“We expect to announce expanded resources from both El Limón Sur Deep and Sub-Sill South when year-end 2022 mineral reserves and resources are published in March. Infill drilling planned for 2023 will be aimed at bringing these underground mineral resources into reserves.”
“Argonaut’s focus at this time is our cornerstone asset, the Magino mine in Ontario Canada that will transform the Company to a low-cost, intermediate producer. This agreement allows Argonaut to potentially unlock value in two non-core Mexican assets and provides Argonaut with a very attractive upside for its shareholders,” said Larry Radford, President and CEO of Argonaut Gold.
Heliostar CEO, Charles Funk, commented, “The acquisition of this portfolio transforms Heliostar into a mine development company. This is a significant milestone towards our ultimate transformation into a high-margin gold mining company.”
Prismo Metals Inc. is pleased to announce that the private placement announced earlier today of up to 5,800,000 units at a price of $0.52 per Unit, for maximum aggregate gross proceeds of up to $3,016,000 has been fully allocated.
Prime Mining Corp. is pleased to announce that in connection with its previously announced bought deal private placement, the Company and Desjardins Capital Markets, acting as sole bookrunner and co-lead, on behalf of a syndicate of underwriters co-led by Desjardins Capital Markets and TD Securities Inc. have agreed to increase the size of the previously announced offering from $16,500,000 to $18,300,000.
“The drill program was successful in extending the mineralization to depth below the shallow drill holes completed previously and provided important information on the distribution of metal values,” stated Craig Gibson, President and CEO of the Company.
Kootenay Silver Inc. is excited to announce the appointment of Mr. Dale Brittliffe, P.Geo, to the position of VP Exploration.
“The Napoleon Vein was the first major discovery made by Vizsla at Panuco in 2020.” commented Michael Konnert, President and CEO. “We have now expanded the mineralized footprint to over two and a half kilometres long and outlined an initial Napoleon Area resource of 36 million ounces AgEq Indicated and 17 million ounces AgEq Inferred.”
“We have always viewed El Creston as an extremely valuable asset, given that it is a copper-moly project,” said Robert Eadie, Starcore’s CEO. “We are happy that the report has been updated and we are now able to advance the project and share SRK Consulting’s findings with our shareholders.”
Riverside’s President and CEO, John-Mark Staude, stated: “This transaction adds another quality NSR to our growing royalty portfolio and brings our cash position to more than C$8,000,000, which puts us in a great position to grow our business during 2023-2024.”
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