VANCOUVER, BC, Nov. 24, 2022 /CNW/ – Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) (“Vizsla” or the “Company”) is pleased to announce it has entered into non-binding letter of intent (the “LOI”) with Prismo Metals Inc. (CSE: PRIZ) (“Prismo”), a company co-founded and advised by Dr. Peter Megaw. Pursuant to the LOI, the Company intends to make a strategic investment (the “Strategic Investment”) with a right of first refusal (the “ROFR”) to purchase the Palos Verdes project from Prismo (the “Project”), and 4,000,000 units of Prismo (the “Prismo Units”), for aggregate consideration of C$2,000,000.
Month: November 2022
IMPACT Silver Announces Q3 2022 Results Revenue of $3.8 Million, Mine Operating Loss of $0.5 Million
Vancouver, British Columbia–(Newsfile Corp. – November 24, 2022) – IMPACT Silver Corp. (TSXV: IPT) (OTC Pink: ISVLF) (FSE: IKL) (“IMPACT” or the “Company”) announces its financial and operating results for the third quarter ended September 30, 2022.
Discovery Reports Q3 2022 Financial Results and Update
November 24, 2022, Toronto, Ontario – Discovery Silver Corp. (TSX-V: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) is pleased to announce its financial results for the three months ended September 30, 2022 (“Q3 2022”) and provide a summary of key events for the quarter, and subsequent to quarter-end. All amounts are presented in Canadian dollars (“C$”) unless otherwise stated.
Azucar Reports Drilling Results from Lithocap Target,
El Cobre Project, Mexico
VANCOUVER, B.C. Azucar Minerals Ltd. (“Azucar” or the “Company”) (TSX-V: AMZ; OTCQB: AXDDF) is pleased to announce that it has received and compiled results from the two holes completed into the large lithocap target first discussed in its press release of March 10, 2022. Both holes passed through typical clay dominant lithocap alteration into phyllic alteration. Large intervals of brecciated rock were intersected possibly reflecting a diatreme like body that may have disrupted any earlier porphyry alteration zonation in this area. Alteration data was collected from the core using a Terraspec infrared spectrometer along with the samples for assay. No significant intervals of porphyry mineralisation were intersected however the second hole intersected a late sulphide vein that returned 0.70 metres of 0.95% copper and 0.42 g/t gold. At present the Company is reviewing how best to further explore this lithocap target as well as other zones on the project and will update shareholders once this is complete.
Defiance Resumes Drilling In Zacatecas
Vancouver, British Columbia – Defiance Silver Corp. (“Defiance” or the “Company”) is pleased to announce the resumption of drilling after encouraging results showed high-grade Ag-Ag-Zn-Pb mineralization in the heart of the Veta Grande vein system at the Zacatecas silver project, further extending the limits of mineralization below the 2014 resource area (See News Release dated October 25, 2022).
VIZSLA SILVER ACHIEVES ONE MILLION WORKING-HOURS WITHOUT A LOST TIME INCIDENT
VANCOUVER, BC, Nov. 22, 2022 /CNW/ – Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) (“Vizsla” or the “Company”) is pleased to announce it has achieved a safety milestone exceeding one million consecutive work hours without a lost time incident at its 100%- owned flagship Panuco silver-gold project (“Panuco”) in Mexico.
Guanajuato Silver Confirms Early Loan Repayment
November 22, 2022 – Vancouver, British Columbia – Guanajuato Silver Company Ltd. (the “Company” or “GSilver”) (TSXV:GSVR)(OTCQX:GSVRF)(AQSE:GSVR) is pleased to announce the partial prepayment of the two silver and gold loan/pre-payment facilities with Swiss-based precious metals trading firm, OCIM Precious Metals S.A. (“OCIM”), (see Guanajuato Silver previous news release dated May 9, 2022 – “GSilver Draws US$7.5M Silver/Gold Pre-Payment Facility from OCIM”).
Alamos Gold Declares Quarterly Dividend
TORONTO, Nov. 22, 2022 — Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today announced that the
Company’s Board of Directors has declared a quarterly dividend of US$0.025 per common share. The Company has paid
dividends for 13 consecutive years during which time $285 million has been returned to shareholders through dividends and
share buybacks, including $48 million thus far in 2022.
GR Silver Drills Additional Wide High-grade Ag Mineralization at San Marcial SE Area 83.5 m at 215 g/t Ag, including 0.8 m at 2,618 g/t Ag
VANCOUVER, BC, Nov. 21, 2022 /CNW/ – GR Silver Mining Ltd. (“GR Silver Mining” or the “Company”) (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – is pleased to announce additional surface drilling success in the new high-grade Southeast Area (“SE Area”) silver (Ag) discovery, at the Company’s wholly-owned Plomosas Project, in Sinaloa, Mexico. The four new holes represent extensions along strike or down dip, or drilling at different orientation, to delineate mineralization geometry and boundaries. Each of the holes has provided positive silver results and geological information to enhance the existing knowledge in the SE Area. The Company expects to complete three more drill holes in the SE Area prior to the December cut-off date for data to be incorporated into the 3D geological model, with the updated resource estimation expected to be released in Q1|2023
Discovery Intercepts 124 g/t AgEq over 96m and 126 g/t over 77 m in Feasibility Study Drilling at Cordero
November 21, 2022, Toronto, Ontario – Discovery Silver Corp. (TSX-V: DSV, OTCQX:DSVSF) (“Discovery” or the “Company”) is pleased to announce results from the first 15 Feasibility Study drill holes on its flagship Cordero silver project (“Cordero” or “the Project”) located in Chihuahua State, Mexico. These holes consisted of upgrade and expansion drilling of the proposed open pit and were drilled subsequent to the data cut-off date for the PreFeasibility Study (“PFS”). The Pre-Feasibility Study is progressing well and remains on track to be delivered in early 2023.