Alexander Langer, Sierra Madre CEO, states “We are excited to be nearing the closing of this transformational acquisition of a fully permitted mine and mill and advance towards our goal of becoming a mid-tier precious metals producer. Upon closing of the Transaction, Sierra Madre will hold three exciting precious metal properties in Mexico – La Guitarra, Tepic and La Tigra.”
Bruce Smith, President and CEO, comments: “Tropico has every indication for the potential to make a great discovery. Located within sight of Fresnillo, the worlds largest epithermal silver deposit, within the same host rocks. Our team have located and secured a gold rich breccia pipe of significant scale, rimmed by sinter and yet to be drill tested.”
Colibri Resource Corporation provides additional details of terms to acquire the Plomo Gold Project and further background as a follow up to its release of March 16, 2023.
As of December 31, 2022, the San Jose Mine has Proven and Probable Mineral Reserves of 2.1 Mt containing 11.8 Moz Ag and 80 koz Au, in addition to Inferred Resources of 2.5 Mt containing a further 9.6 Moz Ag and 67 koz Au.
“The decision to temporarily suspend mining activities at Jerritt Canyon, which represented approximately 21% of the Company’s 2022 revenue, was driven by our goal to produce profitable ounces across the Company,” stated Keith Neumeyer, President and CEO.
Pursuant to the Share Repurchase, the Company has the ability to repurchase up to 5,000,000 common shares of the Company which represents approximately 1.83% of the 274,479,942 issued and outstanding shares of the Company as of March 10, 2023.
Aloro Mining Corp. is pleased to announce a non-brokered private placement financing of up to 10,000,000 units of the Company at a price of $0.05 per Unit for gross aggregate proceeds of up to $500,000.
“A key focus for this year’s ongoing, fully funded 90,000 metre drill campaign is to explore high-priority targets proximal to the main resource centres in the western portion of the Panuco District,” commented Michael Konnert, President and CEO.
Alberto Orozco, Capitan Silver’s CEO, stated “We are making great progress at our Cruz de Plata Project. While it is early days, we are quite delighted by the robust nature of the silver system that runs through our property and quite excited about the un-drilled potential at the project.”
Warren M. Rehn, Golden’s President and Chief Executive Officer, commented, “We are very pleased to announce the first mineral resource ever reported for the Yoquivo district. At 570 g/t silver equivalent, this is an exceptionally high-grade initial Mineral Resource estimate. We believe there is excellent potential for Yoquivo to ultimately develop into a producing property.”
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