Month: June 2018

Prize Mining Announces $4 Million Brokered Private Placement

The Company intends to use the net proceeds of the Offering for continued drilling, geological, engineering and metallurgical investigations and associated consulting services on its Manto Negro Copper Project located in Coahuila State, Mexico.

Sierra Metals Defines 40-Metre Wide, High-Grade Silver Stockwork Area Which Remains Open to Depth and Width Within the Santa Rosa de Lima Vein at its Cusi Mine, Mexico

Alonso Lujan, Vice President Exploration at Sierra Metals commented: “ Today’s press release demonstrates the existence of increased high-grade silver mineralization at Cusi with the potential for further resource development, as this area remains open at depth and along strike. The increased potential resources defined today will allow the Company to utilize the highly productive exploitation method of sublevel caving and help achieve its economic objectives at the Cusi Mine. …”

Aloro Receives Permit to Drill and Construct Road Access

The old permit was for core drilling with a man portable rig, did not allow for the construction of an access road and was due to expire on July 30, 2018. The new permit will allow for the drilling of 12 drill holes, the building of 12 drill sites 14 x 7 meters suitable for using a reverse circulation drill, and the construction 3,693 meter access road 7 meters wide in order to reach the 12 new locations.

Slim’s Minera Frisco, Goldcorp agree tie-up in Mexico

Minera Frisco (MFRISCOA1.MX), a mining company controlled by Mexican tycoon Carlos Slim, said on Thursday it had struck an exploration agreement in Mexico with a local unit of Canada’s Goldcorp Inc (G.TO) in which the two would be equal partners.

Goldcorp Releases 2017 Sustainability Report

“Goldcorp’s dedication to continuous improvement elevated our sustainability performance once again in 2017,” said Mr. Brent Bergeron, Executive Vice President, Corporate Affairs and Sustainability. “Innovation, consultation and partnerships are cornerstones of our sustainability strategy, and underscore sustainability initiatives that are fully integrated with our business drivers. We are pleased to see that ongoing efforts to build trust and constructive working relationships with our host communities are delivering sustainable value – long-term social and economic benefits that make a positive difference in areas where we operate.”

Harvest Gold Announces the Appointment of Patrick Donnelly to its Board of Directors

Harvest Gold’s President and CEO Rick Mark states: “We are all very pleased to have a person of Pat’s background and experience join the Harvest Board as an Independent Director. I first met Pat ten years ago when he was a Mining Analyst and I was running VMS Ventures. He was professional, thorough and really understood want it took to be successful in exploration endeavors. Since then, he has moved to the management side of the public company world and recently had a great run as President of First Mining Gold Corp. where he raised significant dollars, built an impressive Company and learned much about Gold and Silver exploration in Mexico. He is a perfect fit for us and I look forward to working with him.”

Kootenay Silver Announces Option Agreement with Capstone Mining for the La Mina Project

Kootenay Silver Inc. (TSXV: KTN) is pleased to announce that its wholly owned Mexican subsidiary has entered into an option agreement with Capstone Mining Corp. (TSX: CS) on the Company’s La Mina Project, located 180 kilometers southeast of the city of Hermosillo in Sonora State, Mexico. La Mina was staked by Kootenay as part of its generative property portfolio strategy and covers the upper levels of a zoned copper porphyry mineral system exposed over a 2 by 2 kilometer area.

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