Month: October 2016

SilverCrest Files Technical Report on the Las Chispas Property, Sonora, Mexico

SilverCrest Metals Inc. is pleased to announce that a technical report titled “Technical Report on the Las Chispas Property, Sonora, Mexico”, dated October 26, 2016 with an effective date of September 15, 2016, has been filed today and is available on SEDAR at www.sedar.comand on SilverCrest’s website. The Technical Report was independently completed for the Company by P. James F. Barr, P. Geo., Senior Geologist and Team Lead – Geology for Tetra Tech EBA Inc., in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Kootenay Provides Update on Multi-Phase Drill Program at La Cigarra Silver Project, Mexico

Kootenay Silver Inc. is pleased to report 11 core drill holes totaling 2,100 meters have been completed and submitted for assaying on the Ram Zone as part of its initial 3,000 meter drill program on its 100% owned La Cigarra silver project, located in Chihuahua State, Mexico. The 11 holes tested the northern 500 meters of strike on the Ram structure. Management believes the RAM target has potential to host high-grade silver mineralization within a large structurally controlled anomalous silver trend measuring 3.8 kilometers in length. Assay results will be released once received and compiled.

Canarc Provides Update on Recent Achievements and Future Plans

Canarc Resource Corp. provides an update on recent achievements in the 3rd quarter 2016 and its plans for the 4th quarter 2016 and going forward. Since the closing of the sale of Oro Silver in the 2nd quarter for $10.5M, Canarc has focused its efforts on three key objectives….

Torex Gold Reports A Fatal Accident At Guajes Pit

Torex Gold Resources Inc. regretfully announces that an accident occurred at its Guajes pit on the afternoon of October 28th in which Mr. Jose Manuel Martinez Martinez, an employee of Equipos y Maquinarias del Sureste S.A de C.V, was seriously injured by falling rock. The mine’s emergency response team transported Mr. Martinez to the hospital in Iguala where, despite the best efforts by the hospital medical staff, he passed away during surgery.

Mexus Gold US Announces Production at Santa Elena to begin shortly

Mexus Gold US President Paul Thompson stated today that the startup of production at the Santa Elena mine will not occur in October as previously stated. This change in timeline is due to unforeseen issues with the import of certain materials as well as the already documented weather issues. CEO Thompson added, “The move of our production start date should not alarm investors. We expect to issue a release on production soon. I ask for your patience as we complete the initial steps in what will be a long term and profitable mine for the company.”

Agnico Eagle Reports Third Quarter 2016 Results: Strong Operational Performance Continues; Ongoing Exploration Yields Positive Results at Amaruq, Sisar Zone at Kittila, Olmeca Zone at El Barqueno and Barsele Project in Sweden

“In the third quarter of 2016, our operations continued to deliver solid production and cost performance. As a result, we now expect to exceed the upper end of our 2016 production guidance of 1.6 million ounces,” said Sean Boyd, Agnico Eagle’s Chief Executive Officer. “Furthermore, our strong operating performance resulted in increased operating cash flow and an increase in our cash position which further supports our development plans to grow production to approximately 2.0 million ounces in 2020,” added Mr. Boyd.

Bacanora Announces Board Appointment

BACANORA MINERALS LTD., the Canadian and London listed lithium exploration and development company, is pleased to confirm the previously announced appointment of James Strauss as a Director of the Company (with immediate effect) as a result of the completion of all regulatory checks required under AIM Rules.

Drilling Commences at Riverside’s Thor Copper Project in Sonora, Mexico

Riverside Resources Inc. is pleased to provide an exploration update for ongoing work at the Thor Project in Sonora, Mexico. The Thor Project comprises two mineral concessions that together cover 11,275 hectares, which were previously staked as part of the Company’s past exploration alliance with a wholly owned subsidiary of Antofagasta plc. The Alliance was formed for the purpose of identifying and exploring copper porphyry targets in Northern Mexico.

Silver One Commences Exploration in Preparation for Drilling

Greg Crowe, President and CEO, comments: “Both La Frazada and Penasco Quemado are past-producing silver rich mines that have never been tested for their full mining potential. These initial surface and near-surface proposed exploration programs will aid us in garnering a better understanding of the controls on and distribution of silver mineralization. This will allow us to better delineate drill targets designed to evaluate the potential of these silver rich systems”.

