Vancouver, BC – GR Silver Mining Ltd. (TSXV: GRSL, FRANKFURT: GPE, OTCQB: GRSLF) (“GR Silver Mining” or the “Company”) – is pleased to announce that it has completed its previously announced bought deal private placement (the “Offering”) of an aggregate of 19,550,000 units of the Company (the “Units”) at a price of $0.59 per Unit (the “Issue Price”) for gross proceeds of $11,534,500, which was oversubscribed and included the exercise of the underwriters’ option in full.
Month: April 2021
Southern Continues to Extend Mina La Bocona High-Grade with 7.5 Metres Averaging 261g/t Ag, 7.0% Pb and 1.7% Zn (559g/t AgEq)
Southern Silver Exploration Corp. (TSX.V: SSV) (“Southern Silver”) reported today that further assay results from the Mina La Bocona target area continues to extend both shallow gold-silver enriched oxide mineralization and high-grade polymetallic sulphide mineralization laterally and at depth at its Cerro Las Minitas project, Durango Mexico.
Orogen Options Manhattan Gap to Stampede Metals
Vancouver, B.C. April 27, 2021 (TSX-V:OGN) Orogen Royalties Inc. (“Orogen” or the “Company”) is pleased to announce that it has signed an option agreement (the “Agreement”) with Stampede Metals Corp. (“Stampede”), a private Nevada company, whereby Stampede can acquire a 100% interest in the Manhattan Gap porphyry/polymetallic carbonate replacement project in eastern Nevada, USA. To earn a 100% interest in Manhattan Gap, Stampede will make a cash payment of US$18,243, issue 7.5% of Stampede’s shares outstanding (approximately US$158,000 in value), incur up to 7,500 metres of drilling over a six-year period, and grant to Orogen a 1.5% net smelter return (“NSR”) royalty.
Elemental Royalties Increases Annual Revenue by 112% in 2020
VANCOUVER, BC, April 27, 2021 /CNW/ –Elemental Royalties Corp. (“Elemental” or “the Company“) (TSXV: ELE) (OTCQX: ELEMF) is pleased to announce its operating and financial results for the year ended December 31, 2020.
Radius Gold receives final results for phase 4 drilling and new drill permits to test El Cuervo and California targets at Amalia Project, Mexico
Vancouver, Canada – TheNewswire – April 27, 2021 – Radius Gold Inc. (TSXV:RDU) (OTC:RDUFF) reports results for the phase four diamond drill program at its Amalia Gold-Silver Project in Chihuahua, Mexico. New results include AMDD21-31 which intersected 13m at 0.9 g/t gold and 116 g/t silver. A new drill permit has recently been granted to test targets at California and El Cuervo. Geological teams are continuing detailed mapping and have recently extended the El Cuervo veins and breccias by 1km and the California vein system by 500m. Drilling of these targets is expected to commence in the second half of the year.
Riverside Resources and Carlyle Commodities Report Additional High-grade Gold of 3.3 Meters of 3.37 g/t Gold at the Cecilia Project, Mexico
Vancouver, British Columbia–(Newsfile Corp. – April 27, 2021) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) (“Riverside” or the “Company”), is pleased to report the second batch of results from the drilling program at the Cecilia Project in Sonora, Mexico where work is on-going with partner Carlyle Commodities Corp (CSE: CCC). Following the first batch of results announced April 15, 2021, Riverside and Carlyle are now reporting additional anomalous intercepts in the last two drill holes of the Phase I drilling program, including 3.3 m of 3.37 g/t Au at the North Breccia Target (CED21-006) and 3.05m of 0.67 g/t Au at the Central Target (CED21-007). Surface and shallow sub-surface expression of the mineralization and alteration in drill holes appear to demonstrate the top of a robust hydrothermal system, which could be expanded at depth, with expectation of a more developed gold and silver system based upon the geologic modeling and logging of these core holes.
Tarachi Gold Provides Update on Drilling Programs in Sonora, Mexico
VANCOUVER, BC, April 27, 2021 /CNW/ – Tarachi Gold Corp. (CSE: TRG) (OTCQB: TRGGF) (Frankfurt: 4RZ) (“Tarachi” or the “Company“) is pleased to provide an update for its ongoing drilling at its portfolio of projects in Mexico. The Company is actively drilling in Sonora at the Tarachi project in the Mulatos/La India Gold Belt, and at its 100% owned Magistral del Oro Gold Plant in Durango, Mexico. In Sonora, the Company continues to drill test the La Dura–Zaragoza Gold Trend and will commence a second phase of diamond drilling in May-June at the San Javier Concession gold-bearing breccia pipe. In Durango, Tarachi geologists are engaged at Magistral, overseeing an auger drilling program of the Magistral tailings deposit as part of the Ausenco Engineering preliminary economic assessment.
Fortuna And Roxgold Agree To Business Combination Creating A Low-Cost Intermediate Global Precious Metals Producer
Vancouver, April 26, 2021 – Fortuna Silver Mines Inc. (“Fortuna” or the “Company”) (NYSE: FSM) (TSX: FVI) and Roxgold Inc. (“Roxgold”) (TSX: ROXG) (OTCQX: ROGFF) are pleased to announce that they have entered into a definitive agreement (the “Arrangement Agreement”) whereby Fortuna will acquire all the issued and outstanding securities of Roxgold pursuant to a plan of arrangement (the “Transaction”).
Gatos Silver Announces Virtual 2021 Annual Meeting of Stockholders
DENVER–(BUSINESS WIRE)–Gatos Silver, Inc. (NYSE/TSX: GATO) (“Gatos Silver” or the “Company”) today announced that the Company will hold its 2021 Annual Meeting of Stockholders (the “Annual Meeting”) in a virtual format on Wednesday, May 26, 2021 at 10:00 a.m. Mountain Time. Online access to the meeting will begin at 9:45 a.m. Mountain Time.
Sonoro Gold Extends El Colorado Zone: Reports 14.6 g/t Gold Over 1.52 Meters Within a 16.77 Meter Intercept of 1.837 g/t Gold
VANCOUVER, British Columbia, April 26, 2021 (GLOBE NEWSWIRE) — Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) (“Sonoro” or the “Company”) is pleased to report assay results from an additional 25 RC drill holes completed at four of the 18 gold mineralized zones within the Cerro Caliche gold concession located in Sonora, Mexico. Recent drilling successfully tested on-strike and lateral extensions at El Colorado, Cabeza Blanca, Buena Vista and Boludito, as shown on the map below.