Discovery Silver Corp. announces that Taj Singh, President and Chief Executive Officer, has stepped down from his position as President and Chief Executive Officer and has resigned from the Board of Directors for personal reasons.
Silver Viper Minerals Corp. is pleased to announce that the Company intends to undertake a non-brokered private placement financing to raise gross proceeds of up to $3,000,000 from the sale of up to 15,000,000 units at a price of $0.20 per Unit, each Unit consisting of one common share of the Company and one-half of one warrant.
Silver Spruce Resources Inc. announced today a private placement of up to 12,000,000 units at a price of $0.025 per unit for gross proceeds of up to $300,000.
Dr. Chris Wilson, Chief Operating Officer and Director of Zacatecas , comments “Our technical team is excited to have commenced verification and bulk sampling of historical core and RC chips. The core and RC chips have been stored in a secure facility and is of excellent quality. All original historical drill logs, geotechnical data and sample data is available and is also of a very high standard.”
Goldgroup Mining Inc. is pleased to announce that the Company has increased its previously announced private placement financing (see news release dated April 19, 2022) from 18,000,000 units of the Company to 19,542,857 Units at a price of $0.035 per Unit for aggregate gross proceeds of up to approximately $684,000.
It should be noted that the analysis of the company’s deposits show that the composition of the mineralization is approximately equal parts lithium and potassium. While lithium is covered by this new legislation in Mexico, potassium is not.
Magna Gold Corp. is pleased to announce that, further to its news release dated April 21, 2022, it has filed an independent technical report entitled “NI 43-101 Technical Report Initial Mineral Resource Estimate for the Margarita Silver Project Chihuahua, Mexico” and dated May 24, 2022, with an effective date of April 8, 2022.
“Pan American has always been committed to sustainable corporate practices and social responsibility,” said Michael Steinmann, President and CEO. “Implementing standards, such as the VPs on Security and Human Rights, provides assurance to our stakeholders that our practices are aligned with global best practices.”
Carlos Silva, CEO of Santacruz, stated; “During this first quarter we started to see the contribution of our recently acquired Bolivian assets with record revenue and profits. At our Mexican operations we expect increased production from new stopes and less lower grade mineralized material from development work. this should reduce our AISC at Zimapan beginning in the third quarter.”
Taj Singh, President & CEO, states: “We are very pleased with the excellent progress we have made on our PFS and to be working with the same industry-leading project team that completed our Preliminary Economic Assessment (PEA). Initial results from the PFS metallurgical testwork program highlight the exceptional metallurgical performance at Cordero with recoveries typically ranging from 90-95% for Ag, Pb and Zn from the tests completed so far.”
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