This is the first time since the early 1980s that these properties have been consolidated, allowing MAG to apply an integrated district-scale exploration approach based on the continuum of mineralization styles from CRD through Skarn to Porphyry Copper-Molybdenum shown by many related systems worldwide.
The net proceeds from the sale of the Units will be used by the Company for exploration and general corporate and working capital purposes.
Canasil President and CEO, Bahman Yamini, commented: “Cutting the Candy vein as well as zones of disseminated silver mineralization below the historical workings in the first two drill holes at the Nora project is an encouraging start to the drill program.”
Redstar CEO, Charles Funk, commented “Commencing drilling at Unga is another significant milestone for Redstar Gold as we complete our transformation into a leading exploration company.”
Aztec Minerals Corp. announces that the first 5 holes totaling 843 meters of the current 2,900 metre, 20-hole Phase 1 reverse circulation (RC) drilling program at the Tombstone Property have been completed.
Exploration work is being funded and managed by Resolution Minerals in a collaborative arrangement with Millrock as the project operator.
The Company is thrilled to report that the new section of the leach pad is operating according to plan” stated Americas President and CEO Darren Blasutti.
Candente Gold Corp. is pleased to announce the signing of a Letter of Intent to enter into a profit sharing agreement on the Cocula Gold Project in Jalisco State, Mexico whereby Candente Gold will be entitled to receive 70% of any potential profits that may be derived from mining and processing of the deposit.
Zinc Concentrate Offtake Agreement with Penoles, a major Latin-American mining company and one of the world’s leading refiners of Zinc and the largest global refiner of silver, extended until the end of 2021.
Monarca Minerals, Inc. announces that is has completed the previously announced shares for debt transaction to settle an aggregate of $301,324.90 owing to certain officers, directors and service providers of the Company through the issuance of an aggregate of 6,026,498 common shares of the Company at an implied issue price of C$0.05 per share.
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