Candelaria Mining Corp. is pleased to announce that the Company has received subscriptions for an offering, on a non-brokered private placement basis, of 4,237,042 units of the Company at a subscription price of $0.25 per Unit for aggregate gross proceeds of up to $1,059,261.
“Our third quarter results reflect a normal part of our operational pattern, as mining and exploration companies shut down operations, in some cases for extended periods, over the holiday season. This quarter, we saw earlier shutdowns than last year, particularly in South America,” said Denis Larocque, President and CEO of Major Drilling Group International Inc.
Almaden believes that the Amparo is not related to any genuine Ejido concern regarding its surface rights and lands. Instead, the Amparo is a broader legal challenge by foreign-funded anti-development NGOs against Mexico’s mineral title regime using Almaden’s mining concessions as a test case.
Silver Spruce Resources Inc. announced today that the Board of Directors has appointed Ronald J. Goguen as its President, CEO and Director, effective March 1, 2020. Ron brings extensive business and financial acumen, particularly in exploration, mining and drilling services, to the Company.
Thomas Atkins, President and CEO of Mammoth commented on activities at Tenoriba, stating: “Mammoth believes it’s a significant vote of confidence on the mineral potential at Tenoriba that Centerra, with its experience in geological systems similar to those which host gold at Tenoriba, has elected to continue with the Tenoriba option in 2020.”
Fresnillo plc announces that the Nominations Committee has recommended to the board of directors of the Company and the Board has agreed, that Ms. Myriam Guadalupe De la Vega be proposed for election as an independent non-executive director of the Company at the 2020 annual general meeting, which is due to be held on 29 May 2020, with her appointment to take effect from the conclusion of the AGM, if approved.
Riverside’s President and CEO, John-Mark Staude, stated: “Riverside is pleased with the new updated processing of IP geophysics along this highly endowed gold greenstone belt that has produced 4.1M ounces of gold historically.”
The Company is also pleased to announce that the Board has confirmed the appointment of Mr. Ian Graham as President of the Company effective March 1, 2020, and has also appointed Mr. Graham as a director of the Company, effective immediately.
Golden Minerals Company has today announced financial results and a business summary for the full year ending December 31, 2019.
Colibri Resource Corporation is pleased to announce that Major Drilling has starting drilling the maiden drill program at Colibri’s Evelyn Gold Project located 60 km NW of Caborca Mexico.
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