Month: March 2017

One World Minerals enters second phase exploration at Rico Lithium property

The Rico Litio lithium property, One World Minerals Inc’s flagship property, located in the State of California Baja Norte, Mexico, has entered phase two of an exploration program. Logistical preparations are underway with field crews on the property within three weeks and concluding with a 4000 metre (13,000 foot) drill program to be completed by the end of June 2017.

Telson Resources Inc. Announces the Appointment of Remigio Martinez Muller to Board of Directors

Telson Resources Inc. is pleased to announce the appointment of Senor Remigio Martinez Muller to its Board of Directors, effective immediately. Sr. Martinez worked his whole professional career with Grupo Mexico starting in 1967 as a Mine Geologist in Taxco, Guerrero and ending as Grupo Mexico’s Director of Exploration in 2013. From 2013 to 2016 he maintained an exclusive consultant position with Grupo Mexico and became an independent consultant thereafter.

Santacruz Finalizes El Gachi Property Sale to First Majestic

“The finalization of this deal with First Majestic on El Gachi and our preceding San Felipe deal with Americas Silver are the culmination of management’s strategic initiative to divest non-core assets from our mineral property portfolio and focus on our producing assets, those being the Rosario Project and the Veta Grande Project respectively”, stated Arturo Préstamo, President and CEO of Santacruz. “With an improved balance sheet and no further property payments to MHM we are now better able to maximize the return on capital from our silver production. “

Agnico Eagle Announces US$220 Million Sale of Common Shares to One Institutional Investor

“Agnico Eagle is pleased to welcome an important new strategic institutional investor to our share register, and we look forward to continuing to develop this relationship over time,” said Sean Boyd, Agnico Eagle’s Chief Executive Officer. “The offering also further enhances our financial flexibility as we build out our platform of high quality growth projects,” added Mr. Boyd.

Alix Initiates Maiden Drill Program on its Agua Fria Lithium Project, Sonora Mexico

Mike England, President of Alix, stated: “We are very pleased to be initiating the maiden drill program on the Agua Fria lithium clays discovery. With an international team of Canadian, Australian and Mexican personnel, the objective is to discover lithium-rich clay deposits similar in grade and size to that of the Bacanora/REM La Ventana deposit.”

Silver Standard Announces Proposed Name Change to SSR Mining

Paul Benson, President and CEO said, “With gold representing approximately 70% of our revenue, the current name does not accurately reflect our business. We have evolved from a silver-focused producer to an intermediate precious metals producer with three mines in the Americas. The proposed name, which includes the initials of our existing name, is a natural evolution in our more than 70-year history. While we are recommending a change to our name, our relentless focus on creating shareholder value remains.”

Endeavour Silver Reports Initial NI 43-101 Mineral Resource Estimate and Preliminary Economic Assessment for El Compas Mine, Zacatecas, Mexico

Bradford Cooke, CEO of Endeavour Silver, commented, “We look forward to developing El Compas into our fourth mine. The mine should generate robust economic returns at current metal prices because the two known mineralized zones (El Compas and El Orito) are relatively shallow and high grade. The operation is very scalable if we discover or purchase additional mineral resources in the Zacatecas district and refurbish the second ball mill to double the plant capacity to 500 tonnes per day (tpd). With the low capital investment of US$10 million funded by existing cash, and the short timeline of only six months to initial production once we receive the explosives permit and tax clarity, the El Compas mine has the near-term potential to become a healthy contributor to our consolidated cash flow.”

Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.

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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.