GR Silver Mining Ltd. announces that it proposes to undertake a non-brokered private placement of units at a purchase price of $0.10 per Unit, to raise total gross proceeds of up to $3 million.
Thomas A. Doyle, President, CEO, stated “The acquisition of Quitovac gives Aloro a strong exploration presence in the Mojave-Sonora Megashear. I look forward to the news flow from this area as well as updates coming from Los Venados as Alamos Gold continues their exploration as part of their US$5,000,000 Option Agreement.”
“We are pleased with the results from the Santana gold project during our first year of operations in 2022. Despite the difficulties that presented themselves during the year, both capital and operating costs continue to meet our expectations and provide a sound basis to inform the Company’s plans for the development of the upcoming Cerro de Oro project,” stated Darren Koningen, CEO.
N. Eric Fier, CPG, P.Eng, and CEO, stated, “We are very pleased with our progress at Las Chispas. Within five months of our first metal pour we declared commercial production, refinanced our previous project financing facility, which we did not fully draw, and reduced our total debt outstanding from $90 million to $50 million. As we begin 2023, our focus is on generating revenue and using established cost controls to maximize free cash flow and pursue growth opportunities.”
Excellon Resources Inc. is pleased to announce that effective January 31, 2023, the Company’s common shares will commence trading on the OTCQB Venture Market in the United States, under the symbol “EXNRF”.
“The 2022 infill drilling of the sulphide extension of the Camino Rojo deposit has consistently generated exceptional gold intersections enhancing future development opportunity scenarios and potential to grow the resource at depth”, stated Sylvain Guerard, Orla’s Senior Vice President, Exploration.
Tamino Minerals is pleased to announce that we have retained a new consultant to the Company. The Company is planning to increase its land positions and is currently looking into several projects that will require additional work.
Bruce Smith, President & CEO, states: “We are very pleased with the recent progress at Plata Verde. Initial test work highlights the exceptional metallurgical properties at Plata Verde with cyanide leach recoveries averaging 93% for silver and in combination with flotation achieving 97% silver recovery. Geological mapping, sampling, and road construction are on-going in preparation for a drilling program.”
Mike Struthers, CEO, commented: “We expect 2023 to be a strong year for Altaley, turning the corner on performance at both sites and achieving some critical milestones at Tahuehueto.”
Tocvan Ventures Corp. is pleased to announce it will shortly be closing a non-brokered private placement of up to 625,000 units at CAD $0.52 per Unit for gross proceeds of up to CAD $325,000.
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