Oroco Resource Corp. announces that it has temporarily suspended its drilling operations at Santo Tomas for safety and security reasons relating to an increase in federal military operations in the region resulting from a dispute between criminal elements.
Orogen Royalties Inc. is pleased to announce it has signed an agreement with Advance Lithium Corp. to purchase 3% net smelter royalties on three prospective mineral licenses in the Lake Victoria Gold Fields in western Kenya.
Discovery Silver Corp. announces that an aggregate of 23,531,812 common share purchase warrants with an exercise price of C$0.77 were exercised prior to their expiry on June 8, 2022. The exercises resulted in gross proceeds of approximately C$18 million. The Company’s current cash balance has increased to approximately C$70 million.
Allan Barry Laboucan, President and CEO of Advance Lithium Corp. commented: “We are excited to sell our royalty in Kenya and receive cash and the Sarape project in the transaction. Sarape sits in the prolific Rio Sonora Valley that also hosts the Mercedes, Santa Elena, and Ermitaño mines as well as the Las Chispas deposit.
“To conclude this stage of drill results with a discovery of a new trend parallel to our Main Zone, gives us confidence in the significance of the mineralized system at Pilar and provides us with more targets to follow-up on,” commented Brodie Sutherland, CEO.
Greg Bronson, President of BNN states: “We are encouraged by these additional drill results that expand the copper mineralization found in the Sonora Copper zone and point to a significant copper mineralized block that is open in three directions that can be further enlarged through additional drilling.”
Prime Mining Corp. is pleased to report that the Company has been upgraded and qualified to trade on the OTCQX® Best Market from the OTCQB® Venture Market effective today under the symbol “PRMNF”.
Rick Trotman, President and CEO of Barksdale, commented: “The results of the San Javier column leach testing program have demonstrated strong recoveries of oxide copper while also shedding considerable light on the potential for a low-cost style operation that doesn’t require agglomeration and has low acid consumption.”
Aztec intends to use the net proceeds of the Offering to conduct exploration work on its Cervantes porphyry gold-copper project in Sonora, Mexico, and its Tombstone epithermal gold-silver & CRD silver-lead-zinc-copper-gold project in Arizona, USA, as well as for general working capital purposes.
Reyna Silver Corp. is pleased to announce that due to significant investor demand, the Company has increased the size of its previously announced “best efforts” private placement from C$3,000,000 to C$4,000,000 from the sale of up to 11,111,111 units of the Company at a price of C$0.36 per Unit.
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