“Reduced cash flow from operations in Q1 has placed McEwen Mining in a challenging position which we needed to overcome. I have invested a further $15 million by way of an unsecured Promissory Note so that we can implement corrective action.”
Rick Trotman, President and CEO of Barksdale stated: “I’m very happy to announce this major milestone at San Antonio, a core portfolio holding located a few kilometers southeast of the Company’s Sunnyside property. We acquired San Antonio from Teck in 2019 as we saw clear indications of a potentially large porphyry copper system and after several years of diligent effort, we are now excited to drill test the target.”
“We are delighted with the excellent contractors and team working with Riverside on our Oakes exploration campaign, completing the program safely and finding encouraging geology and sulfide zones.”
Canuc Resources Corporation is pleased to announce the closing of non-brokered Private Placement for gross proceeds of $450,000 CAD.
Mexus Gold US announced that it is aggressively pursuing a qualified mining company to joint venture with at its Santa Elena mine in Caborca, MX. To assist with this endeavor Mexus is seeking a CEO with the right experience to help manage and bring Mexus’ three properties into production.
As announced in the Notice, the Company is focused on producing a new life-of-mine plan and updating its mineral resources and mineral reserves following its January 25, 2022 announcement regarding a reduction in metal content of its previously stated mineral reserve figures.
“We are looking forward to the immediate resumption of normal mining operations at Platosa,” stated Brendan Cahill, President and CEO.
“Today we achieve a mission critical milestone in our growth journey with the release of the updated Technical Report for our Morelos Complex and approval from our Board of Directors to proceed with the development of the ML Project.”
Significant progress was achieved during the year ended December 31, 2021 on the construction of the 4,000 tonnes per day Juanicipio processing plant as the Juanicipio project team delivered the project for plant commissioning late in the fourth quarter of 2021.
Following up on the news release dated November 10, 2021 – Silver Valley Metals Considers Strategic Alternatives for Its Lithium and Sulphate of Potash (SOP) Deposits in Zacatecas, Mexico – the Company can report it is in advanced discussions and under NDA’s with several well financed and highly technical groups.
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