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Kootenay Silver Set to Commence Stage One of the Next 50,000 Meters of Drilling at Columba High-Grade Silver Project, Mexico
Prnewswire· 2025-07-21 19:57
Core Viewpoint - Kootenay Silver Inc. is set to commence a staged drilling program aimed at expanding its silver resource at the Columba project, following a successful maiden resource announcement of 54 million ounces of silver at a grade of 284 gpt [1][3]. Group 1: Drilling Program - Drill crews are scheduled to arrive by the end of July 2025, with the first drill starting in early August and a second drill following ten days later [1]. - The initial phase of the drilling program will involve 25,000 to 30,000 meters focused on expanding existing resource bodies in the D, F, and B/Lupe veins, which remain open for further exploration [2]. Group 2: Resource Estimates - The maiden resource estimate for the Columba project includes 5.92 million tonnes grading 284 gpt silver, 0.19% lead, and 0.50% zinc, translating to 54.1 million ounces of silver, 25.2 thousand tonnes of lead, and 65.6 thousand tonnes of zinc [4][6]. - The resource estimate is based on 17 epithermal veins and is exclusive of mined-out material [6][11]. Group 3: Financial Position - The company is fully funded for the drilling program, having recently closed a $20 million bought deal financing [2]. Group 4: Future Objectives - The company aims to increase its silver resource to over 100 million ounces, leveraging the open-ended nature of the vein zones for further exploration [3].
Honey Badger Expands Land Position at Plata by 26% Based on Newly Defined Targets
Newsfile· 2025-07-21 11:00
Core Viewpoint - Honey Badger Silver Inc. has significantly expanded its claim package at the Plata project in the Yukon, which is expected to enhance exploration opportunities for high-grade silver and gold mineralization [1][2]. New Targets and Claims - The company staked 95 new claims covering 1,985.50 hectares, resulting in a total of 465 claims over 9,718.50 hectares, marking a 25.7% increase in property size [3]. - The new claims are strategically positioned to cover potential extensions of mineralization targets, particularly in the northwest part of the Plata project [5]. - Historical mineral showings, such as the Keg occurrence, have revealed high-grade samples with up to 223 g/t Ag, 3 g/t Au, and significant concentrations of Zn, Pb, and Cu [5]. - The new claims also encompass two Mayo suite intrusions, which are associated with potential "Snowline-style" Reduced Intrusion Related Gold System (RIRGS) targets, with approximately 50% of Mayo Suite intrusions in the region containing gold mineralization [5]. About Plata - The Plata project is located in the Tombstone Gold Belt of east-central Yukon and has a history of producing approximately 290,000 ounces of silver from high-grade veins [6]. - The project is being developed with an understanding of its potential as part of a larger mineralized system, similar to the Keno Hill Silver Mine, which is one of the highest-grade silver deposits globally [6]. - The exploration strategy includes evaluating the potential for large gold deposits alongside high-grade silver vein potential [6]. Company Overview - Honey Badger Silver is led by an experienced team with a strong track record in value creation and operates in regions with a rich mining history [8]. - The company also holds other significant projects, including the Sunrise Lake project with a historic resource of 12.8 million ounces of silver and the Clear Lake project with a historic resource of 5.5 million ounces of silver [8].
Vizsla Silver Corp. (VZLA) Upgraded to Strong Buy: Here's Why
ZACKS· 2025-07-18 17:01
Core Viewpoint - Vizsla Silver Corp. has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, indicating a positive outlook for the company's stock price [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the importance of earnings estimate revisions, which have a strong correlation with near-term stock price movements [4][6]. - For Vizsla Silver Corp., the Zacks Consensus Estimate has increased by 33.3% over the past three months, reflecting a positive change in earnings outlook [8]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade of Vizsla Silver Corp. to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].
Silver Mountain Announces C$15 Million Bought Deal
Newsfile· 2025-07-17 20:48
Core Viewpoint - Silver Mountain Resources Inc. has entered into a bought deal agreement to raise C$15,002,000 through the sale of 11,540,000 units at a price of C$1.30 per unit, with potential for additional proceeds if the over-allotment option is exercised [1][3]. Group 1: Offering Details - The offering consists of units, each comprising one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at C$1.70 for 24 months post-offering [2]. - An over-allotment option allows underwriters to purchase an additional 1,730,000 units within 30 days of the closing date, potentially increasing total gross proceeds to C$17,251,000 if fully exercised [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for the development of the Reliquias mine, Caudalosa plant, related facilities, and for general corporate purposes [5]. Group 3: Regulatory and Distribution Information - The units will be offered via a prospectus supplement in Canada, private placements in the U.S., and in other jurisdictions as agreed upon by the company and underwriters [4]. - The offering is subject to regulatory approvals, including that of the TSX Venture Exchange, and is expected to close around July 29, 2025 [5]. Group 4: Company Overview - Silver Mountain is a Canadian mining company focused on developing silver and polymetallic projects in Peru, with its flagship asset being the Reliquias Project located in a well-established mining district [8].
