Glenn Jessome, President and CEO of Silver Tiger, commented, “We are pleased to have Mr. Sprott’s support along with that of our other strategic institutional resource investors. We are now fully funded to drill the high grade vein extensions to the North and South of the historic El Tigre Mine.”
Fortune Bay Corp. is pleased to announce plans for the second half of 2020, focused on advancing the Goldfields Project located in northern Saskatchewan.
The Company intends to use the net proceeds from the Offering for working capital requirements and other general corporate purposes.
Ruben Padilla, President and CEO of Sable stated, “We are very pleased with these first results that demonstrate the existence of very high-grade silver ore shoots at El Fierro. These results confirm that a very strong mineralised system is present at El Fiero. We are also greatly encouraged with the high gold values as gold was never assayed historically at El Fierro. We are looking forward to providing additional results from the ongoing El Fierro exploration program in the near term.”
According to PrivatePlacements.com Mexico led the globe in gold-related financings, with $606 million raised in June alone.
Luis Marchese, CEO of Sierra Metals, commented: “I am very pleased that we are restarting operations and production at Cusi. The improved silver metal price provides for greater cash flow potential from Cusi, contributing to revenue for the Company. The management team expects to continue ramping ore throughput up to the targeted rate of 1,200 tonnes per day by the end of the year, and we have plans to update studies in the second half of the year for the next phase of Cusi.”
Colibri Resource Corporation is pleased to announce that it has received notice from its partner, Silver Spruce Resources that Phase 1 ground exploration program on the El Mezquite Gold Project will commence during the first week of August 2020.
Pete Dougherty, President and CEO stated: “We continue to intersect high-grade gold and more importantly, we are seeing promising high-grade continuity within the Elbow Zone where we have now tightened drill spacing averaging between 40 metres and 50 metres in two areas. We are anxiously awaiting results from Phase Two drilling in the Central Zone where, like results from the Elbow Zone, we continue to encounter visible gold.”
“Our purpose is to contribute to the wellbeing of people, through the sustainable mining of silver and gold – and this has guided all our decisions throughout the COVID-19 pandemic.”
Greg Crowe, President and CEO of Silver One commented: “Despite the onset of COVID19, we have been able to continue our exploration of the Phoenix Silver Project while adhering to COVID19 restrictions and regulations.”
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