Canasil Resources Inc. announces the termination of the Exclusivity Period provided for in the Exclusivity Agreement with Silver Dollar Resources Inc. previously announced on April 20, 2023, due to general market conditions. The Exclusivity Period provided Silver Dollar the opportunity to review Canasil’s assets and consider a corporate merger.
The purpose of the Exclusivity Agreement was to give Silver Dollar the opportunity to review Canasil’s assets and consider a corporate merger. Termination of the exclusivity period does not affect the separate Option Agreement between the parties, whereby Silver Dollar can earn a 100% interest in Canasil’s Nora silver-gold property.
Golden Minerals Company today announced that on June 6, 2023, the Company was notified by the NYSE American LLC that it was not in compliance with one of NYSE American’s continued listing standards as set forth in Part 10 of the NYSE American Company Guide.
Heliostar CEO, Charles Funk, commented, “The key to our vision for Ana Paula’s future is to define high-grade, underground-minable gold mineralization. The current drill program’s exceptional intercepts reinforce this view. The results from hole AP-23-293 illustrate the potential with a 139% increase in grade relative to the current resource model, at a >5 g/t cut-off grade.”
Golden Minerals Company today announced that on June 6, 2023, the Company was notified by the NYSE American LLC that it was not in compliance with one of NYSE American’s continued listing standards as set forth in Part 10 of the NYSE American Company Guide.
Newmont Corporation announced today it has suspended operations at the Company’s Peñasquito mine in Mexico while refuting claims by the National Union of Mine and Metal Workers of the Mexican Republic regarding violating legal regulations and labor agreements. The Company urged the Union to abide by the mutually agreed Collective Bargaining Agreement negotiated and signed by both parties in June of 2022.
The Company welcomes Dr. Neil O’Brien and Mr. Phil Brumit Sr. as Independent Directors.
Chris Wright, Chairman & CEO, stated: “We are extremely encouraged by the continued success of our drilling campaigns at the San Acacio project. As a result of diligent targeting and modeling work, leading to multiple successful phases of drilling, our technical team has been able to further demonstrate the continued potential to outline a large mineral system within the historical San Acacio mine area on the Veta Grande vein system.”
Simon Ridgway, Executive Chairman, comments: “I have recently had the pleasure to tour Tropico property with CEO Bruce Smith and our geological team, and I am impressed by the target and excited to start drilling. I am struck by the similarity to the Cerro Blanco project (Bluestone Resources hotspring sinter project with M&I resources of 3.1 Moz (M&I) @1.5 g/t Au*) which the Goldgroup team were fortunate to discover earlier in my career.”
Chesapeake Gold Corp. is pleased to announce that at the 2023 Annual General Meeting held on June 6, 2023 in Vancouver, British Columbia, Chesapeake’s shareholders voted in favour of all items of business. All director nominees were elected.
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