“We are thrilled to have Mr. Rehman join the Monumental Board. His experience and expertise in capital markets and management adds significant depth to the company. We look forward to the knowledge and guidance that Mr. Rehman brings in defining our strategy and future of Monumental Minerals.”
Under this second tranche, the Company has issued 200 Units for gross proceeds of US$200,000. Combined with a first tranche of 487 Units which closed on August 1, 2023, the Company has issued an aggregate of 687 Units for gross proceeds of US$687,000.
Glenn Jessome, President and CEO, stated: “I would like to thank our technical team and our external consultants for delivering this positive Mineral Resource Estimate. The discovery of the Shale and Sulphide Zones, increased tonnage in the Veins and further delineation of the Open Pit has greatly increased the Mineral Resource and grade since our last published Technical Report.”
“We are very pleased with the work completed by our consultants and our technical team on the Mineral Resource and PEA for Los Ricos South. The projected cash flows are very substantial, especially when combined with our Los Ricos North PEA that was completed in March of this year. With an NPV of US$458M at LRS and US$413M at LRN, we now have a total NPV of US$871M in our Los Ricos district.”
Silver Bull’s CEO, Mr. Tim Barry commented, “Whilst it had been Silver Bull’s intention to continue developing the Sierra Mojada Project, an illegal blockade by a small group of local miners trying to extort and force an underserved royalty payment from the Company began in September 2019 and continues to this day. Despite numerous requests to the Mexican Government to uphold the law and end the illegal blockade, the Government failed to act, preventing Silver Bull from accessing the site for over four years and preventing the Company from conducting its lawful business in Mexico. The direct actions and inactions by the Mexican Government has driven away investors from the project and resulted in the expropriation of the Sierra Mojada project.”
Rick Trotman, President and CEO of Barksdale, states, “We are thrilled that the Judge ruled in our favor and denied the Plaintiff’s request for a preliminary injunction that would have prevented us from drilling at Sunnyside. It is our expectation that mobilization will begin on September 15 and drilling will commence shortly thereafter. We look forward to tackling the Phase I Sunnyside drilling program of ~16,000 meters (50,000 feet) in accordance with our rigorous permitting guidelines.”
Vikas Ranjan, Chief Executive Officer of VMS, expressed his satisfaction, stating, “The completion of the environmental study at the Zaachila project underscores Vortex’s commitment to responsible exploration and environmental stewardship. With the endorsement of local stakeholders, this achievement brings us closer to realizing the full potential of the project through the potential discovery of high-grade copper targets, and further solidifies our dedication to sustainable practices.”
Argonaut Gold Inc. is pleased to announce the appointment of Owen Nicholls to Vice President, Exploration.
“We continued to see steady growth every month of the quarter, with increased activity from copper, lithium, silver and nickel customers, offsetting the reduced demands of junior gold exploration companies,” commented Mr. Denis Larocque, CEO of Major Drilling. “Early in the summer, forest fires and project delays due to permitting impacted our North American operations, however, by the end of the quarter, we saw the return of strong activity levels. We were particularly pleased with the results from our South American and Australasian operations, which are seeing a pickup in activity that bodes well for the future.”
Bear Creek Mining Corporation announces that Mr. Erfan Kazemi is retiring from the Company’s board of directors effective today in order to concentrate on his other business obligations including his new role as President and CEO of Horizon Copper Corp. and his ongoing role as Chief Financial Officer of Sandstorm Gold Ltd.
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