motherlodetv.net
Tom Larsen, CEO of Eloro Resources (ELO.V), knows that the company’s Iska Iska silver tin deposit in Bolivia is big. Just how big is being delineated with a significant drilling program. A full 43-101 mineral resource is expected in Q3 of 2022.
Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro” or the “Corporation”) is pleased to announce that Mr. Peter Marrone, a shareholder of Eloro, has agreed to serve as an independent advisor to provide support and strategic advice to management on matters of project advancement and business development in relation to its Iska Iska project.
GR Silver Mining Ltd. (“GR Silver Mining” or the “Company”) (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) is pleased to report that it has filed its final short form prospectus dated May 30, 2022 (the “Prospectus“) and obtained a receipt (the “Final Receipt“) with the securities regulatory authorities in the Provinces of British Columbia, Alberta, Manitoba and Ontario. The Prospectus qualifies the distribution of an aggregate of 27,236,755 units of the Company (each a “Unit“), which are issuable for no additional consideration upon the deemed exercise of 27,236,755 special warrants (each a “Special Warrant“) which were sold pursuant to a brokered private placement offering (the “Offering“) completed by the Company on March 29, 2022 (the “Closing Date“). The Special Warrants were sold at a price of $0.27 per Special Warrant for aggregate gross proceeds of $7,353,923.85. The Offering was conducted by Beacon Securities Limited and Red Cloud Securities Inc., as co-lead agents, and Echelon Wealth Partners Inc. (collectively, the “Agents“).
The Offering will now consist of approximately 35,714,286 Units of the Company at CDN $0.056 per Unit, for gross proceeds of approximately $2.0 million. Each Unit is comprised of one common share (a “Share“) and one full three-year common share purchase warrant (a “Warrant“). Each Warrant entitles the holder thereof to acquire one additional Share at a price of CDN $0.10 per Share, until the date that is 36 months from the closing (the “Closing“) of the Offering. All the Shares and Warrants issued in connection to the Offering are subject to a statutory hold period expiring four months and one day from the date of issuance.
Great conversation with five great women who are making a difference in junior resources.
Lucky Minerals Inc. (TSXV:LKY) (OTC PINK:LKMNF), (FRA:LKY) (“Lucky” or the “Company“) is pleased to announce a non-brokered private placement (the “Offering“) of up to 33,000,000 units (“the Units“) for gross proceeds of up to approximately CDN $1.848 million. Investors in the Offering include Michael Gentile, CFA who as a result of the Offering, intends to increase his share ownership in the Company potentially up to approximately 19.9% on a partially diluted basis.
Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF); (FSE:TV3), is pleased to announce drill results from its Pilar Au-Ag Project in Sonora, Mexico. Results for core drill holes JES-22-61 and JES-22-64 are provided in this release, both Main Zone extension targets infilling a gap and stepping out from holes JES-22-59 (116.9m at 1.2 g/t Au) and JES-22-62 (108.6m at 0.8 g/t Au) (see Figure 1). JES-22-61 returned 63.4-meters at 0.6 g/t Au and 11 g/t Ag, including 29.9-meters at 0.9 g/t Au and 18 g/t Ag. Within the broader mineralized interval, consistent gold mineralization was recorded within a silicified sulphide-bearing breccia returning 8.9-meters at 2.1 g/t Au, 45 g/t Ag and 6.1% Zn, the highest consistent base-metal mineralization drilled to date (see Plate 1). JES-22-64 was successful in intersecting a broad anomalous gold zone, indicating mineralization continues further to the southeast.
Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), (“Blue Sky” or the “Company”) announces that it has made an application to the TSX Venture Exchange to extend the term of the outstanding warrants as follows:
Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce assay results from an additional four (4) diamond drill holes from its on-going drilling program at the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia. Holes DSBU-08, DSBU-07 and DSBU-04 are underground holes drilled from the Santa Barbara adit to test the southwestern and southern extension of the higher-grade mineralized zone. Surface drill hole DSB-26 tested the northwest extension of the Santa Barbara mineralized zone approximately 800m northwest of the Santa Barbara adit underground drill bay. Drilling is currently focussed primarily on the Santa Barbara Resource Definition Drilling Area with two surface drills and one underground drill. One surface drill is completing holes in the Porco area to test for a potential tin porphyry as suggested by the 3D inverse magnetic model (see Eloro press release dated March 1, 2022).
GR Silver Mining Ltd. (“GR Silver Mining” or the “Company”) (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – announces high-grade silver (Ag) results from underground infill drilling at the Plomosas Project in Sinaloa State, Mexico. The results continue to support the potential to increase Ag grades in the Plomosas Mine Area resource. The drilling targeted high grade Ag mineralization in the upper levels of the underground workings, in areas where unsampled intervals from historical drill holes within the 2021 resource block model were previously assigned zero values.