Orla previously announced the results for the Updated Feasibility Study, which highlighted an estimated Project after-tax net present value (5% discount rate) of $452 million with an after-tax internal rate of return of 62% at a gold price of $1,600 per ounce.
“I deeply regret being in a position where we had to finance at this price, a price well below what I believe to be our real value.”
“Drilling has now identified compelling sulphide and oxide intercepts within an 800 metres strike-length that require additional drilling. A further 400 metres remains to be tested on the east side of the Cerro and further drilling is warranted on the newly acquired El Sol Claim which will all be part of the continued 2021 drill campaign.”
Silver Spruce Resources Inc. announced today the closing of the final tranche of its private placement consisting of 5,420,000 flow-through units at a price of $0.06 per unit for gross proceeds of $325,200.
“While drilling was impacted by the ongoing pandemic and permitting delays at the Europa-Guadalupe target, we are encouraged by results demonstrating considerable potential along strike and down dip at our top vein targets,” stated Darrell Rader, President and CEO of Minaurum.
Colibri Resource Corporation is pleased to announce that its option partner, Tocvan Ventures Corp. has reported assay results from its Phase 1 drill program at Colibri’s Pilar Gold-Silver Project.
The net proceeds from the offering shall be primarily used to fund continued exploration of the Corporation’s El Tigre silver project located in Sonora, Mexico.
“Exploration at Platosa continues to deliver compelling targets at a mine and regional level,” stated Ben Pullinger, SVP Geology & Corporate Development. “We are currently drilling regional discovery targets, with the Jaboncillo alteration zone representing a potentially larger-scale Platosa-style deposit and the PDN geophysical anomaly potentially representing a skarn-body associated with our Rincón del Caído discovery in 2012. Additionally, we continue to define the new 10-20 target, just south of the Mine, which has the potential to significantly increase the mineralized footprint at Platosa.”
“2021 represents a year of investment for Equinox Gold as we direct our strong operating cash flow to our existing portfolio of mines and growth projects,” said Christian Milau, CEO of Equinox Gold.
“Today’s results confirm the impressive gold and silver mineralization at Pilar is open for expansion. Planning is well underway for our next phase of drilling that will continue to expand the areas of known mineralization and test other property wide targets, drilling deeper and farther out from our established Main Zone.”
Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.
Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
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