Auxico Resources Canada Inc. is pleased to announce that it has signed a joint venture agreement with Kibara Minerals for the concentration and export of tantalum and niobium ores from the Democratic Republic of the Congo.
GoGold Resources Inc. is pleased to announce they have resumed drilling at the Company’s Los Ricos project, and has returned to full operations at Parral.
Great Panther Mining Limited reports the restart of mining operations in Mexico following a government order adding mining to the list of essential services. The restart is following a phased approach to accommodate new protocols in response to COVID-19. The Company’s operating and health plans for both mines, in alignment with most recent government regulations, received approval from the Mexican Institute of Social Security. Mining and processing operations have commenced at the Topia Mine in Durango, and processing at the Guanajuato Mine Complex in Guanajuato is expected to start next week.
“Our recent drilling from Diluvio West and Marianas confirm that these zones are emerging as important contributors to the future of Mercedes,” commented Stephen McGibbon, Executive Vice-President. “The results of our Q1 program have provided some of the best intercepts realized over the past several years with grades well exceeding current reserves. We look forward to expanding on these now that drilling has been reactivated.”
Golden Goliath Resources Ltd. is very pleased to announce that the recently announced private placement has now received the necessary regulatory approvals. Originally planned for $350,000, the private placement was increased to $450,000 due to demand and then again to $500,000.
Alamos Gold Inc. today announced that the Company’s Board of Directors has declared a quarterly dividend of US$0.015 per common share.
Magna Gold Corp. is pleased to announce that it has closed its previously announced non-brokered private placement of 17,075,000 common shares in the capital of the Company at a price of $0.41 per Offered Share for aggregate gross proceeds of $7,000,750.
Bradford Cooke, Endeavour Director and CEO, commented, “Last year at Guanacevi, we were successful in outlining new resources on the El Curso property, and we commenced mining there in late Q3, 2019. This year, we continue to discover new resources in the Santa Cruz vein on El Curso which should add to our mine life at Guanacevi.”
By conducting this large test, the Company will gain valuable metallurgical and precious metal recovery information pertaining to the mineralized material on the El Pinguico property. As well, the Company will gather critical economic data regarding the potential for direct shipping of this material, as well as higher-grade material stockpiled underground within old mine workings of the El Pinguico mine, to one of several operating mills in the Guanajuato area.
This document updates and includes one additional table of results previously not stated in the News Release disseminated earlier today.
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