Month: January 2018

Torex Provides Corporate Update: 241,000 Ounces Of Gold Poured In 2017

Mr. Stanford added, “In the 10 months of 2017 operations, prior to the illegal blockade, 241,000 ounces of gold were poured, and the plant was producing at approximately 90% of design capacity. We are optimistic that progress is being made in getting the operations re-started, and look forward to completing the ramp-up, finishing the SART Plant, and getting back underground into the Sub-Sill area. 2018 has the potential to be a catalyst rich year for Torex, for the benefit of our shareholders, employees, communities, and the thousands of families that depend on the operations for their livelihood.”

IMPACT Silver provides Exploration Update on Santa Teresa gold target, Royal Mines of Zacualpan, Central Mexico

IMPACT Silver Corp. is pleased to provide an exploration update on a new and developing gold target within the Royal Mines of Zacualpan Silver District in central Mexico. Although work will be continuing on the silver-gold veins that have provided five centuries of historical production at the Zacualpan District, the work at Santa Teresa represents a new initiative for IMPACT’s exploration team to explore different sorts of mine making targets.

Colibri Resource Corporation Wishes to Provide an Update of its Corporate Development Plans for the First Quarter of 2018

The Company has finalized its plans for a two-phase drilling program on the “Main Zone” at its 100% owned advanced exploration Pilar Gold Project in the Sonora State of Mexico. To date, Colibri has defined an in-house resource calculation on Main Zone deposit of 700,000 tonnes grading 1.9 g/t. This new program is designed to expand this resource and define it by NI 43-101 standards.

Torq Resources Appoints Dan McCoy, Ph.D. as Chief Geologist

Torq Resources Inc. is pleased to announce the appointment of Daniel T. McCoy, Ph.D. as the Company’s Chief Geologist. Dr. McCoy has worked extensively in the mineral sector for over 27 years, specializing in precious metals exploration primarily in North and South America and Africa. He led the team credited with discovering the multi-million ounce Esaase gold deposit in West Africa. He also led the acquisition and exploration of the El Barqueno project in Mexico which was acquired by Agnico Eagle Mines Ltd. from Cayden Resources Inc. in 2014.

SilverCrest Appoints Christopher Ritchie as President; Announces Private Placement and Grants Options

N. Eric Fier, CEO, stated, “We are excited to have Chris joining our SilverCrest Team. Chris brings with him a wealth of industry knowledge including financing, market awareness, and investor relations skills. We are encouraged with the growing success at SilverCrest and believe it is time to welcome Chris with his additional skill set. Our expanded senior management team will allow us to further concentrate our efforts on the Las Chispas Property in Northern Mexico as well as other potential discoveries to strengthen SilverCrest’s long term growth. During his time at National Bank Financial and Canaccord Genuity, Chris developed a lengthy committed partnership with SilverCrest and the significant financial investment he is personally making today shows that growing commitment. I am excited to mentor Chris in his new role.”

Azure Minerals Ltd. – Drilling Update for Alacrán

During the year following the December 2016 decision to exercise its right to earn back an ownership interest in the Alacrán project, Teck carried out exploration comprising geological mapping, surface geochemical sampling and geophysical (IP and CSAMT) surveys, with most activities focused in the western half of the property. This work confirmed two high priority targets which were tested by diamond drilling, with three rigs completing 11 holes totalling 4,905m.

Mammoth Announces Share for Debt Settlement and Issuance of Options

Thomas Atkins, President and CEO of Mammoth commented on the debt settlement and options issuance, stating: “These shares for debt and options are being issued at a 33% premium to the recently closed private placement financing. The settlement of debt for shares, where certain insiders were willing to accept such shares enables this amount to be invested in drilling, With the company soon to begin releasing results from its diamond drill program at the Tenoriba gold-silver property in Chihuahua, Mexico this share for debt and the annual option issuance is timed prior to any news flow on the drilling where black-out periods can occur and to eliminate any risk that the timing of any future share/option issuance may be influenced by knowledge of pending results. The Company expects to report on the results from this drilling in the coming weeks as results become available.”


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