The seller, Metals Creek Resources, wants to focus on its Dona Lake gold project in Ontario.

According to the company, estimated proven and probable reserves increased by 142,267 oz. gold as of June 30, up 28% from the previous estimate.

"The prospect of a serious reserve crisis is looming," said Mark Bristow.

Company said it didn’t expect a material impact on production or shipments.

According to the miner, the property covers ground prospective for vein-hosted precious metal deposits.

The Mansa Musa gold-silver property will be developed by private investors supported by GEXEG S.A.C.

Drill rig arrived at Cerro Quiroz, as crews prepare to recommence drilling at the project, located approximately 8km of SolGold's flagship Alpala deposit.

The miner said most of its efforts are going to be on this property, adjacent to Melkior Resources- Kirkland Lake Gold’s Carscallen project.