Magna Gold Corp. announces that its board of directors has approved the adoption of a new 10% rolling stock option plan to replace the Company’s existing fixed stock option plan.
“The Company was able to maintain essential activities while fully complying with the government protocols during the state of emergency,” statedLuis Marchese, CEO of Sierra Metals.
Zanzibar Gold Inc. is pleased to announce the appointment of Mr. Juan J. Duarte Bravo as a director of the Company.
“Parral generated cash flows of $2.2 million US in the quarter which, despite an interruption to the operations due to COVID-19, paid for our general and administrative costs, some working capital, and a portion of our exploration costs at Los Ricos,” Brad Langille, President and CEO stated.
The proceeds from the sale of Units will be used by the Company for exploration and general corporate and working capital purposes.
It is anticipated that upon the completion of the Arrangement Paddy Nicol and John Thompson will resign as directors to facilitate the appointment of nominees of Renaissance. Furthermore, the Company will change its name to Orogen Royalties Inc. Paddy Nicol will remain as President and CEO of Orogen.
The Company continues to adjust to the unprecedented COVID-19 conditions. At Las Chispas, the Company installed a fully confined temporary camp with a capacity for 160 essential persons to continue its exploration, underground development, and construction of early works with the objective of limiting potential exposure of personnel and nearby communities to the virus.
“We continue to work carefully at the Juanicipio Project, respecting social distancing and maintaining very high levels of hygiene” said George Paspalas, President and CEO.
La minera Fresnillo PLC realiza pruebas rápidas para detectar COVID-19 a los habitantes de algunas colonias y comunidades de El Mineral.
Simon Clarke, CEO of Apollo Gold stated, “We are very pleased that the Option Agreement is now unconditional, and we can start to plan the launch of initial work programs on these highly prospective concessions. With the size and scale of the mines and deposits in the surrounding District, combined with the reports of historic work undertaken, we believe the Apollo Concessions present a great opportunity for Apollo Gold and we are excited to start work on the Properties.”
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