Month: December 2017

Goldgroup Appoints Harry Burgess to Board of Directors

Mr. Harry Burgess was a Founding Partner and now an Associate Consulting Mining Engineer of Micon International, Ltd. and is a Member at Professional Engineers Ontario and a Member at The Canadian Institute of Mining, Metallurgy & Petroleum. He is on the Board of Directors at Cartier Iron Corp., GPM Metals, Inc. and ACME Resources Corp. Mr. Burgess was previously employed as an Independent Director by Champion Iron Mines Ltd., an Independent Director by Treasury Metals, Inc., an Independent Director by Tartisan Resources Corp., an Independent Director by Brigus Gold Corp., and an Independent Director by Vena Resources, Inc. He also served on the board at Mag Copper Ltd., Aquiline Resources, Inc., Absolut Resources Corp. and Amerix Precious Metals Corp. He has 40 years of experience with mining operations in China, Africa, North America and Australia. He received his undergraduate degree from Imperial College London, an undergraduate degree from The Royal School of Mines and a graduate degree from the University of the Witwatersrand.

Marlin Gold Announces Expected Timing of Closing of Arrangement

Marlin Gold Mining Ltd. is pleased to announce that, further to its December 19, 2017 press release it expects to close the Company’s previously announced plan of arrangement to reorganize its business, including the spin-off of its wholly-owned subsidiary, Sailfish Royalty Corp. on December 22, 2017.

Americas Silver Corporation Declares Commercial Production at the San Rafael Mine

“We are pleased at achieving this significant milestone for the Company,” said Daren Dell, Americas Silver’s Chief Operating Officer. “This mine will be the cornerstone of our Mexican operations and provide cash flow for further drilling and development of our Zone 120 resource, as well as future exploration on our greater land position in the Cosalá district without equity dilution. I would like to thank the entire staff of the Cosalá Operations who successfully brought the San Rafael mine into production while sustaining operations without significant interruption at the Company’s Nuestra Senora mine.”

Oceanus Completes Fall 2017 Drilling Program

During the first quarter of 2018, exploration will continue at the El Tigre property with the focus continuing to be on locating and defining other high-grade vein systems on the property. The Company will also begin testing the potential of the favourable El Tigre formation along strike to the south of the El Tigre mine with geological and prospecting teams mapping and collecting rock and geochemical samples over a distance of 5 kilometers to the south between Gold Hill and the Lluvia de Oro prospect.

Consolidated Zinc Ltd. – Thick Massive Sulphides Intersected in First Holes of Latest Tres Amigos North Campaign

The first two holes completed, LV5039 and LV5040, intersected thick massive sulphide intervals associated with the Juarez Limestone over 5.60m and 4.35m respectively. Assays are pending but visual analysis shows mineralisation comprises banded textured massive sulphides with very fine to fine-grained pyrite overprinted by coarse-grained yellow to reddish sphalerite and minor galena associated with carbonates.

Wealth Arranges Non-Brokered Financing Grants Options

Wealth Minerals Ltd. is pleased to announce that it has arranged a non-brokered private placement of up to 6,250,000 shares of the Company at a price of $1.60 per Share for gross proceeds of up to $10,000,000. All shares issued in the Placement will have a hold period in Canada of four months from the closing of the Placement. Finder’s fees are payable on a portion of the Placement. Completion of the Placement is subject to the acceptance for filing thereof by the TSX Venture Exchange.

Almaden Hits 16.40 m of 2.25 g/t Gold and 25.3 g/t Silver and 10.50 m of 2.45 g/t Gold and 24.4 g/t Silver in Upper Portion of PFS Pit

J.D. Poliquin, chairman of Almaden stated, “We are very encouraged to be outlining this new mineralized zone in an area modelled as waste for stripping within our PFS pit, and look forward to the inclusion of this new zone in future mine plans. Ongoing drilling will continue to seek more such zones even as the engineering work and feasibility study progress.”

Intervendrá el Estado en conflicto de Media Luna

Ante la petición de la empresa canadiense, el gobernador dijo “nosotros esperamos que este sea un asunto que encuentre un camino de solución, porque a nadie la conviene lo que está pasando y nosotros vamos a intervenir cuando tengamos la posibilidad legal de intervenir”.

Alio Gold Intersects 3.85 g/t Au Over 112 Metres At Ana Paula

“These final results of the drill program are again a reminder of the high-grade nature of the breccia mineralization within the proposed open pit at Ana Paula and give us further confidence in our existing block model,” said Greg McCunn, Chief Executive Officer. “We are excited to be turning our attention to testing the extension of the breccia zone below the proposed pre-feasibility study pit with a 6 hole, 4,000 metre program that is expected to begin in early January. This surface drill program will be undertaken in parallel to the construction of the underground decline which is being driven into the mineralized area to allow further drill testing from underground.”

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