Aztec has completed its earn-in and exercised the option to acquire a 65% interest in Cervantes. Kootenay retains the remaining 35% interest. The parties will hold their interests in Cervantes indirectly through share ownership in a joint venture company, Aztec Minerals (Mexico) JV. Corp.
“2020 has been a transformational year for Vizsla with multiple discoveries made across the Panuco district. The Company has completed 27,400 metres up until December 5th and is focused on expanding the mineralized zones at Napoleon, Papayo, Tajitos and our new discovery at Aquita Zarca. Material updates for these zones will be released as they become available in January 2021,” commented Vizsla President and CEO, Michael Konnert.
Morgan Good, Chief Executive Officer of Carlyle, commented, “Carlyle and its team are excited to have closed on this amalgamation with Isaac Mining and the acquisition of a 100% undivided interest in The Newton Gold Project, which is on trend with Artemis Gold’s permitted open-pit Blackwater gold deposit in B.C., and we feel past exploration at Newton has merely scratched the surface of its true potential. Also, Isaac was successful in closing more than $2M in funding sufficiently capitalizing the treasury while eliminating financing risk and positioning the Company for success as it heads into the new year.”
Great Panther Mining Limited has re-started operations at Topia following a voluntary suspension last month to prioritize the health of its workforce and local community and limit the spread of COVID-19.
Chris Wright, Executive Chairman & CEO, commented: ““We are pleased to conclude this transaction with Minera Tepal and want to thank them for their continued support in developing the Tepal Au-Cu deposit. Acquiring an option to repurchase the NSR royalty enhances the project economics at Tepal and will enable Defiance to preserve flexibility for financing future development of the project.”
Stephen Orr, the Company’s Chief Executive Officer, said “The Company is delighted that Gatos Silver will be added to the Russell 2000 Index in combination with the Company’s recently announced inclusion in the GDXJ ETF. The Russell 2000 is a diversified index measuring the performance of approximately 2,000 small capitalization American companies and will provide Gatos Silver with broad market exposure.”
Ms. Sendall has more than 30 years of experience in the energy sector, and has served on numerous public company and not-for-profit boards. She is currently a director of Enmax Corporation, an electricity utility owned by the City of Calgary, and a member of the Member Council for Sustainable Development Technology Canada, an independent federal foundation that helps Canadian companies develop and deploy clean energy technology solutions.
Rob Macdonald, Vice President Exploration stated: “The confirmation of a shallow and potentially high-grade gold target continues to highlight the terrific exploration potential on the east side of the Cerro in the area of the historic Mina La Bocona chimney which was mined and developed by artisanal miners to more than 200 metres in depth and produced up to an estimated 400,000 tonnes of ore.”
The proceeds from the private placement will be used for exploration of the Melchett Lake VMS mineral property located in the Thunder Bay mining district in Northern Ontario.
Peter MacKay PC, QC (Privy Council and Queen’s Counsel) is currently serving as a strategic advisor to both Deloitte Canada and McInnes Cooper LLP.
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