The net proceeds from the Offering will be used for exploration expenditures on the recently consolidated Panuco-Copala precious metals district in Mexico and for working capital.
The amparo forces Grupo Mexico to respect the strike at the San Martin Sombrerete mine, Zacatecas. The First Collegiate Court on Labor Matters granted an amparo to the National Union of Mining, Metallurgical, Steel and Similar Workers of the Mexican Republic (SNTMMSSRM) that heads Napoleon Gomez Urrutia, which forces the company Mexico Group to respect the strike at the San Martin Sombrerete mine, Zacatecas.
Guerrero Ventures Inc. is pleased to announce that it has closed its private placement of 10,000,000 common shares of the Company at a price of $0.10 per Share for gross proceeds of $1,000,000.
President and CEO, Arturo Bonillas stated: “Our geologic team headed up by Miguel Soto has made great strides in mapping and sampling our Mercedes property. Exciting drill targets have been delineated and Magna is moving forward on planning an IP geophysics program to be followed by drilling in 2020.”
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “We are very excited to drill this large chargeability anomaly as these kinds of targets are not easily found, especially in regions well known for big mines. What makes it particularly stand out is that the high chargeability is consistent from east to west on each survey line, and from line to line over the entire grid. One always has to be aware of possible false positives, such as the possibility of disseminated magnetite causing the chargeability anomaly. However, in this case there has been no magnetite found in the area and an historical magnetic geophysical survey by the Geological Survey of Mexico showed no magnetic anomaly.”
Alien Metals Ltd announces that all the resolutions proposed at the Company’s Annual General Meeting, which was held in London earlier today, were passed unanimously on a show of hands.
Goldplay Exploration Ltd. is pleased to announce that the Company has granted 1,370,000 stock options to directors, officers, and consultants of the company at an exercise price of $0.185 per option for a term of five years. Such options have been granted pursuant to the company’s 10-per-cent rolling stock option plan and are in accordance with TSX Venture Exchange policies.
Silver Viper’s President and CEO Steve Cope states, “We are excited to begin the phase two drill program at La Virginia. The results from phase one were very encouraging and we look forward to continuing on that success by both expanding on the discovery at El Rubi and testing the numerous anomalies in the surrounding area.”
Mexico Mining Center is pleased to invite you to our 5th edition of the Discoveries Mining Conference to be held April 28 – 30, 2020
“These results are very encouraging,” states Curtis Turner, CEO of Candelaria. “Our exploration programs continue to find high gold grades throughout the district. This recent in-fill drilling program is part of our near-term plans to develop Pinos Gold Project which aims to process up to 400 tonnes per day.”
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