Day: May 24, 2017

Bacanora Minerals Completes C$13 Million Financing

The proceeds of the Subscription will be used to advance both the Company’s Sonora Lithium Project in Mexico, which is one of the larger lithium resources in the world, and its Zinnwald Lithium Project in Germany. Together, these assets are expected to enable the Company to target rapidly growing markets for lithium products in both Asia and Europe.

Almadex Minerals Drills 227 meters of 0.57 g/t Gold and 0.25% Copper in Hole EC-17-020 at Norte Zone

J. Duane Poliquin, Chairman of Almadex commented, “We are carrying out a systematic drill campaign to follow-up these results in the Norte zone. Elsewhere on the project we are conducting mapping and sampling preparatory to drilling other zones. This work already has defined previously unknown mineralization in the Villa Rica zone. We look forward reporting further results in the coming weeks and months as the programs progress.”

First Majestic Announce illegal Blockade at La Encantada

FIRST MAJESTIC SILVER CORP. announces that a rogue group of union workers have halted activities and blocked the accesses at the La Encantada Silver Mine in the state of Coahuila, Mexico. The illegal blockade arose after some of the unionized individuals did not agree with the bonus that the company and the National Union of Miners, Metallurgists, Steelworkers and Similar Workers of Mexico (National Union), agreed to offer the miners in lieu of profit sharing.

San Marco Commences Exploration on Oregano

San Marco Resources Inc. announces it has commenced exploration on the Oregano project, located within the Company’s 73,000 hectare Mariana concession (appl.), approximately 240 kilometres east of Hermosillo, Sonora State, Mexico. San Marco’s CEO, Bob Willis stated; “We are excited to commence this new phase of exploration at Oregano and believe a cost-effective, focused program of work has an excellent chance of encountering higher grade gold mineralization and generating drill targets for further exploration.” The Oregano mineralized system has been traced for three kilometres and appears to be open. This is a District scale exploration opportunity for our shareholders.”

Lithium Extractions Up To 99% From Agua Fria, Mexico

Mike England, President of Alix, stated: “Beneficiation is as important a step as discovering the lithium at Agua Fria. These results are extremely encouraging and we applaud the work done by our partners at Lithium Australia.”

Altiplano Minerals Appoints VP Exploration

Altiplano Minerals Ltd. is pleased to announce the appointment of Osbaldo Zamora Vega as VP, Exploration. Mr. Zamora has a B.Sc. in Geology from the Autonomous University of San Luis Potosi, Mexico, an M.Sc. in Geochemistry from the National Autonomous University of Mexico, and is currently a Ph.D. candidate in Economic Geology at the University of Alberta. He is conducting research on ore-formation processes in the Zacatecas Mining District, Mexico, a world-class silver mining district.

Minaurum Discovers Two New Vein Systems and Samples up to 494 g/t Silver At the Alamos Silver Project (La Quintera)

“We are very pleased to continue finding well-mineralized vein structures in what we now recognize as down-faulted blocks flanking the elevated Quintera block, that provided virtually all of the project’s 200 million ounce silver historical production”, stated Darrell Rader, Minaurum Gold’s President and CEO. “Our new piano-key structural model indicates that these veins are exposed at a high level and that intact silver shoots may lie at only a few hundred metres depth. We are currently rehabilitating access roads in anticipation of an initial drill program.”

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