Warren Rehn, President and Chief Executive Officer of Golden Minerals, commented, “We are pleased with the continued positive results from the drilling at Rodeo. The drill program has provided us with significant additional information on the details of the high-grade gold zone, expanding the extent of potentially minable material in many areas of the planned open pit.”
Net proceeds of the Offering, if any, together with the Company’s current cash resources and free cash flow, will be used to advance its Terronera project (including preparation of a feasibility study on the project), the Parral project, prospective mergers and acquisitions and for working capital purposes.
The proceeds from the Private Placement are expected to be used by the Company to purchase underground equipment for its Zimapan property and for general working capital and corporate purposes.
Excellon Resources Inc. is pleased to announce the appointment of Paul Keller, P. Eng. as Chief Operating Officer and Alfred Colas, CPA, CA as Chief Financial Officer.
“I’m very pleased to welcome Anna Ladd-Kruger to McEwen Mining. Anna is an experienced and innovative leader with broad global experience and a proven track record of leading strong finance teams,” commented Rob McEwen, Chairman and Chief Owner.
The net proceeds from the IPO will be used for working capital and to carry out exploration of the Company’s Palos Verdes Property located in the southern part of the State of Sinaloa in northwestern Mexico, approximately 65 kilometers NE of Mazatlán, Sinaloa, in the Municipality of Concordia.
Over the past couple of weeks, Pan American has been gradually redeploying its workforce at Huaron and Morococha following implementation of intensive health screenings and testing for the COVID-19 virus.
Tocvan is currently finalizing drill targets for Pilar, applying for the required permits, and negotiating with contractors in preparation for their near term drilling program.
“Qualifying for trading on the OTCQB is the next step in our ongoing effort to increase visibility, expand trading liquidity and broaden our shareholder base, said Mike Romanik, President of Silver Dollar. “Through the OTCQB, U.S. investors should find it easier to access our company information and most importantly trade our stock through the broker of their choice.”
“Our expansion into new areas has yielded several highly prospective geologic finds consistent with those seen in producing mine regions elsewhere along the emerging Au-Ag mineral belt,” said David Jones, Exploration Manager and Director of Megastar. “The systematic application of our exploration model continues to expand target areas within our existing projects and has guided us to previously unrecognized mineral districts with additional exploration potential.”
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