Monarca Minerals, Inc. announces that is has completed the previously announced shares for debt transaction to settle an aggregate of $301,324.90 owing to certain officers, directors and service providers of the Company through the issuance of an aggregate of 6,026,498 common shares of the Company at an implied issue price of C$0.05 per share.
The following officers were re-appointed subsequent to the annual general meeting: Lawrence Page, Q.C. as President, Robert Macdonald as Vice President, Exploration, Graham Thatcher as Chief Financial Officer, and Arie Page as Corporate Secretary.
Brad Mercer, Capstone’s SVP Exploration and Operations said, “We decided to take a two-phase approach and release the Mineral Reserves ahead of our 2021 budgeting cycle, allowing us to greenlight key projects by year-end. The second phase of this work, targeted for completion in Q4 2020, will focus on opportunities we have identified, such as the feasibility of high-grade pillar extraction using paste backfill, updating the block model with ongoing exploration results and ongoing metallurgical and geotechnical work on Vein 10 not in Reserve.”
The Company awaits a response from SEMARNAT to the Court decision. Almaden will update shareholders when it has more information regarding the impact of this decision on SEMARNAT’s review of the MIA permit.
Capitan’s CEO, Alberto Orozco, stated: “We are very excited to achieve this milestone. Our team has been working hard to get the Company to this point and we feel very excited to start trading. Capitan will now focus its efforts on the exploration of the Peñoles project in Durango, Mexico where we plan to begin our drill program in the coming weeks.”
Brigadier intends to have drills turning by the third week of September and look forward to providing updates as results become available.
Sonoro Metals Corp. is pleased to announce that, further to its news release dated August 26, 2020, it has changed its name from “Sonoro Metals Corp.” to “Sonoro Gold Corp.”
The Exclusivity Agreement, with the mid-tier North American mining company Capstone Mining Corp. provides for a 45-day period for Capstone to undertake due diligence to their satisfaction. During the due diligence period, the parties intend to enter into a definitive agreement, which will provide for a staged earn-in to the Donovan 2 Project, through a combination of carried expenditure and cash payments.
“I am pleased with the fact that despite reduced activity, the Company managed to be profitable this quarter. Some of our operations were able to grow their revenue as compared to last year while our larger operations, including Canada, U.S., Mexico and Chile, were affected more than others by COVID-19,” said Denis Larocque, President and CEO of Major Drilling Group International Inc.
“Altos Hornos de México S.A.B. de C.V. (AHMSA) y Grupo Villacero acordaron prorrogar por 90 días el Acuerdo Marco no Vinculante, destinado a estructurar una asociación entre ambas compañías”
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