Excellon Resources Inc. is pleased to announce that, further to the Company’s news release dated April 4, 2024, it has closed the first tranche of its previously announced non-brokered private placement offering of units of the Company for aggregate gross proceeds to the Company of approximately $709,574.
“We are excited to be able to move ahead with our El Oro Tailings Project,” says Joanne Freeze, President and CEO of Xali Gold. “With KCA’s experience in Mexico, and their proprietary recovery process, we anticipate a fairly rapid development timeline.”
Silver Viper Minerals Corp. is pleased to announce that it has closed the first tranche of its non-brokered private placement financing pursuant to the Listed Issuer Financing Exemption of National Instrument 45-106 – Prospectus Exemptions announced on April 4, 2024. Under the First Tranche, the Company issued 21,131,000 units of the Company at a price of $0.10 per Unit for aggregate gross proceeds of $2,113,100.
“I am very excited to welcome Ms. Gill to the Vizsla Silver board,” stated Craig Parry, Chairman. “I have had the pleasure of working closely with her over the past 4 years and have been impressed with the diligence and oversight that she brings to her role. Suki’s leadership perspectives, financial acumen, and her experience in guiding companies through their transition and growth will prove incredibly valuable for Vizsla Silver as we transition from explorer to developer.”
“Now that the SART Zinc circuit’s commissioning has been completed and is operational, we are seeing an increase in the leaching of gold and silver, in addition to the production of a saleable zinc and copper product. We anticipate further increases in silver and gold production over the coming months as the extraction of zinc and copper from the heap leach solution improves the precious metal leachability in the heap,” Brad Langille, President and CEO stated.
Orla Mining Ltd. is pleased to provide an interim operational update for the first quarter ended March 31, 2024 and an update on its activities in Panama.
Defiance Silver Corp. would like to provide an update on the preparation of the required technical reports for its Tepal and San Acacio projects.
Dale Andres, CEO of Gatos Silver, commented: “The CLG mine delivered another strong quarter of operational results. Mill throughput for the quarter was more than 3,200 tonnes per day, an increase of 11% from the first quarter of 2023, and another quarterly record. Silver equivalent production for the quarter was at the top end of guidance with the higher throughput offsetting lower grades for silver, lead and gold as expected in the mine plan.”
Oroco Resource Corp. announces that pursuant to the Company’s Stock Option Plan and subject to approval by the TSX Venture Exchange, it has granted a total of 6,235,000 incentive stock options to 33 directors, officers, employees and consultants of the Company at an exercise price of $0.75 per share, with a term of 3 years.
James Anderson, Chairman and CEO said, “We have successfully navigated through a particularly challenging year for the junior mining industry; we emerge from this period with vastly improved assets in terms of production efficiency, scale, and economics. All four of our producing silver mines were the beneficiaries of major capex investments in 2022; these adjustments and upgrades are already positively impacting performance as we continue to build Guanajuato Silver into a mid-tier precious metals producer.”
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