Month: September 2017

Silver viper Minerals Corp. Completes Initial Public Offering with Expected Trading Date of Friday, September 29

Silver Viper Minerals Corp. is pleased to announce that it has successfully completed its initial public offering of 12,262,500 common shares of the Company at a price of $0.25 per share for gross proceeds of $3,065,625, and has received approval of its application to list its common shares on the TSX Venture Exchange. The Company anticipates that its common shares will commence trading on the TSX-V on or about September 29, 2017 under the trading symbol “VIPR”.

VVC Exploration Private Placement Financings

VVC Exploration Corporation is pleased to provide an update on its previously announced CA$1 million in a non-brokered equity private placement. This placement is for units of the Company at a price of $0.05 per Unit, whereby each Unit consists of one common share and one-half of one common share purchase warrant of the Company. Each full Warrant entitles the holder to purchase one additional common share of the Company for a period of three years, at an exercise price of CA$0.06 per share. The Company has raised to-date about CA$900,000 and have commitments for an additional $460,000. The Company therefore is increasing the maximum amount of the offering to CA$2 million. The proceeds from the offering will be used mostly for ongoing drilling program, maintenance fees and option payments on the Corporation’s Samalayuca Copper Project in Mexico and working capital.

Telson Resources Inc Sells 471 Tonnes of Tahuehueto Lead and Zinc Concentrates Processed Aug. 2017 for Cash Proceeds of US $1,584,902

“We have produced excellent concentrates from of our first Tahuehueto ore preproduction at the Atocha Toll Mill achieving a significant overall increase in concentrate grade from previous concentrate production. Atocha milling has produced an average 42% lead concentrate containing 121 g/t gold and over 1 kg of silver/t plus an average 55.8% zinc concentrate with payable gold and silver contents ,” states Antonio Berlanga, Telson’s CEO, “and recoveries of all metals have also been significantly increased with total average payable recoveries of 83% gold, 89% silver 81.5% lead and 85% zinc. These current results have exceeded our expectations, markedly surpassing the results achieved beginning of this year from the Initial Bulk Sampled processed at the basically equipped Andes Mill.”

Levon extends a Gold enriched sulphide zone through the Cordero Ag, Zn, Pb, Au Resource with 2017 infill drilling, aimed at improving starter pit economic projections

“As metal prices rebound our strategic focus has been to continue to define and improve the Cordero Resource. We expect the 2017 drill results will extend an Au enriched sulphide zone from the Diatreme into the Dome that will have a positive effect on economic projections in the continuing starter pit analysis. The 2017 Resource infill drilling also adds to our exploration understanding of the deposit. Our next step is to provide a 2017 43-101 compliant Resource update to the market and continue the starter pit evaluation toward producing Preliminary Economic Assessment. We are pleased with the 2017 drill results and the improving metals market, which fit our plans to improve Levon shareholder value. We believe Cordero, our 100% owned key asset, is a remarkable project with upside continuing to be realized” says Ron Tremblay, President and CEO.

Leagold Commences Development of Bermejal Underground

Neil Woodyer, CEO stated “We have been steadily advancing the development of the Bermejal Underground as an expansion project at our Los Filos mine, and the start of the portal and ramp is a significant achievement within our initial six months of ownership. The contribution from underground mining at Bermejal will add approximately 150,000 ounces per year to the operation and bring the combined production rate to 350,000 ounces per year once fully operational.”

Goldcorp Reports Positive Progress on Project Pipeline

At Peñasquito (100% owned, Mexico), the Pyrite Leach Project is 40% complete and expected to commence commissioning in the fourth quarter of 2018, three months ahead of schedule. PLP is expected to recover approximately 40% of the gold and 48% of the silver currently reporting to the tailings, and is expected to add production of approximately 1 million ounces of gold and 44 million ounces of silver over the current life of the mine.

Mina canadiense será explotada subterráneamente

Juan de Dios Magallanes, director de Minas de la Secretaría de Economía de Gobierno del Estado precisó sobre el proyecto minero de la empresa canadiense Oro Silver Ltd., que informó el pasado 13 de septiembre la alcaldesa Judit Guerrero López se asentará en la capital del estado, que sí se trata de la reactivación de la mina El Compás que se ubica en la comunidad de El Orito, y que tuvo su más reciente actividad de explotación hace 30 años.

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