Prospero Silver Corp. is pleased to announce that, further to its press release of January 25, 2019, the Company has received TSX Venture Exchange acceptance of the option agreement with Fortuna Silver Mines Inc. pursuant to which Fortuna can earn up to a 70% interest in the Company’s Pachuca South East Property located in Hidalgo State, Mexico.
Operationally, 2018 was a year in which we successfully achieved our goal of completing Mill Circuit 4, owing much to the Mexican Operations team and their dedication to the project. Additionally, we completed drill programs on several areas of the Avino property, which successfully outlined longer term targets that warrant further investigation and drilling. stated David Wolfin, President and CEO.
Plomosas produced a record 3,530 tonnes of ore during January 2019, with mined grades of 10.3% Zinc and 3.3% Lead. Ore grades are expected to increase once ore stoping commences at Tres Amigos from the 972mRL during this quarter.
José Antonio Berlanga, CEO and Director, states: Telson´s growth in the past three years has been remarkable. After Telsons restructuring in November 2015, the Company has grown significantly from having one advanced exploration project, Tahuehueto at the PEA stage, to having acquired the Campo Morado mine, advancing it back into full commercial production and advancing its Tahuehueto project through pre-feasibility studies into pre-production by toll milling. At Tahuehueto we are now in late stage mine construction of an on-site 1,000 tonne per day milling and underground mining operation which we expect to commission in 2019..
Auxico Resources Canada Inc. is pleased to announce that it has completed a non-brokered private placement of 2,000,000 units, issued at a price of $0.20 per Unit, for gross prceeds of $400,000.
Sonoro Metals Corp., is pleased to announce the appointment of Neil Maedel to the Companys Board of Directors and his assumption of duties as Executive Director, Corporate Finance. To accommodate the appointment of Mr. Maedel, director Ronald Husband has resigned from the Board, but will continue to act as an advisor to the Board. In addition, Sonoro has appointed Katharine Regan as Corporate Secretary of the Company.
“We would like to thank our shareholders for overwhelmingly approving the Acquisition and for their continued support”, stated James Bannantine, President and CEO. “The acquisition of Beadell is transformational for Great Panther, resulting in the creation of a new growth-oriented intermediate precious metals producer with a strong balance sheet and diverse asset portfolio including three producing mines, an advanced stage project, and significant exploration potential.”
Magna Gold Corp. wishes to provide an update on its previous announcement regarding the arms length option agreement dated September 25, 2018 with Beatriz Delia Yepiz Fong, an individual resident in the Sonora State of Mexico. The Corporation is also pleased to announce a proposed non-brokered concurrent private placement financing for gross proceeds of up to CAD$3,200,000, comprised of common shares in the capital of the Corporation, sold a price of CAD $0.32 per Common Share.
Commented Craig Roberts, P.Eng., President and CEO of Ethos: “We are excited to be now moving ahead at La Purisima with machine trenching followed by our maiden drill program.”
The maiden drilling program at Cuale has afforded the Company a better understanding of the geological setting that hosts the gold mineralization. With this information, the Company plans to test extensions of the gold and copper horizons and will commence a reconnaissance program across the property seeking new targets. Upon completion of this program, the Company will re-assess the appropriate path forward, commented Charles Funk, Vice President of New Opportunities and Exploration.
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