The net proceeds of the financing will be used to pay for the drill program at the Pino de Plata project and general working capital.
Millrock President & CEO Gregory Beischer stated Millrock thanks Centerra for the investment they made in advancing these projects. While Centerra has elected to leave, we strongly believe the projects have excellent technical merit. We think they will be attractive to mid-tier or smaller mining companies. Our intention is to seek out new funding partners, but at the same time we will have to balance the cost to hold to La Navidad and El Picacho concessions in the face of Millrocks currently limited cash position.
Aura Resources Inc. announces that it has entered into a definitive agreement with Minaurum Gold Inc. and its Mexican subsidiary whereby Minaurum will acquire an interest in the Companys East Taviche property located in Oaxaca, Mexico. In accordance with the terms of the agreement, Minaurum will acquire an initial 80% interest in the East Taviche project…
We are very pleased to announce a 28% increase in the Measured and Indicated Mineral Resources at the Topia Mine to nearly 15 million silver equivalent ounces,” stated James Bannantine, President & CEO. “The Company was able to increase the resources even after mine depletion over the past four years. This update provides for a long mine life at Topia and supports the planned increase in processing capacity which is expected to increase 2019 production by approximately 25%. In addition, the conversion of Inferred Resources and further exploration potential provide a good opportunity to further extend mine life.
Silver One announces that it will be initiating a drill program at its 100% owned Peñasco Quemado project located in Sonora, Mexico. The proposed program, scheduled to begin by mid-February 2019, will consist of approximately 1000 metres of diamond drilling to test selected targets within strong zinc-lead and other metal geochemical and coincidental geophysical anomalies previously identified.
As previously disclosed, fourth quarter 2018 gold production of 630,000 ounces exceeded guidance. All-in sustaining costs for the full year are expected to be in line with guidance of $850 per ounce.
Garibaldi Resources Corp. management is deeply sorrowed to inform shareholders of the sudden passing of Everett Makela, P.Geo., Director and VP Exploration-Canada, on January 24, 2019.
The proceeds of the Offering will be used to pay for the costs associated with proceeding to completion of the proposed asset acquisition transaction with Armex Mining Corp. including due diligence costs, audit fees, legal fees and costs of preparing the necessary documentation for the Armex Transaction and for general corporate purposes. The Offering is intended to be completed independently from the Armex Transaction and the funds raised in connection with the Offering will be made available for Camrova’s use immediately upon closing.
Prospero Silver Corp is pleased to announce that the the option agreement announced on December 10, 2018 between Prospero and Fortuna Silver Mines Inc. has been signed by both parties. The Option Agreement is subject to the acceptance of the TSX Venture Exchange.
“In the second quarter Metalla has continued to execute on its strategy of acquiring royalties on properties with world-class operators,” commented Brett Heath , President, and CEO of Metalla. “We are pleased to have completed the acquisition of a 2% NSR royalty on Agnico Eagle’s Santa Gertrudis Mine along with a 1.5% NSR royalty on Pan American Silver’s COSE Mine, which complements our portfolio of high-quality assets with strong counterparties.”
Mexico Mining Center © 2021 / All Rights Reserved
