Month: September 2016

Alianza Minerals Closes Financing at $300,000; Grants Options

“We are very pleased with the participation in this financing,” commented Jason Weber, P.Geo., President and CEO of Alianza. “With the funds in hand, the Company continues its business model to explore the recently staked silver-zinc-lead properties in Peru and to perform additional work and bring in partners to advance existing projects in Nevada and Yukon.”

Gainey Intersects Near-Surface Mineralization Over 70 Meters of 1.14 g/t Au Eq at La Nueva Victoria, Mexico

Rafael Gallardo, Senior Geologist of Minera Cascabel S.A. de C.V., who is leading the drill program, commented, “the results that we have received for the first drill hole are very encouraging and I look forward to the results from the other two holes designed to target this zone. The near-surface Au-Ag mineralization we have encountered is typical of epithermal low-sulphidation type deposits found in the area.”

Silver Bull Provides Exploration Update

Silver Bull recently commenced an exploration program to target potential sulphide mineralization at depth believed to be underneath and adjacent to, the main zone of mineralization already defined at Sierra Mojada. Deep structures are thought to be the conduits from which the shallow mineralization seen on the project has been emplaced, and are the targets of this program. A number of drill holes have previously intercepted structurally controlled sulphide mineralization such as drill hole “B11144”, which intercepted 8.45 meters at 17% zinc, 5.45% lead, and 60g/t silver starting at 193 meters. In addition, recent underground mapping and sampling identified another area of structurally controlled sulphide mineralization with underground channel samples returning grades up to 690g/t silver, 15.25% zinc, 4.8% lead, and 1% copper.

Southern Silver Reports Progress on Cerro Las Minitas and Oro Projects

President Lawrence Page Q. C. stated, “Since Southern Silver joined forces with Electrum in Q4 2015, Electrum has consistently demonstrated its willingness to provide funds and expertise on a timely basis to allow the completion of an initial Resource and to continue exploration to test the extent of the large property while the Resource at the Cerro is expanded and developed. Southern Silver is well funded to continue its programs and we look forward to continuance of a long and fruitful relationship in the development of the Property after earn-in and establishment of a joint venture for the exploitation of the Resource.”

Silver One Completes Acquisition of Mexican Silver Projects from First Mining Finance

Greg Crowe, President and CEO noted: “It is very encouraging to see such strong investor interest in Silver One, in what is shaping up to be a resurgent silver and precious metals market. With the closing of the Private Placement Financing and the Transaction with First Mining, Silver One can now begin advancing its newly acquired silver assets.”

First Mining Finance Completes Sale Of Three Mexican Silver Assets To Silver One Resources

Keith Neumeyer, Chairman of First Mining stated, “We are pleased to have completed this transaction with Silver One. We have confidence in Silver One’s management team and are looking forward to them advancing these under-explored properties further and unlocking their true value. Through the equity position that we now have in Silver One, along with our residual royalty interest in these three properties, our company will reap the benefits from continued exposure to the silver sector, and any future upside as sentiment in the mining sector continues to improve.”

Silver One Resources Inc. Announces Results of Annual General and Special Meeting. Appoints New Directors and Adopts Advance Notice Policy

Shareholders voted in favor of all items put forward by the Board of Directors. Shareholders set the number of directors at five and approved the appointment of Greg Crowe, Luke Norman, W. Barry Girling, Claudia Tornquist and Raul Diaz-Unzueta to the Board of Directors. Ms. Tornquist and Mr. Diaz are newly appointed directors and Robert McMorran did not stand for re-election as a director of the Company. The biographies of Ms. Tornquist and Mr. Diaz are set forth in a news release dated August 22, 2016. The Company wishes to thank Mr. McMorran for his services as a director of the Company.

Avino Completes New Resource Estimate For Producing Property In Mexico

“This new resource estimate highlights the important progress we’ve made since the last resource estimate” said Avino President and CEO, David Wolfin. “During the past ten years, our mine site exploration efforts have been successful, consistently identifying new resources.”

Mexus adds new project and updates its shareholders on the Santa Elena mine

Mexus Gold US President Paul Thompson is happy to report that his recent visit to the Santa Elena mine was successful and confirmed that the project is still on track to be in production late October 2016. The recent storms which passed through the area slowed progress at the mine site but the crew continues to push forward.

Oroco Receives Cash Payout From Goldgroup Mining Inc.

