Month: September 2020

Prismo Metals Completes Initial Public Offering

The net proceeds from the IPO will be used for working capital and to carry out exploration of the Company’s Palos Verdes Property located in the southern part of the State of Sinaloa in northwestern Mexico, approximately 65 kilometers NE of Mazatlán, Sinaloa, in the Municipality of Concordia.

Silver Dollar Resources Starts Trading in the United States on the OTCQB Venture Market

“Qualifying for trading on the OTCQB is the next step in our ongoing effort to increase visibility, expand trading liquidity and broaden our shareholder base, said Mike Romanik, President of Silver Dollar. “Through the OTCQB, U.S. investors should find it easier to access our company information and most importantly trade our stock through the broker of their choice.”

Megastar Development Furthers Work on Its Epithermal Au-Ag Projects in Oaxaca, Mexico

“Our expansion into new areas has yielded several highly prospective geologic finds consistent with those seen in producing mine regions elsewhere along the emerging Au-Ag mineral belt,” said David Jones, Exploration Manager and Director of Megastar. “The systematic application of our exploration model continues to expand target areas within our existing projects and has guided us to previously unrecognized mineral districts with additional exploration potential.”

GoGold Releases Additional Results from La Trini at Los Ricos North, including 5.6m of 1,070 g/t AgEq and 17.2m of 330 g/t AgEq

“Our exploration program at the La Trini target in Los Ricos North is continuing to provide strong results and a better understanding of what controls high grade mineralization. Our drilling program in Los Ricos North is rapidly expanding from La Trini towards Salomon-Favor with a total of 6 drill rigs currently and a plan to increase to 8 to 10 rigs over the next 60 days,” said Brad Langille, President and CEO.

Silver Spruce Provides Update on Pino de Plata

“We are maintaining communication with drilling and geological teams in Mexico to exercise contract offers on a timely basis and we look forward with great anticipation to initiation of our fully funded Phase 1 drilling program on the Pino de Plata silver project.”

DynaResource, Inc. and DynaResource de México SA. de CV. Announce the Filing in Dallas County, TX of a Petition for Recognition Of The $48M USD Foreign Judgment Against Goldgroup Resources Inc. (the Subsidiary of Goldgroup Mining Inc.)

DynaUSA CEO and DynaMéxico President Mr. K.D. Diepholz noted: “The $48M USD Recognition Claim against Goldgroup Resources Inc. is the final step in the litigation against Goldgroup. The $48M USD award constitutes damages caused by Goldgroup to DynaMéxico, and DynaMéxico intends to pursue all legal avenues for collection of the damages from Goldgroup.”

Gray Rock Announces Board Changes

Gray Rock Resources Ltd. is pleased to announce that Mr. Stephen Williams, P.Eng, MBA, has been appointed to the Company’s Board of Directors, effective immediately.

Capitan Mining Inc. Receives Drill Permit and Commences Drilling at Penoles

Capitan’s CEO, Alberto Orozco, stated: “I am very excited to commence drilling at the Peñoles Project, and to be doing it as scheduled despite the challenges faced by our industry pertaining to Covid. We have a great technical team at Capitan, with significant experience in heap leach projects in Durango, Mexico. I am also pleased to have Layne de Mexico contracted as our driller at the Peñoles Project.”

Orogen Royalties: Silicon Nevada Royalty Update

Paddy Nicol, Orogen’s CEO states, “These results are exciting and have potentially meaningful implications for Orogen’s royalty on the Silicon project. The drill holes are located approximately 1,500 metres from the southern extent of AngloGold’s drilling on the main Silicon area.”

Mithril Extends Gold and Silver Vein System at La Soledad

“At La Soledad, the drilling has confirmed the high grades for gold and silver and has indicated considerable size for the La Soledad mine area with multiple high-grade parallel veins intercepted in this preliminary program. We are very pleased with these first drill results and to have gained considerable understanding about this multiple high-grade vein system. We look forward to returning to La Soledad in the next program.”

Silver One to Sell Mexican Silver Assets

Greg Crowe, President and CEO, commented: “Silver One will now have a significant position in a potential Mexican growth story, going forward into what appears to be a strong precious metals bull market.”

VVC Announces New Private Placement Closing, Debt Conversion, Acquisition of Samalayuca Shares and Grant of Options

Net proceeds of the Financing, after paying the general costs of the issue and the cash portion of the Finder’s Fee, will be used as needed for (a) development on the Kaity Property in Chihuahua, Mexico, including costs associated with various permits, metallurgical bench testing of the copper mineralization, and investigation, evaluation, planning and implementation of the Gloria Pilot Mining Project, (b) property option payments in Mexico, (c) reserve for future acquisitions, (d) current accounts payable, (e) general administrative expenses, and (f) working capital.

Candente Gold Secures Cornerstone for New Growth Strategy

Candente Gold Corp. is pleased to advise that the Company has signed the Definitive Agreement (signed April 28th, 2020) with Magellan Acquisition Corp. which gives Candente Gold the right to earn up to a 100% interest in the San Dieguito de Arriba beneficiation plant and take over their rights to a lease agreement on the El Dorado Property, both located in Nayarit State, Mexico.

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