Month: December 2020

McEwen Mining Closes Flow-Through Financing

Rob McEwen commented: “These funds will be used for exploration to facilitate the rapid expansion of our discoveries at Stock and Grey Fox, which are key elements in our plans for growing the Fox Complex annual gold production to 100,000-150,000 oz over a 10-year mine life.

McEwen Mining: Fenix Project Feasibility Study

“Average annual production is projected at 26,000 oz gold in Phase 1 and 4,200,000 oz silver equivalent in Phase 2. The critical path environmental permits are in hand for the first phase of production. Our next steps will involve detailed engineering, assessment of procurement options, and the evaluation of financing alternatives,” said Rob McEwen, Chairman and Chief Owner.

Advance Gold Intersects 240g/t Silver over 2.30m in Hole 18 and 383g/t Silver over 0.80m in Hole 19 at Tabasquena

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “Three holes were completed near hole AGT-15 which previously reported a high-grade hit of 2.15m of 664.g/t silver. The most recent holes in the southern domain of the claims appear to extend the mineralization in veins to over 1000 metres. At the nearby MAG Silver mine, the highest grades were intersected several hundred metres deeper than where we have drilled the veins at Tabasquena. Our next focus will be to drill significantly deeper to test this depth potential, with drilling to begin shortly.”

Mexican Gold Announces $1.4 Million Financing

Mexican Gold Mining Corp. is pleased to announce the undertaking of a non-brokered private placement comprised of 20 million shares of the Company at an issue price of $0.07 per share for aggregate gross proceeds $1,400,000.

Canuc Closes Private Placement

Canuc Resources Corporation announces the closing of a non-brokered Private Placement for gross proceeds of $300,000 CAD.

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