Zacatecas Silver Corp. successfully closed an oversubscribed private placement, raising C$3.75 million, with a strategic order from a global mining investment fund. A 4,000-metre drill program is in preparation to target high-priority El Cristo and Panuco vein systems in Mexico. Company insiders subscribed for 1,000,000 units for $60,000. The net proceeds will be used for exploration, community engagement, corporate purposes, and working capital. The company is actively evaluating acquisition opportunities in Mexico for portfolio growth. A 4,000-metre drill program is in preparation stages at El Cristo and Panuco, with drilling expected to start soon. Roadwork and drill pad construction are complete at Zacatecas Silver Project. Esperanza Gold Project is an attractive oxide heap leach deposit with significant scalability. The company has two key projects: the Zacatecas Silver Project in Zacatecas State and The Esperanza Gold Project in Morelos State, Mexico. The technical information in this news release has been reviewed and approved by Chris Wilson, Chief Operating Officer of Zacatecas Silver.
Read more at GlobeNewswire: Zacatecas Silver Announces Closing of Over-Subscribed
