Colibri Resource Corporation is pleased to announce that, further to its news release of January 31, 2025, it has closed, subject to final TSX Venture Exchange acceptance, a first tranche of its previously announced non-brokered private placement of units for aggregate gross proceeds of $140,400.
Canuc Resources Corporation and Macdonald Mines Exploration Inc. are pleased to announce, further to their respective press releases dated December 3rd, 2024, that they have entered into a definitive arrangement agreement pursuant to which Canuc will acquire all of the issued and outstanding shares of Macdonald Mines.
“These results, which underscore the significant potential of the Alamos project, highlight the consistent high-grade silver mineralization drilled over impressive widths along the 1 km strike length of the Promontorio vein zone,” stated Darrell Rader, President and CEO of Minaurum Gold.
In 2025, the Company expects to achieve total attributable production from its four operating mines in Mexico of between 27.8 to 31.2 million silver equivalent ounces, including 13.6 to 15.3 million ounces of silver.
Heliostar CEO Charles Funk commented, “Repayment of this loan is another significant milestone for Heliostar. In November 2024, the Company completed the acquisition of producing gold assets with a clear upside for less than one percent equity dilution by taking on debt. Using debt was assessed to be the best outcome for shareholders to minimize dilution.”
Defiance Silver Corp. (Feb 13, 2025) closed the third and final tranche of its upsized private placement, raising C$975,000 via 4,875,000 units at C$0.20 each (each: 1 share + ½ warrant at C$0.35/24 months). Total raised: C$3,267,800 (16,339,000 units). Finders’ fees paid; proceeds for exploration and working capital.
The core program was designed and managed by Tocvan with the aim to infill and step out on known mineralization corridors.
“After returning from a successful site visit, we are looking forward to the results from the latest drilling.” commented, CEO Brodie Sutherland. “The drilling has been a technical success with pending results to verify the impact it will have on resource definition.”
GoGold Resources Inc. reported Q1 2025 financial results (quarter ending Dec 31, 2024) on Feb 12, 2025, with record $19.1M revenue at Parral from 625,972 AgEq oz sold at $30.51/oz. Production: 551,337 AgEq oz; operating cash flow $7.9M; cash $76.0M (+$4.3M). Appointed Jorge Aguirre to the board effective Feb 10, 2025.
Guanajuato Silver Company Ltd. is pleased to announce the receipt from the TSX Venture Exchange of approval for graduation from Tier 2 Issuer Status to Tier 1 Issuer Status. GSVR will commence trading as a Tier 1 Issuer on February 14, 2025.
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