Evrim’s President & CEO Paddy Nicol stated, “The combination of Evrim and Renaissance to form Orogen Royalties Inc. is an important and exciting milestone on the path towards creating an enlarged royalty portfolio with exceptional capability to generate additional royalties through organic prospect generation and joint venture partnerships.
The initial exploration program will consist of a team of 4 geologists and technicians completing reconnaissance prospecting and geological mapping.
Greg Crowe, President and CEO commented: “The most intriguing aspect about Cherokee is the increasing number of new mineralized discoveries along with our evolving understanding of the various styles of mineralization hosted within the property. Every field season yields additional targets and continues expanding the upside potential of this already robust silver-gold-copper prospect.”
While exploration and mining in Mexico have been hampered by suspensions and slowdowns of operations due to the COVID-19 pandemic, the country will get through this challenge and gradually resume normal operations.
The president then urged Canada’s ambassador to prevail on the companies that there was no need to seek legal redress because “it’s very clear that they have these debts with the tax authority, and that (Canada) help us to convince them.”
Taj Singh, President and CEO of Discovery commented, “With the closing of the financing we now have over $40 million of cash on our balance sheet, putting us in a strong position as we restart our exploration activities at Cordero. We look forward to safely resuming operations later this month and carrying on with the positive momentum we have generated from our excellent exploration results to date.”
The Company intends to use the proceeds from the Private Placement for exploration of the Alamos Silver Project and general working capital purposes. All securities issued and issuable under the Private Placement are subject to a four-month hold period from the date of closing of the Private Placement, in addition to any other restrictions under applicable law.
SSR Mining Inc. and Alacer Gold Corp. are pleased to announce today that they have filed a joint management information circular and related meeting materials in connection with their respective special meetings of shareholders to be held on July 10, 2020.
The AGM is scheduled for 11.00am PDT on Wednesday, June 24, 2020. This year, the AGM will be held in a virtual format via live webcast.
“This R&D Agreement matches the exploration technologies of the future with Saxony’s historical mineral wealth,” stated Brendan Cahill, President and CEO of Excellon. “The Silver City Project realized over 750 years of high-grade silver production until the 1870s, yet had never seen modern day exploration for precious metals until 2019.”
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