Vancouver, British Columbia–(Newsfile Corp. – June 29, 2022) – Capitan Mining Inc. (TSXV: CAPT) (“Capitan” or the “Company”) is pleased to report continued exploration results from three (3) reverse circulation (RC) drillholes, as well provide an exploration update on the progress to date at its 100% owned Jesús María Silver Zone, at the Cruz de Plata Project (Formerly referred to as Peñoles), Durango, Mexico.
Month: June 2022
MAMMOTH REPORTS 46.5 METRES GRADING 0.51 G/T GOLD EQUIVALENT FROM DIAMOND DRILLING AT ITS TENORIBA GOLD-SILVER PROPERTY, MEXICO
Toronto, Canada (April 28, 2022) – Mammoth Resources Corp. (TSX-V: MTH), (the “Company”, or “Mammoth”) is pleased to provide results from an additional three drill holes from its diamond drilling
program at its 100% owned Tenoriba gold-silver property located in the prolific Sierra Madre precious
metal belt, Mexico.
GATOS SILVER ANNOUNCES EXECUTIVE APPOINTMENTS
DENVER–(BUSINESS WIRE)– Gatos Silver, Inc. (NYSE/TSX: GATO) (“Gatos Silver” or the “Company”) is pleased to announce the appointments of André van Niekerk as Chief Financial Officer effective July 1, 2022 and James Woeller as Vice President, Corporate Development and Business Improvement effective July 16, 2022.
Discovery Silver Announces Annual General Meeting Results
June 27, 2022, Toronto, Ontario – Discovery Silver Corp. (TSX-V: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) is pleased to announce the results of voting at its Annual General Meeting held Friday, June 24, 2022. Shareholders voted in favour of all items put forward by the Board of Directors (“the Board”) and Management.
Sierra Madre Announces $10 Million Best Efforts Private Placement of Subscription Receipts
Vancouver, British Columbia – June 27, 2022 – Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQB: SMDRF) (“Sierra Madre” or the “Company”) is pleased to announce that it has entered into an agreement with Beacon Securities Limited and Canaccord Genuity Corp. on behalf of a syndicate of agents (collectively, the “Agents”), in connection with a “best efforts” private placement of up to 15,385,000 subscription receipts of the Company (the “Subscription Receipts”) at a price of $0.65 per Subscription Receipt (the “Issue Price”) for aggregate gross proceeds to the Company of up to $10,000,250 (the “Offering”). The Offering is being conducted in conjunction with the Company’s proposed acquisition (the “Proposed Acquisition”) of all of the issued and outstanding shares of La Guitarra Compania Minera S.A. de C.V. (“SubCo”), an indirect wholly-owned subsidiary of First Majestic Silver Corp. (“First Majestic”) incorporated under the laws of Mexico that holds a 100% interest in the La Guitarra silver-gold property (the “La Guitarra Property”), as previously announced on May 25, 2022. Each Subscription Receipt shall, upon satisfaction of the Escrow Release Conditions (as defined below) and without the payment of any additional consideration, automatically convert into one common share of the Company (a “Common Share”).
Silver Spruce completes earn-in and signs Joint Venture agreement, plans Phase 1 trenching program at the Jackie Au-Ag project, Sonora, Mexico
June 28, 2022 – Bedford, NS – (TSXV:SSE) – Silver Spruce Resources Inc. (“Silver Spruce” or the “Company”) announces that the Company has fulfilled the terms of the earn-in agreement with Colibri Resource Corp. (“Colibri”), earned its 50% interest and signed a Joint Venture Agreement (“JV”) to move forward with additional exploration at the Jackie project, Sonora, Mexico.
Prismo Metals Announces Closing of Financing and Appointment of New Director
Vancouver, British Columbia–(Newsfile Corp. – June 28, 2022) – Prismo Metals Inc. (CSE: PRIZ) (“Prismo” or the “Company”) is pleased to announce that it has completed its previously announced financing for gross proceeds of $682,125 through the exercise of warrants by certain warrantholders, including a number of insiders.
Altaley Mining Updates Tahuehueto Mine Pre-production Mill Commissioning and Advises of Change of Control Person
Altaley Mining Corporation (TSXV: ATLY) (OTCQX: ATLYF) (FSE: TSGA) (the “Company” or “Altaley“) is pleased to update shareholders on the commissioning, pre-production, and construction progress at its Tahuehueto Gold Mine.
Infinitum Copper Announces up to C$1,000,000 Private Placement
VANCOUVER, BC / ACCESSWIRE / June 27, 2022 / Infinitum Copper Corp. (TSXV:INFI)(OTCQB:INUMF) (“Infinitum” or the “Company”) is pleased to announce that it intends to raise up to C$1,000,000 by way of a non-brokered private placement financing consisting of up to 5,000,000 units (the “Units”) at a price of C$0.20 per Unit, for gross proceeds of up to C$1,000,000 (the “Offering”). Each Unit will consist of one common share of the Company (each, a “Common Share”) and one transferable Common Share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder to purchase one additional Common Share for a period of two (2) years from closing at a price of C$0.45.
Mexus Updates Its Shareholders
CABORCA, MEXICO / ACCESSWIRE / June 27, 2022 / Mexus Gold US (OTC PINK:MXSG) (“Mexus” or the “Company) updated its shareholders concerning the Santa Elena project located near Caborca, Mexico. Mexus continues to seek the right partner to complete the necessary exploration on what the company believes is a 1,000,000 oz plus gold resource. The company has received several offers for the rights on the property and has narrowed negotiations to one exploration company. Mexus is hopeful a deal can be reached in the near term. Mexus has rights to three different properties in Mexico. The company currently has an agreement in place on one of these properties (Mabel project) and will continue to keep an open mind regarding the two others which includes a potential copper porphyry at its Ures property.