Month: April 2017

Alix Announces Gerhard Jacob to Board

ALIX RESOURCES CORP. is pleased to welcome Gerhard Jacob to its Board of Directors. Mr. Jacob is a seasoned professional with almost 30 years of experience in the mining and exploration industry. He has worked and evaluated numerous projects around the globe plus has extensive management experience. During his career Gerhard served on the board of several junior companies and as a lead advisor. His most recent directorship was with Pure Energy Minerals and has worked on lithium projects since 2011. Mr. Jacob holds an MSc. in Geology /Geochemistry from the University of Goettingen, Germany.

Arian Silver – Expiry of Option over Tailings Project

Jim Williams, Chief Executive Officer of Arian commented: “It is helpful to have come to a conclusion on the Noche Buena tailings project. In drawing a line under this project, we can focus on our lithium interests where we see the greatest upside potential. We expect to announce the first set of assay results from our recently acquired lithium projects imminently, and a preliminary technical report is scheduled to be completed soon thereafter.

Americas Silver Corporation Provides First Quarter Production and Cost Update

“As previously announced, the year began slowly at Galena with expected lower grades and some necessary mill maintenance affecting silver and lead production but we are encouraged for the rest of the year with the lower grades, the mill liner changed and the associated backfill challenges behind us,” said Americas Silver President and CEO Darren Blasutti. “Development at San Rafael has recently been slowed but measures have been taken to address the poor ground conditions. We anticipate being able to resume our targeted development rate once we are in more competent ground in early May. We continue to expect to begin production from San Rafael by the end of Q3, 2017 within budget. San Rafael will transform the Company to a first-quartile cash cost producer and generate substantial cash flow in 2018 and beyond.”

Capstone Mining First Quarter 2017 Financial Results

“In the first quarter of 2017 we generated $22 million of operating cash flow despite challenging operating conditions at Pinto Valley,” said Darren Pylot, President and CEO of Capstone. “All three of our mines generated positive net earnings for the quarter, supported by higher realized metal prices.”

Alix Intersects +1,000 ppm Lithium in the 1st Drill Hole on its Agua Fria Lithium Project, Sonora, Mexico

Mike England, president of Alix, stated: “We are very pleased with the results from the first drill hole and the drill progress to date the Agua Fria lithium clay targets. 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.”

Timmins Gold / Alio Gold Makes Management Changes

The Company is pleased to introduce a new management team that has been assembled to grow the Company into a mid-tier gold mining company by revitalizing its San Francisco Mine in Sonora, Mexico and building its high-grade, high-margin Ana Paula Project in Guerrero, Mexico. As part of the transition, Arturo Bonillas will be stepping down as President of the Company. He will continue as an advisor to the new team to ensure continuity of important permitting and community relations activities.

Avino Announces Further Results from its Current Exploration Drill Programs (Between the San Luis Workings and Elena Tolosa Workings, and to the West of San Luis) at the Avino Mine

“We are very encouraged with the overall results of the initial exploration drill program between the San Luis workings and Elena Tolosa, and due to the success of the program, we are pleased to have extended it. The results support the continuation of the extensive Avino Vein system, and continue to demonstrate that this is a new gold rich area that has been untouched in the past,” David Wolfin – President & CEO Avino Silver & Gold Mines Ltd.

OZ Minerals Signs Exploration Agreement for Acapulco’s VHMS Targets in Mexico

Acapulco Gold Corp. is pleased to announce that it has entered into a mineral exploration earn-in agreement with OZ Exploration Pty Ltd. and Minera Zalamera S.A. de C.V., pursuant to which Zalamera has granted an exclusive option to the Company and OZ Minerals, together as optionees, to acquire the Zaachila, Riqueza Marina, and Zapotitlan projects in Oaxaca, southern Mexico.

Layne, A Granite Company, provides sustainable solutions for water resources and mineral exploration. Originally established in 1882, Layne offers a rich history of delivering safe, professional, and reliable water and minerals solutions throughout North and South America. Granite acquired Layne and its subsidiaries in the fall of 2018, to further Granite’s strategy to grow through acquisition and diverse end market expansion.

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