Month: June 2024

Silver Wolf Announces Completion of Shares For Debt Settlements

“It’s a privilege and a strategic advantage to have such supportive shareholders,” said Peter Latta, President of Silver Wolf Exploration. “This transaction enables us to be extremely efficient with the recent capital raise ensuring that we maximize the resources put into the ground at Ana Maria, giving us the best opportunity for making a mineral discovery.”

Argonaut Gold Shareholders Overwhelmingly Approve Arrangement with Alamos Gold

Argonaut Gold Inc. is pleased to announce that the shareholders of the Company have approved a special resolution authorizing a plan of arrangement under section 182 of the Business Corporations Act (Ontario) previously announced on March 27, 2024, pursuant to which Alamos Gold Inc. will acquire all of the issued and outstanding common shares of Argonaut at the annual general and special meeting of Shareholders held earlier today.

GR Silver Mining Revisits Marlin Gold Disposition, Enhancing Financial Position

CEO and Chair of GR Silver Mining, Eric Zaunscherb, commented, “It is our priority to increase the value of our Plomosas Project on behalf of our shareholders. This Agreement with PrivateCo will allow us to focus on our bulk sampling test mining program as well as position the Company to resume resource drilling in the San Marcial area and advance technical studies.”

Sierra Metals Commences Trading Activity on the Lima Stock Exchange

Mr. Ernesto Balarezo, CEO of Sierra Metals, comments, “We are pleased to list our common shares on the Lima Stock Exchange allowing Sierra Metals to increase its investor exposure and liquidity potential by accessing the Nuam Exchange that is an agreement among the Chilean, Colombian, and Peruvian markets; allowing investment funds, institutions, and retail investors to participate in the Company’s growth.”

Torex Gold Reports Positive Results from the 2024 ELG Underground Drilling Program

“Building off the success of the 2023 drilling program, which resulted in a two-year mine life extension, drilling at ELG Underground continues to deliver results that bolster our ability to continue to replace mined reserves. This, combined with the potential for EPO to come into the mine plan, supports our strategy of maintaining annual gold equivalent production above 450,000 ounces through 2033.”

Barksdale Closes First Tranche of Private Placement Financing

Barksdale Resources Corp. announces that further to its news releases of June 5, 2024, and June 11, 2024, regarding its non-brokered private placement financing of up to 37,500,000 units at a price of $0.15 per Unit for gross proceeds to the Company of up to $5,625,000, it has closed the first tranche of the Offering. Under the First Tranche, the Company has issued 27,325,317 Units for gross proceeds of $4,098,798.

Almadex Announces Corporate Update

Almadex Minerals Ltd. is pleased to provide an update on its involvement in the international arbitration proceedings against the United Mexican States under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership discussed in our press releases of December 14, 2023, March 14, 2024, and June 17, 2024.

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.