The Company intends to use the net proceeds of the Private Placement 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.
Gatos Silver mined a record 242,899 ore tonnes from CLG in Q3, exceeding the second quarter 2021 (“Q2”) record tonnage by 1.2%. The plant also achieved record processing throughput in Q3 totaling 234,054 tonnes, exceeding Q2 performance by 1.5%.
The Board is also pleased to announce the appointment of Carlos E. Santa Cruz and Oscar M. Cabrera to the Board, effective immediately. Messrs. Cabrera and Santa Cruz have been appointed following the resignation of two directors earlier this year.
“Our overall performance in 2021 has been solid, and this quarter was no different. With 358,780 ounces produced through to the end of September, we are well on track to achieve the upper end of the guided range of 430,000 to 470,000 ounces in 2021. Importantly, these ounces continue to be delivered safely, with no lost time injuries during the quarter.”
“We continue to advance our strategic objective to de-risk and advance Media Luna, which includes execution of our early works program to access the deposit from both the north and south sides of the Balsas River, continuation of the infill drilling program, and advancement of the permitting plan. Importantly, we are also well on track to deliver the Media Luna Feasibility Study as part of a broader Technical Report to be released in Q1 2022.”
Galore Resources Inc. is pleased to announce that that it has arranged a non-brokered private placement to raise gross proceeds of up to CDN $800,000.00.
McEwen Mining Inc. reports consolidated production for Q3 2021 was 32,100 gold ounces and 792,000 silver ounces, or 42,900 gold equivalent ounces compared to 30,400 GEOs in Q3 2020.
Kootenay President and CEO, James McDonald states, “This is a very exciting hit in hole 103 being the best drill hole to date. It indicates the high grades in holes 30 and 60 have continuity and show a vector in which to follow and expand this very high-grade zone. This certainly bolsters our confidence that the JZ area is another area on the property where high grade resource may be put together.”
Tarachi Gold Corp. is pleased to announce a non-brokered private placement of up to 3,333,333 common shares at a price of $0.15 per Share to raise gross proceeds of up to $500,000.
Riverside’s President and CEO, John-Mark Staude: “We are excited to complete the acquisition of multiple key pieces of the project area at La Union, including the historic mines of Famosa and Plomito. Riverside is moving forward with growing projects, and generating exploration results at our properties, which continue to demonstrate the value of applying the Riverside property database and local team knowledge to capture and progress excellent mineral projects. The next steps for the La Union district will consist of field work and geophysics, which are expected to refine drilling targets.”
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