“We have steadily built our cash back to $5 million with a strong working capital position,” reported Robert Eadie, CEO and President of the Company. “We are now deploying this cash to further acquire and explore new properties as well as expand exploration at the San Martin mine.”
CEO Fred Davidson stated “With cashflow positive at operations and a healthy treasury we are focusing on following up on the many qualified and highly prospective targets within our GIS database on our large 211 square kilometer land package.”
“We see potential for a new chapter at the La Colorada mine which, based on the grades and widths of the veins encountered to date, could include another underground mine. We are currently planning our phase three program, and it will include modeling, mine planning and analysis of best processing methods.”
Silver Spruce Resources Inc. announced today that the Board of Directors has appointed Kevin Thieneman as Chairman of the Board of Directors effective September 10, 2021.
Mexus Gold US announced that it has completed the first sale of substantial gold from production at its Santa Elena mine located in Caborca, MX.
Galore Resources Inc. is pleased to announce the Company has set the date for its Annual and Special General Meeting for Tuesday, November 16, 2021 at 10:30am Pacific Standard Time.
Radius Gold Inc. is pleased to report further high-grade results from step out drilling from the La Peña vein, at Holly project in Guatemala. The drill program is being conducted by joint venture partner Volcanic Gold Mines Inc, who can earn into 60% of the project by funding $7 million in exploration.
The proceeds from the private placement will be used for exploration of the Company’s mineral projects and general working capital.
“We are very pleased with the IP survey execution and results and are especially encouraged by the coincidence of gold-in-outcrop, chargeability, and resistivity at our 2 primary target areas: Cerro Rojo and El Sahuaro. We have completed a preliminary drill plan based on data compilation and interpretation to date that includes the IP survey and are continuing to develop our exploration model and drill plan with on-going interpretation and field work.” commented Ian McGavney, COO for Colibri.
N. Eric Fier, CPG, P.Eng, and CEO, remarked, “SilverCrest’s strategy for its infill drilling program is to efficiently use our capital to optimize the LOM through increasing confidence in high-grade Inferred Resource veins proximal to planned underground infrastructure. The infill program has confirmed the presence and continuity of multi-kilogram per tonne silver equivalent grades within the footprints that helped define the veins in the 2021 Feasibility Study.”
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