Aloro Mining Corp. is pleased to report that Alamos Gold Inc. has informed Aloro, that after a drill rig became available, it has resumed its drill exploration program on the Los Venados claims, Mulatos District, Sonora Mexico.
Three significant gold and silver mineralized structures, Amalia, California and El Cuervo, have been defined by more than 23,000 m of drilling. Across the 3 major structures, mineralization spans over 1,100 m vertically. Mineralization remains open for expansion at each target and multiple targets remain un-tested across the 6 km of structures defined to date.
Zacatecas CEO and Director Bryan Slusarchuk, states, “Jorge has an excellent track record of successfully doing business in Mexico and has also done a great job introducing international sources of capital to various Mexican ventures. He is a promoter of Mexico, through his work within such entities as the Mexican Chamber of Commerce in Hong Kong. We are pleased to welcome Jorge to the Zacatecas team as we advance the Esperanza Gold Project towards gold production while concurrently exploring the high grade Zacatecas Silver Project.”
James Anderson, Chairman & CEO, said, “The oversubscription of our brokered private placement is a major endorsement of the quality of the assets that we are purchasing and the ability of our operations team to execute. We look forward to closing the acquisition of Great Panther Mining’s Mexican assets and getting to work on building Guanajuato Silver into a mid-tier precious metals producer.”
“Tahuehueto is an exceptional asset which is expected to generate significant revenue for Empress. It gives Empress direct exposure to silver and combined with our low G&A provides an effective hedge against inflation pressures as seen in other industries.”
Minera Alamos Inc. is pleased to announce that, further to its press release dated June 23, 2022, it has closed its non-brokered private placement offering of 7,950,000 common shares of the Company at a price of $0.55 per Common Share for aggregate gross proceeds to the Company of $4,372,500.
“The Company had a strong operating quarter which we expect to continue for the remainder of 2022,” stated Americas President and CEO Darren Blasutti.
“The second quarter was strong operationally, and better-than-expected results were driven by higher grades from the Avino Mine.” said David Wolfin, President and CEO of Avino.
Chief Executive Officer, Daniel Kunz commented, “Our ongoing Phase 2 drilling of step out holes at San Miguel East has made discoveries of both mill and heap leach grade mineralization that are expanding the potential resource at this deposit. Once again, our drilling continues to intersect multiple veins down-hole that increase the resource potential. We also expect that the deposit will grow along strike to the southeast eventually connecting with the nearby Noche Buena deposit.”
Starcore International Mines Ltd. is pleased to announce that it has closed its non-brokered private placement, raising $1,200,000 in gross proceeds through the issuance of 6,000,000 units at a price of $0.20 per Unit.
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