“We are looking forward to be able to construct trenches across mineralized structures in our ongoing program for target generation, and to subsequently drill test the mineralized structures”.
“We believe gold and silver will begin a significant and sustained multi-year rally in 2023 and we are working to maximize our shareholders’ exposure to it by advancing our portfolio of potential tier one gold and silver projects. Our robust pipeline of district-scale projects offers investors a single company alternative to a basket of junior explorers,” stated Darrell Rader, President and CEO of Minaurum Gold.
Based on a preliminary analysis, the required adjustments are non-cash and primarily relate to the timing and recognition of net deferred tax assets at the 70%-owned LGJV. The Company believes that the net effect of these adjustments would decrease by approximately $4 to $6[1] million its reported net income of $18.3 million for the nine months ended September 30, 2022.
Oroco Resource Corp. is pleased to announce the grant of 450,000 incentive stock options to Richard Lock, CEO and Director of the Company.
Ian McGavney, COO of Colibri commented,“We continue to be enthusiastic about the Plomo acquisition and the potential for discovery on the combined Evelyn-Plomo (“EP”) property holdings. By combining and interpreting the respective data sets we have significantly advanced our geological understanding and our exploration model.”
“The first 26 drill holes in the newly discovered Sulphide Zone indicate wide zones of high-grade mineralization varying from 10 meters up to 50 meters with grades from 300 grams per ton to over 1 kilogram per ton silver equivalent. This adds the potential for underground bulk tonnage at exceptional grades.”
Warren M. Rehn, Golden’s President and Chief Executive Officer, commented, “Recently improved and updated terms for the purchase of our gold-rich pyrite concentrates allow us to consider moving forward with the re-opening of the Velardeña Properties’ mines without the need to build the BIOX plant, as we had previously planned.”
“We are thrilled to have completed this transformative acquisition that provides IMPACT with production in a second mining district, bringing with it both production growth and exploration upside to the Company going forward. Plomosas is a unique and fully permitted operation built on a large mineral system with global tier one historic grades at 13%+ zinc providing exceptional potential to both upgrade and expand its current level of operations.”
Aloro Mining Corp. is pleased to announce that it has contracted Francisco A. Lopez as Project Geologist for the Quitovac Gold Mine Project (Quitovac) in Sonora, Mexico. Quitovac is located in the prolific Mojave-Sonora Megashear.
“We are very pleased to see such consistent and high-grade gold results emerge from our first detailed sampling program at Pavitos,” said Dr. Craig Gibson, President and CEO of the Company.
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