PRIZE MINING CORPORATION announces that the Company has appointed Mr. Dino Minichiello to the Companys Board of Directors. The Company is also, subject to regulatory approval, awarding options to directors, officers, employees and consultants to the company.
‘It is remarkable to have defined such highly prospective geology so soon after the start of our field program.,’ said David Jones, exploration manager and director of Megastar. ‘The work to date supports our initial interpretation and looks as promising as the early stages of other exploration programs in the region which are now producing mines. The goal now is to expand known areas and discover additional new targets. We await pending results with great anticipation.’
GREAT PANTHER MINING LIMITED reports that Jeffrey R. Mason has been appointed Chair of the Board of Directors of the Company effective today. He will succeed R.W. (Bob) Garnett who will remain on the Board.
J. Alberto Arias, Chairman of Sierra Metals, commented: ‘On behalf of the Board and Management, I would like to welcome Koko to the Sierra Metals Board of Directors. Kokos experience in corporate accounting and reporting makes her a valuable addition as an independent director to our Board. We believe that Koko will help Sierra Metals execute on its considerable growth plans and strategic opportunities that it has available at all its properties.’
The net proceeds of the private placement will be used for exploration and advancement of the Companys Las Minas Project, payment of outstanding invoices, and general working capital. No finders fees were paid in connection with the Offering.
Silver Spruce Resources Inc. is pleased to announce that it has signed a binding Letter of Agreement with Prospeccion y Desarrollo Minero del Norte, S.A. de C.V. to assume ProDeMin’s option agreement to acquire 100% of the Cocula project, an advanced gold project in the Ameca mining district of Jalisco State, Mexico. The project is located within a very active exploration and mining region with several nearby projects including Agnico Eagle’s El Barqueño exploration project and Endeavour Silver’s Terronera development project. The LOA awards a Right Of First Refusal with a six-month due diligence period to Silver Spruce.
Investigations and due diligence immediately ensued by mining attorneys for the Mexican corporation. During that due diligence, it was noted that, upon the death of the original mining concession title owner, in May 2017, his widow legally inherited his estate, but has not yet received certification of her registration with the Registro Publico de Mineria (Public Mining Registry) establishing her rights as the 100% title owner of the claims.
‘In my previous communications, Ive discussed our new business model, which includes the development of multi-billion-dollar assets through the discovery and development of valuable seafloor mineral deposits while being responsible stewards of the environment,’ stated Mark Gordon, Odyssey Chairman and CEO. ‘This acquisition is an example of our successful execution of our business plan, and we are focused on adding other new subsea mineral deposits around the world to our expanding portfolio.’
‘Our two primary assets, the San Dimas and Santa Elena mines, saw strong growth during the quarter producing approximately 80% of our total metal production,’ said Keith Neumeyer, President and CEO.
‘We are pleased with the results of the program and thank the warrantholders for their overwhelming support,’ stated Jason Simpson, President and CEO. ‘The funds will be used to continue regional exploration and allow greater flexibility prior to construction of the Camino Rojo Oxide Project.’
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