Silver Storm Mining Ltd. (TSXV:SVRS)
Building the Next Latin American Silver Producer.
September 2023 has been a month of significant announcements and progress for Golden Tag Resources Ltd. (TSX.V: GOG | OTCQB: GTAGF | FSE: GTD), with several developments that are poised to make a meaningful impact on investors.
Investor outreach is of paramount importance in driving share prices for companies in the financial markets. Initiatives aimed at reaching out to existing and potential investors play a crucial role in competing for their attention in an increasingly crowded investment landscape. Effective outreach efforts, such as investor relations programs, roadshows, and communication through various platforms, not only create awareness but also foster trust and credibility. When a company successfully captures the attention of investors, it often translates into higher trading volumes as more individuals and institutions become interested in owning a piece of the company. This increased demand typically exerts upward pressure on share prices, as greater investor participation leads to a broader and more active market for the company’s stock. In essence, investor outreach serves as a powerful catalyst for enhancing a company’s visibility, attracting new shareholders, and ultimately driving share prices upward.
Golden Tag Resources is set to undergo a transformative change by rebranding itself as “Silver Storm Mining Inc.” This strategic move reflects the company’s goal to become a Latin American-focused silver producer, with the recent acquisition of the La Parrilla Silver Mine Complex in Durango, Mexico, serving as a crucial first step in this journey.
Greg McKenzie, President & CEO of Golden Tag, stated, “We see great opportunities to build shareholder value driven by a highly focused silver company successfully branded and marketed as ‘Silver Storm.’” The proposed name change is subject to regulatory and shareholder approvals, to be decided at the Annual General and Special Meeting of shareholders on October 30, 2023.
In addition to the name change, Golden Tag Resources has initiated a CDN$400,000 marketing program in 2023 using multiple online investor relations providers aimed at increasing investor awareness and improving trading liquidity of the company’s shares across multiple stock exchanges, including TSXV, OTCQB, and the Frankfurt Stock Exchange. This effort is designed to help investors understand the significant value proposition of owning shares in the company.
Greg McKenzie added, “This program, we believe, will help investors understand the significant value proposition of owning shares in Golden Tag.”
Golden Tag Resources has commenced drilling at its 100% owned La Parrilla Silver Mine Complex in Durango, Mexico. This complex has a history of production and profitability, with substantial in-place infrastructure, including a 2,000 tpd processing facility. The drilling program is designed to increase the Inferred Resource base and kick-start the goal of restarting production at La Parrilla Complex.
The 7,000-meter Phase 1 drill program will focus on infill and step-out drilling in proximity to existing mining infrastructure in key areas, such as Rosarios and Cuerpo 340 Veins, Quebradillas Underground, and San Marcos. These areas hold significant potential for resource expansion.
Golden Tag Resources looks forward to sharing the results of this exciting Phase 1 drill program as soon as assay results become available.
In summary, September 2023 has brought a wave of developments for Golden Tag Resources, with a strategic name change, efforts to enhance investor awareness and liquidity, and the commencement of drilling activities at the La Parrilla Silver Mine Complex. These initiatives signal a promising future for the company and its investors as it positions itself as a prominent player in the Latin American silver mining sector.
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