Month: September 2016

Sierra Metals Fortifies Management Team with the Appointment of Alonso Lujan as Vice President Exploration

Mr. Lujan is a Geological and Mining Engineer with over 26 years international experience in mineral exploration with a positive track record for increasing companies’ resources, output and company value. Mr. Lujan most recently spent 6 years with Mata-Trafigura as the General Manger having been promoted from Exploration and Operations Manager. While there he oversaw the discovery and commissioning of the Magdelana Project with potential for 50 million tonnes within 2 years and helped to double production as well as optimize and reduced costs. Prior to that he worked with Hochschild Mining for 5 years and Minas de Bacis SA de CV for 14 years where he helped to also increase resources, increase output and reduce costs.

SilverCrest Announces Remaining Phase I Drilling Results from Las Chispas Project; Further Drilling Confirms Grade Continuity in Las Chispas Vein

Dunham Craig, P.Geo., Interim CEO remarked, “The remaining drill hole results from the Phase I drill program intercepted the Las Chispas vein which has further demonstrated continuity of high grades and potential mineable thicknesses. Phase II exploration work will continue to define the Las Chispas vein for resource estimation expected in H1 2017. As we continue to systematically explore this district-wide discovery with multiple undrilled epithermal veins, we could potentially have several more discoveries. The Babicanora area (no previous drilling), immediately adjacent to Las Chispas and William Tell veins, is considered the largest target in the district and will be tested in Phase II exploration.”

Endeavour Silver Signs Agreement to Acquire Exploration Properties in Parral District, Chihuahua, Mexico from Silver Standard

Endeavour CEO, Bradford Cooke, commented “We are pleased to add another high-quality silver exploration property to our project pipeline. Parral should be an accretive acquisition pursuant to our five-year strategic plan to become a premier senior producer, with potential for exploration discoveries, district acquisitions, near-term production, and organic growth.

Silver Standard to Sell Parral Exploration Properties

Silver Standard Resources Inc. announces today that it has entered into a definitive agreement with Endeavour Silver Corp. to sell 100% of its Parral properties in Chihuahua, Mexico, including the Veta Colorada, La Palmilla, and San Patricio properties. Endeavour Silver is a mid-tier precious metals company with a track record of exploring for, developing and operating mines in Mexico.

DynaResource, Inc. Reports 2016 Production Costs at San Jose de Gracia of $592 per Oz Gold and, August Production of 1,250 Gross Oz Gold

DynaResource, Inc. is pleased to announce that Mineras de DynaResource S.A. de C.V., the 100% owned subsidiary of DynaUSA and the exclusive operator of the San Jose de Gràcia Property in northern Sinaloa, México, is reporting production costs of $592 per oz. gold at San Jose de Gracia for the first six months of operations in 2016. Details of the operations are contained in the Company’s Form 10-Q for the period ending June 30, 2016, and filed August 19, 2016 with Edgar.

Almaden Hits Further High Grade Mineralisation Outside of Amended PEA Pit, Hits 5.50 Meters of 5.06 g/t Gold, 219.6 g/t Silver

These results confirm the presence of a shallow dipping (“SD”) zone of veining adjacent and outside of the January 2016 Amended PEA pit. In addition, hole TU-16-465 intersected what is likely a new zone of high grade veining immediately beneath the Amended PEA pit, while TU-16-463 intersected two new veins located roughly 100 meters north of the previously known vein system. The holes were all drilled from the same pad and intersected the previously defined subvertical Ixtaca North vein zone as well as the new zones of veining (see attached section and plan maps). Highlights from these drillholes include the following intercepts for the Ixtaca North Zone and new zones:

Americas Silver Corporation Announces Commencement of San Rafael Project Construction

The San Rafael Project is expected to deliver average annual production of 1.0 million ounces of silver, 50 million pounds of zinc and 20 million pounds of lead over a 6 year initial mine life at negative AISC based on current reserves and have a pre-tax IRR of greater than 80% using current silver, zinc and lead prices. The Project is a brownfield development that will utilize certain existing infrastructure at the Cosalá Operationsand is expected to have an initial capital cost of approximately $20 million using current exchange rates. The Company targets commercial production in Q3 2017 following stockpiling of development ore starting in Q2 2017. The Project is permitted for development, road access has already been completed and portal construction has begun. Please see the Company’s website at www.americassilvercorp.com for photos updating the Project’s progress.

San Marco in Partnership with GlobeTrotters Acquires 3 Prospective Properties in Sonora Mexico

San Marco’s CEO, Bob Willis stated; “We’re extremely pleased with the early results of the GSM Partnership’s targeting efforts. As we hoped, application of these techniques generated numerous new targets throughout the state of Sonora, allowing us to quickly focus on the highest potential areas. Interestingly, some of these areas appear to be lightly explored or even unexplored, though some lie in close proximity to well-known major deposits. Early results have increased our confidence that this method will allow us to rapidly prioritize new projects with cost effective reconnaissance techniques.

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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.