Reyna Silver Corp. is pleased to announce a first closing of its previously announced private placement offering of units. In aggregate, the Company issued 14,889,999 Units in the first closing for aggregate gross proceeds of CAD$1,116,749.93.
Oroco Resource Corp. announces that it has amended the terms of a non-brokered private placement which was announced on January 27, 2025 to that of up to 6,000,000 units of the Company at a price of C$0.25 per Unit for gross proceeds of up to C$1,500,000.
Capitan Silver Corp. increased its non-brokered private placement to up to C$5.3 million, issuing up to 13.25 million units at C$0.40 each (one share + one warrant at C$0.50 for 12 months, with acceleration). Proceeds for Cruz de Plata project exploration, consolidation, and working capital.
Paddy Nicol, Orogen’s CEO, commented, “Since the discovery of Navidad in July 2024, multiple drill rigs have been busy exploring the vein system and it is exciting to see continued success. Not only did drilling in the second half of 2024 expand Navidad, the zone of high-grade gold and silver mineralisation is also substantially closer to the underground workings at the Ermitaño mine complex.”
Riverside Resources and Fortuna Mining reported progress at the Cecilia Gold Project in Sonora after completing a five-hole, 2,250 m Q4 2024 drill program that hit gold mineralization in all target areas and showed broad epithermal alteration. The results helped refine district-scale targets, and Phase 2 exploration has now begun to follow up on these encouraging indicators.
Akiba Leisman, CEO of Mako states “these drilling and channel sample results were taken as part of a geotechnical drilling program to finalize engineering parameters and site infrastructure layout selection in preparation for submitting our environmental permit application later this year. The grades and widths received from this program are matching or exceeding those defined in the resource model from the 2024 PEA, which showed an after-tax NPV 5% of US$ 292 million at US$1,850 gold.”
Dan Barnholden, CEO, commented, “I am very pleased to see that our careful planning is allowing us to meet these important throughput objectives. Steady and stable operations with back up contingencies are key to consistent results.”
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