Pinnacle Signs Letter of Intent for Option to Acquire High-Grade Gold-Silver Project in Sierra Madre Trend of Mexico

“We are extremely pleased to have the opportunity to develop and explore the El Potrero Property,” stated Robert Archer, Pinnacle President & CEO. “It is centered in a well-mineralized district and has had high-grade historic production of its own, yet the four-kilometre strike length of the vein system has not been drilled or systematically explored by modern methods. Average gold and silver grades are reported to be in the range of 10.3 g/t gold equivalent or 845 g/t silver equivalent.”

Golden Goliath Sells Mexican Exploration Assets

Golden Goliath CEO Paul Sorbara said, “Golden Goliath is focussed on the exploration of its two 100% owned gold properties in Ontario; Wish Ore, near Sault Ste Marie, and our Dixie Road project, located just south of the Kinross Great Bear deposit south of Red Lake. Golden Goliath also has four REE projects in Quebec. We are reducing carrying costs and gaining working capital by divesting of our assets in Mexico.”

Heliostar Hits 16m Grading 16.7 g/t Gold in New Zone with Step-Out Drilling at Ana Paula

Heliostar CEO, Charles Funk, commented, “We took our most aggressive step-out shots with the first holes of the 2024 program at Ana Paula. The results show two critical points about Ana Paula. First, we believe the High Grade Panel can be expanded by over 115m down plunge. Second, that new zones of gold could be identified surrounding the main panel.”

Mithril – $12.5m Placement – Exploration Shifts To High-Gear

“We are very pleased with Jupiter Gold and Silver and the 1832 Funds’ continued support and welcome several new high-quality Australian and global funds to the register. The funding allows Mithril to considerably expand drilling at Copalquin with additional drill capacity and open up the district for more rapid advancement of exploration work.”

Guanajuato Silver Confirms Details of Private Placement Financing

Guanajuato Silver Company Ltd., a rapidly growing Mexican precious metals producer, announces that the final tabulation for the recently announced non-brokered private placement is a total of 35,918,000 units at a price of $0.24 per Unit for gross proceeds of C$8,620,320.

Southern Silver Provides Corporate Update

Southern Silver Exploration Corp. reports that all resolutions as set out in the Company’s notice of meeting and information circular were passed by the requisite majority of shareholders at its annual general meeting held on October 23, 2024.

Goldgroup Provides Cerro Prieto Mine Progress Update towards Doubling Production Capacity Targeting 25,000+ Gold Ounces Annually

Goldgroup CEO, Ralph Shearing, commented, “Goldgroup has made significant progress toward doubling Cerro Prieto’s production. Should we achieve the increased recoveries obtained in our most recent metallurgical testing during expanded production upon completing crushing improvements, the project will no doubt see a significant increase in gold production and therefore, expected cash flows.”

Kingsmen Resources Announces $1 Million Private Placement

KINGSMEN RESOURCES LTD. announces that further to a price reservation filed on October 21, 2024 the Company has arranged a non-brokered private placement financing of up to 4,000,000 units at a price of $0.25 per Unit, to raise up to $1,000,000.

MAG Announces Third Quarter 2024 Production from Juanicipio

“The third quarter continued to validate the strength and quality of the operations at Juanicipio,” said George Paspalas, MAG Silver’s President and CEO. “We are delighted to report another quarter of exceptional production results from Juanicipio. Strong production numbers, coupled with consistent operational improvements validate the quality of this world-class asset and we are excited about the growth and long-term success that lies ahead.”

All News