Tag: gold

GCM Mining Announces May 2022 Production; Declares July 15, 2022 Monthly Dividend

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GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that its Segovia Operations produced 18,507 ounces of gold in May 2022, up from 17,936 ounces of gold in May last year. This brings the total gold production for the first five months of 2022 to 86,779 ounces, up from 84,467 ounces in the first five months last year. Segovia’s trailing 12-months’ total gold production at the end of May 2022 was 208,701 ounces, up about 1% over 2021. Expansion of the Company’s processing plant at Segovia to 2,000 tonnes per day (“tpd”) is nearing completion and is expected to be finished in July. The Company is on track to meet its annual production guidance for 2022 of between 210,000 and 225,000 ounces of gold. read more

Tocvan Announces Closing of Private Placement and Executes Term Sheet for $5.125M Financing

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CSE:TOC, TocVan Ventures, gold, mexico

Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF); (WKN:TV3/A2PE64), is pleased to announce it has executed a binding term sheet in connection with a proposed financing for $5,125,000.00 (CAD) (the “Proposed Financing”) with an institutional investor, the terms of which will be announced once all due diligence has been completed, which is expected by June 30, 2022. The Company has agreed to pay a refundable due diligence deposit of $75,000 (CAD) (the “Deposit Shares”) via the issuance of 81,522 common shares of the Company at a deemed issue price of $0.92 per common share. read more

Cartier Iron Provides Update on Exploration for Low Sulphidation Gold-Silver Epithermal Mineralization at Big Easy, Newfoundland

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Cartier Iron Corporation (CSE:CFE) (“Cartier Iron” or the “Company”) carried out a 17-hole diamond drill program totaling 9,470.6m in winter 2022 to test significant resistivity anomalies along a major north-northeast trending structural break outlined by the Controlled Source Audio Magneto-Telluric (“CSAMT”) survey in the Central Anomaly – Big Easy Showing Area (see Cartier Iron’s May 10, 2022 press release). Although assay results returned only geochemically anomalous values of silver, all the drill holes intersected wide sections of interbedded rhyolite and siltstone up to 150m thick in the lower part of the Musgravetown Group. Hydrothermal alteration is very extensive consisting primarily of silicification and phengite micas. read more

Tocvan Discovers NEW Parallel Trend to the Main Zone in Exploration Drilling at Pilar

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CSE:TOC, TocVan Ventures, gold, mexico

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 drill holes JES-22-63 and JES-22-65 are provided in this release, both testing parallel trends to the Main Zone (see Figure 1). JES-22-63 returned 54.9-meters at 0.3 g/t Au and 5 g/t Ag from 6.1-meters depth, including 13.7-meters at 0.6 g/t Au and 13 g/t Ag and 9.2-meters at 0.6 g/t Au and 3 g/t Ag. JES-22-63 was a RC reconnaissance drill hole testing a 200-meter gap between the Main Zone and 4-T Trend (see Plate 1). JES-22-65 was successful in intersecting a broad anomalous zone in the 4-T Trend, with elevated zinc (weight averaged >500 ppm) from surface to 81.2-meters down hole depth. Follow-up on each trend is warranted to evaluate the full extent of each. A total of 1,562 meters of Phase III drilling has been completed to date in nine drill holes providing key information across the Main Zone and 4-T Trend. read more

GR Silver Announces Receipt of Final Prospectus and Automatic Exercise of Special Warrants into Units

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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“). read more

Lucky Minerals Increases Non-Brokered Private Placement Financing To $2.0 Million And Adds Additional Strategic Investor, Victor Cantore

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Lucky Minerals Inc. (TSXV:LKY)(OTC PINK:LKMNF)(FRA: LKY) (“Lucky” or the “Company“) is pleased to announce that it has increased the previously announced (May 27, 2022 News Release) non-brokered private placement from 33,000,000 to up to 35,714,286 units (the “Units“) for gross proceeds of up to $2.0 million (the “Offering“). Investors in the Offering now include Mr. Victor Cantore, President and CEO of Amex Exploration in addition to previously announced Mr. Michael Gentile, CFA.

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. read more

Tocvan Drills 63.4-meters of 0.6 g/t Au and 11 g/t Ag, including 29.9-meters of 0.9 g/t Au and 18 g/t Ag at Pilar, Main Zone Extension

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CSE:TOC, TocVan Ventures, gold, mexico

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. read more