Over the past 4 months, Goldplay has pursued an aggressive exploration program leveraging the team’s experience and track record in the discovery of Au and Ag deposits in the Rosario Mining District, Sinaloa, Mexico.
Bacanora CEO Peter Secker said: “The proposed US$90 million investments from blue-chip investors of the calibre of SGRF and our existing strategic partner, global trading company Hanwa, is a clear endorsement of Sonora’s credentials to become a low-cost producer of high-value lithium carbonate.
“We are pleased to have the restructuring of the debt facility completed,” said Greg McCunn, Chief Executive Officer. “Macquarie has demonstrated their commitment to support Alio as we advance the Florida Canyon mine to a steady state production level. The restructuring provides us with the financial flexibility to focus on operational efficiencies to reduce costs.”
“On behalf of myself and the Cadence team, we are genuinely excited that Bacanora has secured a senior debt funding package of this size.”
“The filing of the Informe Preventivo is an important and critical step to attain the permit to drill at Pino de Plata. Surface land owners with ranches on our project have granted access for the drill campaign, and the comprehensive declaration/permit application has been filed. Government approval for the drill program should be awarded within twenty business days, barring any additional clarification that may be requested. The application is complete and thorough. We do not anticipate that any additional information will be required,” stated Karl Boltz, CEO of Silver Spruce.
Bacanora CEO Peter Secker said: “We believe that senior debt facilities of this size have been few and far between in the junior resource space in recent years. Furthermore, we consider that the costs and terms of the Facility are highly competitive when compared to other debt packages that have recently been reported for greenfield lithium projects in Canada and Australia. We view the debt facility with RK as a vote of confidence in Sonora’s credentials by a leading specialist debt provider in the resource sector. “
Fresnillo plc informó que mientras algunos de sus competidores han descuidado las actividades de exploración, mantiene la estrategia de expandir activamente las suyas, al tiempo que su equipo de cerca de 100 geólogos le ha permitido obtener grandes avances en sus recursos.
Azures Managing Director, Mr Tony Rovira, commented: This initial Oposura Mineral Resource is a very positive outcome for the Companys development and production strategy. Containing over 220,000 tonnes of zinc and lead and 1.6 million ounces of silver in near-surface, high-grade mineralised zones, Oposura is presenting a strong case for mine development.”
The Company intends to use the net proceeds of the Offering for continued drilling, geological, engineering and metallurgical investigations and associated consulting services on its Manto Negro Copper Project located in Coahuila State, Mexico.
Doug Fulcher, CE0 and President of the Company noted The recent results from the geochemical, geophysical, and geological programs are more encouraging than expected. We look forward to compiling all the data to focus on the 4,000 meter drilling program to test coincidental targets.
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