“Like all of our personnel at the Belcarra Group, I am at home practicing social distancing. I am hopeful that the worst of the Covid-19 crisis is behind us. As most countries begin the difficult task of restarting their economies, I would like to take this opportunity to bring you up to date on Orex Minerals Inc., with some history and our plans for the future.
Taj Singh, President and CEO, states: “These drill results continue to illustrate the strongly mineralized footprint at Cordero. Hole C20-319, the furthest north-east hole drilled by Discovery for which assays have been received, intercepted 168.8 m of 207 g/t AgEq1 (70 g/t Ag, 0.10 g/t Au, 1.5% Pb and 1.9% Zn). Hole C20-317, the Company’s furthest south-west hole drilled to date, intercepted 79.0 m of 159 AgEq1 g/t (90 g/t Ag, 0.22 g/t Au, 0.9% Pb and 0.5% Zn). In total there is approximately 1,250 m of strike extent between these two holes. This not only demonstrates the sheer scale of the mineralized system but the broad widths and excellent grades near-surface also highlight the high-margin potential that exists at Cordero.”
Newmont Corporation today announced a $500,000 donation to the Colorado COVID Relief Fund, a statewide relief effort established in March with the support of Governor Jared Polis. A matching contribution from the Colorado Health Foundation will double the impact of Newmont’s donation to $1 million.
“We understood from our review of the Kilgore Project during our acquisition of Otis Gold that completing further environmental analysis would be required for the Dog Bone Ridge area in response to the Court’s December 2019 decision,” stated Brendan Cahill, President and CEO of Excellon.
Golden Minerals’ President and Chief Executive Officer, Warren Rehn, notes, “The first quarter of 2020 has marked a significant turning point in our business focus as we gear up for a restart of gold and silver production in Mexico based on our recent preliminary economic assessment for our Rodeo project. The positive results from our updated Velardeña preliminary economic assessment provide an additional potential opportunity for future production in Mexico.”
GR Silver Mining Ltd. announces that it has entered into an agreement with Beacon Securities Limited as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters, pursuant to which the Underwriters have agreed to purchase, on a “bought deal” private placement basis, 22,300,000 units at a price of $0.27 per Unit for aggregate gross proceeds to the Company of $6,021,000.
“The Company’s operations generated $1.9 million USD of cash flow, net of general and administrative expenses, in the quarter. Parral had another record production quarter, which covered corporate general and administrative expenses and the majority of our exploration expenditures at Los Ricos,” Brad Langille, President and CEO stated. “With our $19.1 million cash balance and the cash flow from our Parral operation, we are well positioned to execute on our Los Ricos project.”
Christian Milau, CEO of Equinox Gold, stated: “This PEA demonstrates the substantial opportunity for both mine life extension and increased annual gold production at Aurizona through development of an underground mine.”
Argonaut Gold Inc. and Alio Gold Inc. are pleased to announce that Glass, Lewis & Co., an independent proxy advisory firm that provides voting recommendations to shareholders, has issued positive reviews of the proposed merger announced on March 30, 2020.
Evrim President & CEO Paddy Nicol stated, “We would like to thank Newmont for their exploration expertise and financial support over the past three years. Exploration work totalling US$3.2 million allowed for the evolution of the Astro project from a regional greenfield generative concept (the Mackenzie Alliance) to a ten kilometre long structural corridor with outcropping gold mineralization.”
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