Canuc Resources Corporation is pleased to announce results from additional rock sampling at the Company’s wholly owned San Javier Silver-Gold Project in Sonora State, Mexico. The latest samples were collected from three previously unsampled areas which were identified as magnetic anomalies in the Company’s recently completed airborne magnetic survey.
“This agreement continues Minaurum’s strategy of unlocking the value of its non-core holdings as it continues to focus on and advance the Alamos silver project”, stated Darrell Rader,President and CEO of Minaurum.
Silver Tiger’s CEO, Glenn Jessome, stated, “The significance of these 2 new holes is we have followed and confirmed the new “Footwall Discovery Zone” for an initial strike length of 75m to the south of hole ET-21-202. The zone is still very high grade and it’s still in the same physical location in all three holes in the footwall behind the actual Sooy Vein. So, we are starting to see this new zone has a similar strike to the Sooy vein and has some dimension and scale with potentially mineable widths and grades.”
Garibaldi Resources is pleased to provide this update further to the Company’s November 24, 2020 news release announcing completion of an initial tranche of a non-brokered flow-through private placement totaling $2,033,200 CDN by the issuance of 3,388,666 units at 60 cents per unit.
“These intercepts add weight to the proposed theory that not only do the north – south structures slightly off set the east to west structures but they are more importantly mineralized. We expect to see this become more pervasive in the next fence of holes a further 200 meters to the east and to be in the middle of what is interpreted to be the center of the North – South structure intersecting the Santa Maria.”
Stephen Orr, the Company’s Chief Executive Officer, stated, “The completion of this definitive agreement with Dowa represents the achievement of two important use of proceeds objectives from the Company’s recent initial public offering. Increasing Gatos Silver’s interest in the entire Los Gatos mineral district to 70% and extinguishing the WCF are significant milestones and value-catalysts for the Company, which emerges, upon completion of this transaction, with a substantially increased share of this prolific new silver and zinc rich district.”
“The fully-funded increases to the drilling campaign, with the addition of Phases 2 & 3, as well as the PEA-recommended drilling on the Oxide Tailings resource, totaling 30,600 additional metres, are consistent with our strategy to increase value for shareholders in the long-term through drilling on the Avino Property”, said David Wolfin, President and CEO.
K2fly Ltd has announced that Coeur Mining Inc has signed a 5-year resource inventory management software-as-a-service (SaaS) contract to roll out to five sites.
The error occurred in the first paragraph where it should have read, “Each unit consists of one common share priced at $0.25 per share, and one half of one common share purchase warrant” instead of “one common share purchase warrant.”
Capstone Mining Corp. is saddened to report that a fatal accident occurred at its Cozamin mine in Mexico on March 7, 2021.
Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.
Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
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