Using 74% (Plomosas Mine Area) as the silver recovery rate instead of 94% (San Marcial Area) in the denominator of the Ag Eq calculation, while using 94% recovery rate in the numerator, mistakenly resulted in increasing the Ag Eq grade and, consequently, in the Ag Eq ounces for the San Marcial Area.
Silver Tiger’s CEO, Glenn Jessome, stated, “The Sulphide Zone is alive and wide to the South. We originally thought the Sulphide Zone was thinning after the initial few holes going south. We were wrong. The team saw the geometry at the northern end of the Sulphide Zone forming and projected that to the southern end and drilled to intersect down deeper and east along plan and the first two Holes 455 and 457 nailed it.”
“We are very excited that Sun River now has the most important permit in hand so that ground preparation work can finally begin on our Tailings Project in El Oro,” says Joanne Freeze, President and CEO of Xali Gold.
Angel Wing Metals Inc. announces it has completed its previously announced non-brokered private placement for 23,635,000 common share units of the Company at a price of C$0.11 for total gross proceeds of C$2,599,850.
Greg Smith, President & CEO of Equinox Gold, commented: “Equinox Gold’s 2022 ESG Report summarizes our responsible mining commitments and management approach to key ESG issues. We also published our inaugural Climate Action Report in February and expect to publish our first Water Stewardship Report later this year.”
Radius Gold Inc. provides an update on the application process for the Amalia 4 mining concession and announces it has filed a legal demand with a Federal Mexican Court to obtain title to the Amalia 4 concession.
Mr. John Antwi, President and CEO of Bendito, commented “The drill intercepts at the San Simón target highlight the southeastern extension that we have identified in our Phase 1 drilling. We are potentially encountering a very large near-surface mineralized system, that is oxidized and heap leachable. Our focus will remain on Alacran to add near-term value to shareholders”.
Commenting on the MRE, CEO Richard Lock stated: “This mineral resource estimate represents a key milestone for the Company and the culmination of extensive legal property work and geological investigation and analysis. We are very pleased with the results, which confirm our belief that we have a substantial resource at Santo Tomas that is exposed at or near surface and has robust potential to support a large, low-cost open-pit mining operation.”
Tarachi Gold Corp. is pleased to announce that, further to its news release dated January 26, 2023, it has signed a definitive agreement dated May 2, 2023 with Compañia Minera de Atocha S.A. de C.V. for the sale of the Company’s Magistral Project in Mexico.
Sonoro Gold Corp. is pleased to announce that it will undertake a non-brokered private placement offering consisting of up to 30,000,000 units at a price of C$0.10 per Unit, for gross proceeds of up to C$3,000,000.
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