Year: 2016

Cyprium Mining finalizes rehabilitation of shaft #3 of the Potosi Silver Mine

Mr. Alain Lambert, Chairman and CEO of Cyprium commented: “Over the last three months we have replaced almost 1.5 kilometers of railway tracks at level 0 and at level 4. This includes the installation of railway tracks between an existing raise from the level 4 proposed initial mining area to shaft #3 as well as the installation of railway tracks in the level 4 mining area where much of our near-term mining activities will take place. New air and water tubing has been installed and we have rehabilitated existing equipment including two air-loaders and a small electric locomotive. Once we have re-assembled the air compressor which was brought down into the mine last week, we will turn our focus on cleaning up old stopes in level 2, 3 and 4, retrieving existing mineralized material from past mining operations and initiating drilling and blasting.”

Mining in Mexico: Poised for a Rebound

Mexico’s mining industry has been thriving in the last few years, and investment in new projects has been continuing at a strong pace even with the sell-off in commodity markets. A major silver producer since the days of colonial rule when Guanajuato and Taxco became the jewels of the Spanish Empire, Mexico has consolidated its position as the number one producer of the precious metal. Fresnillo Plc, which in 2008 was spun off from Industrias Peñoles and listed on the London Stock Exchange, is Mexico’s biggest silver producer, thanks mainly to its massive Fresnillo and Saucito mines.

Oremex Silver Inc. Adopts Advance Notice By-Law

The purpose of the Advance Notice By-law is to provide shareholders with a clear framework for nominating directors. The board of directors believes adoption of the By-law is in the best interests of the Company and all shareholders to facilitate orderly and efficient meetings of the shareholders of the Company.

Endeavour Silver Announces Annual General Meeting Results

Endeavour Silver Corp. announces that at yesterday’s Annual General Meeting in Vancouver, shareholders voted in favour of all items of business, including the re-election of each director nominee. A total of 58,802,520 million votes were submitted by proxy, representing 54.34% of the outstanding common shares as of the record date.

IMPACT Silver Closes First Tranche of Private Placement

IMPACT Silver Corp. is pleased to announce that it has completed the first tranche of the brokered private placement announced on May 20, 2016. The placement raised a total of $2,530,800 by the issue of 4,440,000 worth of units at a price of $0.57 per Unit. Each Unit consists of one common share and one-half of one warrant. Each whole warrant entitles the holder to purchase one common share per Warrant at a price of $0.90 per Share for a period of 36 months from the date of issuance.

Golden Tag to Raise Up to $900,000

Golden Tag Resources Ltd. announces that it will seek to raise up to $900,000 through the issuance of up to 18 million equity units, each Unit consisting of one common share and one five year Share purchase warrant. Each Warrant entitles the holder to purchase one Share at a price of $0.07 per Share if exercised in the first year and $0.12 per share if exercised in years two through five from Closing. Insiders of Golden Tag may subscribe for $170,000 (3.4 million Units) of the placement, of which $100,000 is subject to shareholders approval at the 2016 shareholders meeting which has been rescheduled to June 27, 2016 in Montreal. The terms of the placement and any finders fees are subject to TSX Venture acceptance. Completion is targeted for June 27, 2016 and is subject to the negotiation and execution of definitive agreements as well as customary closing conditions. Of the proceeds raised, $500,000 will be used to purchase the remaining 50% interest in the San Diego silver project announced April 12, 2016 with any excess to be used for general corporate purposes. The placement is subject to a condition that a minimum amount of $500,000 being raised to allow the acquisition of the 50% interest in the San Diego project however this condition may be waived by the subscribers.

Tim Oliver to Lead Alset Energy’s Lithium Advisory Committee for Salars in Mexico

Alset Energy Corp. is pleased to announce that the Company has formed a specialty committee and hired expert personnel to help with the evaluation, advancement and potential development of the lithium-, potassium- and boron-rich salars in which the Company has an option to purchase under the previously announced binding Letter of Intent from Litio Mex, S.A.de C.V. of Zacatecas, Mexico. The new committee will be led by Mr. Tim Oliver, previously of Lithium-X Energy Corp. and will be joined by Mr. David Hawkins and Mr. Brian Robertson.

Gainey Capital Announces Drilling Program at the El Colomo Gold-Silver Project in Western Mexico

David Coburn, CEO of Gainey, commented, “the commencement of the Phase 1 Drilling Program will target four out of the 21 high priority Mineralized Zones at El Colomo that have already been identified by the Company’s technical team. Our most recent exploration activity on the Project, which includes assay results and detailed mapping, gives us reason to be optimistic that the anticipated results of our Phase 1 drilling program will be the foundation of building a great company.”

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