Benjamin Hill Mining President Greg Bronson stated: “The El Fierro area hosts several prospective mineralized veins that have returned encouraging copper and gold assays from near surface intervals. Additionally, good gold assays at depth confirm a metals enriched hydrothermal system that merits further investigation”.
Goldgroup Mining Inc. is pleased to announce that the Company has increased its previously announced private placement financing (see news release dated April 19, 2022) from 18,000,000 units of the Company to 19,542,857 Units at a price of $0.035 per Unit for aggregate gross proceeds of up to approximately $684,000.
It should be noted that the analysis of the company’s deposits show that the composition of the mineralization is approximately equal parts lithium and potassium. While lithium is covered by this new legislation in Mexico, potassium is not.
“The Napoleon southern extension continues to be the primary target for near-term resource growth within the Napoleon Vein Corridor,” commented Michael Konnert, President and CEO.
Magna Gold Corp. is pleased to announce that, further to its news release dated April 21, 2022, it has filed an independent technical report entitled “NI 43-101 Technical Report Initial Mineral Resource Estimate for the Margarita Silver Project Chihuahua, Mexico” and dated May 24, 2022, with an effective date of April 8, 2022.
Chief Executive Officer, Daniel Kunz commented, “The high-grade drill results reported today will continue to expand the resource potential at Guadalupe East considerably. We are encouraged by multiple intercepts of high-grade gold-silver mineralization being encountered in individual drill holes on the west end of this area.”
“Pan American has always been committed to sustainable corporate practices and social responsibility,” said Michael Steinmann, President and CEO. “Implementing standards, such as the VPs on Security and Human Rights, provides assurance to our stakeholders that our practices are aligned with global best practices.”
Carlos Silva, CEO of Santacruz, stated; “During this first quarter we started to see the contribution of our recently acquired Bolivian assets with record revenue and profits. At our Mexican operations we expect increased production from new stopes and less lower grade mineralized material from development work. this should reduce our AISC at Zimapan beginning in the third quarter.”
Taj Singh, President & CEO, states: “We are very pleased with the excellent progress we have made on our PFS and to be working with the same industry-leading project team that completed our Preliminary Economic Assessment (PEA). Initial results from the PFS metallurgical testwork program highlight the exceptional metallurgical performance at Cordero with recoveries typically ranging from 90-95% for Ag, Pb and Zn from the tests completed so far.”
The Company intends to use the net proceeds from the Offering for exploration of its three district-scale silver assets, Guigui, Batopilas and Medicine Springs and for general corporate and working capital purposes.
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