Tony Makuch, CEO, states: “Our recent Pre-Feasibility Study outlined the potential for Cordero to become a top three primary silver mine globally based on average annual production of 33 Moz AgEq over an 18-year mine life. Our follow up drilling since this study demonstrates there is further growth potential still to be realized within our upcoming Feasibility Study.”
Heliostar CEO Charles Funk commented, “This is another key milestone for shareholders of the Company as we complete our transformation to become a gold developer. The Company closed a C$20.4 Million financing on March 17th, resumes trading today and expects to complete the transaction before the end of March.”
Alexander Langer, Sierra Madre CEO, states “We are excited to be nearing the closing of this transformational acquisition of a fully permitted mine and mill and advance towards our goal of becoming a mid-tier precious metals producer. Upon closing of the Transaction, Sierra Madre will hold three exciting precious metal properties in Mexico – La Guitarra, Tepic and La Tigra.”
Colibri Resource Corporation provides additional details of terms to acquire the Plomo Gold Project and further background as a follow up to its release of March 16, 2023.
Bruce Smith, President and CEO, comments: “Tropico has every indication for the potential to make a great discovery. Located within sight of Fresnillo, the worlds largest epithermal silver deposit, within the same host rocks. Our team have located and secured a gold rich breccia pipe of significant scale, rimmed by sinter and yet to be drill tested.”
As of December 31, 2022, the San Jose Mine has Proven and Probable Mineral Reserves of 2.1 Mt containing 11.8 Moz Ag and 80 koz Au, in addition to Inferred Resources of 2.5 Mt containing a further 9.6 Moz Ag and 67 koz Au.
“The decision to temporarily suspend mining activities at Jerritt Canyon, which represented approximately 21% of the Company’s 2022 revenue, was driven by our goal to produce profitable ounces across the Company,” stated Keith Neumeyer, President and CEO.
Pursuant to the Share Repurchase, the Company has the ability to repurchase up to 5,000,000 common shares of the Company which represents approximately 1.83% of the 274,479,942 issued and outstanding shares of the Company as of March 10, 2023.
Aloro Mining Corp. is pleased to announce a non-brokered private placement financing of up to 10,000,000 units of the Company at a price of $0.05 per Unit for gross aggregate proceeds of up to $500,000.
“A key focus for this year’s ongoing, fully funded 90,000 metre drill campaign is to explore high-priority targets proximal to the main resource centres in the western portion of the Panuco District,” commented Michael Konnert, President and CEO.
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