Gran Colombia Update and Outlook
Gran Colombia (T.GCM) published its quarterly and annual update on its gold mining operations in Columbia.
Tag: gold
Gran Colombia Gold Reports Fourth Quarter and Full Year 2020 Results; Provides Annual Update to Segovia’s Mineral Resource and Reserve Estimates
Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today the release of its audited consolidated financial statements and accompanying management’s discussion and analysis (MD&A) for the year ended December 31, 2020. All financial figures contained herein are expressed in U.S. dollars (“USD”) unless otherwise noted.
First Mining Gold: Pre-Feasibility at Springpole Lake, Ontario
First Mining Gold (T.FF) has just released a Pre-Feasibility Study on its Springpole Lake project in Ontario. The headline numbers tell the story, Pre-Tax NPV5% of US$1.5 billion, Pre-Tax IRR of 36%, Average Annual Gold Production of 335,000 ounces and AISC of US$577/oz in Years 1 through 9. Proven and Probable Reserves of 3.8 Moz Au, 20.5 Moz silver (“Ag”). These are big, profitable, numbers and First Mining Gold is pressing ahead to permitting its Springpole Lake project.
Eloro Resources Provides Update on Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Southern Bolivia
Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF FSE: P2QM) (“Eloro”, or the “Company”) is pleased to provide an update on its Iska Iska silver-tin polymetallic project in Potosi Department, southern Bolivia. To date, the Company has completed 26 diamond drill holes totalling 9,427 metres to test the Huayra Kasa Mine area, Santa Barbara Breccia Pipe (SBBP) and Central Breccia Pipe (CBP) targets. Results have been released for 18 of these holes (see press releases November 18, 2020 (DHK-01 to DHK-05), January 26, 2021 (DHK-06 to DHK-15) and February 23, 2021 (DHK-16, DHK-17 and DSB-01) with results pending for holes completed on SBBP (DSB-2 to DSB-08) and CBP (DCN-01).
Cartier Resources: Chimo Mine, 2 Million Gold Ounces on the Cadillac Break
Cartier Resources (V.ECR) has released a third, updated, resource estimate for its Chimo Mine Project: 684,000 indicated and 1,358,000 inferred gold ounces with the potential for more gold ounces in all directions and at depth. This pushes the Chimo Mine project over the 2-million-ounce mark.
Eloro Resources Closes C$25 Million Bought Deal Financing
Eloro Resources Ltd. (the “Company” or “Eloro”) (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce that it has closed its previously announced bought deal financing, including the exercise in full of the over-allotment option, of 6,670,000 units of the Company (“Units”) at a price of C$3.75 per Unit (the “Issue Price”) for aggregate gross proceeds to the Company of C$25,012,500 (the “Offering”). Each Unit consists of one common share (a “Common Share”) in the capital of the Company and one-half (1/2) of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”) of the Company. Each Warrant is exercisable to acquire one Common Share (a “Warrant Share”) at a price per Warrant Share of C$5.25 for a period of 24 months from the closing date of the Offering, provided that, the expiry date of the Warrants may be accelerated by the Company at any time following the six-month anniversary of the closing date of the Offering and prior to the expiry date of the Warrants if the volume-weighted average trading price of the Company’s Common Shares is greater than C$7.00 for any 20 consecutive trading days, at which time the Company may accelerate the expiry date by issuing a press release to announce the reduced warrant term, whereupon the Warrants will expire on the 20th calendar day after the date of such press release.
Etruscus Receives DTC Eligibility
Etruscus Resources Corp. (CSE: ETR) (OTC: ETRUF) (FSE: ERR) (the “Company” or “Etruscus”) is pleased to announce that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (“DTC“) in the United States. The Company’s shares currently trade on the OTC under the symbol “ETRUF“.
GR Silver Mining Drills Wide, High-Grade Silver Mineralization in the Plomosas Mine Area
21.0 m @ 377 g/t Ag, 0.23 g/t Au, 0.7 % Pb and 1.5 % Zn (466 g/t AgEq1) Including:7.0 m @ 633 g/t Ag, 0.20 g/t Au, 0.9 % Pb and 1.5 % Zn (726 g/t AgEq)
GR Silver Mining Ltd. (TSXV: GRSL) (FRANKFURT: GPE) (OTCQB: GRSLF) (“GR Silver Mining” or the “Company”) – is pleased to report results from the Company’s current core drilling program, demonstrating wide intercepts of silver mineralization from underground drilling in the Plomosas Mine Area at the Plomosas Silver Project (“Plomosas Project”) in Sinaloa, Mexico.