Timmins Gold Corp. is pleased to announce that Greg McCunn will succeed Mark Backens as the Companys new Chief Executive Officer effective February 1, 2017. In addition to the role of CEO, Mr. McCunn will also serve as a director on the Companys board of directors.
Mexus Gold US announced that after careful deliberation the Company has determined to acquire the concessions comprising the San Felix Project. Mexus has entered into land surface use agreements and concession purchase agreements for various land parcels which expired under the prior owners failure to pay. The agreements require a cash payment with term payments to the respective owners. The Company also announces the execution of an agreement with MarMar Holdings Inc. whereby each company owns a 50% share of the San Felix Project and designates MarMar Holdings Inc. as the operator of the daily production activities…
Tim Barry President & CEO of Silver Bull states, “The start of 2017 is shaping up to be an exciting one for Silver Bull. The exploration drill program targeting the sulphide mineralization provides a new aspect to the Sierra Mojada story which I believe will be transformative to the story if we are able to intercept any significant zones of sulphide. In addition with the strong recent performance and positive outlook for zinc, we now feel the time is right to push the zinc part of the Silver Bull story. Very few companies have zinc assets of the size and grade we have at Sierra Mojada, especially with the sort of infrastructure we have close by immediately adjacent to the project, and in a viable mining country like Mexico. When I consider the silver and zinc resource already defined at Sierra Mojada, coupled with the exploration upside, Silver Bull provides a unique opportunity for investors in both base and precious metals”.
Charles Funk, Evrim’s Vice President of New Opportunities and Exploration commented, “This is an exciting discovery for Evrim and its partner, First Majestic. The intercepts show significant widths within 240 metres from surface into the principal vein, located in a larger vein field. The mineralization is gold rich (relative to silver) and the high gold grades are evenly distributed across the drill intercepts. This discovery is very close to First Majestic’s Santa Elena mine and provides great potential for Evrim to realize Ermitaño’s value in the near term.”
Mammoth Resources Corp. is pleased to announce that the TSX Venture Exchange has approved a consolidation of its common shares on a 4 for 1 basis. The consolidation was approved by the Company’s shareholders at the annual general and special meeting held on December 14, 2016 and as previously announced in a press release dated December 19, 2016. The consolidation will take effect on Wednesday, January 18, 2017. Assuming no other change in the issued capital of the Company, it is expected that upon completion of this consolidation, Mammoth will have approximately 16,133,792 Common Shares issued and outstanding, reduced from 64,535,168 Common Shares which are currently issued and outstanding.
“Listing on the NYSE MKT is an important milestone for Americas Silver which will create greater exposure among institutional and retail investors in the U.S. and internationally at this important time of growth for the Company,” said Darren Blasutti, President and CEO.
“I would like to thank our teams in Mexico and Canada for delivering another solid year of consistent production. Despite the challenges faced during the second quarter, our production was in line with our internal projections, and we expect similar results for 2017. The year was highlighted by the declaration of commercial production at the Avino Mine, as well as the publication of new resource estimates for our operations in Mexico and Canada. We are planning on issuing a news release in the coming days outlining our Mexico expansion plans as well as an agenda for reopening the Bralorne Mine,” David Wolfin, President, CEO & Director, Avino Silver & Gold Mines Ltd.
Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.
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.
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