Kootenay Silver Inc. is pleased to announce that it has entered into an agreement with Research Capital Corporation, as the lead agent and sole bookrunner, on behalf of a syndicate of agents, including Red Cloud Securities Inc. in connection with a best efforts, private placement of units of the Company at a price of $0.10 per Unit for gross proceeds of up to $4,000,000.
Sierra Metals Inc. announced today that a special committee comprised of its independent directors has initiated a process to evaluate and consider the Company’s current financial and liquidity position, operational challenges and possible financing and restructuring alternatives that may be available to the Company.
“We see the addition of the Eagle concession as a clear path to greatly increasing the value of our Los Ricos South project, as it is the same structure extending from our previously drilled Main zone onto the Eagle. As part of our due diligence we completed mapping, geophysics and drilling that strongly linked the geophysical anomaly to the high grade intercepts.”
Capstone Copper Corp. announced that today there was a security incident near its Cozamin mine in Zacatecas, Mexico. An employee was shot and fatally wounded on the main access road between the city of Zacatecas and the mine.
Pantera Silver Corp. announces a non-brokered private placement of up to 3,400,000 Units at a price of $0.15 CAD per unit for gross proceeds of up to $510,000.00 CAD.
Wayne Corso, Santacruz’s COO stated, “During the third quarter we saw strong performance from the Zimapan and Bolivar mines, as well as our San Lucas trading Company. The Zimapan mine has continued to increase total ore production while maintaining head grade, whilst at our Bolivian operations, the Bolivar mine impacted total silver production with significantly increased production from lower levels of the high grade Pomabamba and Bolivar Norte veins.”
GR Silver Mining Chairman and CEO, Eric Zaunscherb commented, “With each new drill hole, the Company’s understanding of the controls on mineralization in the new SE Area, as well as its size and geometry, increase. The systematic approach capturing geochemical, geophysical, and geological data at surface, is informing shallow drilling (e.g., hole SMSP22-023), which, in turn, guides us at depth (e.g., SMS22-16).”
Payable gold production: 2,972 oz Au; Payable silver production: 11,907 oz Ag; Payable gold equivalent production: 3,103 AuEq oz; Average gold grade: 2.6 g/t Au.
Consolidated Zinc Limited is pleased to announce Industrias Penoles S.A. de C.V. has exercised its option to purchase 100% of the zinc concentrates produced by Minera Latin American Zinc SAPI de CV at Plomosas, for the period 1 January 2023 to 31 December 2023.
Thomas A. Doyle, President and CEO stated “This extension will give Alamos the time to understand the very complex geology of the Los Venados Project. I remain confident that Alamos, with their geological knowledge and infrastructure in the area, is best suited to further the exploration on the Los Venados Project.”
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