We continue investing aggressively in our assets as we build what we feel is Mexico’s fastest growing silver mining company. Operating results for Q1 continue to demonstrate growth and are aligned with our expectations for this phase of the ramp-up; I commend our 100% Mexican operations team for their technical excellence as we optimize production at all four of our producing silver mines.”
“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.”
Silver Dollar Resources Inc. is pleased to announce that, further to its news release of April 11, 2023, it has completed the exercise of its option and now owns a 100% interest in its La Joya silver-copper-gold property.
“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.”
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 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.
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.”
“I’m very pleased with our progress towards this important goal of achieving 500 tpd at Tahuehueto” said Mike Struthers, CEO. “Our team, and our contractors and consultants, are all performing very well. And while our focus is firmly on achieving the 500 tpd goal, we are also in parallel taking some key steps towards our ultimate goal of 1,000 tpd by the end of the year. We have located an alternative second mill in Mexico with a larger capacity of 750 tpd, which will provide a valuable buffer for sustaining 1,000 tpd production.”
ALORO MINING CORP. announces that the TSX Venture Exchange has granted a thirty day extension to the Company for completion of its non-brokered private placement previously announced in its News Releases of March 20, 2023 and May 9, 2023.
“Historic drilling has demonstrated that the mineralised body at Cerro Grande has significant vertical extent. The current drill program has the potential to extend the north south strike to over 500 metres while drilling on the western flank could demonstrate mineralisation 700m away from the 2022 high grade drill holes. We want to show that it’s high grade and large” stated Matt Hudson, CEO of Infinitum Copper.
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