“We had incredible support for this financing from existing, long-term shareholders and we look forward to delivering returns in this developing precious metals bull market,” stated Brendan Cahill, President and CEO.
The proceeds of the financing will be used to undertake Metates metallurgical test work and ongoing regional exploration and for general working capital. There are no finder’s fees or other commissions associated with the Private Placement.
Redstar intends to use the proceeds of the Offering to fund exploration programs and for general corporate purposes.
“The Cerro de Oro gold project has many characteristics that mimic the El Castillo gold mine our team developed under the Castle Gold Corporation banner from 2007 until its eventual sale in 2010.” stated Darren Koningen, CEO of Minera Alamos
Prime Mining Corp. is pleased to announce effective August 1, 2020 the appointment of Ian Harcus as Chief Financial Officer, replacing Mr. Simon Anderson who relinquishes his role as Chief Financial Officer but will remain with the Company in a transition capacity.
John Gomez President & CEO of Inomin Mines, says “The acquisition of La Gitana and Pena Blanca provides us with two gold and silver projects where initial exploration has discovered significant mineralization. At La Gitana we look forward to exploring untested areas to expand the core disseminated and high-grade gold-silver zone already delineated by drilling. Pena Blanca is geologically similar to La Gitana with a larger exposed alteration area, indicative of a major gold-silver system.”
Mr. Jonathan George, CEO, commented “We are very excited to have someone of Andrew’s caliber join the team to add value to all stake holders. His extensive background and experience in both technical and capital markets will aid us as we advance our Rebeico project and evaluate prospective opportunities in Mexico.”
Sailfish Royalty Corp. would like to remind its shareholders that on November 9, 2018, the Company was granted the option to acquire the Gavilanes silver property located in Durango, Mexico as part of the restructuring of the original gold stream on San Albino.
Zanzibar Gold Inc. is pleased to announce that Minerales De Tarachi S. de R.L. De C.V. has signed an option agreement with the Company for an option for the Company to earn a 100% interest in the Sonora Gold mineral concessions in the mining district of Benjamin Hill in Sonora, Mexico.
“In the span of only 18 months, we have been able to discover over 100 million tonnes of polymetallic mineral resources through this exciting skarn deposit at La Colorada. Exploration drilling continues to demonstrate the extent of the mineralized system, which remains open in nearly all directions for resource expansions,” said Christopher Emerson, Pan American’s Vice President Business Development and Geology.
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