Duane Poliquin, Chair of Almaden, stated, “We filed this complaint with the Federal Administrative Court back in March and despite the long delay we are encouraged that we may finally have the opportunity to explain why we believe the Economia Submission is a seriously flawed document.”
Bear Creek Mining Corporation announces that it is providing an update regarding the convertible promissory note intended to be issued to defer a US$25 million current liability originally payable to a wholly-owned subsidiary of Equinox Gold Corp. and is issuing an amendment to its management information circular dated August 9, 2023.
“Our regional program also continues to highlight the long-term potential in the Mulatos District. Following up on our initial success at Capulin earlier this year, step-out drilling has confirmed the significant potential in the area, returning the best hole to date. Mulatos has a long history of Mineral Reserve replacement through the discovery of a number of high-return deposits within the District.”
Greg McKenzie, President & CEO of Golden Tag said “We are initiating the name change to better reflect the Company’s strategic goal to become a Latin American focused silver producer. The Company’s recently completed acquisition of the La Parrilla Silver Mine Complex located in Durango, Mexico, is the first step in this process. With the potential of La Parrilla, management sees great opportunities to build shareholder value driven by a highly focused silver company successfully branded and marketed as ‘Silver Storm’.”
Chief Executive Officer of Vortex Metals Vikas Ranjan emphasized the significance of Phase 1 completion, stating: “The results of our finalized geological field program are very promising and mark a crucial milestone in the company’s timeline. Data gathered from the now-complete Phase 1 will be instrumental in shaping future drilling initiatives, which we believe could ultimately lead us to the discovery of substantial VMS structures.”
“We are thrilled to have Mr. Rehman join the Monumental Board. His experience and expertise in capital markets and management adds significant depth to the company. We look forward to the knowledge and guidance that Mr. Rehman brings in defining our strategy and future of Monumental Minerals.”
Under this second tranche, the Company has issued 200 Units for gross proceeds of US$200,000. Combined with a first tranche of 487 Units which closed on August 1, 2023, the Company has issued an aggregate of 687 Units for gross proceeds of US$687,000.
Glenn Jessome, President and CEO, stated: “I would like to thank our technical team and our external consultants for delivering this positive Mineral Resource Estimate. The discovery of the Shale and Sulphide Zones, increased tonnage in the Veins and further delineation of the Open Pit has greatly increased the Mineral Resource and grade since our last published Technical Report.”
“We are very pleased with the work completed by our consultants and our technical team on the Mineral Resource and PEA for Los Ricos South. The projected cash flows are very substantial, especially when combined with our Los Ricos North PEA that was completed in March of this year. With an NPV of US$458M at LRS and US$413M at LRN, we now have a total NPV of US$871M in our Los Ricos district.”
Prime Mining Corp. Chief Executive Officer Daniel Kunz commented, “These drill results at Los Reyes further demonstrate potential for expansion of the current resource inventoried in our May 2023 MRE. Specifically, we are very encouraged by the results at the southern part of the Z-T Zone where hole 23TA-71, coupled with previously released holes 67 and 69, is extending the resource envelope over 200 m below the MRE boundary – more than 100% increase in vertical extent.”
Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.
Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
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The DOF is the organ of the Constitutional Government of the United Mexican States, which has the function of publishing in the national territory, to so that they are properly observed and applied in their respective areas of competence.
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