Month: September 2020

Redstar Gold’s Cumaro Project is a Key Part of SilverCrest Metals’ New El Picacho District in Mexico

Redstar CEO, Charles Funk, commented “Having SilverCrest as our neighbour on three sides in the El Picacho district indicates the potential of Redstar’s 100% owned Cumaro project. Cumaro has the south-eastern extensions of the veins from the El Picacho property with drilling right up to the Cumaro boundary. Redstar will be actively exploring Cumaro later in 2020, once the Company has completed the three-drill rig exploration program we recently initiated at Unga in Alaska.”

Radius Gold Provides Exploration Update

New property evaluations with due diligence field visits and sampling have been conducted on gold and silver projects in Chihuahua, Sinaloa and Durango in Mexico and also in Utah and Montana, USA. 280 rock chip samples have been collected and are in varying stages of analysis. Radius expects to be able to announce a new project discovery or acquisition from this work in the coming months. Exploration for new targets by our regional teams, as always, is ongoing.

Vizsla Makes Fourth Discovery, Drilling 3,581 G/t Silver Equiv. Over 1.15 Metres Within 4.5 Metres Of 1,808 G/t Silver Equiv. at Tajitos Vein at Panuco, Mexico

Vizsla President and CEO, Michael Konnert, commented: “The Company has now made four high-grade discoveries since July 2020. The Tajitos discovery is the latest demonstration of the Panuco district’s potential. Vizsla is in a solid position to unlock significant value in a district that has never seen systematic exploration. Vizsla is well funded with over C$30M in the bank to explore veins which have never been mapped, sampled, or drilled, like Napoleon and Cordon del Oro. We are actively stepping out on the four discoveries to expand the footprint of mineralization at each area.”

Silver Dollar Arranges $10.5 Million Non-Brokered Private Placement

“We are very pleased that Eric Sprott has chosen to increase his ownership stake in the Company to 19.9%,” said Mike Romanik, president of Silver Dollar. “We also view First Majestic’s participation in this Offering as further validation of the exploration and development potential of the La Joya Silver Project.”

Alamos Gold Declares Quarterly Dividend

The Company has paid dividends for 11 consecutive years during which time $179 million has been returned to shareholders through dividends and share buybacks.

Barksdale Increases Private Placement

The Offering remains subject to closing of the San Javier transaction as announced August 6, 2020, customary closing conditions and acceptance of the TSX Venture Exchange. The Company anticipates closing both the Offering and the San Javier transaction on or about September 9th.

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.

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