Pursuant to the Private Placement, the Company issued 5,700,000 common shares at a price of $0.10 per share, for aggregate gross proceeds of $570,000, which are being allocated to existing working capital and capex needs of the Company.
GR Silver Mining Chair and CEO, Eric Zaunscherb comments “As we close off the San Marcial database for the resource estimation scheduled this quarter, we are excited by the potential contribution of the new SE Area discovery.”
Sierra Metals Inc. announced today the departure of Mr. Ed Guimaraes, the Chief Financial Officer of the Company, and the appointment of Mr. José Fernández-Baca as Interim CFO.
“2022 was a defining year for Orla as we made the successful transition from developer to producer,” said Jason Simpson, President and Chief Executive Officer of Orla.
Chris Wright, Chairman & CEO, commented: “We want to thank Minera Tepal for their continued support and partnership as we advance the Tepal project. With approximately $10 million of cash in the bank, Defiance is well-funded and we plan on continuing to advance our projects in 2023, including exploration and definition drilling in Zacatecas.”
“Joe brings many years of experience in securities law, capital markets and the mining and exploration industry which we look forward to drawing upon as we advance our high-grade Columba discovery and resource projects.”
“With our strongest performance of the year coming in the fourth quarter, including record production, we met full year 2022 production guidance. We also expect to meet cost guidance with a significant decrease in costs in the second half of the year driven by the ramp up of low-cost production from La Yaqui Grande.”
Sailfish Royalty Corp. is pleased to announce the results from the recent exploration work conducted on the Company’s 100% owned Gavilanes Silver Project located approximately 31 kilometers away from First Majestic’s San Dimas operation in Durango State, Mexico.
Silver Viper’s President and CEO Steve Cope states, “The ongoing exploration program is showing the potential to host significant mineralization at many locations within the Property. We look forward to testing a number of the preferred targets with the anticipation that additional discoveries will materialize”.
Silver Tiger’s CEO, Glenn Jessome, stated, “Our drilling continues to intercept wide high grade silver values in the Shale Horizon around the various quartz veins at El Tigre. These results in the Shale Horizon at the Seitz Kelly Vein are approximately 2 kilometers south of the Shale Horizon intercepts at the Benjamin Vein reported in the Company’s last press release in mid-November.”
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