Rock-grab-samples were collected as part of the due-diligence field survey of the Pilar property conducted this past November, Tocvan Ventures has entered into a property option agreement with Colibri Resources for the 100% acquisition of the Pilar property in the state of Sonora, Mexico.
A total of 35 samples were sent for assay, four of which were QA-QC samples. Significant results were found in 22 samples.
Solaris Resources Inc. is pleased to announce the appointments of Mr. Richard Warke and Mr. Donald Taylor, respectively, as Executive Chairman and non-executive director of the Company, effective immediately following the resignations of Mr. Scott Heffernan and Mr. Marcel DeGroot as directors. In addition, Solaris joins the Augusta Group of Companies.
Silver Spruce Resources Inc. is pleased to announce the closing of the first tranche of its non-brokered financing, on December 31, 2019. The Company has issued 4,750,000 units at $0.05 per unit for gross proceeds of $237,500.
“We successfully completed two historic transactions in 2019, which have transformed Newmont into a truly international organization with an unmatched portfolio of assets and prospects in top-tier jurisdictions around the world,” said Tom Palmer, President and Chief Executive Officer. “As this company has done many times in the past, Newmont has demonstrated its ability to adapt to change, which is truly a hallmark of our success over the last 100 years. Updating our brand represents a natural step as we approach the next 100 years in Newmont’s long and proud legacy of operating discipline, profitable growth, environmental stewardship, and developing the industry’s best talent.”
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “One of the great things about exploration in the state of Zacatecas, Mexico is that due to the established infrastructure and seasoned contractors we can get a lot of work done at a low cost. Now that we are confident that the large IP geophysical chargeability anomaly is caused by a sulphide system, we feel it is time to bring in a second rig to expedite our exploration of the system.”
COO Greg Liller states, “Unlike many junior exploration companies, Prime aims to be a gold producer. Key to the plan to advance Los Reyes to near-term production, the surface sampling is providing a better estimation of the grades and tonnes of the first benches that can potentially be mined in the open pits. This estimation will provide confidence in the economic projections during the critical planning and mine startup phase.”
GREAT PANTHER MINING LIMITED announces that it has entered into a US$11.25 million gold doré prepayment agreement with Samsung C&T U.K. Ltd., a wholly owned subsidiary of Samsung C&T Corporation, headquartered in Seoul, South Korea and a part of the Samsung Group.
United States Antimony Corporation reported that production testing of the cyanide leach circuit at the Puerto Blanco mill in Guanajuato has begun. Security and transportation measures are being implemented.
The net proceeds of the private placement will be used for continued exploration and development of the Company’s Las Chispas Project and for general working capital and administrative purposes.
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