Month: July 2017

Torex Successfully Completes US$400 Million Facility To Refinance Project Debt

Fred Stanford, President and CEO of Torex said: “This Loan Facility is the result of the very productive relationship that has been established over the years with the Banks. The advantages of this Loan Facility include access to resources for the development of our Media Luna Project, a reduction in debt costs, and a reduction in the management time required to manage the Loan Facility, thereby freeing up management time for optimization of our current operations and to focus on development of growth projects. We look forward to advancing the growth opportunities that are made possible by this Loan Facility.”

En Caballo Blanco, sólo exploración minera, afirma la Semarnat

Precisó que los trabajos de exploración se encuentran amparados en la Norma Oficial 120, que permite hacer cierto número de exploraciones con tubos de hasta 300 metros de profundidad para sacar muestras y descartar la posibilidad de existencia de minerales.

Southern Silver Hits High-Grade Extension at Cerro Las Minitas Returning 12.5m (est. TT) Grading 154g/t Ag, 2.0g/t Au, 3.2% Pb, and 3.9% Zn (558g/t AgEq; 15.7% ZnEq) in Recent Drilling

Southern Silver Exploration Corp. reported today that it continues to identify high-grade mineralization from the current core drilling program on the Cerro Las Minitas project, Durango State, Mexico. Recent drilling has identified two thick intervals of mineralization in hole 17CLM-101 opening up the potential for significant extensions to the Blind Zone and Skarn Front deposits to the southeast of their currently drill extents.

MX Gold Corp. Corporate Update on Magistral from CEO

Mr. Dan Omeniuk, Chairman and CEO of MX Gold stated, “The turn-key build out of the plant includes increasing throughput capacity to 1,000 tonnes per day. The build out is on track to be completed, with the plant operational, by this November.”

Riverside Resources Samples up to 5.45 G/T Gold and Establishes 5 Priority Drill Targets at The Cecilia Gold Project in Sonora, Mexico

Riverside’s President and CEO, John-Mark Staude, stated: “Riverside acquired the Cecilia gold Project because our geologists view the volcanic complex at the heart of the Project as being a prime setting for a major epithermal mineral system, predominantly gold-bearing at higher levels and possibly more silver rich at lower elevations. The fieldwork we have completed so far, combined with the compilation and analysis of historical data, further supports this view. We have at least five high-potential gold targets defined at the Project, which are being permitted for drilling.”

Minera Alamos Initiates Fast-Track Development Activities for La Fortuna Gold Project and Expands Management Team

“The financial support provided by our recently announced strategic alliance with Ossisko Gold Royalties and the subsequent private placement allows the Company to fast-track the development cycle for the La Fortuna project” said Darren Koningen, President and CEO of Minera Alamos. “Bringing ECT onboard now allows us to complete this critical stage of design so that development schedules for the project can be compressed once a formal construction decision is made. Our next critical milestone is the submission of the permit application documents for the project in the coming weeks. In addition, we are extremely pleased to announce key additions to our management group as we transition towards construction and operations. The extended capabilities of our technical team are also critical to support our goal of expanding the Company’s development and production profile through additional acquisitions in the short term”.

Aztec Minerals Commences Exploration Program at Cervantes Property

Aztec Minerals Corp. announces it has commenced the 2017 exploration program at the Cervantes property in Sonora State, Mexico. Work now underway includes a more detailed review of historic drill data not previously released, as well as additional geological mapping and geochemical rock and soil sampling of the main California gold prospect and the Jasper copper-gold prospect area immediately west of the California gold prospect area.

Avino Announces Q2 2017 Production Results

“We are pleased with the 11% increase in production this quarter compared to the second quarter of last year. The results are higher this quarter compared to the same period last year mainly due to the increased mill availability experienced in the second quarter of 2017. At our current rate of production, we anticipate outputs to be similar in the second half of the year. We are also very happy with the progression of the plant and mill expansions which will further develop and maintain a solid production profile going forward,” David Wolfin, President, CEO & Director, Avino Silver & Gold Mines Ltd.

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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