Gold Resource Corporation today announces that it is pursuing a registered direct offering with certain investors for the purchase and sale of up to 15,625,000 shares of the Company’s common stock at a price of $0.16 per share resulting in estimated total gross proceeds of approximately $2.5 million.
The Gavilanes Project, located in Durango, Mexico, within the prolific Sierra Madre Occidental District, is an early-stage high grade silver-gold vein system with significant exploration potential.
Greg McKenzie, President and CEO, commented: “We are very pleased with the results from San Nicolas and C550. At San Nicolas, through holes Q-24-054 and 056, we have extended high-grade mineralization up to 70 m above the last mined stope in the area, and this mineralization is open to the southeast.”
GR Silver Mining Ltd. announces that the Company has granted Deferred Share Units to eligible persons in accordance with the Omnibus Long-Term Incentive Plan approved by the Board on August 2, 2022 and approved by shareholders at the Company’s Annual General Meeting held on November 12, 2024, and subject to the policies of the TSX Venture Exchange.
Vizsla Silver Corp. announced on January 6, 2025, a 43% increase in Measured & Indicated resources at Panuco to 222.4 Moz AgEq (12.96 Mt at 534 g/t AgEq), including first Measured category of 46.1 Moz AgEq (640 g/t). Inferred: 138.7 Moz AgEq; effective September 9, 2024.
Silver Tiger Metals Inc. released its 2024 summary and 2025 outlook on January 3, 2025: Key 2024 achievements include PFS for open pit (US$222M NPV, 40% IRR), updated MRE (200 Moz AgEq), and underground drilling start. 2025 plans: Complete 5,000m underground drilling, deliver underground PEA in H1, secure financing, and advance to construction decision.
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