Mithril CEO and Managing Director, John Skeet, commented: “Whilst the program of deep holes at El Refugio was technically challenging to complete, we have successfully confirmed the significant depth potential of the major El Refugio upwelling feeder structure.”
Sonoro Gold Corp. is pleased to announce that it has closed an oversubscribed, non-brokered private placement of 20,050,000 units at $0.15 per unit, for aggregate gross proceeds of $3,007,500.
Starcore International Mines Ltd. announces it has approved a non-brokered private placement for gross proceeds of up to $1,200,000. The private placement will consist of up to 6,000,000 units at a price of $0.20 per Unit.
Osisko Development Corp. announces that, as part of the Company’s annual compensation review, the Board of Directors has authorized the grant of an aggregate of 765,500 incentive stock options to officers of the Company. The Options have an exercise price of $6.49 per share, are exercisable for a period of five-years from the date of grant and will vest as follows: one-third on the date of grant, one-third on the first anniversary of the date of grant and one-third on the second anniversary of the date of grant.
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.
“We welcome Christine to the Board of Directors and look forward to benefitting from her experience and entrepreneurship” stated Darren Blasutti, President and CEO. “Christine brings a wealth of pragmatic, corporate governance expertise and is expected to immediately enhance the overall governance of the Company.”
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.
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.”
“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.”
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.”
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