Month: October 2016

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.”

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