Month: December 2016

Primero Receives NYSE Notice

Primero Mining Corp. today announced that is has received formal notification from the New York Stock Exchange of its non-compliance with the exchange’s continued listing standards for minimum trading price.

Riverside Resources Provides 2016 Year In Review

President and CEO, John-Mark Staude, stated: “We are pleased with the progress of our Prospect Generator business and excited at the prospects for a new discovery and further value creation and portfolio strengthening in 2017. The Thor, Glor and Clemente projects will all deliver partner funded activity, with results from at least two drill programs in the year ahead. We will layout our goals early in 2017 and have the team in place pushing for transformational mineral discoveries. Riverside is in a much better place entering 2017 than a year ago and we are keen to capitalize on the momentum with several catalysts early in 2017.”

Santacruz Silver Terminates San Felipe Project Sale

Santacruz Silver Mining Ltd. reports that it has terminated the previously announced agreement in connection with the Company’s sale of the San Felipe Project to the Hermosillo Group. No payments pursuant to the Transaction have been made to date. Discussions have been on-going with respect to revised payment terms however this process has not led to a payment schedule acceptable to the Company and therefore the agreement has been terminated by the Company.

Almaden Drills Further New High Grade Mineralisation Within and Outside Amended Pea Pit, Hits 30.35 Meters of 1.92 g/t Gold, 62.1 g/t Silver and 8.50 Meters of 2.56 g/t Gold and 357.0 g/t Silver

J.D. Poliquin, chairman of Almaden stated, “Today’s results once again show the presence of the high grade veins on the Tuligtic project. While we are now focussed on developing the Ixtaca deposit into a significant precious metals producer in Mexico, and are currently busy with engineering work and studies towards producing a PFS, this exploration drilling demonstrates additional resource potential both laterally and, because we are at the top of a fully preserved epithermal system, future exploration drilling will also test for feeder veins beneath the Ixtaca sheeted vein zone.”

Sonoro Closes Sale of Chipriona to Agnico Eagle

Sonoro Metals Corp., is pleased to announce that it has closed the sale of the Company’s Chipriona project in Mexico to Agnico Sonora, S.A. de C.V., a subsidiary of Agnico Eagle Mines Limited; the details of which are disclosed in the Company’s news release dated December 14, 2016. Sonoro has now received the first payment under the assignment agreement with Agnico in the amount of $650,000. Three additional sequential installments of $650,000, $800,000 and $1,900,000 respectively are due and payable over the coming months following registration of title at Mexico’s Public Registry of Mining, commencing with the registration of title from the original vendors through to final registration under Agnico. This disposition by the Company has been accepted for filing by the TSX Venture Exchange.

Americas Silver Corporation Announces Share Consolidation Towards U.S. Exchange Listing

Americas Silver Corporation is pleased to report that shareholders have approved a special resolution for an amendment to the Company’s articles and authorized a consolidation of the Company’s outstanding common shares. The resolution was approved by over 95% of votes cast at the meeting. The Share Consolidation is necessary to satisfy one of the outstanding listing requirements for the New York “NYSE MKT” Stock Exchange of a share price of US$2.00 or greater. Further details are provided in the Company’s management information circular dated November 10, 2016.

Authorities Request the Instalation of C-4 in the Mountain Zone

In order to prevent criminal acts from prevailing in the municipality of Guadalupe and Calvo, local authorities requested the installation of a C-4 and the integration of detachments of the State Police in Baborigame and San Julián, areas that have historically been controlled by Organized crime.

Avino Silver & Gold Mines Announces Results From Its Current Exploration Drill Program Between The San Luis Workings And Elena Tolosa Workings At The Avino Mine

The current drill program commenced in September, 2016, and comprises 18 holes in total, for a total of 2,955 metres. Eleven of the holes have been drilled to date, and eight have been assayed. The objective of this program is to explore the area of the Avino Vein System between the San Luis workings and the Elena Tolosa current production area.

Canasil Mobilizes Drill and Starts Drill Program At the La Esperanza Silver-Lead-Zinc Project in Durango and Zacatecas States, Mexico

Canasil Resources Inc. is pleased to announce that the Company has received the required drill permit and mobilized a drill rig which is currently on site at the La Esperanza silver-lead-zinc project in Durango and Zacatecas States, Mexico. Drilling started on December 17, 2016, with the aim of completing the first drill hole before the year-end holidays. Drilling will then resume early in the New Year for a planned initial program of 1,500 metres to 2,000 metres in 4 to 5 drill holes.

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.

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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.