Month: February 2017

IMPACT Silver named to 2017 TSX Venture 50

Frederick Davidson, President, CEO, and Director of IMPACT, commented, “Last year was a historical year for IMPACT and all our employees and shareholders who have seen the company grow from a small restart miner explorer in Mexico to a silver producer celebrating a decade of operations at the Guadalupe production center. I would like to take this opportunity to congratulate and thank all of our staff and investors for their continued dedication to IMPACT. In 2016, our stock was one of the leading silver equities that achieved over 442% returns from an all-time low in the year. This was attributed in part to the rebound in silver prices and continued exploration which has been made possible from a key financing that will enable us to target new areas. We are excited to celebrate this milestone and hope to deliver even more shareholder value in 2017 and beyond.”

CZL Moves to Fast-track Mine Production

Managing Director Will Dix said with the bullish global prices for zinc, the time was right to consider options for fasttracking production. “The scoping study will assess mining and infrastructure options, including re-establishing past mine operations, and refurbishing and expanding an existing onsite processing plant, targeting a throughput of 200 tonnes per day, or approximately 75,000 tonnes per annum,” Mr Dix said.

Lithium Australia and Lepidico settle litigation

Adrian Griffin, Managing Director of Lithium Australia commented: “We are pleased with the outcome which allows Lithium Australia to pursue its strategy of building a global lithium business without unnecessary distractions or legal impediments. We can now continue with the business of delivering further positive results for our shareholders.”

Source Announces Commencement of Las Minas Diamond Drilling and Exploration Program

SOURCE EXPLORATION CORP. is pleased to announce the commencement of a diamond drill program for the Las Minas gold – silver – copper project located at Veracruz, State, Mexico. The program will include an initial 2,000 to 3,000 metres of infill and step-out diamond drilling at the El Dorado – Juan Bran mineralized zone, with the objective of expanding the zone and completing a maiden NI 43-101 resource estimate in early 2017.

Arian Silver – Pánfilo Natera Exploration Update

Jim Williams, Chief Executive Officer of Arian Silver commented: “We remain excited by the prospects of our existing portfolio of silver projects in Mexico and are committed to assessing the viability of their development. We are also keen to reach a definitive conclusion on the advancement of the Noche Buena tailings project as soon as possible once we have received the final test results. Meanwhile, we are working to identify new opportunities which we believe would add shareholder value, and we shall report on further progress in due course.”

Santacruz to Transfer the El Gachi Property to First Majestic for US$2.5 Million

“With our corporate strategic focus being concentrated on our two producing projects, Veta Grande and Rosario, the El Gachi Property became a non-core asset in our mineral property portfolio.” stated Arturo Préstamo, President and CEO of Santacruz. “As such we are pleased to enter this transaction with First Majestic which allows us to monetize our investment, pay down debt, and provide additional working capital for our core operations.”

Silver Standard Reports Fourth Quarter and Year-End 2016 Results

Paul Benson, President and CEO said, “We had a strong fourth quarter capping a year of records for Silver Standard, which included production of over 390,000 gold equivalent ounces at an AISC of less than $925 per ounce. Our focus on Operational Excellence has led not only to production and cost improvements at each site, it has allowed us to meet or exceed our annual guidance for the fifth straight year.”

Primero Announces Executive Leadership Change

Primero Mining Corp. announced today that Mr. Ernest Mast and Primero have reached a mutual decision that Mr. Mast will depart Primero to pursue other opportunities effective no later than March 6, 2017. Upon Mr. Mast’s departure, Mr. Joseph F. Conway will be appointed Interim President and Chief Executive Officer. Mr. Mast will continue to assist the Company in facilitating a smooth transition in leadership. The Company thanks Mr. Mast for his service and his assistance in transitional matters.

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.

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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.