Month: February 2016

Bacanora Announces Interim Results for Six Months Ended December 31, 2015

Peter Secker, CEO of Bacanora, said, “With Indicated lithium resources of 5.0 Mt LCE contained in 364 Mt of clay, at a Li grade of 2,600 ppm, Sonora is one of the world’s larger lithium deposits. During the period under review we commenced a PFS to establish the commerciality of a plant at Sonora with the potential to deliver up to 35,000 tonnes per annum of lithium carbonate, in a two phase process. We are highly encouraged by the progress made to date and we expect to be in a position to announce the results of the PFS in Q1, 2016.

Primero Provides Exploration Update; Black Fox Froome Zone Expanded With Intersection of Significant Continuity; New Vein Discovery at San Dimas

“We continue to demonstrate upside through exploration at our two operating mines,” stated Ernest Mast, President and Chief Executive Officer. “Continued investment in exploration is critical to maintaining successful underground mining operations, and we are pleased to see significant returns on our investment dollars. Primero will continue to explore and grow our mines with $9.1 million budgeted for exploration at San Dimas in 2016 and $8.9 million at Black Fox. The Company is committed to preserving the longevity of its key mines, ensuring stable revenue generation and secure employment for our workers for years to come.”

Riverside Wins Right to Stake Ariel Copper-Gold Project through Lottery, Sonora, Mexico

Riverside’s President and CEO, John-Mark Staude, stated: “We are pleased to be adding new quality gold and copper targets to the Riverside portfolio for low acquisition and go-forward carrying costs. We will look forward to completing follow up sampling and further field evaluations at Ariel in 2016. Winning rights to stake properties through the Mexico lottery system has been one way for Riverside to continue to add quality assets at deep discount prices without any underlying deal terms or royalties.”

Baja Corporate Update — Boleo Ramp-up and 2016 MMB Budget

Baja Mining Corp. is pleased to report that Tom Ogryzlo — Interim CEO and Director, and Wolf Seidler — Director, visited the Boleo Mine on February 19, 2016, and met with operations management of Minera y Metalu?rgica del Boleo, S.A. P.I. de C.V. to discuss progress at Boleo, including both the underground and open pit mining and the process plant production ramp-up.

First Dore Bar Produced at Starcore’s Altiplano Plant

“The Plant is open for business,” said Robert Eadie, President of the Company. “This is a huge milestone for us in Mexico. With Altiplano’s leaching process, we are able to offer the local miners more flexible financing options compared to what is currently being made available to them by smelters and international traders. We see the Altiplano Plant as a synergistic cash-flow producing arm of the Company, growing our asset base for our shareholders.”

Vista Gold Corp. Announces 2015 Results and Provides Update on Guadalupe de los Reyes

Frederick H. Earnest, added, “The Guadalupe project is a non-core project for Vista. The work that Great Panther and its subsidiary (Coboro Minerales de Mexico, S.A. de C.V) completed over the last two years has confirmed previous work and provided additional information about the low-sulfidation epithermal veins systems in the district. We continue to believe that the Guadalupe project has good prospects for future development based on the identified and prospective mineral resources. At the appropriate time we intend to seek a new partner who can advance the project to a development decision.”

Alcanza la Mina Mulatos de Alamos Gold 4 Millones de Horas-Hombre Sin Accidentes Incapacitantes

La Mina Mulatos del corporativo Alamos Gold Inc., enclavada en la Sierra Madre Occidental en territorio Sonorense, ha logrado un record difícilmente igualable en la Industria Minera al alcanzar recientemente 4 Millones de Horas-Hombre trabajadas sin accidentes incapacitantes en la mina Mulatos de su filial Minas de Oro Nacional, lo cual la posiciona como una de las empresas más seguras no solo de la Industria Minera sino del sector industrial en general.

Great Panther Silver Terminates Option On Guadalupe De Los Reyes Project

“This was a difficult decision,” stated Robert Archer, President & CEO. “However, our 2015 exploration program did not yield the results we had anticipated and, after an extensive review, we concluded that the project does not meet the criteria for our current growth strategy. Vista has been a terrific partner and we wish them all the best in advancing the GDLR Project to its full potential.”

Kootenay Silver Inc. Reports Northair Silver and Pan American Silver Transactions Advancing as Per Schedule

Kootenay President and CEO James McDonald stated: “This is an exciting time for Kootenay and Northair shareholders. The Kootenay-Northair transaction alongside the concurrent financing and option arrangement with Pan American, announced on February 16, 2016, puts us in a strong position to build on our consolidation platform and to advance both the La Negra and La Cigarra assets. I look forward to updating both the Kootenay shareholders and Northair shareholders as we continue to grow.”

Silver Standard reports fourth quarter and year-end 2015 results

Paul Benson, President and CEO said, “This was a quarter and a year of records for Silver Standard. Marigold exceeded our improved production and cash cost guidance and produced over 207,000 ounces of gold, a record in the mine’s 28-year history. Pirquitas also performed at the top end of guidance, driving total production to over 350,000 gold equivalent ounces at cash costs 11% lower than in 2014. We continued to invest in our future and generated significant exploration success at Marigold while also advancing our option to earn into the Chinchillas project, a potential satellite deposit for Pirquitas. …”

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