“Impressive drill results continue to come in for the Eagle,” said Brad Langille, President and CEO. “We expect these holes, along with our previously released drilling results, will provide a very positive impact when we update our Mineral Resource Estimate and Preliminary Economic Assessment at Los Ricos South later this year. “
“Infinitum is pleased to announce receipt of the cash and share component of the Hot Breccia transaction from Prismo metals. The successful closing of this transaction now allows Infinitum to focus on its high-grade district scale La Adelita project in Sonora, Mexico.”
“In expectation of the decrease in production, we are reducing costs temporarily to return to our strategy of producing profitable ounces day by day,” stated Salvador Garcia, Chief Operating Officer of the Company.
Peter Hawley, President and CEO comments; “The planned use of the proceeds of the Private Placement included definition drilling on the Santa Maria Project. Current investment interest allowed either for making required property payments under the Santa Maria Option Agreement or putting the money in the ground by drilling, not both.”
Greg Smith, President and CEO of Equinox Gold, commented: “Equinox Gold finished 2022 with its strongest quarter of production at the lowest costs for the year, bringing full-year production to 532,319 ounces of gold at all-in sustaining costs of $1,622 per ounce. We made significant progress at our assets in 2022, achieving commercial production at Santa Luz, advancing permitting for expansions at both Aurizona and Castle Mountain, completing the Los Filos expansion study and advancing the Greenstone project to 65% complete at year end and over 70% complete today.”
“We continue to have broad based success with our exploration programs having more than replaced what we have mined to drive an increase in our global Mineral Reserves for the fourth consecutive year. Over this time frame, our global Mineral Reserves have increased 8% with grades also increasing 8% as we continue to improve the quality of our Reserve base through higher grade additions at Island Gold and Mulatos.”
The program has achieved its objectives of replacing some specific areas where zero values were adopted in the previous resource estimation, but also, more importantly, defining the presence of high-grade gold and silver zones which form part of a distinct mineralizing event, hosted within the same structure as well as the footwall and hanging wall of the Plomosas Breccia.
“2022 was an exciting year of exploration and growth at Panuco,” commented Michael Konnert, President & CEO. “In March of 2022, we published our initial mineral resource estimate centered on the western portion of the Panuco district. We then continued our aggressive exploration campaign, which included over 121,000 metres of new diamond drilling, culminating in an updated resource estimate released in January 2023.”
Orogen Royalties Inc. announces that the Board of Directors have authorized a grant of 156,000 Restricted Share Units 156,000, Deferred Share Units and 238,000 Stock Options to independent board members.
GR Silver Mining Ltd. is pleased to announce it has increased and closed its non-brokered private placement initially announced on January 31, 2023. Under the Offering, the Company has issued 30,300,000 units for gross proceeds of $3,030,000.
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