Inomin intends to use the proceeds of the Private Placement to establish operations in Mexico to move forward with the La Gitana project.
“We are actively pursuing additional advanced-stage silver projects for acquisition and as the Company matures there may come a time when a spin out of our Red Lake gold projects is an appropriate step to maximize shareholder value,” said Mike Romanik, President of Silver Dollar.
“The Company has in excess of $52 million US cash in the bank, no debt, a substantial published mineral resource estimate at Los Ricos South, and is enjoying exceptional exploration success at Los Ricos North. We will be expanding on our drilling at Los Ricos North to have one of the most active exploration projects in Mexico and plan on completion of the preliminary economic assessment at Los Ricos South before the end of 2020. These are truly exceptional times for GoGold.”
Said VanGold Mining director William Gehlen, geologist and epithermal system expert: “There are a lot of things to like about these results, and chief among them is the uniformity of good grades from what was historically considered waste rock.”
Alien Metals Limited, a minerals exploration and development company, is pleased to announce that, following the receipt of Exercise Notices, it has issued 6,250,000 ordinary shares of no par value in the capital of the Company at an issue price of 0.15 pence per share and 10,555,556 ordinary shares of no par value in the capital of the Company at an issue price of 0.3 pence per share.
“Receiving the permit extension is welcome evidence that the permitting process is fully functional despite earlier slow-downs stemming from the Covid-19 crisis,” said Dr. Craig Gibson, Prismo Metals President and CEO. “The combined extensions will let our drilling program follow the geology, not the clock as we seek to follow the high-grade mineralization encountered earlier into untested ground at depth.”
“This latest round of sampling underscores our thesis that Picachos may host a district scale mineralized system not unlike those discovered approximately 15 miles to the north and south of us.”
“By developing these mineral target maps we are able to expand Prospector’s capabilities in exciting ways,” said Emily King, Founder of Prospector. “We believe the Mexico region is a valuable place to expand our coverage and ultimately we are focused on creating value for our audience of mining investors by offering unparalleled data and capabilities.”
Vizsla President and CEO, Michael Konnert, commented: “Recent drilling continues to grow the Napoleon discovery area where the best new intercepts are from the deepest holes completed. Mineralization has been extended to the south over 50m and is completely open at depth.”
Mexico’s tax authority has about 15 cases open against Grupo Salinas, a group of companies controlled by billionaire Ricardo Salinas including broadcaster TV Azteca and retailer Grupo Elektra, the tax chief told newspaper El Pais in an article on Monday.
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