Regarding the drill program, Dr. Craig Gibson, President and CEO of the Company, said: “We are pleased to be able to conduct our program to drill holes to intersect the Palos Verdes vein at significantly deeper levels than in the previous drilling campaigns. We will be able to test the vein several hundred meters underneath the surface exposures with the first hole being underway.”
Akiba Leisman, CEO of Mako states, “Las Conchitas Central has thus far received the least amount of drilling since inception, but in this area, we are still finding similar high grade, shallow dipping, auriferous veins as we have throughout our 188 km2 land package. The importance of LC22-813 is that not only did it intersect 85.1 g/t Au over minable widths, but it was able to connect two zones previously interpreted as separate.”
“We are pleased to increase the capacity and extend the maturity of our credit facilities with a syndicate of supportive lenders. The amended credit agreement represents another key de-risking milestone in the development of the Media Luna Project.”
The recent program of drilling at El Refugio has successfully extended and upgraded confidence both west and now east of the central El Refugio maiden resource area. Drilling continually intercepts high-grade mining widths as we progress work in this important part of the Copalquin Mining District.”
Canuc Resources Corporation is pleased to announce the closing of a non-brokered Private Placement for gross proceeds of $270,000 CAD.
“Drilling continues to expand the Brazo Discovery, and we are awaiting results for eight more holes from the Phase II program,” said Mike Romanik, president of Silver Dollar. “We have paused further drilling until we receive the balance of the Phase II results, and the drill rig has been left onsite as we plan our next phase of exploration.”
Newmont Corporation has announced Peter Toth as Chief Strategy and Sustainability Officer following the retirement of Chief Sustainability & External Affairs Officer Stephen Gottesfeld after 25 years of dedicated service to the Company.
Prime Mining Corp. announces the appointment of Mr. Scott Hicks as Executive Vice President. Among other responsibilities, Mr. Hicks will assume day-to-day charge over the Company’s marketing, communications and business development activities.
Fortuna Silver Mines Inc. announces the voluntary resignation of Paul Criddle from the position of Chief Operating Officer – West Africa effective September 30, 2022.
“The closing of this acquisition marks an crucial milestone in Orla’s journey in turning right into a growth-oriented, low-cost, mid-tier gold producer,” said Jason Simpson, President and Chief Govt Officer of Orla Mining.
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