Month: March 2018

Orla Announces David Stephens as Director

Orla Mining Ltd. is pleased to announce that Mr. David Stephens has been appointed to the Board of Directors of the Company. Mr. Stephens is currently Vice President Corporate Development and Marketing with Goldcorp Inc. He replaces Mr. Steven Thomas as Goldcorp’s representative on the Board of Directors of Orla, following Mr. Thomas’ resignation from the Board, as he is leaving Goldcorp to commence a new role as CFO of Torex Gold Resources Inc.

Goldcorp Deposits the First Gold on Tradewind Blockchain

“We are excited to be an investor in Tradewind and participate in the launch of VaultChain, a cutting-edge technology that integrates physical gold into a blockchain,” said David Garofalo, President and CEO at Goldcorp. “We believe physical gold stored on a blockchain will increase the utility of the commodity and, ultimately, drive value in the price of gold. We are thrilled to be an early adopter of this 21st century platform and deposit its first bar of gold.”

Prospero Silver Expands Au-Ag Bearing Epithermal Vein System at Pachuca SE Project, Mexico

Tawn Albinson, the President of Prospero said: “The limited program we’ve just finished demonstrates that the Pachua SE property hosts a number of blind epithermal veins with silver and gold mineralization; exactly what we’d hoped to see at the property. The discovery validates the science-based strategy we’ve applied to our exploration for blind epithermal targets; a strategy which we’ve implemented in the drilling and generative work with Fortuna. The next step at Pachuca will be additional drilling program to extend mineralization in the veins. “

Stockport Exploration Inc. Announces Proposed Extension of Convertible Notes

Stockport Exploration Inc. announces that its $295,000 loan financing from various directors, officers, and other private investors of the Company of 15% unsecured convertible notes will have the maturity date extended by eighteen months, subject to TSX Venture Exchange approval. Under the terms of the financing, the principal amount of the Loans bear interest at 15% per annum, payable quarterly and will be repayable by the Company on or before September 27, 2019.

Azure Completes Oposura Resource Drill-Out

Azure Minerals Limited is pleased to announce further high-grade zinc and lead assay results from its now-completed resource definition drilling program at the Company’s flagship Oposura Project.

Argonaut Gold Announces Updated mineral Reserves at its Operating Mines and Files Updated national Instrument 43-101 Technical Reports

Pete Dougherty, President & CEO stated: “We significantly increased our Mineral Reserves and mine life at El Castillo through the purchase of, and exploration success on, the adjacent San Juan mineral concession. Furthermore, we feel we have more opportunity at El Castillo in the future with approximately an additional 220,000 gold ounces in Measured and Indicated Mineral Resource above and beyond the Mineral Reserve. With San Agustin now also having achieved commercial production, the El Castillo Complex boasts a Proven and Probable Mineral Reserve of 1.3 million gold ounces and 26.2 million silver ounces and across our Mexico operations we now have over 1.7 million gold ounces of Mineral Reserves. At La Colorada, we continue to demonstrate our ability to consistently replace the ounces we deplete annually through mining due to our successful exploration programs.”

Prize Mining Receives Technical Report on the Manto Negro Oxide Copper Deposit, Mexico

“We are very pleased that the authors of the technical report have validated our exploration model for sediment-hosted copper on the Manto Negro property”, stated Michael McPhie, Prize’s President & CEO. “Our initial work on the property has already returned very encouraging results with high copper and silver grades. We now intend to expand our exploration program to further demonstrate the district-scale and near term production potential of the project.”

Mexican Gold Re-Discovers Historical Gold Mines at Las Minas

As one of the geologists on site commented, “Finding these old mines that have been lost to the jungle for 100 years really has an Indiana Jones feel to it. It’s easy to forget that we’re drilling off a paved road a few kilometers away.”

Endeavour Silver Updates Progress on Terronera Silver-Gold Mine Project in Jalisco, Mexico

Bradford Cooke, Endeavour CEO commented, “We have made very good progress in enhancing many of the operating parameters and developing our working knowledge of this proposed mine. While we are waiting for the final government permits for Terronera, we will continue refining our studies over the next few weeks, and we plan to release an updated PFS once the permits are approved.”

MAG Silver Reports 2017 Annual Results

George Paspalas, President and CEO, commented, “we saw the 2017 PEA strongly validate the enhanced project scope, size and economics of the Juanicipio project. We look forward now to completing the feasibility study which will trigger the production decision and set us on the path forward with our partner Fresnillo. As we progress through 2018, the strategy to commence exploration on some of the greenfield targets on the Joint Venture ground should materialize”.

Millrock Announces Stock Option Grants

Millrock Resources Inc. announces it has granted a total of 1,295,000 stock options under the Company’s stock option plan to directors, officers, employees, and consultants. The options are exercisable at $0.23 per share for a period of five years.