Honey Badger Silver Announces Closing of Second Tranche of Previously Announced Private Placement and an Incremental Financing
Newsfile· 2025-07-17 19:43
Core Viewpoint - Honey Badger Silver Inc. has successfully closed the second tranche of its non-brokered private placement, raising gross proceeds of $465,000 through the issuance of 4,650,000 units at a price of $0.10 per unit [1][4]. Financing Details - Each unit consists of one common share and one half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at an exercise price of $0.15 until January 16, 2027 [2]. - The company plans to conduct an additional non-brokered private placement offering of up to 5,327,273 additional units at a price of $0.11 per unit, potentially raising up to $586,000 [3]. - The additional financing is expected to close around July 23, 2025, pending necessary regulatory approvals [4]. Use of Proceeds - The net proceeds from both the second tranche and the additional financing will be used to advance the company's properties, purchase silver royalties, and cover general administrative expenses [4]. Finder's Fees and Warrants - In connection with the second tranche, the company paid cash finder's fees of $13,300 and issued 133,000 non-transferable finder's warrants, each exercisable at C$0.15 until January 16, 2027 [5]. - For the first tranche, the company issued 7,692,353 common shares as flow-through shares at $0.13 per share and 9,860,000 units at $0.10 per unit, raising approximately $1.986 million [6]. Regulatory Compliance - The securities issued in the second tranche and those to be issued in the additional financing are subject to a four-month hold period under Canadian securities laws [7]. - The offering is contingent upon final approval from the TSX Venture Exchange [9]. Insider Participation - Certain insiders are expected to participate in the additional financing, which may be classified as a "related party transaction" under Multilateral Instrument 61-101 [10]. Options Granted - The company granted 4,000,000 options to acquire common shares to certain officers, employees, and consultants, with an exercise price of $0.12 per share and a five-year term [11]. Company Overview - Honey Badger Silver is a silver-focused company with projects in historically significant mining areas, including the Sunrise Lake project and the Clear Lake project, which have substantial historical resource estimates [13][14].
Kuya Silver Adds to Known Silver Mineralization at Bethania Project by Discovering New Silver Vein Zone and Expanding Surface Mineralization at Previously Identified Prospects
Newsfile· 2025-07-17 11:00
Kuya Silver Adds to Known Silver Mineralization at Bethania Project by Discovering New Silver Vein Zone and Expanding Surface Mineralization at Previously Identified ProspectsJuly 17, 2025 7:00 AM EDT | Source: Kuya Silver CorporationNumerous mineralized veins identified in the new Millococha (Oueste and Norte) zones with grab samples up to 2,630 g/t silverOther priority zones expanded, increasing the overall strike length of mapped and sampled silver vein mineralization, outside of the Bethan ...
First Andes Silver Closed First Tranche of Private Placement
Newsfile· 2025-07-17 01:04
Core Viewpoint - First Andes Silver Ltd. has successfully closed the first tranche of its non-brokered private placement financing, raising gross proceeds of $1,017,000 by issuing 10,170,000 units at a price of $0.10 CAD per unit [1][4]. Group 1: Financing Details - Each unit consists of one common share and one-half of a share purchase warrant, with each whole warrant exercisable at $0.15 CAD per share for two years [2]. - The securities issued are subject to a four-month resale restriction, and the company paid a finder's fee of $42,350 along with 423,500 share purchase warrants [3]. - The second tranche of the offering is expected to close within seven days, pending acceptance from the TSX Venture Exchange [4]. Group 2: Use of Proceeds - Proceeds from the first tranche will be utilized to expand the current drill program at the Santas Gloria silver property and for general working capital [4]. Group 3: Company Overview - First Andes Silver Ltd. holds a 100% interest in the Santas Gloria silver property, located 55 km east of Lima, Peru, which features established road access and is situated in a known mining district [5]. - The property hosts over 12 km of multiphase veins that had not been historically drilled or explored using modern techniques prior to 2024 [5]. - The company's maiden diamond drill program reported high-grade silver across all drilled vein systems, confirming the silver endowment and necessitating high-priority follow-up drilling in 2025 [5].
