Oroco Resource Corp. is pleased to announce that, due to the private placement previously announced on October 9, 2018 being oversubscribed, it is increasing the Private Placement by an additional 750,000 units. The increased private placement will now comprise up to 3,750,000 units at a price of $0.20 per unit to raise gross proceeds of up to $750,000.
“2021 was a monumental year for Orla as we constructed and poured first gold at Camino Rojo, our first mine,” said Jason Simpson, President and Chief Executive Officer of Orla. “As we ramp up gold production and cash flow generation, we will be answering, ‘What is next for Orla?’ through advancement of our rich pipeline.”
Upon closing the Transaction, the Company now holds 6,105,438 Shares which represents 16.00% of Infinitum’s issued and outstanding Shares, as of the closing date of the Transaction, on both a non-diluted and partially-diluted basis.
“One of the most exciting aspects of Panuco is the tremendous growth potential remaining in the district,” commented Michael Konnert, President, and CEO. “Today’s results highlight this with a new high-grade discovery, Cruz Negra, which is associated with the Josephine Vein in the Napoleon Corridor.”
Altaley Mining Corporation announces that it intends to conduct a non-brokered private placement financing to raise gross proceeds of up to Cdn$5 million for working capital purposes related to the start-up of preproduction mining and milling operations at its 100% owned Tahuehueto Mine.
“Ongoing Brownfields exploration programs at San Jose, Lindero and Yaramoko will continue at pace in 2022 with 53,000 meters of drilling planned for the year aiming to grow the current resource base at these assets.”
“2021 was highlighted by many positive achievements for Avino, with our fourth quarter results showcasing the progress made in the restart of operations with meaningful earnings and free cash flow generation. It was a pivotal year in many respects as we restarted mining operations after an extended closure period, repaid our $10 million term facility to Samsung C&T UK, and announced the proposed acquisition of La Preciosa,” said David Wolfin, President and CEO.
“Our projects portfolio is the result of years of effort and invested intellectual capital. We have a track record of discoveries, and we feel the varied and exciting projects in our portfolio have the potential to add to that record.”
“Our expansive exploration program across the district has delivered excellent results ahead of resource development drilling along strike from the high-grade maiden resource at El Refugio. The vein system at La Soledad has been extended and we have intercepted veins further east of La Soledad and along strike at Los Pinos.”
Major growth projects at the Yauricocha Mine include the expansion of the tailings dam and sinking of the Yauricocha shaft. At the Bolivar mine, growth will be focused around the expansion of plant capacity and the integration tunnel which will link the mine to the mill, creating efficiencies and cost reduction by eliminating truck haulage of ore to the mill. Both projects are planned for completion by the end of Q4 2022.
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