In summary, Prospero has restarted work programs on its 100%-owned projects. Management is currently prioritising and ranking the Company’s key projects for joint venture. The Company has also submitted permit applications to drill the Matorral target at Santa Maria del Oro.
Americas Silver had a strong operating quarter while continuing to execute on cost containment, positioning us favourably for growing operating cash flow going forward. Silver and silver equivalent production was driven by a strong operating quarter at the Galena Complex,” said Darren Blasutti, President ?and CEO of Americas Silver. “The San Rafael Project in Mexico is progressing extremely well, projecting to be on schedule and under the capital budget. San Rafael will be a significant generator of operating cash flow going forward, fueling the Companys earnings and cash flow growth in late 2017 and beyond.
El clúster, que dirige Alfredo Phillips, director en México de Torex Gold, nació en mayo de 2014 por iniciativa de la Secretaría de Economía junto con proyectos similares en Sonora, Durango y Sinaloa
“With its favourable geology and proximity to the Mulatos mine, the Santana Property represents an attractive exploration opportunity. We look forward to supporting Corex as they continue exploring this property,” said John A. McCluskey, President and Chief Executive Officer.
Corex Gold Corp., announces that it has closed the previously announced equity financing and has issued 25,300,000 common shares of the Company to Alamos Gold Inc. at a price of $0.10 per Share. The Company has also issued an aggregate of 3,000,000 Shares to certain members of management of the Company or their affiliates and has issued 6,105,831 Shares to H. Morgan & Company, all at a price of $0.10 per Share.
N. Eric Fier, CPG, P.Eng, CEO and President commented, We are very encouraged with the early success from our initial drilling campaign at Las Chispas, which has confirmed continuity of high grades over potential mineable thicknesses. With the underground drilling permit, we will start drill-defining resources and preparing for a broader Phase II exploration program. Our current focus is to systematically drill the Las Chispas and William Tell veins in a grid pattern for resource estimation, test vein extensions and to further explore the Babicanora area. SilverCrests schedule is to establish a maiden resource estimation in the first half of 2017. We see further upside in this historic silver-gold mining district with prospective discoveries of multiple unidentified veins, and drill testing Babicanora which is considered the largest target in the district.
SilverCrest Metals Inc. is pleased to announce the appointment of Mr. Nicholas Campbell as Vice President, Business Development. Mr. Campbell has over 12 years of finance and corporate valuation experience in the mining industry including 10 years capital market experience as a Mining Research Analyst. In his new position, Mr. Campbell will initially be working part-time and be responsible for developing, implementing and executing all aspects of SilverCrests business development opportunities designed to accelerate the Companys growth and enhance its shareholders value. He will maintain his full-time position as CFO for Goldsource Mines Inc.
“Although we are anxious to commence drilling at Pino de Plata, we are also pleased with the progress being made to prudently initiate serious exploration efforts while minimizing or eliminating any potential environmental and permitting liabilities in the future,” stated Dr. Brian Penney, Chairman. “We are taking proactive steps now to ensure that safe and efficient exploration and development programs can be conducted without interference or unanticipated regulatory delays.”
GoGold Resources Inc. is pleased to announce that it has uncovered additional zones of high grade gold on surface at the Greta project at its Santa Gertrudis Gold Mine located in Sonora state, Mexico. GoGolds Trench 318 uncovered (18m of 32.8 g/t Au). The largest zone of a few areas consists of three subparallel zones of mineralization that dip about 20° to the west and has dimensions of 660 meters along the north-south strike and 370 meters down dip. This zone is approximately 12 meters thick and is tightly confined to a thin layer that gives the appearance of a bedding plane or a flat-lying structural zone. The zone is notable for a very high-grade gold layer from one to ten meters thick that outcrops on surface in numerous locations.
Canasil Resources Inc. is pleased to announce that Orex Minerals Inc. has reported that the Phase-III core drilling program at the Sandra-Escobar Project in Durango, Mexico, has been completed at hole SA-16-062. Results for holes SA-16-054 to SA-16-060, drilled in the Main and Cerro Chato Zones in the southeastern region of the project, are presented in the table below. Drilling for Phase-IV is planned to start in early November. The project is being advanced by Orex under an option agreement with Canasil announced on September 15, 2015.
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