Ryan McIntyre, President of Maverix, commented, “We are thrilled to see several of our royalty counterparties announce positive operational updates contributing to our impressive GEO sales this quarter, highlighted by the continued operating success at Camino Rojo as well as further encouraging drilling results at Beta Hunt and Eskay Creek.”
Kootenay Silver Inc. is pleased to announce that the Company has increased the size of its previously announced best efforts private placement (as detailed in the Company’s news releases dated October 18, 2022 and October 24, 2022) from $4,000,000 to $4,347,826 from the sale of up to 48,309,179 units of the Company at a price of $0.09 per Unit.
“Drilling along strike on the new Eagle concession continues to return exceptional results in both high grade and very wide widths. Today’s release of hole 35, along with hole 14 in our last release represent two of the best holes drilled in the Los Ricos district,” said Brad Langille, President and CEO.
“The San Antonio Project has completed stacking of 1.1 million tonnes of mineralized material on a heap leach pad with active leaching anticipated for the next 90 to 120 days. Management is currently evaluating its options for the project.”
“The five new drill holes extend a zone of mineralisation with silver and base metal grades considerably higher than the average grade in the mineral resource estimate for the Skarn deposit disclosed on September 14, 2022,” said Christopher Emerson, Pan American’s Vice President Business Development and Geology.
“The resource estimate is being updated now in connection with our on-going work to secure project financing,” said Sonoro’s President and CEO, Kenneth MacLeod. “We continue to successfully proceed through the environmental permitting phase to facilitate our primary strategy of launching Cerro Caliche into production.”
Xali Gold Corp. is pleased to announce that it has increased its ownership in the SDA Plant in Western Mexico to 50% by issuing shares to Magellan Acquisition Corp.. In addition, the Company has started to receive advance Net Profits Interest payments from Sun River Gold for the El Oro Tailings Project in Mexico.
“Newmont delivered solid third quarter production of 1.5 million gold ounces as we build momentum for strong production in the fourth quarter. Newmont remains well-positioned to respond to the challenging market environment that our industry faces today.”
“We are using a geoscientific exploration approach that is continually working on the property. We have identified a number of very large geophysical anomalies (Figure 1) that tie in with large silica alternations that our initial drilling and geochemical sampling work show are coinciding with high-grade gold, silver and copper mineralization.”
Allen Palmiere, President and CEO said “The implementation of safety programs has been our top priority in 2021 and 2022 to address ground support and ventilation issues. The disciplined approach had an impact on production volumes, mine development and exploration. With that said, we are still on track to meet our 2022 guidance.”
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