Month: February 2018

Alexander Mining Acquires Zambia Patent For Leaching Cobalt Method

“The technology described in the patent has potential application for the extraction of cobalt from a range of oxidised or non-sulphide deposits. Cobalt, an essential component of lithium ion batteries, is a core target metal for the commercialisation of our intellectual property and we now have patent protection coverage in Zambia, one of the world’s most prospective countries of patent use,” said Chief Executive Officer Martin Rosser.

DynaResource Inc. and DynaResource De México SA De C.V. Announce a Favorable Decision From a US District Court Magistrate Judge Recommending the Vacating of a 2016 Arbitration Award

DynaResource Inc. and its affiliate DynaResource de México SA de C.V., the 100 percent owner of the San José de Gracia Project in Sinaloa, México, announce that a recent attempt by Goldgroup Resources Inc. to confirm an international arbitration award adverse to DynaResource has been rejected by a United States District Court.

Americas Silver Corporation Provides an Update on Zone 120 Exploration Drilling

“Recent drilling continues to expand the footprint of Zone 120,” stated Darren Blasutti, President and CEO of Americas Silver Corporation. “These results have increased our confidence that Zone 120 will become an important part of the Company’s near-term future. We expect that evaluation of development scenarios will start immediately after all new drilling data has been incorporated into an improved mid-year resource estimate.”

Endeavour Silver Reports 2017 Financial Results; Conference Call at 10am PST (1pm EST) Today

Bradford Cooke, CEO, commented, “Overall, we worked hard in 2017 to turn a year of challenges into a year of opportunities. I am pleased to report strong growth in net earnings in 2017, up 148% to $9.7 million or $0.08 per share, notwithstanding slightly lower revenues compared to 2016. In addition, our financial performance in the Q4, 2017 was up across all metrics compared to Q4, 2016. We reduced our operating costs during the year and expect to continue that trend into 2018. After a tough start to the year in the first quarter, Endeavour posted three consecutive quarters of improved production, making the fourth quarter our best of the year. Ore grades and throughput both improved in the second half. In 2017, silver equivalent production met the low end of our original guidance and the high end of our revised guidance, despite overcoming operational challenges at the Guanacevi mine. A new productivity optimization program was launched at Guanaceví last month and additional operational improvements are planned this year at Bolañitos and El Cubo. As we advance our development projects and continue optimizing our existing mines, we look forward to delivering one of the best growth profiles in the silver mining sector.”

Torex Clarifies Media Misinformation Regarding Land Lease Agreement

Fred Stanford, President & CEO of Torex stated: “Our understanding is that the Lease Agreement in place is the second most generous land agreement for mining in the country. The fact is this small group of families does not have the legal authority to speak for the Ejido, and they do not have the support of the Ejido to challenge the Lease Agreement or to conduct these illegal activities. We have no intention of being extorted to change what is already a fair and lucrative contract.” He added: “This illegal, thuggish behavior on the part of a few families and an outside union is a blatant attempt to intimidate and extort the Company. I want to be clear in saying that when Torex is scheduled to return to mining in EL Limon Pit, the Company’s employees will do so, and will not be intimidated.”

Excellon Enters Milling Agreement With Hecla for San Sebastian Sulphide Ore

“We are very pleased to begin this partnership with Hecla to process ore from the San Sebastian Mine, 42 kilometres northwest of our Milling Facility,” stated Brendan Cahill, President and CEO of Excellon. “This arrangement provides opportunities for additional operating cash flow to the Company and lower milling cost per tonne and all-in sustaining cost from Platosa. Our Milling Facility’s exceptional scalability has made this opportunity possible, with ample capacity remaining to process increased Platosa production and potential new discoveries at either Platosa or Miguel Auza.”

Hecla Secures Second San Sebastian Mill

“This is a significant step towards extending the life of the San Sebastian mine, and is in keeping with our strategy of maximizing the cash flow and minimizing capital investment by using third-party facilities,” said Phillips S. Baker, Jr., Hecla’s President and CEO. “We will take a bulk sample in the third quarter and if it is positive could begin mining sulphide ore next year. San Sebastian sulphides have the potential for five years of mine life and considerable upside with the recent exploration discoveries. We hope to mine oxides and sulphides concurrently since this agreement does not impact the current arrangement where oxide ore from shallower depths of the mine is being processed at the third-party owned Velardeña mill.”

Mexus Gold US – Ures and Santa Elena projects moving forward

Mexus Gold US announced that progress at the Ures project continues and is on pace. Cesar Lemas, project manager for the Ures project, recently completed the construction of access roads on the Ures, El Scropio, and 370 concessions. In addition, he continues to take samples from the area to be initially mined and is extremely happy with the assay results. Mr. Lemas added, “Based on my sampling, I can say that we should average 5 grams per ton Au from our VAT leaching system.”

Oroco Acquires Interest in Santo Tomas Properties

Oroco Resource Corp. is pleased to announce that it has acquired, through its wholly-owned Mexican subsidiary, Minera Xochipala, S.A. de C.V., a 77.5% interest in each of the La China II and Amp. Santo Tomás Reduccion 1 mineral concessions from Santo Tomas Metals, S.A. de C.V., and a 77.5% interest in an application for the Papago 17 mineral concession from Ubaldo Trevizo Ledezma of Choix, Sinaloa. In aggregate, the three properties comprise approximately 6,978 ha and abut and surround the Santo Tomas copper porphyry properties in Sinaloa, Mexico. Please see the attached map for references.

Southern Silver Files Cerro Las Minitas Technical Report

The Report, dated February 22, 2018, entitled “NI 43-101 Technical Report, Mineral Resource Estimate for Cerro Las Minitas Project, Durango State, Mexico ” was prepared by Garth D. Kirkham, P.Geo., following the guidelines of NI 43-101 and NI 43-101F1.

Layne, A Granite Company, provides sustainable solutions for water resources and mineral exploration. Originally established in 1882, Layne offers a rich history of delivering safe, professional, and reliable water and minerals solutions throughout North and South America. Granite acquired Layne and its subsidiaries in the fall of 2018, to further Granite’s strategy to grow through acquisition and diverse end market expansion.

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