Month: June 2022

Magna Gold Announces AGM Results and Provides Corporate Update

2021 was an eventful and transformative year for Magna. When we started this company we were an exploration company with producer ambitions. In this past year we managed to achieve that goal. We completed the acquisition of our flagship San Francisco mine and managed to bring it back into steady state commercial production on schedule.

Great Panther Announces 2022 AGM Results

Great Panther Mining Limited, a growing gold and silver producer focused on the Americas, reports that all proposed resolutions were passed at its Annual General Meeting, held on June 29, 2022, via virtual webcast.

Tocvan Closes $5.125 Million Private Placement with Institutional Investor

“We are very pleased to align with a strategic investor to support us through our next phase of growth and guarantee we are funded to develop our projects for the next two years and beyond”, commented Brodie Sutherland, CEO. “We have a track record of performing exceptionally well with a limited budget; this agreement has us seeing the potential upside of continuing that performance whilst we advance our gold-silver assets in Mexico.”

Osisko Development Announces Mineral Resource Estimate for San Antonio Property, Sonora State, Mexico

Chris Lodder, President of Osisko Development commented, “The addition of this new resource further strengthens our portfolio for near term advancement and towards possible production. Osisko Development has made considerable progress at San Antonio in the past year with the construction of the leach pad, near term processing of the stockpile and completion of a drill program to generate this initial resource. The Company believes there is potential to add to the mineral resource through continued exploration and drilling on the property.”

GSilver to Acquire 100% of Great Panther’s Mexican Mining Assets

Ramon Davila, President and Director of GSilver said, “This acquisition will prove instantly accretive; the Topia Mine is currently producing and will immediately lift GSilver’s production profile. Within the Guanajuato mining district, the San Ignacio and Valenciana mines were put on care and maintenance less than eight months ago only due to a lack of available tailings facilities; GSilver plans to swiftly re-start production from these mines and process the mineralised material using the excess capacity at our nearby El Cubo production facilities.”

Capitan Mining Drills 1.5m of 488.9 g/t Silver Eq & 1.5m of 328.2 g/t Silver Eq within Wider Intervals & Provides Exploration Update for Jesus Maria

Capitan’s CEO, Alberto Orozco, stated: “Our understanding of the silver potential at the Cruz de Plata has grown greatly since our drilling started in the Jesus Maria vein last year. We have not only demonstrated the scale potential for that vein by expanding on the main mineralized plunges within it, but have also identified additional structures or veins that hold further potential.”

Prime Intercepts 6.1 gpt Au and 104 gpt Ag over 3.4 Metres in Step-Out Drilling at Tahonitas – Phase 2 Program Expanded

Chief Executive Officer, Daniel Kunz comments, “We are highly encouraged by the continuing high-grade intercepts of open pit and underground gold-silver mineralization being encountered in our first two formal drill campaigns at Los Reyes. Today’s results further support the significance of the Z-T Structure at the western end of Los Reyes, from Mariposa to Tahonitas, which is now delineated over a strike length of 3 kilometres, a vertical extent of 200 to 300 metres and average thickness of 5 to 30 metres.”

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