Day: August 24, 2017

Maverix Metals Announces Increased Revenue and Operating Cash Flow for the Second Quarter 2017

Maverix’s President & CEO, Mr. Dan O’Flaherty commented, “The second quarter of 2017 saw many of the assets on which we own royalties achieve record quarterly production. We expect continued revenue and cash flow growth from our portfolio in the second half of the year as multiple assets ramp up to full production capacity and the Moose River Consolidated project in Nova Scotia begins commissioning.” Mr. O’Flaherty continued, “With the loan facility and equity financings now completed, we have significant capital capacity to fund additional accretive acquisitions that will build the per share value of the Company.”

Arian Silver – Lithium Drill Programme Update

Jim Williams, Chief Executive of Arian, commented: “The drill programme progressed well despite initial delays caused by unseasonably wet weather, which impacted ground conditions for drilling. The results of the programme should be available within three to four weeks and I look forward to reporting the results at that time.”

Mexican Gold Signs Drill Contract to Commence Drilling Program at Las Minas

The Company has contracted with K.D.L. Mexico S.A de C.V. for up to 3,000 metres of diamond drilling. The drill program will focus on expanding known mineralization at the El Dorado/Juan Bran, Cinco Senores, and Las Minillas zones and testing new targets identified by geophysical surveys. Drilling will also be scheduled for the high-grade Santa Cruz zone, contingent on the results of a planned surface work program at the site.

Americas Silver Corporation Provides An Exploration Update On Its Cosala Operations Property

“We are very encouraged by the initial success of this drilling,” said Darren Blasutti, President & CEO of Americas Silver Corporation. “Not only did the infill drilling increase the confidence of the existing resource at Zone 120, but the step out drilling to the southern extension confirms our geologists view of a larger, more robust system which could extend to the El Cajón deposit.”

Prospero To Drill El Petate Project With Fortuna Silver

Prospero Silver Corp is pleased to provide an update on its on-going 5 month 6,950 m reconnaissance drill campaign funded by strategic partner Fortuna Silver Mines Inc. The drill program is designed to carry out first-pass drilling of a number of Prospero’s early stage projects in the world class Mexican Altiplano mineral belt.

Santacruz Silver Reports Second Quarter 2017 Production Results

“At Rosario, production quarter over quarter has seen improvements as we transition from mineralized material from development to actual producing stopes at the Membrillo and Cinco Estrellas mines. In addition to this, the Veta Grande mine development has now reached Level 6, and mill recoveries have improved aiming to reach the targeted levels for silver during Q4” stated Arturo Préstamo, CEO of Santacruz adding, “The addition of Membrillo and Cinco Estrellas as feeders to the Rosario Mill has increased the gold content within our Rosario produced concentrates, while higher silver grade areas are now being accessed as the main Membrillo vein starts contributing to Rosario’s mill feed.”

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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.