Colibri Resource Corporation is pleased to report that the co-owner of its Pilar Gold & Silver Project in Sonora, Mexico, Tocvan Ventures (51% interest) has announced the results from six holes drilled in the ongoing Phase 4, RC drill program. Colibri owns a 49% interest of the Pilar Gold & Silver Project.
“We are very pleased with the positive Court decision that protects our flagship Alamos silver project,” stated Darrell Rader, President and CEO. “This ruling ensures that Alamos will continue to be governed by the Mexican Mining Law of 1992 and will not be subject to the uncertainties caused by the new Mining Law Reforms.”
“It’s a privilege and a strategic advantage to have such supportive shareholders,” said Peter Latta, President of Silver Wolf Exploration. “This transaction enables us to be extremely efficient with the recent capital raise ensuring that we maximize the resources put into the ground at Ana Maria, giving us the best opportunity for making a mineral discovery.”
Argonaut Gold Inc. is pleased to announce that the shareholders of the Company have approved a special resolution authorizing a plan of arrangement under section 182 of the Business Corporations Act (Ontario) previously announced on March 27, 2024, pursuant to which Alamos Gold Inc. will acquire all of the issued and outstanding common shares of Argonaut at the annual general and special meeting of Shareholders held earlier today.
Sierra Metals Inc. is pleased to announce the appointment of Jean Pierre Fort to the position of Chief Financial Officer, effective July 1, 2024.
CEO and Chair of GR Silver Mining, Eric Zaunscherb, commented, “It is our priority to increase the value of our Plomosas Project on behalf of our shareholders. This Agreement with PrivateCo will allow us to focus on our bulk sampling test mining program as well as position the Company to resume resource drilling in the San Marcial area and advance technical studies.”
Mr. Ernesto Balarezo, CEO of Sierra Metals, comments, “We are pleased to list our common shares on the Lima Stock Exchange allowing Sierra Metals to increase its investor exposure and liquidity potential by accessing the Nuam Exchange that is an agreement among the Chilean, Colombian, and Peruvian markets; allowing investment funds, institutions, and retail investors to participate in the Company’s growth.”
Barksdale Resources Corp. announces that further to its news releases of June 5, 2024, and June 11, 2024, regarding its non-brokered private placement financing of up to 37,500,000 units at a price of $0.15 per Unit for gross proceeds to the Company of up to $5,625,000, it has closed the first tranche of the Offering. Under the First Tranche, the Company has issued 27,325,317 Units for gross proceeds of $4,098,798.
Almadex Minerals Ltd. is pleased to provide an update on its involvement in the international arbitration proceedings against the United Mexican States under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership discussed in our press releases of December 14, 2023, March 14, 2024, and June 17, 2024.
Vortex Metals Inc. is pleased to announce the appointment of Banco de Chile Director and distinguished businessman Mr. Paul Fürst to its Board of Directors.
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