- Prime Mining (PRYM) has exercised 19,040,256 common share purchase warrants, generating gross proceeds of C$9.52 million
- The warrant exercise will provide funding for ongoing exploration at Los Reyes
- Prime Mining is planning new drill hole locations for Phase 2 and is actively preparing for a large drill program at Los Reyes
- Los Reyes is a district-scale gold-silver project located in Mexico
- Prime Mining Corp is focused on the exploration and development of mineral resource properties
- Prime Mining Corp. (PRYM) opened trading at C$3.59 per share
Prime Mining (PRYM) has exercised 19,040,256 common share purchase warrants, generating gross proceeds of C$9.52 million.
Prime CEO Daniel Kunz commented on the warrant exercise.
“As we continue to unlock value for our shareholders, the exercise of these warrants strengthens our cash position for ongoing exploration at Los Reyes. We are actively planning new drill hole locations for Phase 2 and have added a third drill contractor who begins drilling now in preparation for the much larger program.”
Los Reyes Gold and Silver Project
Los Reyes is a district scale low sulphidation epithermal gold-silver project located in a prolific mining region of Mexico. Historic data coupled with an existing and recently updated resource estimate has provided sufficient understanding to fast-track the project to production. However, there is substantial resource expansion upside based on open extensions of known deposits, multiple untested high priority exploration targets, and only 40% of the known structures systematically explored leaving 10 kilometres of untested strike length. Potential for significant growth of the resource remains strong.
Prime Mining Corp is engaged in the acquisition, exploration, and development of mineral resource properties, targeting high-value and specialty metals.
Prime Mining Corp. (PRYM) opened trading at C$3.59 per share.
