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.

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