Ranchero Gold Corp. is pleased to announce that further to its press release of August 21, 2024 the Company has closed the sale of its wholly-owned subsidiary Minera y Metalurgia Paika, S.A. de C.V. to an arm’s length party purchaser.
Proven and probable mineral reserves are estimated to contain approximately 468.0 million ounces of silver and 6.9 million ounces of gold. Measured and indicated mineral resources (excluding proven and probable reserves) are estimated to total approximately 1,148.0 million ounces of silver and 15.5 million ounces of gold.
Sonoro Gold Corp. announces a fully committed, non-brokered private placement offering consisting of 14,000,000 units at a price of C$0.05 per Unit, for gross proceeds of C$700,000.
“We are pleased with how quickly our area of interest is expanding and the added confidence we are gaining with each progression of Gran Pilar” commented Brodie Sutherland, CEO.
“We announced the agreement with Fortuna Mining in March and have spent the past six months incorporating the results from a recent airborne magnetic survey and extensive geochemistry and mapping into our past project databases and have designed an initial drill program to test three of the highly prospective targets for the project.”
First Majestic Silver Corp. announces that the Toronto Stock Exchange has accepted for filing First Majestic’s Notice of Intention to Make a Normal Course Issuer Bid to be transacted through the facilities of the TSX and/or through Canadian alternative trading systems.
“We are proud to receive this prestigious recognition which is a testament to our focus on operating a sustainable business model that can support growing returns to all of our stakeholders over the long-term,” said John A. McCluskey, President and Chief Executive Officer.
“In the DFS, the Company has opted for an underground bulk mine taking advantage of the large widths of mineralization within the deposit. We have been able to re-engineer a 2,000 tonne per day mine plan for at least 12 years of underground mining using the longitudinal sub-level long-hole mining method,” said Brad Langille, President and CEO.
Alamos Gold Inc. today announced the appointment of Tony Giardini to its Board of Directors. Additionally, Scott K. Parsons has been appointed Senior Vice President, Corporate Development and Investor Relations, and Khalid Elhaj has been appointed Vice President, Business Development and Investor Relations.
Heliostar CEO, Charles Funk, commented, “This financing is a significant advancement for Heliostar and our shareholders. These facilities demonstrate the power of production as we were able to secure debt financing at significantly more favourable rates than previously contemplated in the gold-linked letter of intent for Ana Paula.”
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