Sonoro Metals Corp., announces that, as a result of ongoing health concerns, travel restrictions and recommendations from government agencies, the Company’s annual general meeting originally scheduled for June 11, 2020, is being postponed and will be rescheduled September 4, 2020.
The western side of the Evelyn property currently being mapped comprises an area of approximately 250 hectares and is largely covered by alluvium and colluvium. The western side of the Evelyn property has not had the same level mapping and prospecting as the remainder of the property.
Mako Mining Corp. announces that its Board of Directors has appointed Mr. Mario Caron as a director of the Company, replacing Mr. Cesar Gonzalez who has stepped down from his role as a director of the Company but shall remain as Vice President, Corporate Development of the Company.
Mexus Gold US announced that a second round of blasting has occurred on the Julio shear zone located at its Santa Elena mine in Caborca, Mexico. Sampling of this shear zone has shown 1.5 to 11.9 g/t Au with some visible gold.
A strong conductive body west of the mid-pit appears to be related to a small intrusion with surrounding incipient hornfels and skarn alteration on surface. This is the exactly the geological environment we want to see for potential CRD massive sulfide mineralization in the underlying Paleozoic limestone sequence.”
MAG Silver Corp. announces that, pursuant to a transaction among Reyna Silver Corp. (formerly named Century Metals Inc.), Reyna Silver Mining Inc. (formerly named Reyna Silver Corp.) and a wholly owned subsidiary of the Issuer, MAG has acquired, in exchange for its existing preferred shares of the Target and for no additional consideration, 14,556,706 common shares of the Issuer together with certain contractual rights of participation in future issuances of Company Shares.
Greg McKenzie, President and CEO commented, “We are pleased with the strong support in this raise. Eric Sprott and a group of participating cornerstone investors collectively share our strategic goal of creating value for all shareholders.”
The explorer holds several properties, most notably the flagship Guigui as well as Batopilas, both of which were spun out from MAG Silver, and both are located in major silver districts in northern Mexico. The firm’s large land package encompasses more than 30,000 hectares.
Territory’s key asset is the Tip Top Gold project located in Esmeralda County, Nevada USA.
Pursuant to the Secondary Offering, Pan American sold 10,350,000 common shares of Maverix at a price of US$4.40 per common share for aggregate gross proceeds of US$45,540,000.
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