First Andes Silver Increases Private Placement to $1,350,000 CAD
Newsfile· 2025-07-16 00:26
Group 1 - First Andes Silver Ltd. has increased its non-brokered private placement financing from 10,000,000 units at $0.10 CAD per unit to 13,500,000 units at the same price, resulting in gross proceeds of up to $1,350,000 CAD [1] - Each unit consists of one common share and one-half of a share purchase warrant, with each whole warrant exercisable at $0.15 CAD per share for two years [2] - The proceeds will be used to expand the current drill program at the Santas Gloria silver property and for general working capital [3] Group 2 - First Andes Silver Ltd. holds a 100% interest in the Santas Gloria silver property, located 55 km east of Lima, Peru, which has over 12 km of multiphase veins mapped at surface [4] - The property has excellent road access and is situated within a well-known intermediate sulfidation epithermal belt, with high-grade silver reported from the maiden diamond drill program in 2024 [4]
Silver North $2.1 Million Non-Brokered Flow-Through Private Placement Fully Subscribed
Thenewswire· 2025-07-15 11:30
Core Viewpoint - Silver North Resources Ltd. is conducting a non-brokered private placement to raise funds through two offerings: a flow-through unit offering and a non-flow-through unit offering, aimed at supporting exploration and administrative expenses. Group 1: Private Placement Details - The FT Unit Offering has been fully subscribed, aiming to raise up to $2,100,000 at a price of $0.21 per unit, each unit consisting of one common share and one-half warrant [2][6] - The HD Unit Offering is set to raise an additional $500,000 at a price of $0.15 per unit, also comprising one common share and one-half warrant [3][6] - Each warrant from both offerings allows the holder to purchase one common share at an exercise price of $0.35 for a period of 48 months [2][3] Group 2: Use of Proceeds - Proceeds from the FT Units will be allocated for exploration and related programs on the Haldane and GDR mineral properties in the Yukon Territory [4][12] - Funds from the HD Units will be utilized for general and administrative expenses and project pipeline development [4] Group 3: Tax and Regulatory Compliance - The company will incur eligible "Canadian exploration expenses" from the FT Unit proceeds, renouncing these expenditures to subscribers by December 31, 2025 [5] - The offerings are subject to regulatory approvals, including compliance with the TSX Venture Exchange policies [6][10] Group 4: Exploration Plans - A 10-hole diamond drilling program is planned at the Haldane project to target expansion of silver-lead-zinc mineralization, with previous drilling returning significant silver grades [13] - Exploration activities will also include a prospecting, sampling, and mapping program at the GDR project, focusing on a geochemical anomaly [12] Group 5: Company Overview - Silver North Resources Ltd. owns the Haldane Silver Project, Tim Silver Project, and GDR project, with plans to acquire additional silver properties in favorable jurisdictions [14] - The company is listed on the TSX Venture Exchange under the symbol "SNAG" and trades on the OTCQB market in the United States under the symbol "TARSF" [15]
Kuya Silver Reports Strong Q2 Production Growth with 87% Increase in Mineralized Material Mined
Newsfile· 2025-07-15 11:00
Core Viewpoint - Kuya Silver Corporation reported significant operational advancements at the Bethania silver project during Q2 2025, highlighted by an 87% increase in mineralized material mined and ongoing efforts to ramp up production towards a target of 100 tonnes per day by Q3 2025 [1][2][3] Production Highlights - Mineralized material mined increased from 654.8 tonnes in Q1 2025 to 1,224.4 tonnes in Q2 2025, marking an 87% increase [4] - Development metres advanced significantly, with 262.9 metres achieved in Q2 2025 compared to 161.0 metres in Q1 2025 [4] - Average silver grades improved from 9.05 oz/t in Q1 to 10.73 oz/t in Q2, while lead grades rose from 2.60% to 3.64% [7] Operational Developments - The company is enhancing its operational infrastructure with the installation of pneumatic shovels and other critical equipment to support increased production rates [3][11] - As of early July, the Bethania mine had opened ten working faces, with four actively operating, which is essential for achieving the target production rate [11] Revenue Generation - Kuya Silver successfully shipped 1,761 wet tonnes of historical silver concentrate from the Silver Kings Project, generating provisional revenue of USD $1.18 million [14] - The average realized price for silver increased to $36.44/oz in Q2 2025, contributing to overall revenue growth [5] Community Engagement - The company initiated a road maintenance program covering 11.6 kilometers to ensure safe access for personnel and efficient transport of equipment [12]