Oroco Resource Corp. announces that it has received US$811,690 from Goldgroup Mining Inc. in settlement of the outstanding balance of all debts due from Goldgroup, being the remaining principal and accrued interest from (a) the US$1,500,000 promissory note, as amended, issued to the Company by Goldgroup pursuant to the terms of the Cerro Prieto property sale; (b) the Value Added Tax refund due to Oroco pursuant to a debt assignment agreement; and (c) a break fee payable to Oroco pursuant to an agreement with Goldgroup dated September 28, 2015.

Silver Spruce Resources Announces Grant of Stock Options

Silver Spruce Resources Inc. is pleased to announce that it has granted 2,900,000 stock options with an exercise price of $0.15 per share to directors and consultants of Silver Spruce. These options shall expire on September 20, 2019 if not exercised prior to that date. The issuance of the options is subject to all necessary approvals by the TSX Venture Exchange

Prospero Announces Appointment of Officer and Grant of Stock Options

Prospero Silver Corp. is pleased to announce that it has appointed Mr. Ralph Rushton as Executive Vice President, Business Development of the Company. Mr. Rushton holds a B.Sc. in geology from Portsmouth University in the UK, a Master’s degree in Economic Geology from the University of Alberta, and a Certificate in Business Communications from Simon Fraser University. He has over 30 years’ experience in precious and base metals mining and exploration, much of which was gained working as a geologist in Southern Africa, the Middle East and Eastern Europe for Rio Tinto and Anglo American plc. For the last 13 years he has worked in business development for a number of junior resource companies and currently serves as a director on the boards of three Vancouver-based companies. He has experience in a broad range of commodities including precious and base metals, iron ore and phosphate, and has helped to raise over C$400mil through private placement financings to fund exploration and development programs in Latin America, Scandinavia and Eastern Europe.

Cyprium Mining debenture holders approve extension of maturity date to February 28th, 2019

Alain Lambert, Chairman and CEO of Cyprium commented: “I’m glad to report that 96.8% of the principal amount of debentures voted at the meeting were in favour of all matters presented. This sends a clear message of support for the company’s business plan. Our objective remains to finalize in the next two weeks further extensions of the maturity date of various loans so that at least 90% of the company’s loans will mature in 2019. Achieving this objective will pave the way for greater access to the equity market as well as possible corporate transactions to ensure the development of the Potosi mine and the La Chinche exploration property.”

Alset Announces Amendment to Financing Terms, Outlines Work Program in Mexico

Tim Oliver, President of Alset commented: “After we announced the initial private placement we took another look at our work programs. We’ve now refined our plans and have revised the costs for the screening and resource definition drilling downwards. A combination of low drilling costs and the decision to limit resource definition drilling to the three most attractive salars, should allow a lower cost program than we initially planned for. We also discovered some valuable new information regarding the extensive inventory of sediment samples from prior investigations, and the history of commercial salt production from pumped brine in three of the seven salars. If our programs are successful, we hope to come back to the market for another raise at a higher price than the current private placement.”

Riverside Samples Up To 1.47% Copper At The Thor Porphyry Copper Project And Begins Next Stage Of Exploration

Riverside’s President and CEO, John-Mark Staude, stated: “We are pleased with progress at Thor with encouraging initial exploration results and mineral title and access agreements now in hand. We look forward to additional exploration targeting work and drilling to follow. We are keen to test these copper target areas in a geologic area that has seen little previous exploration.”

Goldcorp Announces Appointment of Charlie Sartain to Board of Directors

“Charlie will be a tremendous addition to our Board of Directors,” said Ian Telfer, Chairman of the Board of Goldcorp. “His technical knowledge and operational experience will be invaluable as we continue to optimize our portfolio and advance our organic pipeline.”

Primero Provides Exploration Update; Black Fox Deep Central Zone Expanded to the West; Vein Extensions at San Dimas and Promising Lechuguilla Concession Results

“I am exceptionally pleased with the results achieved by our Black Fox and San Dimas exploration teams,” stated Ernest Mast, President and Chief Executive Officer. “At Black Fox, the Deep Central Zone is now delivering production ore and we have successfully identified additional high-grade mineralization to the west. At San Dimas, it is reassuring to see that our high-grade veins can continue to be extended with similar or greater widths than currently being mined. And as we look regionally at San Dimas, onto our concession not covered by the Silver Purchase Agreement I am optimistic about the initial results from the Causitas vein which has the potential to augment current mill feed given its proximity to an existing main road. The Causitas area, located in the Lechuguilla concession, is highly prospective and I look forward to announcing additional exploration results from a drilling program from this area before year-end.”

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