At the Meeting, all director nominees listed in the Companys management information circular dated May 10, 2018, were elected as directors of the Company.
Aura Silver Resources (TSX-V:AUU) announces that it intends to extend the expiry date of 3,500,000 warrants from July 9, 2018 to July 9, 2020. These warrants are held by arms length investors and were originally issued in a non-brokered private placement that closed on July 9, 2015. The exercise price of these warrants remains unchanged at $0.05.
In response to commitments from several investors to purchase securities of the Company in the aggregate amount of $6.5 million, the Company has decided to increase the size of the Offering to a maximum amount of $8 million and to amend the terms of the units of the Company to be sold under the Offering. The Offering will now consist of the sale of up to 53,333,333 Units at a price of $0.15 per Unit. The size of the Offering may be further increased at the discretion of the Company due to market demand.
Hundreds of feet below thick boreal forest blanketing the Canadian Shield, a squad of near-silent, battery-powered machines are tunneling toward gold in a multimillion-dollar mining experiment to ditch diesel.
P. Randy Reifel, states, ‘Although early stage, the Phase 1 drill campaign has confirmed that Yarely has the potential to be a diversified mineralized camp with district scale prospects. Drilling discovered a blind porphyry system from the geophysical survey at Loretos. A high grade silver-gold vein field and ore grade zinc-gold skarn-hosted mineralization have been identified at Central and Lucy. The geological and geophysical work to date suggests Yarely could host several porphyry type targets which would be the first known in this region of the country. We continue to be excited as Sundae, Yazmin and Los Mimbres are being advanced to the drill stage. As well, ongoing regional reconnaissance has generated new prospective targets in the camp.’
Dan O’Flaherty, President and CEO of Maverix, commented, “We are pleased to be working with CIBC and NBF and appreciate the support and confidence they have shown in our business model. The expected increase in our operating cash flows, coupled with this facility, should provide Maverix with greater financial flexibility and capacity to continue to grow our precious metals royalty and streaming portfolio.”
Solaris Copper will hold a 100% interest in the resource-bearing Warintza copper-molybdenum project in Ecuador, a 60% interest in the La Verde preliminary economic assessment stage copper-silver-gold project in Mexico, a 100% interest in the Ricardo early-stage copper property in Chile, has negotiated earn-in agreements for two early-stage copper prospects in Peru, and is continuing to evaluate additional properties that fit the portfolio. Collectively, the projects host 3.7 billion pounds of copper in the measured and indicated category with an additional 4.6 billion pounds of copper in the inferred category, with significant exploration potential at all of the projects.
We are excited to be drilling at Miguel Auza for the first time since 2010 on what we believe is an under-explored part of the northern Fresnillo silver trend, one of the richest silver belts in the world, stated Ben Pullinger, Senior Vice President Geology. Our recent exploration has encountered strong indicators at surface that suggest we are above the productive part of an epithermal system. This drill program is intended to test mineralized veins and structural targets for the deeper mineralized shoots typical of this prolific belt.
Taj Singh, P.Eng, President & CEO states, The third and final batch of channel samples from our detailed mapping and sampling program at Zaragoza were impressive, and continue to increase our confidence in the tenor and scale of carbonate replacement mineralization at Puerto Rico. The results will be instrumental in understanding the system locally at Zaragoza and regionally at the Project. In addition, the results will help develop targets for our maiden drill program at the Project, planned for Q3. We look forward to receiving results from the San Jose and Puerto Rico mines in short order, both of which possess a larger footprint and vertical extent than Zaragoza.
Shareholders voted in favour of all items proposed by the Board of Directors and management.
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