Proceeds from the Private Placement will be used to fund the Companys exploration programs at the Cervantes porphyry gold-copper project in Sonora, Mexico and the Tombstone CRD silver-lead-gold-copper project in Arizona, as well as for general working capital purposes.
Silver One Resources Inc. is pleased to announce that it will conduct a non-brokered private placement of up 20,000,000 units at a price of $0.125 per Unit for gross proceeds of up to $2,500,000.
Arturo Prestamo, Santacruz’s CEO stated, ‘The acquisition of a 50% interest in Carrizal is an important first step towards returning to 100% ownership rights in the Veta Grande Project, subject to receiving the necessary approvals to complete the purchase of the remaining 50% of Carrizal. It also offers the Company a chance to acquire an indirect interest in an operating mine in a potentially accretive transaction that could enhance Santacruz’s operations.’
Fresnillo plc sigue la construcción de la planta de flotación de jales en Fresnillo para procesar jales históricos y continuos que programa poner en funcionamiento en el segundo semestre de 2020.
Fresnillo has now determined it to be in the Company´s best interests to align its tax treatment across its underground mining operations subsidiaries with the Conclusive Agreement. Accordingly, Fresnillo has voluntarily elected to apply the same criteria regarding the tax treatment of mining works to all its underground mines, retrospectively for the years 2014 to 2018.
Alio Gold Inc. reports the voting results from its annual general and special meeting of shareholders held today in Vancouver, British Columbia.
Peter Taylor, CEO of Alien, commented: This modest round of strategic funding comes at a premium, underwrites ongoing exploration of the asset portfolio and opens new opportunities to consider complementary projects. I am pleased to welcome and secure the brokerage and research capabilities of SVS alongside those of First Equity.
Discovery Metals Corp. is pleased to announce the appointment of Dr. Moira Smith to the Companys Board of Directors.
Duane Poliquin, Chairman of Almaden, stated ‘Over the past several years we have worked to build a project with a robust resource, a limited environmental footprint, and a solid base of local community support. We are optimistic that in the near future we will have a fully permitted project and access to the funding necessary to commence construction. Once in operation, Ixtaca will be a robust producer of over 170,000 ozs per year gold equivalent, or almost 13 million ozs per year silver equivalent, over an 11 year mine life. Our aim is that Ixtaca becomes another showcase of how modern mining can deliver positive results for shareholders as well as local communities and host governments. We look forward to working with all groups that share this vision over the coming months and years.’
Renegotiation of the Rubi-Esperanza agreement is part of an ongoing effort by Silver Viper to ensure that maximum expenditures are directed into exploration activities at La Virginia where initial work has provided highly encouraging early results.
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