Leagold Mining Corporation reports that Adriaan “Attie” Roux has been appointed to a newly created role of Chief Operating Officer for an initial term of six months. Mr. Roux is a Metallurgical Engineer with over 40 years of operational, technical and executive management experience in the mining industry.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: The Tabasquena project is in a region renowned for world-class mines, primarily from epithermal veins. In our first 7 holes on the project, we have drilled the known Tabasquena vein, which had historical silver production in the oxide zone, drilling below the historical mining workings is where we found our high-grade gold discovery, Drilling in phase 1 and 2 have tested deeper at the Tabasquena vein, discovered 8 other epithermal veins, 5 of the new discoveries completely blind, no surface outcropping vein nor geophysical expression. Our exploration team is excited about the prospects of finding a cluster of epithermal veins, in such an important region for mining epithermal veins containing precious metals…”
We are pleased to report that the data from the current sampling program conducted by Sonoros technical teams substantiate the data from prior sampling programs, said Kenneth MacLeod, President and CEO of Sonoro. The combination of new and historic data has enabled Sonoro to develop a strong understanding of the geologic structure, leading to a more precise targeting of drill holes for the current program and the expansion of surface sampling in the 14 km² project area, where additional mineralized zones are being evaluated.
The Companys non-brokered equity private placement financing has been increased to CA$2.5 from the previously announced $1.2 million. The Company has raised to-date about CA$1.9 million and expects to close by November 5. The proceeds of these Financings will be used for ongoing drilling program, maintenance fees and option payments on the Companys Samalayuca Copper Project, and for fees and work related to its Cumeral and La Tuna projects in Mexico, general administration costs in Canada and Mexico and for working capital.
Igor Gonzales, President, and CEO of Sierra Metals commented: “I am pleased to see continued improvements in the production results for Q3 2018 including notable increases to consolidated metal production of silver, copper, zinc, and gold. In the third quarter the Company continued to build upon its strong performance in the first half of the year, despite the weather challenges we experienced at Bolivar. The Yauricocha Mine reported sequential solid production results, and the Cusi Mine continued with its tonnage improvements.”
Capstone Mining Corp. announced production results for the three and nine months ended September 30, 2018. Combined production totalled 21,400 and 60,600 tonnes of copper in the third quarter and year-to-date periods, respectively, with additional by-products of zinc, molybdenum, lead, silver and gold.
The net proceeds from Private Placement will be used by the Company to cover the Companys requirement to contribute funding to the Tahuehueto Mines construction rehabilitation and operation under its loan agreement with Trafigura Mexico, S.A. de C.V., and for general working capital purposes.
Oroco Resource Corp. is pleased to announce that Oroco has entered into a definitive option agreement with Altamura Copper Corp. and its shareholders whereby the Optionors have granted to Oroco the exclusive option to acquire the remaining issued and outstanding common shares of Altamura not owned by Oroco. The Company currently holds an approximate 13% equity interest in Altamura.
Aloro Mining Corp. announces that, subject to regulatory approval, it has arranged a non-brokered private placement financing of up to 10,000,000 common shares at a price of $0.10 per Share for gross proceeds of up to $1,000,000.
Galore Resources Inc. reports the closing of its previously announced non-brokered private placement of units of the corporation for gross proceeds of CDN$419,577.10.
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