Month: July 2016

Alta Vista Signs LOI To Acquire High Eye Aerial Imaging Inc.

Alta Vista Ventures Ltd. announces the signing of a Letter of Intent to purchase a 100% interest in High Eye Aerial Imaging Inc. High Eye is a leader in unmanned aerial vehicle surveying and is the only company in Ontario to offer both multi rotor and fixed wing UAVs to their clients.

Starcore mines ore from drill hole 31-79.

“This new area, although relatively small, gives us the opportunity to understand the nature of the mineralization in the northern part of the mine which was extracted prior to Starcore purchasing the mine. We expect this perception to aid us in our endeavours to expand reserves and resources to the north.” said Robert Eadie, President and CEO of the Company.

Fortuna commissions 3,000 tpd mill expansion on-time and under-budget at the San Jose Mine, Mexico

Jorge A. Ganoza, President and CEO of Fortuna, commented, “I would like to commend the superb work done by our team in delivering the construction and commissioning of the San Jose Mine expansion to 3,000 tpd on-time and under-budget.” Mr. Ganoza continued, “Post expansion, the San Jose Mine will rank among the world’s top thirteen primary silver producing mines with an estimated AISC below US$7.0 per ounce of silver.”

Cyprium Mining announces start of production at the Potosi Silver Mine

Mr. Alain Lambert, Chairman and CEO of the Cyprium commented: “We are very pleased that it took only six months and less than a million dollars to return the Potosi Mine to production. This nicely validates Cyprium’s business plan of acquiring and inexpensively restoring past producing mines to generate cash flow for expanded development and exploration.” Mr. Lambert added: “We believe that the larger Santo Domingo mineralized body located at level 9, 10 and 11 of the mine – also known as the Main Silicate Body – has good exploitation potential and having started production of the Tunel body, evaluation and preparations for exploiting the Santo Domingo body will assume top priority.”

Canasil Closes $2,072,000 Second and Final Tranche of Non-brokered Private Placement

Finder’s fees of $38,400 and 60,000 finder warrants was paid to Sprott Private Wealth LP, and $85,920 and 134,250 finder warrants was paid to Sprott Global Resource Investments, Ltd. Finder’s warrants have the same terms as the Unit Warrants. The proceeds of the Placement will be used for continuing exploration programs on the Company’s mineral exploration projects and for working capital.

Excellon Announces $10 Million Bought Deal Financing

The Company intends to use the net proceeds of the Offering to fund accelerated exploration at the Company’s Platosa Project, for capital expenditures at the Platosa Mine and Miguel Auza Mill, for working capital expenses and for general corporate purposes.

We are world leaders in testing, inspection and certification services. We are present in all sectors of the economy with solutions and services that enhance the business, avoiding risks, improving operational performance and protecting the reputation and brand of our clients.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.