Author: Josue Gomez

Pete Dougherty, President and CEO stated: “When you consider the value of Alio Gold when we announced the at-market merger less than six months ago, you can begin to recognize the tremendous value-creation opportunity Argonaut’s board and management saw at the time of the merger. The proceeds of this transaction support Argonaut’s focus on the development of our Magino gold project in Ontario, Canada by providing upfront capital while still providing Argonaut shareholders with upside participation in the Ana Paula Project through Argonaut’s equity ownership in the Resulting Issuer, a contingent payment upon a construction announcement and a royalty.”

“These are very exciting and busy times for Colibri and its shareholders.” says Ian McGavney COO of Colibri. “In addition to the on-going exploration at the Evelyn Gold Project, which is being completed in preparation for a fall drill program, our option partners Tocvan Ventures and Silver Spruce Resources are also advancing the Pilar and El Mezquite projects respectively. Both companies are also working towards completing drill programs this fall.”

Bacanora remains on schedule to commence initial site works at Sonora in H1 2021, subject to completion of financing, which would enable commencement of production at the plant in 2023. This timeframe coincides well with the anticipated increase in lithium demand from European, Asian and US electric vehicle manufacturers expected that year.

“The DCIP survey represents an important step in the Company’s previously announced program of environmental studies, phased surface exploration, deep 3D geophysical surveys, and diamond drilling that aims to verify and build upon an updated geological model and a substantial body of historical drilling, mineral resource estimates, and Pre-Feasibility studies,” said Craig Dalziel, Oroco’s CEO.

Silver Tiger CEO, Glenn Jessome states, “I am proud of our team on the ground in Mexico who have worked so hard since returning to El Tigre in June to implement strict Covid 19 protocols so that we have been able to safely resume drilling. The $11 million we raised from institutional investors in July gives us a runway to drill the next 25,000 meters at El Tigre. The team is excited to have the initial two drills turning so we can follow up on our high grade silver discovery holes drilled in the Caleigh and Protectora veins.”