Canasil Resources Inc. announces a non-brokered private placement of up to 10,000,000 units at a price of $0.055 per Unit for total gross proceeds of up to $550,000.
Richard Lock, CEO, commented: “We continue to systematically define and expand the deposit at Santo Tomas. Work focuses on providing a mineral resource to support the upcoming PEA, which is planned for completion in Q1, 2023. To ensure these timelines are met, a fourth drill has been mobilized.”
“Month over month improvements in precious metals production, recoveries, and tonnes milled during Q2 were the hallmarks of a positive trend that we see continuing through the remainder of the year as we complete the ramp-up phase at El Cubo,” said James Anderson, Chairman and CEO of Guanajuato Silver.
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