Recently, Fortune Bay has been undertaking a detailed review of its 100% owned Ixhuatán Project (“Ixhuatán”) located in Chiapas State, Mexico. Located in a highly favourable geological setting that parallels most of the giant porphyry systems worldwide, the project offers multiple exploration and development opportunities.
The proceeds from the private transaction enhance VVC’s overall financial position. Management intends to accelerate its U.S. helium and natural gas programs, as well as to continue development of its copper property in Mexico.
First Majestic Silver Corp. is pleased to announce the unaudited interim consolidated financial results of the Company for the second quarter ended June 30, 2023.
Commander Resources Ltd. announces that it plans to complete a non-brokered private placement of up to $600,000.
“With the exception of El Oro, we are no longer incurring any costs to maintain exploration assets in Mexico. This includes the El Dorado property, which while still of interest, has taken too long to receive drill permits and the Company can no longer justify the holding costs.”
Heliostar CEO, Charles Funk, commented, “We are quickly advancing the re-scoping of Ana Paula towards an underground mine. The High Grade Panel is shallow and wide with a favourable orientation for productive underground mining. The Company is refining three scenarios to choose the approach that maximises the profitability of mining and shortens the timeline to production.”
“2023 is proving to be another excellent year for Torex. We continued to successfully execute on our strategic priorities through the first half of 2023, with production tracking toward the midpoint of annual guidance, development of the Media Luna Project on budget and on schedule, and positive drill results recently released for our ELG Underground.”
Chesapeake Gold Corp. today is announcing that the Company’s President and Chief Executive Officer, Alan Pangbourne will be stepping down from his role at the Company effective 1st November 2023 for personal reasons. Mr. Pangbourne will continue to support Chesapeake as President and CEO in the coming months to ensure a smooth transition.
Tony Makuch, CEO, states: “The reserve expansion and definition component of our Feasibility Study drill program at our Cordero project is now complete. In total we have added approximately 35,000 m of drilling in over 100 drill holes since the cut-off for the Pre-Feasibility Study resulting in a comprehensive drill dataset supporting the Feasibility Study of approximately 310,000 m in close to 800 drill holes.”
“We are excited to report that construction at our flagship Mantoverde Development Project (“MVDP”) remains on-time and on-budget ahead of our ramp-up commencing by year-end. Furthermore, despite a challenging start to the year, we expect our operational performance to improve in H2,” commented John MacKenzie, Chief Executive Officer.
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