Month: September 2021

Fabled Silver Gold Announces Arrangement Agreement, Interim Order for Spin-Out Transaction and Annual General and Special Meeting

Fabled Silver Gold Corp. is pleased to announce that it has entered into an arrangement agreement with its wholly-owned subsidiary, Fabled Copper Corp. pursuant to which the Company proposes to spin out its interest in the Muskwa copper project in northern British Columbia by distributing the shares the Company holds in Fabled Copper to the shareholders of the Company through a statutory plan of arrangement currently anticipated to be on the basis of one Fabled Copper share for every five common shares of Fabled held.

Tarachi Announces Drill Results from San Javier Concession in Sonora, Mexico

Lorne Warner, Tarachi VP of Exploration commented: “Tarachi’s geological team had anticipated the diamond drilling would locate an extensive hydrothermal system after review of our previous drilling program and the system remains open along strike. Regionally these hydrothermal systems which are related to porphyry type deposits and breccia pipes are known to occur in the area.”

Great Panther Secures $25 Million in New Credit Facilities

“The new credit facilities contribute an additional $25 million in working capital funding, providing us with increased financial strength and flexibility to execute on our objectives of replacing resources, extending mine life, and unlocking the regional potential of the Tucano Gold Mine,” stated Sandra Daycock , Great Panther’s Chief Financial Officer. “

Millrock Announces Definitive Assignment Agreement with Tocvan Ventures for El Picacho Gold Project, Sonora, Mexico

Millrock President and CEO Gregory Beischer commented: “El Picacho has great exploration potential for large-tonnage, bulk minable gold deposits, and higher-grade, vein-hosted deposits. We had previously dropped our option on the Project, but it was readily reinstated. In turn, we are very pleased to assign our rights to Tocvan in exchange for royalty interests that may begin cash flowing in a relatively short time period.”

Equinox Gold Announces Positive Pre-Feasibility Study for Aurizona Expansion and 73% Increase to Mineral Reserves

Equinox Gold Corp. is pleased to announce the results of a Pre-Feasibility Study for an expansion at the Company’s 100%-owned Aurizona Gold Mine located in Brazil. By mining the underground and satellite open-pit deposits concurrently with the existing Piaba open-pit, the expansion would extend the Aurizona mine life to 11 years with average annual production of 137,000 ounces of gold per year and total life-of-mine production of 1.5 million oz of gold.

Layne, A Granite Company, provides sustainable solutions for water resources and mineral exploration. Originally established in 1882, Layne offers a rich history of delivering safe, professional, and reliable water and minerals solutions throughout North and South America. Granite acquired Layne and its subsidiaries in the fall of 2018, to further Granite’s strategy to grow through acquisition and diverse end market expansion.

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