Day: March 12, 2025

Goldgroup Announces Upsizing of Proposed Non-Brokered Private Placement

Goldgroup Mining Inc. announced on March 12, 2025, an upsizing of its non-brokered private placement from 23.33M to 25.83M units at $0.30 each, for gross proceeds of ~$7.75M. Each unit: one share + ½ warrant ($0.45 exercise, 24 months). Proceeds for mine improvements, PEA update, debt, working capital; subject to TSXV approval.

Diamond Drilling Intercepts 15 Metres Grading 3.02 g/t Gold-Equivalent on the Loma Verde Vein on the Coneto Gold-Silver Project in Durango, Mexico

John Eren, President and CEO states, “The Loma Verde vein was intercepted in every hole in this phase of the program, thus confirming the strong continuity over 1.2 kms strike length. There is also further depth potential with the down-dip of the mineralized shoots. This is a true gold-silver project, as each precious metal accounts for roughly half the contained value.”

Minera Alamos Copperstone PEA

Minera Alamos Inc. is pleased to announce the reissuance of the Preliminary Economic Assessment on the 100% owned Copperstone Mine in Arizona, USA. The study demonstrates potentially robust post-tax economics which, due to pre-existing infrastructure on surface and underground, result in both low initial capital and an overall low capital intensity ratio on a per gold ounce basis.

Kootenay Announces the Commencement of OTCQX Trading

James McDonald, President & CEO of Kootenay commented: “We are delighted to announce Kootenay’s graduation from the Pink Market to the OTCQX Market. This will allow greater access and visibility for the Company as we advance our Columba high-grade silver discovery located in the Chihuahua State, Mexico.”

Fortuna reports updated Mineral Reserves and Mineral Resources

Fortuna Mining Corp. reported updated Mineral Reserves and Resources as of Dec 31, 2024: Proven & Probable Reserves at 2.7M gold equivalent ounces (down 11% YoY after depletion); Measured & Indicated Resources (exclusive) at 1.5M GEOs (up 36%); Inferred at 2.2M GEOs (up 29%). Gains from drilling offset production depletion across mines and projects.

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