Month: August 2023

Sonoro Gold Announces Closing of Final Tranche of Non-Brokered Private Placement

Sonoro Gold Corp. is pleased to announce that it has closed the final tranche of its previously announced non-brokered private placement for additional gross proceeds of C$259,208. Together with the first and second tranches of the Offering, the Company issued 22,600,000 units at a price of C$0.10 per Unit, for gross proceeds of C$2,260,000.

Mammoth Provides Update on Exploration Activities at its Tenoriba Gold-Silver Property, Mexico

Thomas Atkins, President and CEO of Mammoth commented on the various activities being advanced by the Company, stating: ” Several months have passed since our last press release. I appreciate the patience and understanding of many of our shareholders during these challenging times in the resource sector. Although Mammoth has not announced exploration results these past months, the team remains busy advancing several cost-efficient initiatives which enhance our confidence in the economic potential of Tenoriba.”

Endeavour Silver Closes Sale of Cozamin Royalty to Gold Royalty Corp

Endeavour Silver Corp. is pleased to announce that its wholly-owned subsidiary, Minera Plata Adelante SA de CV has closed the royalty sale with Gold Royalty Corp. As previously announced on July 31, 2023, MPA agreed to sell its interest in the 1% Cozamin royalty for total consideration of US$7,500,000, payable in cash.

Regency Silver to present at Beaver Creek Summit Announces Private Placement of up to CAD$1.5 Million at $0.20 per Unit

Executive Chairman Bruce Bragagnolo stated “We are excited to showcase Regency and our new high grade gold-copper-silver discovery at our wholly owned Dios Padre Project in Sonora, Mexico. Drill results to date include REG-22-01 which intersects 35.8 metres of 6.84 g/t gold, 0.88% copper and 21.82 g/t silver along with 13.97 g/t Au, 50.25 g/t Ag and 1.11 % Cu over 9.8 m as well as REG-23-14 which intersects 35.9m of 5.51 g/t Au including 29.4m of 6.32 g/t Au. Indications are that Dios Padre is a large, long lived magmatic-hydrothermal Au-Cu-Ag system with multiple overprinting events.”

Underground Drilling at Bear Creek’s Mercedes Mine Returns High Grade Gold Intercepts

Andrew Swarthout, Director and Qualified Person, states, “Our 2023 drilling program at Mercedes has to date concentrated on improving operations and production in the current workings. We are very excited by the results of this underground drilling program, which have returned intercepts with gold grades substantially higher – in some cases up to 30 times higher – than the currently defined resources of the deposits in which they occur.”

Bear Creek Mining Reports Q2 2023 Financial and Operating Results

Eric Caba, President & CEO, states, “During Q2 2023 the Company felt the brunt of development work delays, operating performance challenges, inflationary pressures, and foreign exchange factors that transpired during the first quarter. I want to stress that we are actively working to address and mitigate these factors to improve the Mercedes operation and the Company’s financial strength.”

Aztec Minerals Increases Private Placement and Closes First Tranche

Aztec Minerals Corp. announces that, further to its news release dated August 8, 2023, the Company has closed the first tranche of its non-brokered private placement consisting of 4,051,450 units at a price of CAD$0.225 per Unit for gross proceeds of CAD$911,576.

EnviroGold Global and Luca Mining Announce MOU to Reprocess Historical Tailings at Campo Morado

Mr. Mike Struthers (CEO of Luca) commented, “We’re excited to work with EnviroGold on this project, building on the initial test work in 2021. The encouraging results from those initial tests, plus the very real potential to also recover base metals from the tailings, could generate significant value from this old tailings facility. More importantly, if the initial project is successful, the potential to add this metals recovery stream to the existing plant could add considerable future value to Campo Morado.”

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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.