Radius Gold Inc. provides an update on the application process for the Amalia 4 mining concession and announces it has filed a legal demand with a Federal Mexican Court to obtain title to the Amalia 4 concession.
Commenting on the MRE, CEO Richard Lock stated: “This mineral resource estimate represents a key milestone for the Company and the culmination of extensive legal property work and geological investigation and analysis. We are very pleased with the results, which confirm our belief that we have a substantial resource at Santo Tomas that is exposed at or near surface and has robust potential to support a large, low-cost open-pit mining operation.”
Tarachi Gold Corp. is pleased to announce that, further to its news release dated January 26, 2023, it has signed a definitive agreement dated May 2, 2023 with Compañia Minera de Atocha S.A. de C.V. for the sale of the Company’s Magistral Project in Mexico.
Sonoro Gold Corp. is pleased to announce that it will undertake a non-brokered private placement offering consisting of up to 30,000,000 units at a price of C$0.10 per Unit, for gross proceeds of up to C$3,000,000.
John MacKenzie, CEO of Capstone, commented, “We are pleased to report that construction at our transformational Mantoverde Development Project remains on-time and on-budget, with nearly 3 million tonnes of sulphide ore stockpiled to date ahead of our ramp-up commencing late this year. Furthermore, despite a challenging Q1 2023 marked by heavy rainfall at our Pinto Valley mine in Arizona, we are re-iterating our 2023 production, cost, and capital outlook.”
Defiance Silver Corp. is pleased to announce the appointment of Oleg Shcherbyna as Chief Financial Officer and Lisa Thompson as corporate secretary, effective immediately.
Greg Smith, President and CEO of Equinox Gold, commented: “Equinox Gold had a good start to the year, in terms of both development and operations.”
Jody Kuzenko, President & CEO of Torex, stated: “With a full year of execution now behind us and 21 months remaining, the Media Luna Project continues to track to overall schedule and budget. At quarter-end, the project was 24% complete across engineering, procurement, underground development, and surface construction.”
Hecla Mining Company announced today that President and CEO Phillips S. Baker, Jr. received this year’s Selwyn Blaylock Canadian Mining Excellence Award. The award, given by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), recognizes an individual who has demonstrated distinguished service to Canada through exceptional achievement in mining, metallurgy, or geology.
Contrary to inaccurate and misleading characterizations in the ARC Proposal which were put forward at a time of critical strategic importance, in the last two months alone Sierra Metals has announced several initiatives that provide evidence of positive operating momentum, improved financial flexibility and a strong commitment to a culture of safety.
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