Month: October 2017

Gold Resource Corporation Reports Third Quarter Net Income of $0.08 per Share, Maintains 2017 Production Outlook

Gold Resource Corporation reported production results for the third quarter ended September 30, 2017 of 6,465 ounces of gold and 392,153 ounces of silver, which along with base metal revenue generated $31.1 million in net revenue and $4.6 million in net income for the quarter. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, U.S.A. The Company has returned $110 million to its shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers its shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Almaden Infill Drilling Confirms Main Ixtaca Zone, Hits 25.00 Meters of 4.08 g/t Gold and 91.7 g/t Silver and 32.50 Meters of 2.02 g/t Gold and 109.2 g/t Silver All Within 184.00 Meters of 1.25 g/t Gold, 54.0 g/t Silver

J.D. Poliquin, chairman of Almaden stated, “These results again show the continuity of the Ixtaca Zone gold silver mineralisation. We are focussed on developing the Ixtaca deposit into a significant precious metals producer in Mexico, and engineering work and studies on a Feasibility Study are progressing well. We are at the top of a fully preserved epithermal system and over the next several months exploration drilling will also test for additional vein zones beneath alteration elsewhere on the project.”

Golden Goliath – San Timoteo Preliminary Report 2017

The Company is pleased to announce that it has now received the preliminary report from the 2017 work program on its 100% owned San Timoteo property, located in Chihuahua, Mexico. The program was carried out by a very experienced, independent consulting geologist with intimate knowledge of the property. The program was an expansion of the work conducted in 2016, but with a focus on structural geology and mineralization. It was designed to strengthen and increase the number of drill targets to be tested in the next major drilling program that will include surface and underground drilling to test targets property wide.

Defiance Commences 5000 Metre Drill Program Targeting New Silver Shoots

“We are excited to begin the first systematic drill program testing the Veta Grande vein east of San Acacio. Our geological model indicates that with the Veta Grande tilting to the south east, historic miners did not recognize the potential of the vein along strike. If our model is correct, we could dramatically expand the district’s silver footprint. With two diamond drills operating, we look forward to a steady flow of drill results over the next three months.” stated Roy Bonnell, President and CEO of Defiance Silver Corp.

Auxico Announces Encouraging Metallurgical Results for the Campanillas Mine

Auxico Resources Canada Inc. is pleased to announce encouraging metallurgical results from a 2.095 kg sample (2,095 g) taken from the volcanic breccia hostrock material in the footwall of the Campanillas Mine, which is located in the north-east corner of the Zamora Property. The sample contains 1.98 kg/t of silver (1,980 g/t) and 2.01 g/t of gold. This sample was treated by the Centre for Mineral Technology and Plastics in Thetford Mines in order to optimize the metallurgical extraction of both gold and silver. The recovery of gold was 71.60% and 92.9% for silver, as a result of processing this material by gravity and flotation methods.

Corex Receives First Proceeds from Gold Sales at Santana Property

“The first gold sold from the Santana property is not only validation of Chester Millar and our technical team’s belief in the open-pit heap-leach amenable Santana property but also the culmination of years of effort from those that preceded him and originally identified the prospectivity of the area. We look forward to completing the ongoing bulk testing and optimization studies and using future gold concentrate production to reconcile the larger scale potential of the core Nicho zones,” stated Doug Ramshaw, President and CEO.

Garibaldi Completed $10 Million Financing

Proceeds from the financing will be used primarily to further advance the Company’s 100%-owned E&L Nickel Mountain Project and to unlock the value of the Company’s 100%-owned gold and silver properties in Mexico.

Americas Silver Corporation Provides Third Quarter Production and Cost Update

“The Cosalá team has done an effective job at managing the development and operations of three different mines and a successful drill program during 2017,” said Americas Silver President and CEO Darren Blasutti. “We expect this strong performance to continue through to the end of 2017 and into 2018 with San Rafael coming into production on time and on budget in the next couple of weeks. We made a prudent decision to process El Cajón ore in the third quarter that increased costs in order to free up working capital that otherwise would have been inaccessible for years.”

Consolidated Zinc Management Changes – Transition from Explorer to Developer

Consolidated Zinc Chairman Mr Stephen Copulos said “We would like to thank Mr Dix for his contribution to the Company over the last 3 years especially in building a resource base of almost 1 million tonnes at 16% zinc plus lead from which the Company has successfully completed a positive Scoping Study. From this we will be able to transition to a developer and producer.”

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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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.