Consolidated Zinc Managing Director Mr Brad Marwood commented “the acquisition of a 100% interest in Plomosas completes the simplification of the ownership structure from the Company’s original 51% shareholding less than 9 months ago, with the acquisitions of the additional 49% interests acquired at attractive considerations to add shareholder value.”
This is the first step far from finalizing a Bankable Feasibility Study but a great beginning for a company like ours. We invite you to participate and invest in order to develop this asset.
“With our new management team in place, our much improved financial condition, and the prospectivity of the Las Minas project, the Company is now positioned and singularly focused on creating shareholder value through the drill-bit,” stated Philip O’Neill, CEO, President, and Director of Mexican Gold. “We would like to thank all of our shareholders for their support and loyalty over the last several months and we look forward to delivering exploration results at Las Minas in the near future.”
John M Darch, Chairman of Sonoro, commented, “In our meetings, these companies very graciously detailed their advanced technical capabilities regarding engineering and mine design, equipment manufacturing and finally, installation and commissioning. I found it extremely encouraging that some of the examples they used, were mines that processed mineralization with gold grades similar to those at our Cerro Caliche property.”
Silver Spruce Resources Inc. is pleased to announce the closing of its financing. The Company has issued 5,225,000 units at $0.05 per unit for gross proceeds of $261,250.
“Our second quarter operating and financial results continued our positive trend of the past three quarters.” stated Arturo Préstamo, Chief Executive Officer of Santacruz. “At Rosario we have turned the corner and are generating positive cash flow from operations while at Veta Grande we reduced the operating loss despite a mechanical problem with one of the ball mills. With the ball mill now back online in Q3 we expect continued improvement at Veta Grande and with overall operations.”
We are currently contemplating acquiring several projects that logistically create an advantage, some of them more advanced then others but with high grade gold drilling results. As we mentioned previously, we are only interested in a top quality, progressive operation, generating a positive impact for shareholders as well as in the local communities in which we will operate.
New Gold intends to use the proceeds to enhance financial flexibility, strengthen the balance sheet, including debt repayment, and general corporate purposes.
Minera Alamos Inc. announces that it has acquired 9,450,000 common shares in the capital of Prime Mining Corp. at a deemed price of $0.30 per common share as consideration for the assignment of an option agreement to which the Corporation is a party.
Sable Resources Ltd. announces that it has entered into an Investment Agreement along with an Equity Subscription Agreement with Osisko Gold Royalties Ltd for total potential proceeds of $12.58 million. Sable believes that the Financing will provide the Company with the funding to progress its exploration objectives over its entire portfolio for the next 4 years.
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