A new report by BMI Research states that a possible victory by frontrunner presidential candidate Andrés Manuel López Obrador poses minimal downside risks to an otherwise strong outlook for Mexicos mining industry.
Goldens President and Chief Executive Officer, Warren M. Rehn, notes, We are pleased with the results of this independently?prepared estimate, as it presents a potentially viable mining opportunity for us in El Quevars Yaxtché deposit. Potential to increase the size of the Yaxtché deposit remains, as the deposit is open to the west. Additional high?grade silver targets identified by drilling exist in several areas near Yaxtché. We plan to expand on this new resource to enhance the potential viability of a possible operation….
J.D. Poliquin, chairman of Almaden stated, We are very encouraged by these results which are beginning to define a new mineralised zone well outside of the PFS pit and resource area. These results demonstrate the potential for discovery on the project and for the Ixtaca mine plan to grow with continued exploration. Ongoing drilling will continue to seek more such zones even as the engineering work and Feasibility Study progress.
David Coburn, Gainey Capitals CEO stated, We are confident this processing partnership will allow Gainey to establish a longer term tolling strategy utilizing our 300 TPD gravity/ flotation mill. Positive cash flow generated from a potential agreement will allow the company to move forward more aggressively on exploration projects we are currently considering.
We are pleased that our recent exploration program confirms our geological model that the Veta Grande vein continues to pinch and swell along strike. IP and drilling have delineated a coincident target with strong potential to host a virgin silver shoot, stated Peter J. Hawley, President and CEO. While it is still in its early days, this proves that the Veta Grandes potential continues along its 4.4km of strike length yet to be tested. We are excited with the target and look forward to drilling it.
Allan Barry Laboucan, president and chief executive officer of Alset Minerals, said: “We have completed first-pass leach testing of composite sediment samples from our salars that show, with dilute acid, we can recover between 79 per cent and 97 per cent of the lithium in a matter of hours. Cinvestav has completed the advanced leaching analysis that needs to be carried out prior to pilot plant testing. This work will provide key data for various water temperatures, leaching times and acid amounts, which are important in understanding the low-cost potential of lithium recovery from our salars. With the help of Dr. Perez Garibay and his team at the Cinvestav lab in Saltillo, we can complete the work required to establish these low costs. This work will be potentially transformative for the company, and we are excited to move ahead. Once we have signed this collaborative agreement, we will report on the findings from the advanced leaching analysis completed by Cinvestav.”
Fred Stanford, President and CEO of Torex stated Im pleased to welcome Steve to the Torex Team. He brings excellent operational judgement, acquired from many years of working closely with mine sites. This judgement, his team based approach, and aligned values, will blend well with the senior team as they continue to optimize the operations. He also brings a strategic mindset, with M&A experience, which will be key in his role, as we advance the growth of the Company. We are all looking forward to April 2nd, when Steve joins the team.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “For a junior exploration company with a tiny market valuation we have a lot on the go. At our 100% owned Tabasquena silver mine in Mexico, we are planning a geophysical survey together with a follow up drill program. The well known Milagros silver mine lies approximately 8 kilometres to the south east of the Tabasquena mine. We believe that these two mines lie on the same structure.
Carlos Silva, COO of Santacruz, stated “The expansion of the Veta Grande Project diamond drill program to include the Armados vein will allow us to better delineate a mine plan on this vein in anticipation of the inminent expansion of the Veta Grande mill capacity.” Mr. Silva continued “The mill expansion activities are in line with our budget and commissioning of the new ball mill is scheduled to start by the end of the first quarter aiming to achieve designed efficiencies during the month of April.”
As announced on 14 December 2017, NextView previously entered into a binding placing letter with the Company pursuant to which it agreed to acquire 32,976,635 common shares in the Company at a price of 94.53 pence (approximately C$1.6223) per share for aggregate gross proceeds of £31,172,813 (approximately C$53,498,000). The initial target date for completion of the Placing was end of January 2018. The Company has fulfilled all of its obligations in respect of the Placing, however, NextView has failed to forward the Placing proceeds to the Company, leaving it in default under the terms of the Placing Letter.
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