Sierra Metals Inc. announced today that a special committee comprised of its independent directors has initiated a process to evaluate and consider the Company’s current financial and liquidity position, operational challenges and possible financing and restructuring alternatives that may be available to the Company.
“We see the addition of the Eagle concession as a clear path to greatly increasing the value of our Los Ricos South project, as it is the same structure extending from our previously drilled Main zone onto the Eagle. As part of our due diligence we completed mapping, geophysics and drilling that strongly linked the geophysical anomaly to the high grade intercepts.”
Capstone Copper Corp. announced that today there was a security incident near its Cozamin mine in Zacatecas, Mexico. An employee was shot and fatally wounded on the main access road between the city of Zacatecas and the mine.
Pantera Silver Corp. announces a non-brokered private placement of up to 3,400,000 Units at a price of $0.15 CAD per unit for gross proceeds of up to $510,000.00 CAD.
Wayne Corso, Santacruz’s COO stated, “During the third quarter we saw strong performance from the Zimapan and Bolivar mines, as well as our San Lucas trading Company. The Zimapan mine has continued to increase total ore production while maintaining head grade, whilst at our Bolivian operations, the Bolivar mine impacted total silver production with significantly increased production from lower levels of the high grade Pomabamba and Bolivar Norte veins.”
GR Silver Mining Chairman and CEO, Eric Zaunscherb commented, “With each new drill hole, the Company’s understanding of the controls on mineralization in the new SE Area, as well as its size and geometry, increase. The systematic approach capturing geochemical, geophysical, and geological data at surface, is informing shallow drilling (e.g., hole SMSP22-023), which, in turn, guides us at depth (e.g., SMS22-16).”
Payable gold production: 2,972 oz Au; Payable silver production: 11,907 oz Ag; Payable gold equivalent production: 3,103 AuEq oz; Average gold grade: 2.6 g/t Au.
Consolidated Zinc Limited is pleased to announce Industrias Penoles S.A. de C.V. has exercised its option to purchase 100% of the zinc concentrates produced by Minera Latin American Zinc SAPI de CV at Plomosas, for the period 1 January 2023 to 31 December 2023.
Thomas A. Doyle, President and CEO stated “This extension will give Alamos the time to understand the very complex geology of the Los Venados Project. I remain confident that Alamos, with their geological knowledge and infrastructure in the area, is best suited to further the exploration on the Los Venados Project.”
Barksdale Resources Corp. has finalized the extension of the maturity date of the secured convertible debentures administered by Delbrook Capital Advisors Inc. (see new release dated September 6, 2022) by one year until December 31, 2023.
Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.
Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
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