MAG intends to use the net proceeds of the Offering to fund exploration on Juanicipio and its other projects including Deer Trail, and to fund certain sustaining capital requirements at the Juanicipio Project not included in the initial project capital estimates, and for working capital and general corporate purposes.
GR Silver Mining President and CEO, Marcio Fonseca commented “The first drill results from our Loma Dorada target provide significant encouragement for us to continue prospecting in this area, with the objective of defining new high-grade zones within our Plomosas Project.”
James Anderson, Chairman and CEO, said, “As Mexico’s newest precious metals producer, we continue to advance towards the successful completion of this ramp-up stage at El Cubo.”
“I would like to thank our shareholders and the shareholders at Kirkland Lake Gold for supporting the merger of the two companies. We are very excited about the transaction as it positions Agnico Eagle as the leading low risk global gold company with growing production, low costs and strong ESG leadership,” said Sean Boyd, Agnico Eagle’s Chief Executive Officer.
Of the total proceeds of $810,750 received, $645,750 will be used for drill programs on the Company’s silver-gold projects in Durango and Zacatecas States, Mexico, and for working capital, and the $165,000 FT portion will be used to fund qualifying exploration programs on the Company’s copper-gold projects in British Columbia, Canada.
“We have receipt of flight data from our LiDAR survey and are updating the Pino de Plata technical database while negotiations remain ongoing for an access agreement with the landowner to allow drilling on several highly promising silver targets,” said Greg Davison, Silver Spruce Vice-President Exploration and Director.
Discovery Silver Corp. is pleased to announce its financial results for the three months ended September 30, 2021 and to provide a summary of key events for the quarter and subsequent to quarter-end.
“We are very excited to deliver this updated Reserves and Resource statement for our Santa Elena operation which includes for the first time, the addition of Mineral Reserves at our Ermitaño project located only four kilometers away from the Santa Elena processing plant,” stated Keith Neumeyer, President and CEO.
Fabled Silver Gold Corp. announces the results of surface diamond drilling from the upgraded 14,400 -meter drill program on the “Santa Maria” Property in Parral, Mexico.
The net proceeds of the Offering will be used to fund exploration on Juanicipio and MAG’s other projects including Deer Trail, certain sustaining capital requirements at the Juanicipio Project not included in the initial project capital estimates, and for working capital and general corporate purposes.
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