Tag Archives: Mogotes Metals

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Mogotes Metals Announces US$15 million Investment by Rio Tinto

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Mogotes Metals (TSX.V: MOG)

Announced that it has entered into a binding term sheet with Rio Tinto Exploration Canada Inc.under which Rio Tinto or an affiliated company will subscribe for 30,387,857 units of the Company at a price of C$0.70 per Unit for gross proceeds of approximately US$15,000,000, equivalent to C$21,271,500. Continue reading →

Mogotes Metals Drills 180 m at 0.98% Copper Equivalent at Filo Sur

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Mogotes Metals (TSX.V: MOG)

Provided an update on drilling results from its flagship Filo Sur project, located immediately south of, and along strike from, the Filo del Sol copper-gold-silver discovery being advanced by BHP and Lundin Mining.¹

While the Company awaits the final assay results today’s update confirms and expands the discovery at the Albor target, first made with hole FS_DDH_016. Continue reading →

Mogotes Metals Announce Major Gold Discovery

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Mogotes Metals (TSX.V: MOG)

Announced partial laboratory assay results from diamond drillhole FS_DDH_016 at the Company’s flagship Filo Sur project in Argentina, immediately along strike from BHP and Lundin Mining’s Filo del Sol copper-gold-silver discovery.

Assays received for the first 194 m within the 464 m deep hole confirm a continuous zone starting from 108 m depth of near surface, high-grade copper-gold-silver. Continue reading →

Mogotes Metals Drilling Update at Filo Sur

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Mogotes Metals Inc. (TSX.V: MOG)

Announced that four drill rigs are currently drilling multiple porphyry and epithermal targets at the Company’s Mogotes Filo Sur project, that adjoins the southern limit of the large BHP / Lundin Filo Del Sol Copper-Gold-Silver resource in the Vicuña district. Continue reading →

Mogotes Metals Financing and Carmel Daniele Joins the Board

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Mogotes Metals. (TSX.V: MOG)

Announced a non-brokered private placement through the issuance of 71,698,113 units at a price of $0.265 per Unit for aggregate gross proceeds of up to C$19,000,000.

The Company welcomes the participation of CD Capital Fund IV L.P., which, has subscribed for C$15,000,000 of the Offering. Continue reading →