Month: September 2023

Azucar Reports Notification of Lawsuit on El Cobre Concessions, Mexico

Azucar Minerals Ltd. reports that, further to its press release of June 2, 2023, it has received notification from the First District Court of Veracruz that its Mexican subsidiary, Minera Alondra has been named in a lawsuit relating to twenty-four mineral concessions in Veracruz, Mexico, some of which are held by Alondra.

Bear Creek Mining Restructures Sandstorm Obligations to Improve Near Term Cash Flow

Eric Caba, President and CEO of Bear Creek, states, “The Restructuring Agreement is a major milestone for Bear Creek. Together with our recent agreement with Equinox Gold to refinance the Mercedes Deferred Payment, we have removed all near-term debt maturities through September 2028. This greatly improves Mercedes’ ability to re-invest in the long-term success of the mine via the exploration potential that we see at Mercedes and return our focus to the advancement of the Company’s Corani project in Peru, our cornerstone asset.

Kootenay Silver Completes First Four Drill Holes at Columba High Grade Silver Project and Awaits Assays

Kootenay’s President & CEO, James McDonald states, “We are very pleased with the progress so far. I am encouraged to see the strongly mineralized D-Vein encountered as expected in these holes and significantly wide halos of stockwork mineralization that adds to the potential to increase known mineralization more quickly along this structure. We are awaiting assay results and will report on them when received and compiled.”

Southern Silver Provides Corporate Update

The following officers were reappointed subsequent to the annual general meeting: Lawrence Page, K.C. as President, Robert Macdonald as Vice President, Exploration, Killian Ruby as Chief Financial Officer, and Arie Page as Corporate Secretary.

Guanajuato Silver Provides New Mineral Resource Estimate for the San Ignacio Mine

James Anderson, Chairman and CEO, said, “The significant increase in the San Ignacio mineral resource across all categories can be attributed to the exceptional work on the part of our Mexican exploration teams; their efforts over the past year have expanded our understanding of the mineralized systems in place at San Ignacio while returning consistently high-grade results, some of which are highlighted below, that have led to an increase of 130% in the measured & indicated category and 283% in the inferred category.”

Aztec Minerals Closes Final Tranche of Oversubscribed $1.55 million Private Placement

Simon Dyakowski, Aztec Minerals President & CEO stated, “We are pleased to complete this financing and are grateful for the ongoing support of our existing shareholders and several new shareholders. Notably, Aztec’s largest shareholder, Alamos Gold Inc. (TSX: AGI, NYSE: AGI) subscribed for 625,000 Units of the financing, thereby maintaining their equity ownership of approximately 8.8% on an undiluted basis.”

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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.