Month: April 2017

Aura Silver Announces Stock Option Grant

Aura Silver Resources Inc. announces that it has granted stock options for a total of 5,300,000 common shares of the Company to officers, directors and consultants of the Company. These stock options are exercisable at CDN $0.07 per stock option and will expire on April 23, 2022. These stock options vest over an eighteen month period following the grant date and are governed by the terms and conditions of the Company’s stock option plan.

Mexus smelts first gold at Santa Elena mine

Mexus Gold US announced that on Saturday, April 22nd, CEO Paul Thompson observed the first smelting of precipitate at its Santa Elena mine. “This test run went well resulting in a small amount of dore. The crew will be fine tuning the temperature of the furnace, adjusting the flux mixture, and installing a more precise weighing system. These are normal steps for a start-up and won’t take long to perfect. This is a hallmark moment for Mexus and marks what will be the first of many gold pours to come.” added CEO Paul Thompson.

Capstone Mining Announces Amendments to Corporate Credit Facility

“This extension of our current low-cost, flexible credit facility, gives Capstone significant financial flexibility and right sizes the facility to meet our current and anticipated operating requirements,” said Darren Pylot, President and CEO of Capstone. “Our current drawn debt of approximately $300 million is comfortably within this amended availability and we have a cash balance of over $100 million.”

Source Exploration Corp. Announces Name Change to Mexican Gold Corp.

Brian Robertson, Chairman of the Board, stated, “We are pleased to change the name of the Company to Mexican Gold Corp. to more clearly identify the Corporation’s association with the location of its flagship Las Minas property and its strategy to explore and develop high quality mineral properties in Mexico.”

Santana Minerals Limited – New Silver Zone Identified at La Plata Prospect + Silver-Gold Rich Flexure Identified at Santa Eduviges Prospect, Cuitaboca Project, Mexico

Santana Minerals Limited is pleased to announce recent diamond saw trenching results at the La Plata prospect some 2km north of the Jesus Maria prospect plus rock chip and diamond saw trenching results at the Santa Eduviges prospect south of the Mojardina prospect, all of which sit within the Company’s Cuitaboca Project in Sinaloa, Mexico.

Hecla Reports 3.4 Million Ounces of Silver and 56,113 Ounces of Gold Production

“The first quarter production at Greens Creek and San Sebastian exceeded our expectations, more than offsetting the shortfall at Lucky Friday due to a strike by the union workers,” said Phillips S. Baker, Jr., President and CEO. “While our cost of sales increased over last year due to the higher throughput from the Casa Berardi open pit operations, our cash cost, after by-product credits, declined 73% over the first quarter 2016 to $0.84 per silver ounce. This strong operating performance allowed us to add $14 million of cash since the end of the year, marking the fourth consecutive quarter of increasing cash balances.”

Silver Bull Announces Voting Results from 2017 Annual Shareholder Meeting

Silver Bull Resources, Inc. is pleased to announce the detailed voting results on the items of business considered at its Annual General Meeting of Shareholders held on April 19, 2017. A total of 99,341,550 or 55.84% of the Company’s issued and outstanding shares were represented at the Meeting. The following nominees, as listed in Silver Bull’s Management Information Circular, were re-elected as directors of the Company.

Sierra Metals Files NI 43-101 Technical Report on Bolivar Mine in Mexico

The report is in support of the updated Mineral Reserve and Resource estimates for the Bolivar Mine and includes:

Total Indicated Mineral Resources of 9,335,000 tonnes averaging 18.1 g/t silver, 0.90% copper and 0.30 g/t gold, 1.23% CuEq

Total Inferred Mineral Resources of 9,055,000 tonnes averaging 17.9 g/t silver, 0.86% copper and 0.33 g/t gold, 1.20% CuEq

Total Probable Mineral Reserves of 4,327,000 tonnes averaging 17.5 g/t silver, 0.85% copper and 0.31g/t gold, 1.18% Cu Eq

Kootenay Announces Drill Program to Target Resource Expansion at La Cigarra Silver Project, Mexico

Kootenay Silver Inc. is pleased to announce that amended permits are in place and preparations for the previously announced 7,500-meter drill program are underway at its 100% owned La Cigarra silver project, located in Chihuahua State, Mexico. Drilling will commence in approximately two weeks and operate concurrently with ongoing geological mapping and sampling programs on peripheral target areas, which will be drill tested later in the year. The program is designed to expand on the reported Measured and Indicated silver resource, which currently stands at 18.5 million tonnes grading 86.3 gpt containing 51.5 million ounces and an Inferred silver resource of 4.45 million tonnes grading 80.0 gpt containing 11.4 million ounces.

Alset Energy Starts Drilling at La Salada Salar in Zacatecas, Mexico

Allan Barry Laboucan, President and CEO of Alset Energy said: “Our team has worked hard to get to this stage where we can start drilling and carrying out further sampling on the La Salada salar. La Salada is one of our highest grade salars based on past historical work, but we really need to better understand the distribution of lithium, potassium and boron throughout the salar and to test for brine horizons. I look forward to a good news flow from this program as we will be very busy working at La Salada and sending material in for testing.”

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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.