Coeur Mining, Inc. today announced third quarter production of 3.5 million ounces of silver and 84,871 ounces of gold, or 8.6 million silver equivalent ounces. Coeur is raising its 2016 production guidance to 34.4 – 37.0 million silver equivalent ounces from 33.8 – 36.8 million silver equivalent ounces.
· Battery grade lithium carbonate samples from pilot plant have been distributed to Japan for preliminary appraisal and testing by end-users
· Completion of 4,000-metre infill drilling programme on the Sonora project to upgrade a portion of the current Indicated Mineral Resource to a Measured category
· Updated resource model anticipated to be completed in Q4 2016 after which mine planning and open pit design will commence
· BFS on track to be delivered in late Q1 2017
Bacanora CEO Peter Secker said, “The Sonora Lithium Project has demonstrated its potential to deliver high grade lithium carbonate to the market with operating costs which could position it very favorably in comparison to its peers. The team continues to prove that it has the lithium operations and mine development expertise to attain key milestones and incrementally build project and shareholder value, something recognised by the Company’s institutional backing.”
The level of project detail required for the permits is not dissimilar from what will be ultimately utilized in our Pre-Feasibility Study, said Darren Koningen, President at Minera Alamos. Once these applications are submitted, we can turn our attention to the final plan optimization and completion of that study. In tandem, we will initiate the refurbishment and staging of the plant in Mexico and begin an exploration program focused on expanding our existing resource base.
“Bacanora’s last reported cash position was circa CAD30 million and these extra funds further bolster our strong cash resources, which are more than enough to see us through to the end of our feasibility study and offtake discussions,” said Interim Chairman James Leahy.Canadian and London listed Bacanora said an unnamed institutional shareholder had exercised a warrant option for 2.9 million new shares at a price of CAD1.47 each, following which it will have a total of 110.8 million shares in issue.
Baja Mining Corp. wishes to announce that further to the approval received from shareholders of the Company at the annual and special meeting held on December 16, 2015, and as described in more detail in the management information circular of the Company dated November 4, 2015, based on market conditions and other factors the board of directors of the Company has authorized a consolidation of the issued and outstanding common shares of the Company on the basis of one post-consolidation Common Share for every twenty pre-consolidation Common Shares. In connection with the Consolidation, the Board has also decided to change the Company’s name from “Baja Mining Corp.” to “Camrova Resources Inc.”.
El precio de la materia prima perdió su nivel de 1,300 dólares por onza que había mantenido desde junio.
Managing Director Will Dix commented Expanding the platform for drilling has given us the ability to drill further down dip and obtain better intersection angles into the mineralisation. Continuing to intersect massive sulphides down dip and now identifying new mineralisation up-dip above level 7 re-enforces the potential for accumulating resource tonnes in the mine area. We will continue to drill aggressively to build as much of a mineral inventory during the remainder of 2016.
In May 2016, the Company executed a letter of intent to acquire up to 10 mineral concessions covering 16 known Lithium, Potassium and Boron-rich salars located in the States of Zacatecas and San Luis Potosi, Mexico. Upon review of the technical data including a property examination by the Company and its advisors, the Company elected to acquire 4 large concessions containing the 7 top priority salars which include Caliguey, La Doncella, Colorada, La Salada, Santa Clara, Saldivar and Chapala and several smaller earlier-stage salars. The Company selected these salars due to their attractive lithium, potassium and boron values from limited shallow sampling of the unconsolidated material down to a depth of five metres. Of particular interest is the La Salada salar where preliminary and unaudited analyses of samples from the southern half of the salar returned grades frequently exceeding 1500 mg/l with occasional values over 2000 mg/l lithium, 8% potassium and 60 mg/l boron. The depth and grade beneath 5m is unknown at this time but preliminary geophysical surveys indicate a possible depth of 70 metres.
Telson Resources Inc. announces that it completed the collection of its 2,000 tonne industrial scale bulk sample from the El Creston zone on its Tahuehueto Project during the last week of September 2016. The bulk sample is in the process of being shipped to the Andes Mill where processing is scheduled to commence within the next week in order to produce saleable lead and zinc concentrates. Based upon previous metallurgical testing conducted in 2010, the Company anticipates the significant gold content contained within the mineralization of the bulk sample to report to and be recovered within, the lead concentrate.
Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.
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.
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