“The results of the Q4 2022 drilling are very promising and have confirmed the ongoing 2023 drill program is on the right track to potentially deliver higher grade resources into the near- and mid-term mine plan,” stated Allen Palmier, President and CEO for the Corporation.
“Further geological interpretation and drilling of five advanced generative areas, highlighted today, along with our extensive remote-sensing and field mapping across Los Reyes, are expected to define new mineralized trends conducive to additional gold-silver deposit discoveries.”
“As part of the Company’s effort to focus on prioritizing core assets, we have sold and optioned two non-core Mexican assets and revised mine plans of our three operating mines in Mexico to focus on free cash flow generation. As a result, we suspended mining activities at our El Castillo mine at the end of last year and we expect mining activities at San Agustin and La Colorada will temporarily pause by the end of this year, until land access and permits are received to complete mining of the remaining reserves and resources,” stated Marc Leduc, Chief Operating Officer.
Angel Wing Metals Inc. announces that pursuant to Company’s stock option plan, 500,000 stock options at an exercise price of $0.15 were granted to the certain directors of the Company.
Jody Kuzenko, President & CEO of Torex, stated: “Operational consistency and disciplined cost control resulted in another strong year across all measures for Torex. Record gold production of 474,035 ounces was driven by record mill throughput and record underground mining rates. Our steadfast focus on controlling costs resulted in an impressive all-in sustaining costs margin of 44% for the year, with cost guidance achieved despite persistent inflationary pressures.”
Eric Caba, President and Chief Operating Officer of Bear Creek Mining comments, “We are pleased with the progress at Mercedes. Turning around an operation requires dedication and focus by the entire management team. Improvements in mine production, dilution control and maintenance are being realized and approaching targeted levels; thereby creating confidence that we will realize the potential of Mercedes.”
An aggregate of 58,100,000 Shares at a price of C$0.31 per Share for gross proceeds to the Company of approximately C$18 million were sold.
Solaris Resources Inc. announces the appointment of Ms. Poonam Puri as an independent Director of the Company, replacing Mr. Greg Smith who has stepped down to focus on external roles, effective immediately.
Sandeep Singh, President and CEO of Osisko commented: “As discussed in our Q4 2022 preliminary results release, Osisko had an exceptional year in 2022. We had successive quarters of record GEO deliveries, revenues and cash margins, we were active on several high-quality transactions, and returned capital to shareholders via dividends and share buy-backs. We continue to benefit from a sustained period of organic growth and we have simplified the business positioning Osisko to unlock significant value in 2023 for shareholders.”
“Early surface exploration results received thus far demonstrate the presence of high-grade gold and silver mineralization in structural trends over more than forty square kilometres (40 km2). We look forward to initiating a maiden drill program on the properties, with the aim of making new discoveries in the region.”
Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.
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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