The Company intends to use the net proceeds of the Offering to fund additional exploration on its Los Ricos project, particularly at the Monte Favor target on the project which the Company has yet to drill, and for corporate development and general corporate purposes.
Colibri Resource Corporation is pleased to announce that it has contracted Major Drilling for its maiden drilling program at its Evelyn Gold Project located 60 km NW of Caborca, Mexico.
Ridgestone Mining Inc. is pleased to announce that it intends to complete a non-brokered private placement financing for gross proceeds of up to $1,050,000.
“With the recent weakening of the Brazilian real, and gold prices reaching multi-year highs, we are taking the opportunity to increase certainty of cash flow in 2020,” stated Jeffrey Mason, Interim President and CEO. “Importantly, our business will continue to fully benefit from rising gold prices, while limiting downside at minimal cost. Together with the closing of the Samsung facility, our financial position continues to strengthen.”
“Vizsla continues to deliver new high-grade veins across the district. We are conducting first pass drilling on multiple veins at Panuco to establish priorities for possible resource definition drilling. While that program proceeds, we are mapping and sampling the many veins in the district. That mapping continues to reveal areas of high-grade mineralization previously not known to us. The Honduras vein is one such locality.” President and CEO, Michael Konnert commented.
Sierra Metals Inc. has filed an independent technical report prepared in accordance with National Instrument 43-101 on the Yauricocha Mine in Peru.
Sonoro Metals Corp. announces that discussions regarding project debt finance and engineering, procurement and construction (“EPC”) contracts with China-based EPC companies continue to advance.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “The third phase of geophysics has extended the length of the continuous chargeability anomaly and has given us better depth resolution. At the southern end of the survey area the chargeability anomaly appears to come much closer to surface and increases in magnitude. With this in mind, we will now be using the second rig on the property to drill this new southern target.”
First Majestic Silver Corp. is pleased to announce the appointment of Mr. Steve Holmes to the role of Chief Operating Officer. Mr. Holmes is a mining engineer with over 35 years of experience and will be responsible for overseeing all operational functions at the Company’s Mexican portfolio of silver mines and projects.
Argonaut Gold Inc. confirms the filing of the Technical Report for the Pre-Feasibility Study in relation to its Cerro del Gallo project in Guanajuato, Mexico, pursuant to National Instrument 43-101 of the Canadian Securities Administrators.
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