Market Update 17/7/2020

Moneta drills 35.5 m of 2.96 g/t Au at Westaway

Moneta Porcupine Mines Inc. has released the results from the final two drill holes testing the southern extensions of the new Westaway target from the current drill program. Westaway is located outside of the updated November 2019 NI 43-101 mineral resource estimate and the drill holes are part of the 2019/2020 winter drill program completed on the Company’s Golden Highway Project, 110 km east of Timmins, Ontario.

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https://www.monetaporcupine.com/

Anaconda Mining arranges $5.51M private placement

Anaconda Mining Inc. has arranged a non-brokered private placement for aggregate proceeds of up to $5.51-million, consisting of up to 9.5 million flow-through common shares of the company at a price of 58 cents per FT share. Each FT share will qualify as flow-through shares within the meaning of the Income Tax Act (Canada). As part of the offering, the company is pleased to welcome SSI Asset Management Ltd., an independent asset management firm with an emphasis on precious metals and mining, as a long-term shareholder of Anaconda.

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http://www.anacondamining.com/

Amarillo Gold receives water use permit for Posse

Amarillo Gold Corp. has achieved another major milestone on its project development schedule for its flagship Posse gold project in Goias state, Brazil. The company has received a water use permit for its proposed mine from the National Water Agency. Receiving this permit is a precondition to receiving the licence to install, expected in the third quarter of 2020.

Brazil has a clear mining regime that includes a transparent, three-stage permitting process:

  1. Preliminary licence — This is the most important part of the process and requires environmental baseline studies, community engagement and public hearings. Amarillo received this licence in May, 2016.
  2. Licence to install — This licence authorizes the company to build and commission the mine. Amarillo submitted its application for the licence to install in December, 2019, and expects to receive it in the third quarter of 2020.
  3. Operating licence — This licence is submitted once a mine has been commissioned and requires an inspection of the mine and plant to ensure compliance with codes and provisions of previous licences. Amarillo expects to submit this licence in the third quarter of 2022.

http://www.amarillogold.com/

Alpha Li releases Tolillar geophysics program results

Alpha Lithium Corp. has completed its analysis of the first phase of Alpha’s high-powered vertical electrical sounding (VES) geophysics program. This has resulted in the identification of what is believed to be significant brine deposits extending across the majority of the relatively small portion of the Tolillar salar that was investigated.

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https://alphalithium.com/

Prime Mining plans exploration at Los Reyes

Prime Mining Corp. has provided an update regarding the initial phase of exploration planned for its Los Reyes gold and silver project in Sinaloa, Mexico. The program is expected to cost approximately $6 million and has a targeted completion date of late Q1/2021.

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http://www.primeminingcorp.ca/

Abraplata Resource 43,478,261-share private placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 23, 2020.

Number of shares:  43,478,261 shares

Purchase price:  11.5 cents per share

Warrants:  43,478,261 share purchase warrants to purchase 43,478,261 shares

Warrant exercise price:  17 cents for a two-year period

Number of placees:  60 placees

Insiders:  RF Securities Clearing LP in trust for (Eric Sprott), 26 million; John Miniotis, 404,347; Sam Yee Cheng Leung, 391,304; Flora Emily MacKay Wood, 86,957; Katherine Miniotis, 86,957

Total pro group involvement:  1,024,500 (eight placees)

Finders’ fees:  $7,500.75 payable to Haywood Securities Inc.; $3,691.50 payable to Canaccord Genuity Corp.; 2,086,800 broker warrants, each exercisable at 15 cents per share for a period of two years, payable to Clarus Securities Inc.

http://www.abraplata.com/

Generation sells four million Major Precious shares

Generation Mining Ltd. has filed an early warning report announcing that it has disposed of four million common shares of Major Precious Metals Corp. through a private secondary market share purchase transaction. Prior to the disposition, the company beneficially owned and controlled 12.6 million common shares of Major Precious Metals. Following the disposition of the disposed shares, the company beneficially owns and controls 8.6 million common shares of Major Precious Metals, representing approximately 7.7 per cent of Major Precious Metals’ issued and outstanding common shares on an undiluted basis.

http://www.genmining.com/

Tristar Gold 30,705,000-unit prospectus offering

Effective July 7, 2020, the company’s short form prospectus dated July 6, 2020, was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the British Columbia and Ontario securities commissions, pursuant to the provisions of the British Columbia and Ontario securities acts.

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http://www.tristargold.com/

Blue Lagoon to drill Dome Mountain July 20

Blue Lagoon Resources Inc. has initiated mobilization for its planned phase one drilling program at the company’s Dome Mountain gold project located a short 50-minute drive from the town of Smithers, B.C.

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https://www.bluelagoonresources.com/

Avino Silver produces 158,286 AgEq oz Au in Q2

Production of 158,286 silver equivalent ounces*, 50,581 silver ounces, 459,767 copper pounds and 404 gold ounces was achieved in the second quarter 2020 from Avino Silver & Gold Mines Ltd.’s Avino mine property near Durango, Mexico.

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http://www.avino.com/

Golden Minerals signs LOI to option Santa Maria project

Golden Minerals Company has signed a letter of intent with Fabled Copper Corp. for a transaction that, if executed, would grant Fabled the option to acquire a 100-per-cent interest in Golden’s Santa Maria silver-gold project located in Chihuahua state, Mexico.

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http://www.goldenminerals.com/

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