Silver Spruce Resources Inc. is pleased to announce that its Board of Directors has approved the appointment of Karl J. Boltz as President and Chief Executive Officer of the Company. Mr. Boltz has also been appointed by the Board to serve as a Director of Silver Spruce.
BACANORA MINERALS LTD. – the Board of Bacanora, the Canadian and London listed company focused on developing the Sonora Project in Mexico, is pleased to announce changes to the composition of the Board. These are in line with the Company’s strategy to build a robust and independent Board with a complementary skill set to effectively facilitate the development of Sonora into a world class lithium carbonate operation.
En la ciudad de Zacatecas el director de la industria Fernando Alanís y Octavio Alvidrez de Fresnillo PLC, inauguraron las actividades donde participan 237 trabajadores de 16 secciones sindicales.
Kootenay President and CEO James McDonald states, Results from the first 11 holes of the program confirm RAM is an entirely new silver discovery and development of this mineralized structure will remain a top priority for the Company. The strength and consistency of veining within the structure bodes well for the discovery of further silver resources at depth and along both strike directions. Drilling returned good continuity of silver grades across a 400-meter strike length and widespread silver mineralization was encountered in all but two of the eleven holes, confirming the structures large-scale potential. Moving forward, the close proximity of the RAM structure to our established La Cigarra silver resource offers excellent potential for future shared infrastructure and economies of scale, as we continue to develop RAM and advance our main La Cigarra deposit towards the economic stage.
“The installation and commissioning of this equipment is part of our ongoing upgrade of the Veta Grande milling facility,” stated Arturo Préstamo, President and CEO of Santacruz. “As a result metal recoveries are now approximately 70% and 88% for silver and lead respectively reporting to the lead concentrate, with an additional approximate 14% recovery of silver to the zinc concentrate. We anticipate further increases in the silver recovery as we continue to fine-tune the system. Our next step is to begin work on fabricating and installing a zinc thickener and filter press of equal capacity which is scheduled for completion in Q1 2017.”
Drill assays from Hole 21 (RC16CT-21) has returned a high grade silver intercept from surface. This further enhances and confirms the continuity of the southern Loop mineralisation. At 35m width this intercept serves to define a confirmed high grade shoot within the broad and continuous mineralised structures of the Mojardina Loop.
Jim Culver, President of VVC commented that, “We are very pleased at the market reception to the Company’s placement, and the commitment of our existing shareholders to supporting the Company. With the recent increases in the price of copper, VVC’s prospects, with the Samalayuca Copper Project look especially bright.”
“I wish to thank the owners of the concessions for granting the extension of the option agreement and continuing strong support” said Brian Robertson, President and CEO of Source. “The extension, in conjunction with our previously announced proposed private placement and planned drilling program, will provide additional time for us to advance the property and complete a mineral resource estimate.”
Mexus Gold US along with its JV partner MarMar recently decided that the best option for gold recovery at the Santa Elena mine will be a Merrill Crowe system. The decision to use this system instead of Electrowinning was made in part because a Merrill Crowe system will allow Mexus the opportunity to scale the recovery plant as production increases. Mexus now plans to ship a 400-600gpm Merrill Crowe plant from its Walnut Grove shop to the Santa Elena mine site. This plant was purchased by Mexus in 2014 and had been readied for use when needed. The recovery plant has been disassembled, loaded, and is ready to be shipped around November 27th.
Closing of the Offering is expected to occur on November 28, 2016, subject to obtaining customary TSX.V and NYSE MKT approvals. The Company intends to allocate the net proceeds of the Offering to advance the exploration and development of the Company’s Avino Mine and the exploration and development activities on the Bralorne Mine Property in British Columbia, and for general working capital.
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