Cartier Resumes Drilling on the Chimo Mine Property
Highlights:
Month: May 2020
GR Silver Mining Identifies High-Grade Gold-Silver Area at Plomosas Project: 1.8 m at 30.6 gpt Au and 118 gpt Ag (3,092 gpt AgEq*), including 0.6 m at 86 gpt Au and 36 gpt Ag (8,378 gpt AgEq*)
GR Silver Mining Ltd. (TSXV: GRSL, FRANKFURT: GPE, OTCQB: GLYXF) (“GR Silver Mining” or the “Company”) – is pleased to report high-grade drill results at its 100% owned Plomosas Silver Project (“Plomosas Project”) in Sinaloa, Mexico. These results are located in the Plomosas Mine Area, one of six priority areas with a combination of recent (2016 to 2018) and historical drill data being released by the Company (See Drone Image).
Cartier: Bringing in the Million
Cartier Resources’ (V.ECR) announcement of a revised 43-101 Resource Estimate with over one million ounces indicated and inferred at its Chimo mine in Quebec was not actually a surprise. CEO Philippe Cloutier told motherlodetv.net what the company was going to do back in February,
Renforth: Two Pits for Pennies
Nicole Brewster, Renforth Resources (C.RFR) put out a news release today announcing a pit constrained gold Mineral Resource Estimate for Renforth’s wholly-owned New Alger Property, located on the Cadillac Break, in Cadillac, Quebec, contiguous to the historic O’Brien Mine and the LaRonde Mine. This is the second pit constrained resource the company has announced in all of two weeks.
Renforth Releases New Alger Gold Mineral Resource Estimate
Renforth Resources Inc. (CSE:RFR)(OTC PINK:RFHRF)(WKN – A2H9TN) (“Renforth” or the “Company”) is pleased to provide shareholders with a pit constrained gold Mineral Resource Estimate for Renforth’s wholly owned New Alger Property, located on the Cadillac Break, in Cadillac, Quebec, contiguous to the historic O’Brien Mine and the LaRonde Mine. This Mineral Resource Estimate has been calculated by P&E Mining Consultants Inc. of Brampton, Ontario, with an effective date of April 30th, 2020, using only assay data from between 2007 and the first hole (of four in that program) drilled by Renforth at New Alger earlier this year. Renforth has in its possession all the core from 2007 to date.
NexGen Appoints Anthony (Tony) George as Chief Project Officer
NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE, NYSE MKT: NXE) is pleased to announce the appointment of Tony George to the position of Chief Project Officer. Mr. George will commence in mid June and be responsible for execution of the Company’s 100% wholly owned Rook I Project through to production.
Renforth: A Deposit Grows Up
Once again Nicole Brewster at Renforth Resources (C.RFR) sends a great note to accompany the company’s most recent press release,
GR Silver Mining Upsizes Bought Deal Financing to $8.1 Million
GR Silver Mining Ltd. (TSXV: GRSL, FRANKFURT: GPE, OTCQB: GLYXF) (“GR Silver Mining” or the “Company”) – is pleased to announce that it has further increased the size of its previously announced brokered private placement offering (“Offering“) of units (“Units“) in order to accommodate participation by First Majestic Silver Corp. (TSX: FR, NYSE: AG), an existing major shareholder of the Company, in the Offering.
GR Silver Mining Announces Upsize to Bought Deal Financing
GR Silver Mining Ltd. (TSXV: GRSL, FRANKFURT: GPE, OTCQB: GLYXF) (“GR Silver Mining” or the “Company”) – is pleased to announce that it has amended the terms of its previously announced offering of units of the Company. Under the amended terms of the Offering (as defined below), Beacon Securities Limited (the “Lead Underwriter“), as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the “Underwriters“) has agreed to purchase, on a “bought deal” private placement basis, 26,000,000 units (“Units“) of the Company at a price of $0.27 per Unit (the “Issue Price“), for aggregate gross proceeds to the Company of $7,020,000 (the “Offering“). Each Unit will consist of one common share in the capital of the Company and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will be exercisable to acquire one common share for a period of 12 months following closing of the Offering at an exercise price of $0.40 per share.