The Company intends to use the net proceeds from the Offering to advance the Company’s Alaskan and Mexican projects, as well as for working capital and general corporate purposes.
Pete Dougherty, President and CEO stated: “It was our second consecutive quarter of record quarterly production and revenue. We demonstrated strong cash flow during the first quarter, which underpins our strategy to harvest cash from the existing operations, replace depleted ounces and invest in our growth asset portfolio to transform Argonaut from a high-cost, junior producer with short mine lives to a lower cost intermediate producer with long mine lives.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “I’ve had the privilege of working with Gennen over the past couple of decades and consider him a mentor not only in geophysics, but also in the exploration business.”
Brigadier continues to expand known mineralization at Picachos with high-grade diamond drill and sampling results from phase one exploration.
Great Panther Mining Limited, a diversified gold and silver producer focused on the Americas, announces the nomination of two new directors for election to its Board of Directors at its upcoming Annual General Meeting of shareholders on June 9, 2021: Trudy M. Curran, BA, LLB, ICD.D, and Dana Williams, B. Eng., MBA, CPA.
“Indicated resources for gold and silver have increased by a respective 7.7% and 6.6%, and inferred resources for gold and silver have increased significantly by respective 41% and 58%,” commented Orogen CEO Paddy Nicol.
“Ultimately, we anticipate that Porvenir Cuatro, El Curso and Milache will all connect to form one continuous orebody over a 1,500 m length by 400 m vertical extent. This would make it comparable to the original Porvenir Norte orebody which supported production at Guanacevi for over 14 years. The future is looking bright for Guanacevi.”
Mithril CEO and Managing Director, John Skeet, commented: “These are excellent intercepts to have received for holes drilled in this part of the Refugio target. They show continuing high-grade gold and silver, multiple vein intercepts and increasing widths. Drill holes up to 180m west have also been completed and we are currently drilling deep, vertical holes intercepting the structures further down dip.”
Silver Viper’s President and CEO Steve Cope states, “We are extremely pleased to achieve this milestone for the project, it is a validation of our persistence over the last three years and represents a huge step toward our goal of defining a new gold-silver camp in an underexplored region of Mexico. The drill is currently testing extensions of the El Rubi mineralized zone and our field crews continue to advance early-stage targets in preparation for drill testing later in the year.”
GR Silver Mining President and CEO, Marcio Fonseca commented, “We are very pleased to report additional results from the Company’s 2021 drilling of the San Juan Area, which in combination with historical drill results, significantly extend shallow high-grade silver vein structures.”
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