The Company announced in June that it intends to restart mining operations at its Velardeña Properties, pending obtaining sufficient financing, which is still in progress. Velardeña is a silver-gold underground mine property located in Durango State, Mexico that Golden last operated in late 2015.
Heliostar CEO, Charles Funk, commented, “Drilling at Ana Paula continues to exceed our expectations and deliver impressive gold intercepts. The headline hole, AP-23-300, is a 480% increase to the current resource model prediction, at a >5 g/t gold cut-off grade.”
Osisko Development Corp. is pleased to report its financial and operating results for the three months ended June 30, 2023.
Aztec Minerals Corp. announces that it intends to complete a non-brokered private placement of up to 4,444,444 units at a price of CAD$0.225 per Unit for gross proceeds of up to CAD$1,000,000.
Recently, Fortune Bay has been undertaking a detailed review of its 100% owned Ixhuatán Project (“Ixhuatán”) located in Chiapas State, Mexico. Located in a highly favourable geological setting that parallels most of the giant porphyry systems worldwide, the project offers multiple exploration and development opportunities.
The proceeds from the private transaction enhance VVC’s overall financial position. Management intends to accelerate its U.S. helium and natural gas programs, as well as to continue development of its copper property in Mexico.
First Majestic Silver Corp. is pleased to announce the unaudited interim consolidated financial results of the Company for the second quarter ended June 30, 2023.
Commander Resources Ltd. announces that it plans to complete a non-brokered private placement of up to $600,000.
“With the exception of El Oro, we are no longer incurring any costs to maintain exploration assets in Mexico. This includes the El Dorado property, which while still of interest, has taken too long to receive drill permits and the Company can no longer justify the holding costs.”
Heliostar CEO, Charles Funk, commented, “We are quickly advancing the re-scoping of Ana Paula towards an underground mine. The High Grade Panel is shallow and wide with a favourable orientation for productive underground mining. The Company is refining three scenarios to choose the approach that maximises the profitability of mining and shortens the timeline to production.”
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