Orex’s President & CEO, Ben Whiting, P.Geo., said; “This is a time of opportunities in the Mexican Mining Industry. As such, we are looking at under-explored prospects in the major mineral belts. The Valenciana Mining District fits that description, and this is an excellent opportunity to restart exploration at Valenciana.”
oro Gold Corp. announces it has revised the pricing of its previously announced non-brokered private placement offering. The offering will now consist of up to 20,000,000 units at a price of C$0.05 per Unit, for gross proceeds of up to C$1,000,000.
“We are very pleased with the La Joya target development work and particularly the stellar sampling results that have now delineated the Central Dyke Zone over a strike length of 770 metres,” said Michael Romanik, president of Silver Dollar. “Notably, sample 161 from the Hueco Grande working returned our highest grade to date on the Property at 152.07 ounces per tonne silver equivalent.”
“Ongoing drilling continues to demonstrate mineralized continuity at La Luisa,” commented Michael Konnert, President and CEO. “La Luisa is the newest structure to be included in the Panuco Project resource base and hosts some of the highest gold grades discovered to date in the district. Given it is situated within the same vein corridor as the three-kilometer-long Napoleon, we continue to test the extents of La Luisa mineralization, which has only been traced for a kilometer and a half and remains open in all directions beyond the January 2024 resource boundary.”
James Anderson, Chairman and CEO, said, “The processing of 3rd party mineralized material is already having a substantial impact on total production output; furthermore, El Horcon is generating consistent results and was responsible for over 3% of total AgEq production for the month. These two sources of mineralized material represent a significant component of total production and have contributed to generate our highest volume of silver-equivalent production since May 2023.”
“In 2023, we delivered on several important goals starting with a successful drill program which focused on the area below Level 17, the current deepest workings at the Elena Tolosa area of the Avino system”, said David Wolfin, President and CEO. “The program followed the continuity of the steeply dipping mineralization and is a step forward in understanding the deep source of the mineralization. In addition, we were ecstatic to report the best drill intercept in Company history.”
Jean-Paul Tsotsos, Interim CEO, commented, “The Lucy discovery continues to shine as an exciting project in Chesapeake’s portfolio. These preliminary Lucy metallurgical results outline a simple, conventional processing pathway to gold doré. The next phase of exploration and drilling has commenced on Lucy to better evaluate the footprint and scale of this new discovery.”
Vizsla Silver Corp. is pleased to announce that, further to its news release dated January 17, 2024, it intends to enter into an arrangement agreement with its wholly-owned subsidiary Vizsla Royalties Corp. within 45 days of this news release in respect of the spinout of the shares of Spinco to the Company’s shareholders.
“GR Silver Mining is grateful for the ongoing support of its shareholders. Management has been working very hard through very challenging markets to execute several strategic initiatives, which it hopes will bear fruit in the near-term,” commented CEO and Chair Eric Zaunscherb.
“Although the assay discrepancies from the Candy vein drill core are puzzling, the Nora property has other priority exploration targets that we intend to follow up on while we take a closer look at the Candy vein structure,” said Michael Romanik, president of Silver Dollar.
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