereby major mining companies can work systematically with Riverside and without serious third-party ownership interference. This Greenstone belt has been largely ignored since the last gold cycle. With recent discoveries in Red Lake and Rainy River explorers have focused on those areas and we believe the potential for new discoveries in this belt is excellent with the application of modern exploration approaches.”

Sable Private Placement Over-Subscribed and Upsized to C$9 Million

“With our recent work defining a large footprint of high-grade mineralisation at El Fierro, this strong interest from both institutional and retail investors firmly supports our decision to advance aggressively to drill phase at this project,” stated Ruben Padilla, President & CEO.

Silver Bull Resources Enters Into an Option Agreement to Acquire the Beskauga Copper-Gold Project in Kazakhstan

Tim Barry, President, CEO and director of Silver Bull states, “We are extremely pleased to enter into this agreement with Copperbelt. We believe the Beskauga copper-gold Project represents one of the best exploration opportunities in the world. The high quality work that has been completed on the project to date indicates Beskauga is a huge mineralizing system that has considerable upside that has yet to be explored.”

Layne, A Granite Company, provides sustainable solutions for water resources and mineral exploration. Originally established in 1882, Layne offers a rich history of delivering safe, professional, and reliable water and minerals solutions throughout North and South America. Granite acquired Layne and its subsidiaries in the fall of 2018, to further Granite’s strategy to grow through acquisition and diverse end market expansion.

We are world leaders in testing, inspection and certification services. We are present in all sectors of the economy with solutions and services that enhance the business, avoiding risks, improving operational performance and protecting the reputation and brand of our clients.