Day: May 25, 2023

Mithril Resources Enters into a Scheme of Arrangement with TSXV Listed Newrange Gold

“The Scheme announced today is an important step in the process to place Mithril’s high-grade Copalquin gold-silver property in a market where there is considerable experience and understanding of the globally significant Mexican minerals industry. The new Americas focussed exploration and development company resulting from the merger with TSXV listed Newrange creates highly experienced and focussed Board and management who are well positioned to take advantage of the considerable growth opportunities at the Copalquin mining district and the two Canadian Red Lake District properties.”

Newmont Publishes 2022 Climate Report

“Climate change is one of the greatest global challenges of our time and its impact on our earth and our business is undeniable,” said Newmont President and CEO Tom Palmer. “We believe that industries that create value — like mining — have a responsibility to drive bold actions and innovation to facilitate the transition to a low-carbon economy.”

GR Silver Expands SE Area Discovery Zone With New Bonanza-grade Silver Interval Outside Resource Area

Chair and CEO Eric Zaunscherb commented, “The conversion of surface silver geochemical anomalies, related to the mapped target contact zone, into confirmed bonanza-grade drill intersections is a testament to the efficacy of the Company’s geological model. Our confidence in the prospectivity of the southeast extension of the target contact zone grows, as does our excitement at the potential of new drill targets being generated to the south through detailed mapping, geochemical and channel sampling.”

Kootenay Silver Announces Closing of $3.7 Million Private Placement

Kootenay Silver Inc. announces that it has closed its previously announced brokered private placement offering of units of the Company for gross proceeds of approximately $2.1 million with a non-brokered portion for gross proceeds of approximately $1.6 million, at a price of $0.10 per Unit for aggregate gross proceeds of $3,772,500.

Orogen Royalties Announces Profitable Q1-2023 Financial Results

Paddy Nicol, CEO of Orogen, commented: “Orogen’s first quarter financial results in 2023 represent the Company’s fifth consecutive quarter of profitability. During the period, royalty revenue from our 2% NSR royalty on the Ermitaño mine increased by 78% compared to the same period in 2022.”

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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.