Capitan’s CEO, Alberto Orozco, stated: “We are continuing to test extensions of the gold-silver mineralization at the Capitan zone with results to date, demonstrating that the mineralized envelope continues to grow. It is important to note we are also defining new targets as our understanding of the geology continues to evolve.”
The Company issued 5,000,000 common shares at an offering price of $0.20 per share for gross proceeds of $1,000,000. The securities issued under this private placement are subject to a four month and one day hold period, expiring on July 6, 2021. No commissions or finder’s fees are payable in connection with this financing. The net proceeds of the Offering will be used for financing the balance of the first phase of exploration work on the Ana Maria property, and the Company’s general working capital requirements.
Proceeds will be used for drilling on the Company’s San Javier Silver-Gold Project.
Tarachi Gold Corp. launches second phase underground drilling at La Dura mine (March 1, 2021), with four HQ holes testing eastern limits and southern plunge. Surface RC rig mobilizes mid-March to explore 400m corridor to Zaragoza, targeting N-S and Baby Doll zone intersection. Changes transfer agent to Odyssey Trust Company.
Bill Brodie Good, CEO & Technical Director of Alien Metals, commented: “It is very exciting that Capstone is already drilling the first hole at Donovan 2 in such a short timeframe. Both parties are very encouraged by the results of the recent IP survey and the reprocessing and interpretation of all the historic data collected by Alien. We now have three geophysical targets including the Los Alomos project. With the copper price at its highest for over nine years and continued demand, this positive news is very well timed and we are excited to see the results.”
“I am proud of First Majestic’s commitment to positive and long-lasting impact across the communities where we work,” said Keith Neumeyer, President and CEO of First Majestic. “Social management is a core tenet of the Company and it is continually ingrained in our operations. Being recognized by CEMEFI and ALIARSE emphasizes our daily focus on creating opportunities for social, economic and environmental development. This Award is proudly shared with the communities where we work.”
The proceeds from the Private Placement are expected to be used by the Company to complement the Zimapan Assets acquisition, to accelerate exploration activities at the Horizontes (Lomo del Toro) area and for general working capital and corporate purposes.
Mike Struthers, CEO, commented: “Both Neil and myself are very pleased to have joined Candelaria at this time, to help the Candelaria team take the Company to the next level. A goal for the next 12 months is to successfully execute the Pinos project and bring that mine back into production, in parallel with executing what we believe could be a very successful exploration program at the company’s flagship asset, the Caballo Blanco mineralised district.”
“The epithermal system in the San Juan Area of the Plomosas Project is showing evidence of being predominantly mineralized with silver. The Company continues to encounter a series of mineralized intersections close to surface, representing a target area with the potential for a future shallow underground mine development. As a result, we have been encouraged to continue surface drilling in 2021 on extensions to the existing veins that make up a 2 km long mineralized system at the San Juan Area.”
“For 2020, Great Panther delivered record mine operating earnings of $84 million ($0.24 per share), significantly strengthening the balance sheet, and successfully added reserves and resources through our result-driven exploration programs,” stated Rob Henderson, President and CEO.
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