J. Duane Poliquin, Chairman of Azucar commented, “We continue to push on with our comprehensive two year intensive drill program at the El Cobre project. We look forward to reporting drill results as the program continues.”
Advance Gold Corp. is pleased to announce that Gennen McDowall is joining the Company as a geophysical advisor.
Azure Minerals Managing Director Tony Rovira said: “This has been a very impressive start to our small- scale mining program. To be getting more tonnes and much higher grades than we had expected gives us great confidence in the project as we advance Oposura toward large-scale mining and on-site processing.”
Aztec Minerals Corp. is pleased to announce that it has applied to the TSX Venture Exchange to extend the term of an aggregate of 2,551,250 common share purchase warrants by one year from October 21, 2019 to October 21, 2020.
Net proceeds from the private placement will be used for a surface exploration program consisting of geophysics and sampling to identify targets for a follow up drill program on the Los Reyes Au-Cu project, Mexico, which has significant near-term exploration potential for a high-grade Cu-Au mineral resource
The proceeds of the offering will be used for continued drilling of the El Alamos claim, drilling at the Los Gemelos claim, and for general working capital.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “Our exploration efforts at Tabasquena are coming together nicely with the past drilling and the recent IP geophysical survey. It is important to point out, the IP survey is meant to reveal sulphides through chargeability. The epithermal veins are low sulphidation and relatively small and don’t show up well in the IP survey, however right below these veins is the large continuous chargeability anomaly of over 800 metres from north to south and approximately 250 metres from east to west. Before starting our next round of drilling, we wanted to extend the IP grid to the south, where the anomaly is closer to surface.”
PRIZE MINING CORPORATION announces the resignation of Michael McPhie as CEO, President and a Director of Prize. Gary Claytens has been appointed as CEO, President and Director on an interim basis.
Sierra Metals Inc. announces that the Toronto Stock Exchange has accepted a notice filed by the Company of its intention to amend its previously announced Normal Course Issuer Bid to increase the number of common shares of the Company which the Company may repurchase for cancellation under the NCIB from 1,500,000 Shares, or approximately 0.92% of the issued and outstanding Shares as of the date of commencement of the NCIB, to 2,500,000 Shares, representing approximately 1.54% of the Company’s issued and outstanding Shares as of September 17, 2019.
Tawn Albinson, the President of Prospero Silver commented: “We are pleased with the latest set of results from Pachuca SE. Holes 1, 2, 3, 10, & 11 have highlighted interesting precious metal grades over intervals of up to 24.9m downhole, indicating prospective other deeper targets for future drilling, although the strike extent is unknown at the moment. We’ll be discussing the implications of the current results with Fortuna soon.”
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