James Anderson, Chairman and CEO said, “The settlement of these outstanding payments for Shares is very helpful for GSilver’s working capital position as we move to bring all our mining assets back to full production. Furthermore, this debt settlement demonstrates a major vote of confidence on the part of these key members of management and our main mine contractor, who clearly see value in being shareholders of the Company.”
Regency Silver Corp. is pleased to announce that it has entered into an option exercise agreement with Minera Pena Blanca, S.A. de C.V. pursuant to which Minera Pena has agreed to waive the last exploration expenditure of US$250,000 required to exercise the option for a 100% interest in the Dios Padre property in Mexico.
Starcore International Mines Ltd. reports the results of its annual general meeting of shareholders held on October 6, 2022.
J.D. Poliquin, Chairman of Azucar Minerals stated, “These two holes were the first to be drilled into this newly defined alteration target. It is important to remind shareholders that this zone is one of many porphyry targets and centres on the project. We have defined a preliminary resource on the most explored Norte Zone, and we intend to continue our exploration on this project to further unlock the potential of the multiple zones and targets which are yet to be fully tested.”
The Company delivered another consistent production quarter with all mines on target to achieve annual guidance for silver and gold. Gold production of 66,344 ounces, a slight increase of 1.4 percent year-over-year, was mainly driven by contributions of 30,032 ounces from the Lindero Mine and 27,130 ounces from the Yaramoko Mine.
Great Panther Mining Limited announces that on October 4, 2022 , the Supreme Court of British Columbia pronounced an initial order converting the Company’s restructuring proceedings under the Bankruptcy and Insolvency Act ( Canada ) to the more flexible restructuring proceedings under the Companies’ Creditors Arrangement Act.
Orex’s President & CEO, Ben Whiting, P.Geo., states: “The expansion of the silver-bearing host rock units for an additional 1.5 km northwest of Boleras is indicative of a large mineralized system. Locating the controlling structures for higher grade zones is a part of the ongoing exploration.”
“We are excited to have completed the testing phase at Magistral and are very pleased with the results of the SART work,” commented Cameron Tymstra, CEO.
“The publication of our inaugural Sustainability Report marks an important evolutionary milestone for the Company, demonstrating how our long-standing proactive corporate commitment to sustainability, respect, transparency and communication with our stakeholders has been formalized into an ongoing ESG framework for managing and measuring our existing exploration and development programs,” stated George Paspalas, MAG’s President and CEO.
Richard Lock, CEO, commented: “We are very pleased that the drill results continue to expand the North Zone deposit relative to the Gradeshell. In addition, our recent increase in the number of drills from four to six allows us to dedicate two rigs to target the confirmation and expansion of the historical South Zone mineral resource.”
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