Santacruz Silver Mining Ltd. is pleased to announce the appointment of Mr. Wayne Corso to the role of Chief Operating Officer. Mr. Corso holds a B.Sc., Mining Engineering, from the Colorado School of Mines at Golden Colorado, has over 35 years of experience in the industry and will be responsible for overseeing all operational functions of the Company’s mines and exploration projects.
The price per Unit of the Offering has been reduced from $0.02 per Unit to $0.015 per Unit. As it remains the Company’s intention to raise $150,000, the number of Units offered has increased from 7,500,000 to 10,000,000 accordingly.
Kootenay Silver’s President and CEO Mr. James McDonald stated “We are extremely pleased with the new results from Columba. Each of the holes was designed to extend the F and D veins beyond previous drilling, in some cases returning high silver grades which we expect from this project. As work continues to discover high grade shoots at Columba, we see increasing potential to identify a significant silver resource.”
“As we look forward to the final tie-in to the electrical grid at Juanicipio, Q2 continued the trend of strong operational performance with record toll milling through the Saucito and Fresnillo operations and robust cash generation. The project operator Fresnillo reports final tie-in to the power grid is expected in the coming weeks and target ramp-up to 85-90% of nameplate capacity by year end remains within reach.” said George Paspalas, MAG’s President and CEO.
Nomad Royalty Company Ltd. is pleased to announce that the acquisition of the Company by Sandstorm Gold Ltd. by way of a court approved plan of arrangement in accordance with the Canada Business Corporations Act was completed earlier today.
Mel Herdrick, Sonoro’s VP Exploration, commented, “The data is a good example of continuity of gold mineralization which is coincident with the normal vertical and lateral variations we see when drilling. This detailed program also provided quality and unbiased sampling of the vein and part of the exposed mineralized wall allowing a more complete evaluation of gold mineralized volumes in this area.”
Laurence Pryer, VP Exploration at Orogen commented, “La Verdad was identified by Orogen’s technical team using our proprietary regional databases. The property offers excellent opportunity for discovery with several geological similarities to Ermitaño, which was identified by Orogen in 2015 (P&P reserves of 337 Koz gold and 4.9 Moz silver). La Verdad and other projects being generated by our technical teams illustrate Orogen’s commitment to organic royalty generation as a pathway to value creation.”
The production was very similar to the previous quarter (2022 – Q4) that confirmed the stability of the mine production and reflects the intensive exploration carried out this year.
Proceeds received from the Private Placement will be used for the development of the Company’s Moyie Anticline Project, other resource properties (eligible for “Canadian exploration expenses, which are flow-through mining expenditures) and general working capital requirements including becoming a publicly listed company on a Canadian Stock Exchange before the end of 2022.
Excellon Resources Inc. is pleased to report that shareholders voted in favour of all items of business at the Company’s 2022 Annual General and Special Meeting held on August 12, 2022.
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