Pinnacle Silver and Gold Corp. announces that, further to the Company’s news releases dated October 28, 2024, December 10, 2024, January 29, 2025 and February 24, 2025, it has closed its non-brokered private placement and the associated staged option to acquire up to a 100% interest in the Potrero property in Durango, Mexico.
Southern Silver Exploration Corp. announces that it has closed its previously reported non-brokered private placement by issuing 19,909,335 units at a price of $0.18 per unit for gross proceeds of $3,583,680.30.
Southern Empire Resources Corp. has assigned its option on the 600-hectare Centauro Gold Project in Chihuahua, Mexico, to Fortuna Mining Corp.’s subsidiary Monumental Minerals, allowing Fortuna to earn 100% interest. In exchange, Southern Empire receives up to US$975,000 in staged payments, a 1% NSR royalty (with 0.5% buyback option), and issues 400,000 shares to the vendor. Fortuna commits to annual $200,000 exploration spending. TSX-V acceptance pending.
“Having an instant new discovery of unique high-grade mineralization on our expansion area is an incredible advancement for our first four drill holes ever in the area.” commented, CEO Brodie Sutherland.
Oroco Resource Corp. is pleased to announce that, further to its news release dated February 12, 2025, it has received $2,303,555.75 in gross proceeds for its oversubscribed private placement of 9,214,223 units of the Company at a price of $0.25 per Unit.
Pinnacle Silver and Gold Corp. signed a definitive option agreement on February 24, 2025, to acquire 100% of the high-grade El Potrero gold-silver project (1,074 ha, Durango, Mexico). Terms: staged cash ($50K–$3M), 3.5M shares, 2% NSR. Historical: 45,561 t @ 8.0 g/t Au, 186 g/t Ag. Potential near-term production via 100 tpd plant refurbishment.
Capitan Silver Corp. closed a C$5.3 million private placement, issuing 13.25 million units at C$0.40 each (one share + one warrant at C$0.50 for 12 months). Led by Jupiter fund; proceeds for Cruz de Plata project exploration and working capital.
Prime Mining Corp. Chief Executive Officer Scott Hicks commented, “Fresnillo is an exciting early stage generative target at Los Reyes. Today, we are sharing results that demonstrate a significant extension of approximately 120 metres up-dip of high grade, near-surface mineralization with both underground and open pit optionality and with further potential to continue expanding mineralization.”
Jody Kuzenko, President & CEO of Torex, stated: “I’m very excited about the results we have seen to date from our initial drilling at Media Luna East and the continuation of high-grade results returned from ongoing drilling at Media Luna West. These two targets exemplify the outstanding resource potential we see on the south side of the Morelos Property and, along with the results from EPO and Media Luna proper, support our belief that we will be mining at Morelos for decades to come.”
“The spinout of Blue Jay Gold is an exciting opportunity for Riverside shareholders to gain direct exposure to a new, focused gold exploration company,” said John-Mark Staude, CEO of Riverside Resources.
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