GoGold Announces the Start of Construction of a Vat Leach Plant at the Santa Gertrudis Gold Project in Mexico

GoGold Resources Inc. is pleased to announce that it has started the construction of the first phase of the vat leach plant at its Santa Gertrudis Gold Project located in Sonora State, Mexico as part of a feasibility study. The civils contractor was mobilized in early October and the initial earthworks for the main plant area, where the vat tank structure will be placed, are being prepared.

Excellon Reports Third Quarter 2016 Production and Exploration Results

“This quarter marked an important turn in the Company’s operations, with momentum now building towards the completion of our ongoing optimization program in the first quarter of 2017 and our goal of a completely dry Platosa by spring,” stated Brendan Cahill, President and Chief Executive Officer. “Additionally, recent highigrade drill results immediately adjacent to existing resources and infrastructure are a promising early indicator of the opportunity to efficiently increase high-grade tonnage at Platosa. During Q3, we effectively completed all civil works required for the optimization program and developed into the next level of the Rodilla Manto. This increased development affected production during the quarter, but we are looking forward to the quarters ahead as mining conditions continue to improve. The first major return from the optimization program is scheduled for the coming weeks, with the primary booster pump array and an additional four wells coming online, which are expected to increase the mine-drying rate by over 150%.”

Arian Silver – Extension of Exclusive Option and Exploration Update

Jim Williams, Chief Executive Officer of Arian commented: “Arian Silver is advancing two routes to becoming a precious metal producer through the potential participation in the development of the Noche Buena tailings project as well as the potential participation in the development of an advanced stage exploration project in the Southern part of the USA. Simultaneously, we have been reviewing our existing portfolio of mineral concessions with a view to delineating a compliant mineral resource on a number of these assets. These are powerful drivers for regrowth and we look forward to providing our shareholders with further updates as these matters progress over the coming months.”

Goldcorp Reports Updated Reserves and Resources; Provides Overview of Renewed Exploration Strategy and Results

“With a portfolio of world class assets on large land packages in prolific mining camps, we have the potential to significantly expand and upgrade our current reserve and resource base in 2017 and beyond,” said Paul Harbidge, Senior Vice-President, Exploration, “We have just begun to explore the surface at our newest operating assets – Cerro Negro and Éléonore. At the more established camps, such as Red Lake and Porcupine, we are in the process of undertaking generative studies in the districts and re-interpreting the geological information to extend the reserves and resources.”

Coeur Mining Reports Q3 2016 Results

“We achieved a number of significant milestones during the third quarter despite lower production relative to the second quarter. Our quarterly earnings more than doubled, free cash flow increased 20% quarter-over-quarter and LTM adjusted EBITDA has now risen above $200 million – up from $96 million just 15 months ago. Importantly, we are well-positioned for a strong fourth quarter at each of our five operations,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer.

Goldcorp Reports Third Quarter 2016 Results and Reconfirms Production and Cost Guidance

“Improved performance from our flagship Peñasquito mine and low all-in sustaining costs drove a third quarter that generated solid financial results, as we begin to see the benefits to the bottom line of our program to realize $250 millionin sustainable annual efficiencies from our existing business,” said David Garofalo, Goldcorp President and Chief Executive Officer. “The value of our diversified portfolio in prolific mining camps was also evident with the definition of the new 5.4 million ounce Dome Century open pit resource in our 105 year-old Porcupine mining camp, which has the potential to substantially grow gold production.”

Capstone Mining Reports Third Quarter Net Income of $11.2 Million

“Operating performance in the third quarter continued to be very strong, setting throughput records at both Pinto Valley and Minto,” said Darren Pylot, President and CEO of Capstone. “In addition, we received the benefit from a full quarter of processing high grade Minto North ore.”


Kootenay President and CEO James McDonald states: “We are very pleased with Pan American’s work and the results to date from the first 11 holes of the program. The confirmation of multiple high-grade intercepts of silver mineralization at depth is a significant development and further indicates potential for the silver resources to be amenable to both open pit and underground exploitation. We are also very pleased that based on the encouraging results achieved to date, Pan American is extending the program by a full 2,000 meters until the end of the year.”

MX Gold Corp. Acquires Near Term Gold Production in Mexico

MX Gold Corp. is pleased to announce a binding agreement with Gracepoint Mining Corp., a subsidiary of Firma Holdings Corp. to acquire a 50% interest in the Magistral, Del Oro tailings project, which is located within the “Golden Triangle” in Santa Maria Del Oro, Durango, Mexico.

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.
Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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