Day: November 7, 2017

“We are very excited about this project”, said Marc Prefontaine, CEO of Orla. “Camino Rojo is an advanced project with historic oxide gold and silver reserves, sulphide resources and a largely unexplored land position in a highly-prospective area. Crews are on-site preparing to commence a large work program with four priority goals: complete an updated resource estimate on the project; advance the oxide portion of the deposit as quickly as possible to a production decision for an open pit mine and heap leach extraction facility, continue evaluation of the sulphide portion of the deposit, and, commence exploration on several known gold and silver targets previously identified on the large 200,000 hectare land position.”

GOLDCORP INC. is pleased to announce the completion of the previously announced sale of its interest in the Camino Rojo oxide project, located in Zacatecas, Mexico to Orla Mining Limited. The closing follows receipt of Mexican anti-trust approval and the satisfaction of closing conditions customary in a transaction of this nature.

Fred Stanford, President & CEO of Torex, stated: “This escalation will weaken the relationship between employees and the company and between contractors and the Company. Upon resolution of the illegal blockade, the schedule to restart the operations will be dependent on how many personnel elect to return to site. This is an unknown outcome, at this time.”

DynaResource, Inc. is pleased to announce that Mr. Eduardo Luna, a member of the Company’s Board of Directors, and Special Advisor to Mineras de DynaResource S.A. de C.V., the exclusive operator of the San Jose de Gràcia Project in the State of Sinaloa, México, was inducted into the “Hall of Fame of Mexico Mining” by the Association of Mining, Metallurgists, Geologists and Engineers of Mexico, at the International Mining Congress held in October 2017 in Guadalajara, Mexico. The Mexico Mining Association reports over 3,500 members, and the 2017 International Mining Congress was attended by over 15,000 guests and contributors.

“We are very pleased to see the strong positive impact of the enhanced project scope on the already remarkable economics of the Bonanza Zone,” said George Paspalas, MAG Silver President and CEO. “The PEA considers expanding the throughput from 2,650 tpd to 4,000 tpd, a reformulated ramp system, underground crusher-conveyor system and an internal shaft for expediting extraction of the mineralization towards the base of the previously known resources together with the new Deep Zone resources. The fact that we can accomplish the scaled-up project in a short time period and for a relatively small Capex increase is testimony to the quality of the asset and the insightful experience brought to the project by our partner and project operator, Fresnillo. With over $121 million in cash and cash equivalents as at September 30, 2017, we believe MAG is funded for its share of the development well into 2019.”