Fabled Silver Gold Corp. is pleased to provide an update on its spin-out its interest in the Muskwa copper project in northern British Columbia by distributing the shares it holds in its wholly owned subsidiary Fabled Copper Corp. to the shareholders of the Company through a statutory plan of arrangement.
“I’ve been informed of a decision taken to reopen the mine in Cosala, Sinaloa. A deal is being reached. It’s moving forward,” President Andres Manuel Lopez Obrador told reporters during a regular government news conference.
“With the existing drill program covering only 30% of the area of the host magnetic anomaly, we see significant potential to grow and upgrade the resource base at Media Luna over the coming years.”
Policymakers are becoming increasingly aware that environmental, social and governance issues may stand in the way of development of new mine projects to feed the growing “green revolution,” Jeremy Weir, executive chairman and CEO of global commodities trader Trafigura, said June 15.
The net proceeds from the sale of the Common Shares will be used by the Company for exploration and general corporate and working capital purposes.
The Properties are located in the State of Sonora, which hosts Mexico’s most prolific Mining Camps hosting many of the World Major Gold Producers.
The full technical report dated May 30th, 2021, with an effective date of May 1st, 2021 is entitled “Technical Report for the La Virginia Precious Metal Project, Sonora, Mexico”. The report was prepared for Silver Viper Minerals Corp by Arseneau Consulting Services Inc. and can be found under the Company’s issuer profile at www.sedar.com.
Azucar Minerals Ltd. announces that, pursuant to its Stock Option Plan, it has granted stock options to certain directors and officers of the Company to purchase an aggregate 413,000 common shares in the capital of the Company at an exercise price of $0.13 per share which expire on June 14, 2023.
J. Duane Poliquin, Chairman of Almadex, stated “It is gratifying to see GMTN make such rapid progress at Elk. We are very excited by the possibility that our 2% NSR royalty on this Project will become the first cash-flowing royalty in the Company’s portfolio.”
Aggregate gross proceeds under the Offering were $6 million. Silver Viper intends to use the net proceeds from the Offering for working capital requirements and other general corporate purposes.
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