Advance Gold Starts Exploration at Tabasqueña Silver Mine in Ojocaliente, Mexico

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “Our exploration team, lead by geologist Jose de Jesus Parga (former head of Geological Survey of Mexico), is excited to get started with our new exploration program. At the Tabasquena vein, which can be traced on surface through outcrops for 2000 metres, all historical mining was focused on a small portion of the vein at its furthest lateral extent. What makes this such a compelling silver exploration target is that only the oxidized portion of the epithermal vein had been mined in the 1970s by Penoles, no mining or drilling has ever been completed into the sulphide portion…”

Stockport Exploration Inc. Announces Definitive Agreement for Amalgamation with Sona Nanotech Ltd.

Stockport Exploration Inc. further to the Company’s press release dated September 18, 2017, is pleased to announce that it has entered into a definitive agreement providing for the amalgamation of the Company with Sona Nanotech Ltd. pursuant to the Canada Business Corporations Act to form an amalgamated company to be called “Sona Nanotech Inc.” as the resulting listed issuer. Sona is a private company existing under the laws of Nova Scotia, with its operations in Nova Scotia. As a pre-condition to the Amalgamation, shareholders of Sona will be required to approve continuance of Sona as a corporation under the Canada Business Corporations Act.

Starcore Narrows Focus to Production Oriented Assets in Mexico

“As we narrow our focus on production oriented assets in Mexico, we will continue to reshape the organization to deliver the most value for our shareholders and all our stakeholders,” said Robert Eadie, president and CEO. “The intended sale or joint venture of non-core assets we are announcing today will further align resources, improve efficiencies throughout our company, and prepare us for the next stage of growth”.

San Marco Confirms Exploration Model for New Copper/Silver Discovery at Chunibas and Updates Exploration Plans in Preparation for Drilling

Robert Willis, San Marco’s CEO commented, “Our understanding of this new discovery has rapidly advanced in the last three months. We now have a type deposit to use as an exploration guide and we’ve enlarged the field crew to accelerate advancement of the discovery. It’s encouraging to know there are successful mines based on the same deposit type elsewhere in the world. Like Chunibas, Chilean deposits have mineralized zones that can be visually subtle and contain few accessory minerals that respond to indirect survey methods. We need to map and sample outcrop exposures in detail to maximize the effectiveness of a maiden drill campaign. We’re working hard to get that done as quickly and completely as possible.”

Mexican Gold Corp Announces Financing

MEXICAN GOLD CORP. is pleased to announce that it intends to complete a non-brokered private placement of up to $1,000,000 at a price of $0.30 per unit with a small group of investors. The Company may, in its sole discretion increase the size of the Private Placement by up to 25% for aggregate gross proceeds of up to $1,250,000 at the price of $0.30 per Unit at any time prior to the closing of the Private Placement.

Odyssey Marine Exploration Reports Full Year 2017 Results and Updates Current Projects

“Odyssey is making great progress already in 2018 on both the mineral and contracted shipwreck elements of our business, and we received notification from NASDAQ on March 8th that we had regained compliance with all listing requirements. The recent ruling by the Mexican Superior Court is a big step towards the ultimate issuance of the environmental permit, which will allow us to confirm that the ‘Don Diego’ deposit can produce cost-effective phosphate for much-needed fertilizer in an environmentally responsible manner,” said Mark Gordon, Odyssey chief executive officer.

Aztec Minerals Wins Government Land Lottery, Acquires Major Land Position Adjacent to Cervantes Property in Sonora State, Mexico

Aztec Minerals Corp. recently participated in a Mexican government land lottery and was awarded two new mineral concessions covering approximately 3,149 hectares adjacent to the Cervantes property in Sonora, Mexico. Combined with the 500 hectares currently under option from Kootenay Silver, Aztec’s land position at Cervantes has now expanded more than six fold to 3,649 hectares.

Premier Gold Mines Reports 2017 Fourth Quarter and Full-Year Results

The Company exceeded its annual production guidance for a second consecutive year with 24,385 ounces of gold and 77,082 ounces of silver produced during the fourth quarter and 139,658 ounces of gold and 357,901 ounces of silver produced for the full year. Metal sales were 23,000 of gold and 77,096 ounces of silver for the fourth quarter and 155,727 ounces of gold and 338,831 ounces of silver for the full year.

Proyecto ambientalista de una presa en mina San Julián

Presentan proyecto ambientalista en San Julián, Guadalupe y Calvo, en el que se prevé la construcción de una presa para utilización sustentable del agua en el proceso de extracción minera. El alcalde Noel Chávez destacó ante la presencia del gobernador Javier Corral, la importancia de los proyectos sustentables en pro del medio ambiente.

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