Orex’s President & CEO, Ben Whiting, P.Geo., said; “This is a positive step in the advancement of the Coneto Project. An understanding of the alteration of host rocks, due to hydrothermal fluid flow, is important for identifying feeder systems for the gold and silver mineralization.”
“The decision to open our own mint was made to ensure our bullion store has adequate supplies in order to fulfill customers demand,” stated Keith Neumeyer, President & CEO. “Last year, we sold over 440,000 ounces of silver bullion, generating over $11 million in revenue.”
Gregory K. Liller, Executive Chairman and Chief Operating Officer commented, “Since acquiring the La Guitarra property in March 2023, we have completed the first-ever district-wide mapping exercise of the Temascaltepec mining district. The data will provide valuable information as we work on interpreting the controls on mineralization, advance our understanding of project-scale systems and plan future drill programs in the Eastern and Western districts.”
Duane Poliquin, Chair of Almaden, stated, “We filed this complaint with the Federal Administrative Court back in March and despite the long delay we are encouraged that we may finally have the opportunity to explain why we believe the Economia Submission is a seriously flawed document.”
Bear Creek Mining Corporation announces that it is providing an update regarding the convertible promissory note intended to be issued to defer a US$25 million current liability originally payable to a wholly-owned subsidiary of Equinox Gold Corp. and is issuing an amendment to its management information circular dated August 9, 2023.
“Our regional program also continues to highlight the long-term potential in the Mulatos District. Following up on our initial success at Capulin earlier this year, step-out drilling has confirmed the significant potential in the area, returning the best hole to date. Mulatos has a long history of Mineral Reserve replacement through the discovery of a number of high-return deposits within the District.”
Greg McKenzie, President & CEO of Golden Tag said “We are initiating the name change to better reflect the Company’s strategic goal to become a Latin American focused silver producer. The Company’s recently completed acquisition of the La Parrilla Silver Mine Complex located in Durango, Mexico, is the first step in this process. With the potential of La Parrilla, management sees great opportunities to build shareholder value driven by a highly focused silver company successfully branded and marketed as ‘Silver Storm’.”
Chief Executive Officer of Vortex Metals Vikas Ranjan emphasized the significance of Phase 1 completion, stating: “The results of our finalized geological field program are very promising and mark a crucial milestone in the company’s timeline. Data gathered from the now-complete Phase 1 will be instrumental in shaping future drilling initiatives, which we believe could ultimately lead us to the discovery of substantial VMS structures.”
“We are thrilled to have Mr. Rehman join the Monumental Board. His experience and expertise in capital markets and management adds significant depth to the company. We look forward to the knowledge and guidance that Mr. Rehman brings in defining our strategy and future of Monumental Minerals.”
Under this second tranche, the Company has issued 200 Units for gross proceeds of US$200,000. Combined with a first tranche of 487 Units which closed on August 1, 2023, the Company has issued an aggregate of 687 Units for gross proceeds of US$687,000.
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