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.
“Our drilling campaign at the Eagle deposit continues to provide us with excellent results, including the exceptional hole 162 which is one of the best holes drilled to date within the Los Ricos district. This hole exemplifies why we believe so strongly in this deposit with very wide, high grade intersections exceeding a kilo and a half of silver equivalent over 31 metres. We continue to intersect exceptional metal values with the drill bit at the Eagle deposit within Los Ricos South,” said Brad Langille, President and CEO.
John MacKenzie, CEO of Capstone, commented, “We are pleased to report that construction at our transformational Mantoverde Development Project remains on-time and on-budget, with nearly 3 million tonnes of sulphide ore stockpiled to date ahead of our ramp-up commencing late this year. Furthermore, despite a challenging Q1 2023 marked by heavy rainfall at our Pinto Valley mine in Arizona, we are re-iterating our 2023 production, cost, and capital outlook.”
Defiance Silver Corp. is pleased to announce the appointment of Oleg Shcherbyna as Chief Financial Officer and Lisa Thompson as corporate secretary, effective immediately.
“These new drill hole results both extend the 902 zone and confirm that there are multiple zones of higher grade within the limestone and skarn, which align with surrounding porphyry intrusives and epithermal veins,” said Christopher Emerson, Pan American’s Vice President Exploration and Geology. “We have now drilled over 20 holes into this area, which remains open to the west and northwest. The 2023 infill and exploration program of 28,000 metres from surface and underground drilling stations is currently underway.”
Greg Smith, President and CEO of Equinox Gold, commented: “Equinox Gold had a good start to the year, in terms of both development and operations.”
Jody Kuzenko, President & CEO of Torex, stated: “With a full year of execution now behind us and 21 months remaining, the Media Luna Project continues to track to overall schedule and budget. At quarter-end, the project was 24% complete across engineering, procurement, underground development, and surface construction.”
Hecla Mining Company announced today that President and CEO Phillips S. Baker, Jr. received this year’s Selwyn Blaylock Canadian Mining Excellence Award. The award, given by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), recognizes an individual who has demonstrated distinguished service to Canada through exceptional achievement in mining, metallurgy, or geology.
Contrary to inaccurate and misleading characterizations in the ARC Proposal which were put forward at a time of critical strategic importance, in the last two months alone Sierra Metals has announced several initiatives that provide evidence of positive operating momentum, improved financial flexibility and a strong commitment to a culture of safety.
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