“Looking ahead, we expect this year to be an exciting one for the Company. We continue advancing important projects, completing operational improvements, and advancing exploration at all three mines.”
Chief Executive Officer, Daniel Kunz commented “Our first Guadalupe East drill hole opens up impressive bonanza-grade gold-silver potential at Los Reyes and highlights the expanding potential at depth and to the east at Guadalupe. Recognition of the San Nicolas vein at shallow depths and below the current pit boundary offers significant pit expansion opportunities, while the newly sampled bonanza grade mineralized structures in an area known as Mina 20/21 may lead Prime to discover more mineral deposit areas”.
Canuc Resources Corporation announces the closing of a previously announced Private Placement for gross proceeds of $4,500,000 CAD.
These funds will be used to expand drilling on the Company‘s Kwai property in the Red Lake mining district.
The gross proceeds from the sale of the Offered Shares will be used by the Corporation to incur eligible “Canadian exploration expenses” that will qualify as “flow-through mining expenditures” as such terms are defined in the Income Tax Act (Canada) related to the Cariboo Gold Project and other exploration assets of the Corporation located in British Columbia.
“It is approaching two years since the Company has provided a group wide option grant. These options represent a way of rewarding the exceptional efforts of the team in executing on our development strategy during difficult circumstances,” stated Doug Ramshaw, President.
Pursuant to the Share Repurchase, the Company has the ability to repurchase up to 10,000,000 common shares of the Company which represents approximately 4.5% of the 221,681,131 issued and outstanding shares of the Company as of March 8, 2021.
Tarachi Gold Corp. is pleased to announce that on March 17, 2021, the Company completed the acquisition from Manto Resources S.A. de C.V. of the Magistral Mill and Tailings project in Durango, Mexico.
Radius Gold Inc. is pleased to announce that together with JV partner, Volcanic Gold Mines, the companies have received final approval from the Ministerio de Ambiente y Recursos Naturales (Ministry of Environment and Natural Resources) to conduct drilling on the Holly Project in eastern Guatemala.
J. Duane Poliquin, Chairman of Azucar, stated “We are pleased to report these further results from the Porvenir Zone and to getting the drill turning once again on the excellent targets that we have at El Cobre. We look forward to updating shareholders on this year’s plans and reporting on our progress and results.”
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