Month: June 2021

Chesapeake Releases Results from Metates Drill Program; Highlights Include 432 Metres of 1.80 g/t and 282 Metres of 1.53 g/t, Gold-Silver Equivalent

Alan Pangbourne, CEO, states: “The drill results from Metates are higher than expected further supporting our thesis that within the world class deposit, a higher-grade component exists from which we can build a foundation for a new mine plan. We look forward to completing ongoing efforts to re-scope and optimize this impressive project.”

Altaley Restructures US$26 Million Debt with Trafigura and Nyrstar

“We are extremely pleased to provide shareholders and investors this important and exciting news of achieving a negotiated US$26 million debt restructuring” states Ralph Shearing, CEO, “Within several weeks we anticipate closing the last step in our company’s recently announced Accendo Syndicate funding plan to provide Altaley a fully funded solution to complete the ongoing construction of its flagship Tahuehueto gold mine.”

Goldgroup Receives USD $1.1M Appeal Bond Funds and Announces Date of its Annual General and Special Meeting

Goldgroup Mining Inc. announces that—further to its legal update provided on April 20, 2021, where the Company announced the Tenth Circuit Court of Appeals affirmed the May 9, 2019 order and judgment from United States District Court for the District of Colorado, which confirmed the arbitration award the Company received on August 14, 2016 pursuant to an arbitration held in Denver, Colorado, commencing in March 2014—the Company has received the USD $1.1 million appeal bond funds posted by DynaResource Inc. in connection with its appeal to the Circuit Court.

Advance Gold Extends Warrant Exercise Period

Advance Gold Corp. is pleased to announce that it has applied to the TSX Venture Exchange to extend the expiry date on 3,082,000 share purchase warrants, issued pursuant to a Private Placement Financing in July 2019, by 1 year to July 9, 2022.

Orogen Royalties Announces Trading on the OTCQX

Paddy Nicol, Orogen’s President and CEO commented, “Orogen is proud to have met the qualifications for the OTCQX, the top tier of the OTC markets. Trading on the OTCQX enables the Company to enhance its visibility and liquidity with U.S. investors. Orogen looks forward to an exciting future with our organically generated royalty and property assets in the U.S., Canada, and Mexico.”

Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.

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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.