Month: November 2017

Santacruz Silver Reports Third Quarter 2017 Production and Financial Results

“In the third quarter the Company dealt with production equipment challenges at both the Rosario Project and Veta Grande Project compounded by lower than expected head grades,” stated Arturo Préstamo, President and Chief Executive Officer of Santacruz. “Importantly, at Veta Grande we successfully reached Level 6 where we are currently developing in situ mineralized material contained in pillars located in the Veta Grande vein. Preliminary assay results from chip samples collected across of this material are indicating higher grades.” Prestamo continued, “At Rosario we reached Level 2 of the Membrillo Prospect where we again are seeing higher grades from preliminary assay results from chip samples collected across the main Membrillo vein. We remain focused on developing these key projects with anticipated improvement.”

SilverCrest Continues to Intercept High-Grade Mineralization at Las Chispas Property, Extensions to Las Chispas and Giovanni Veins

N. Eric Fier, CPG, P.Eng, President and CEO, remarked, “These results are building on our previous drilling and underground sampling program, which has demonstrated intact semi-continuous high-grade mineralization for the Las Chispas and Giovanni veins. As part of our expanded Phase II Exploration Program, we intend to continue with underground drilling and channel sampling on the Las Chispas and Giovanni veins through Q1 2018. We remain on track to deliver a maiden resource estimate in Q1 2018 which will include the Las Chispas, Giovanni, William Tell and Babicanora veins.”

Inicia operaciones Sandvik en Zacatecas

La empresa multinacional Sandvik abrió un centro de distribución en el parque industrial de Calera que ofertará cerca de 300 empleos a los zacatecanos y fortalecerá el corredor industrial de la zona centro-norte del país.

Maverix Metals Announces Record Revenue and Operating Cash Flow for the Third Quarter 2017

Dan O’Flaherty, President and CEO of Maverix commented, “The third quarter of 2017 saw record revenue and cash flow for the Company as many of our core assets continue to outperform. We expect a strong finish to the year as a number of our operating partners continue to ramp up their assets to full production capacity including the Moose River Consolidated mine which started commissioning in October.” Mr. O’Flaherty continued, “With the loan facility and equity financings completed we are well positioned to seek additional accretive acquisitions that will increase the per share value of the Company.”

Alix Announces Increase in Additional Financing

ALIX RESOURCES CORP. announces that further to the Company’s news release disseminated earlier today, November 27, 2017, that it is increasing the additional non-brokered private placement from up to 3,000,000 units at $0.15 per unit, to up to 5,000,000 units at $0.15 per unit for amended gross proceeds of up to $750,000.

Gold Resource Corporation Declares November Monthly Dividend

Gold Resource Corporation declares its monthly instituted dividend of 1/6 of a cent per common share for November 2017 payable on December 26, 2017 to shareholders of record as of December 11, 2017. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA.

Canuc Closes Private Placement

Canuc Resources Corporation announces that it has closed a non-brokered private placement financing with gross proceeds of $464,934, resulting in the issue of 1,162,335 units at a price of $0.40 per Unit.

SilverCrest Expands Babicanora High-Grade Footprint to One Kilometre

N. Eric Fier, CPG, P.Eng, President and CEO, remarked, “Our continued step-out drilling along the strike of the Babicanora Vein has added another 400 metres to the previously announced high-grade footprint, bringing the total strike length to one kilometre. The Babicanora Vein has clearly developed into the most significant source of high-grade mineralization in the district. We are planning an additional 10 to 15 surface holes at the Babicanora Vein to infill recent results and test for further extensions before mid-January 2018. In addition, we will continue underground drilling at the Las Chispas and Giovanni veins. Drilling to date has intercepted areas of high-grade mineralization in all targeted veins, warranting further drilling to better define continuity and volume. We remain on track to complete our expanded Phase II program by mid-January 2018 in anticipation of releasing a maiden resource estimate for the Las Chispas Property in February 2018.”

Marlin Gold Intersects 10.57 g/t Au Over 6.00m at the Colinas Target Less Than 1km Southeast of the Taunus Pit at the La Trinidad Mine

Akiba Leisman, Executive Chairman and Interim CEO states that “this is a watershed moment for the La Trinidad Mine. Following up on an extensive review of geochemistry, geophysics, surface mapping and trenching at Colinas, we were able to hone in on an additional and potentially significant gold zone within our permitted mining boundary. In fact, the Colinas target area is a shorter haul distance to our processing infrastructure than where we are currently mining within the Taunus pit. The first two holes at Colinas, of which the first was abandoned mid-hole, have returned multiple high grade intercepts, highlighted by 10.57 g/t Au over 6.00 meters in hole 17COLDDH02. Most importantly, drilling thus far is suggesting that the gold-hosting structural corridor needs to be reinterpreted 100 meters to the west, leaving large areas of prospective ground untested.”

Oretest is a mining exploration drilling contractor based in Mazatlán, Sinaloa, México. The company is managed by Bart Forsyth, with 36 years of extensive drilling experience on most continents with major companies. The company takes great pride in providing high-quality services while making safety a priority. Maintenance, cleanliness, precision and proper drilling habits makes a good safety environment and produces results.

Nuestras responsabilidad con los clientes es ofrecer productos de calidad y una atención personalizada para las necesidades de cada uno de ellos. Así mismo, nuestro compromiso con la sociedad en México es cumplir con las medidas de seguridad recomendadas por la Secretaría de la Defensa para el manejo de materiales peligrosos.