Canasil Resources Inc. (Feb 28, 2025) appointed Gary Nordin as Director (experienced geologist, former VP Exploration) and David Cross (CPA, CGA with 28+ years in junior mining finance) as CFO. Previous directors Michael McInnis and Arthur Freeze, and CFO Kerry Spong departed. Company remains under cease trade order.
“We are excited about the acquisition of the Sarape Project, which has potential to be very similar to SilverCrest’s Las Chispas deposit and other robust deposits in Mexico and offers asymmetric upside potential for the discovery of silver and gold mineralization at depth,” stated Joanne Freeze, CEO of Xali Gold.
Heliostar Metals Ltd. reported Q4 2024 results post-acquisition of Mexican gold assets: produced 5,429 oz gold, cash costs US$1,241/GEO, AISC US$1,477/GEO. Generated C$9.5M cash flow, repaid debt, recognized C$90.5M gain. Restarted mining at La Colorada; high-grade drilling at Ana Paula. 2025 guidance: 31,000–41,000 GEOs.
Defiance Silver Corp. (Feb 28, 2025) engaged Capital Analytica for investor relations ($120K/6 months, starting Mar 1; TSXV approval pending). Granted 2.89M stock options, DSUs, PSUs, RSUs to directors/employees. Issued 33,448 shares to settle $7,980 debt for prior services.
“I am delighted to announce Empress achieved record revenue of US$8M in 2024,” stated Alexandra Woodyer Sherron, CEO of Empress Royalty.
Richard Simpson, Vice President Exploration of Mammoth Resources commented on the small-scale gold production opportunity, stating: “When we learned of the 200 tonne per day mill being built only 16 kilometres from Tenoriba, we immediately began thinking there might be an opportunity to process some surface and shallow depth gold-silver mineralized material from Tenoriba at this facility.”
“With our widest high-grade silver intercept to date, we believe significant additional mineralization remains to be discovered as we continue to drill along strike at the Promontorio Vein Zone,” stated Darrell Rader, President and CEO, “These results validate historic reports of substantial vein widths mined across a number of the 26 vein zones on the Alamos project and will be incorporated into our upcoming maiden resource estimate.”
Together with proceeds from the first tranche, the Company has raised aggregate gross proceeds of $1,112,735.
“This purchase is a testament to the success of our exploration discovery at Naranjillo,” commented Letitia Wong, Plata Latina’s President and CEO. “The cash brought in from this deal strengthens our balance sheet and greatly improves our competitiveness as we are actively seeking strategic growth opportunities.”
“We are excited to see our projects advancing, both through partnerships and our own exploration efforts,” commented John-Mark Staude, CEO of Riverside Resources. “As we attend PDAC in Toronto, we look forward to meeting with industry peers and showcasing our portfolio of gold, copper, silver and rare earth projects.”
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