Drilling from underground continues to define and expand known mineralization ahead of production at the 623 and NE-1S mantos. Drilling at Platosa will continue to target areas ahead of production and test the extent of mineralization around mine workings.
Silver Spruce Resources Inc. announced today that it has closed its private placement for proceeds of $1,205,800.
Mexican Gold Mining Corp. is pleased to announce that it has appointed Jack Campbell as President, CEO, and Director of the Company. Mr. Campbell is a Professional Engineer and holds a BSc from the University of Maryland.
“In parallel with the construction and ongoing ramp up of operations at the Santana gold mine, we have continued our exploration activities throughout this highly prospective area. The current drilling, although designed for pit optimization work, continues to provide positive surprises, especially at depth, as we test the outer boundaries of known mineralized zones.”
Silver Viper’s President and CEO Steve Cope states, “Recent drilling at El Rubi has continued to expand knowledge along the main mineralized trend. In the deeper holes we are seeing continuations of mineralized structures hosted by the rhyolitic tuff unit which underlies the main andesitic host rock.”
Defiance Silver Corp. is pleased to announce that it will be commencing a drill campaign on the regional exploration targets at Lucita on the company’s Zacatecas project. Drilling is scheduled to commence on or around October 10th and will initially be focused at Lucita South, which includes the Palenque, El Puerto, and the Tahuares vein structures.
The Company has learned that the Mexican National Banking and Securities Commission (CNBV) notified Accendo Banco, S.A. (Accendo Banco) of the revocation of its authorization to organize and operate as a multiple banking institution due to below the regulatory minimum levels of liquidity coverage ratio of the institution.
Derek Wood CEO of Tocvan commented, “We believe the value of the Rogers Creek Property is not reflected in Tocvan’s current share price and see the proposed Spin-Out to create additional value for Tocvan shareholders.”
“It has been a rough patch for the junior resource sector over the last several months, but we remain laser-focused on creating value for our shareholders,” said Mike Romanik president of Silver Dollar. “We are cashed-up and eager to restart exploration drilling at La Joya.”
Taj Singh, President and CEO, states: “Highlight intercepts from this release are from both the North and South Corridors and demonstrate the potential to expand the higher-grade resource as we tighten up the drill spacing across the deposit through our Phase 2 drill program.”
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