Vancouver, Canada: Radius Gold Inc. (TSX-V: RDU) is pleased to report that the phase three diamond drill program at its Amalia Gold-Silver Project in Chihuahua, Mexico has been completed. The high-grade mineralized shoot discovered at Amalia in December 2018 has been extended at depth and remains open to expansion. Defining its extents and new high-grade shoots will be the goal of phase four drilling. Pan American Silver Corp., the project operator, has provided final assay results including intervals of 23 m at 4.61 g/t Au and 41 g/t Ag (AMDD19-016), 1.3 m at 12.5 g.t Au and 2320 g/t Ag and 13.7 m at 1.39 g/t Au and 22 g/t Ag. Radius is also pleased to announce that it has acquired an option to acquire the adjacent 800-hectare Palmillas Property which hosts high-grade epithermal silver-gold mineralization, outcropping 1.8 km north west along strike from the reported drilling at Amalia.
TORONTO, Ontario, January 13, 2020 – Torex Gold Resources Inc. (the “Company”) (TSX: TXG) announces an updated resource estimate for the Media Luna project, which includes an Indicated resource of 2.24 million gold equivalent ounces at a gold equivalent grade of 5.55 g/t and an Inferred resource of 4.56 million gold equivalent ounces at a gold equivalent grade of 4.23 g/t. Of the gold equivalent metal inventory (comprising the Indicated and Inferred resource categories), 58% of the contained metal value is attributable to gold, 34% to copper, and 8% to silver.
RENO, NV / ACCESSWIRE / January 13, 2020 / Magellan Gold Corporation (OTCQB:MAGE) (“Magellan” or the “Company”) today announced it has entered into a binding Letter of Intent to sell 100% of its Silver District project in La Paz County, Arizona, to NV Gold Corporation (TSXV: NVX, US: NVGLF) for cash, NVX shares, and a minimum work commitment over a five-year period.
HALIFAX, Jan. 14, 2020 /CNW/ – GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF)
(“GoGold”, “the Company”) is pleased to report record production for the quarter ending December 31, 2019 of 584,988 silver equivalent ounces, consisting of 379,082 silver ounces and 2,407 gold ounces, a slight increase from the previous quarter and record of 580,711.
VANCOUVER, Canada, January 10, 2020, Sonoro Metals Corp., (TSXV: SMO | OTCQB: SMOFF | FRA: 23SP), (“Sonoro” or the “Company”), has granted, under its Share Option Plan, incentive stock options to certain directors, officers and consultants of the Company to purchase an aggregate of 3,040,000 common shares exercisable for a period of up to three years from the date of grant at a price of $0.15 per share. This grant is subject to acceptance for filing by the TSX Venture Exchange.
TORONTO, Jan. 7, 2020 /CNW/ – Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) (“Agnico Eagle”) announced today that it was issued (the “Issuance”) 10,400,000 common share purchase warrants (the “2026 Warrants”) of Orla Mining Ltd. (TSX-V: OLA) (“Orla”) on December 18, 2019 in connection with, and as consideration for the funding commitments provided by Agnico Eagle under, the previously announced loan agreement dated December 18, 2019 (the “Loan Agreement”) between, among others, Orla and Agnico Eagle. Each 2026 Warrant entitles the holder to acquire one Common Share at a price of $3.00 at any time prior to December 18, 2026.
Toronto and New York – January 7, 2020 – Magna Gold Corp (TSXV: MGR, OTCQB: MGLQF) (“Magna” or the “Corporation”), is pleased to report positive gold assays from San Judas. The terms of the acquisition of San Judas property are detailed in our September 30, 2019 press release.
VANCOUVER, Canada – (January 9, 2020) Oroco Resource Corp. (TSX-V: OCO) (“Oroco” or “the Company”) is very pleased to announce the registration, in the Mexican Public Registry of Mining, of the transfer of all seven core concessions of the Santo Tomás copper porphyry project to Xochipala Gold, S.A. de C.V. (“XG”). XG is now the registered holder of a 100% interest in each of the seven concessions. XG is a subsidiary of Altamura Copper Corp. (“Altamura”), a B.C. company whose shares are subject to an irrevocable share purchase option held by Oroco.
TORONTO–(BUSINESS WIRE)– Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“SierraMetals” or the “Company”) today announces that, as a result of the Company entering into a new phase as a generator of free cash flow, it is now in a position to start returning capital to its shareholders. In this regard, the Company’s board of directors (the “Board”) has approved a plan to return up to US$30 million to shareholders in the coming year.
Kootenay Silver Inc. (TSXV: KTN) (the “Company” or “Kootenay”) is pleased to announce assay results from the last seven core drill holes competed from its 2019 drill program at its Columba high-grade silver project (the “Property”), located in Chihuahua State, Mexico.