Month: September 2023

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.”

Heliostar Drills 63m Grading 10.4 g/t Gold and 14.6m Grading 33.0 g/t Gold at the Ana Paula Project, Mexico

Heliostar CEO, Charles Funk, commented, “Ana Paula continues to outperform our expectations and is growing more quickly than we expected when we acquired the project. The current two holes are 26% and 225% higher than predicted in the resource model and, in total, twelve of the thirteen holes targeting the High Grade Panel delivered intercepts with better grades or widths than the existing resource model.”

Orex Minerals announces Share Consolidation

Orex Minerals Inc. today announced that, effective September 27, 2023, the Company will consolidate its issued and outstanding common shares at a ratio of ten pre-consolidation Shares to one post-consolidation share. The reasons for the Consolidation are to increase the Company’s flexibility and competitiveness in the marketplace and to attract new equity investment in the Company.

Colibri Appoints McGavney as President and CEO

The Board of Directors of Colibri Resource Corporation is pleased to announce the appointment of Ian McGavney as the President and Chief Executive Officer of the Company. The Company also wishes to announce the retirement of Ron Goguen Sr. from the position of President and CEO.

Bear Creek Mining Announces Results of Special Meeting of Shareholders

As more fully described in the Company’s Information Circular dated August 9, 2023, shareholders were asked to consider and, if thought fit, to pass an ordinary resolution to approve the: (i) issuance of a five-year convertible promissory note to defer a US$25 million current liability owed to Equinox Gold Corp.; and (ii) creation of Equinox Gold, and/or any affiliates of Equinox Gold, as a new “Control Person” of the Company.

Excellon Announces Debenture Restructuring

Shawn Howarth, President and CEO of Excellon, commented, “We are pleased to reach an agreement with Debentureholders. The restructuring announced today reduces debt with zero cash outlay and minimal equity dilution. We also thank Debentureholders, who have invested significant capital to support Excellon and continue to believe in the long-term potential of the Company.”

Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.

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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.