Day: July 5, 2018

Sierra Metals Announces Filing of NI 43-101 Technical Report on the Bolivar Mine in Mexico

Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) has filed a technical report prepared in accordance with National Instrument 43-101 on the Bolivar Mine. The Report supports the disclosure made by the Company in its news release dated May 22, 2018 entitled “Sierra Metals Increases Mineral Reserve Estimate by 83% for its Bolivar Mine, Mexico”. There are no material differences in the mineral resources and reserves contained in the Report from those disclosed in the May 22, 2018 news release.

Canasil Drilling Intercepts 14-metre (True width 12.15 Metres) Vein Structure at La Esperanza Silver-Gold-Zinc-Lead Project

Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC) announces that while drilling progress has been slowed by adverse weather conditions and mechanical problems, drill hole ES-18-21 has been completed to a downhole depth of 347 metres. This hole intersected the La Esperanza vein, located in the SE of the project area, as projected at 315 metres downhole, returning a vein intercept over a core length of 14 metres with strong epithermal vein signatures made up of banded quartz textures with disseminated sulphide minerals. The true width of the intercept is approximately 12.15 metres. The core is currently being inspected and prepared for sampling in order to be sent for assay.

Sable Identifies 2 New Veins at Margarita Project

Following ten days of detailed field mapping at 1:5000 scale, two additional mineralized structures The Juliana and Marie Veins, were identified within Sable Resources mineral claims. The Juliana Vein can be traced for approximately 650m along a 040 strike. Previous grab sampling prior to mapping returned an assay value of 405 ppm Ag for the vein. The vain has been observed to dip approximately vertical and appears to merge with the Margarita structure to the southwest.

Goldplay Provides Corporate Update

Over the past 4 months, Goldplay has pursued an aggressive exploration program leveraging the team’s experience and track record in the discovery of Au and Ag deposits in the Rosario Mining District, Sinaloa, Mexico.

Alio Gold Announces Restructuring of Existing Debt Facility

“We are pleased to have the restructuring of the debt facility completed,” said Greg McCunn, Chief Executive Officer. “Macquarie has demonstrated their commitment to support Alio as we advance the Florida Canyon mine to a steady state production level. The restructuring provides us with the financial flexibility to focus on operational efficiencies to reduce costs.”

Silver Spruce Submits Definitive Drill Plan Declaration to Mexican Government for Pino de Plata Project

“The filing of the Informe Preventivo is an important and critical step to attain the permit to drill at Pino de Plata. Surface land owners with ranches on our project have granted access for the drill campaign, and the comprehensive declaration/permit application has been filed. Government approval for the drill program should be awarded within twenty business days, barring any additional clarification that may be requested. The application is complete and thorough. We do not anticipate that any additional information will be required,” stated Karl Boltz, CEO of Silver Spruce.

US$150 Million Debt Funding Secured as Part of Sonora Lithium Project Funding Package

Bacanora CEO Peter Secker said: “We believe that senior debt facilities of this size have been few and far between in the junior resource space in recent years. Furthermore, we consider that the costs and terms of the Facility are highly competitive when compared to other debt packages that have recently been reported for greenfield lithium projects in Canada and Australia. We view the debt facility with RK as a vote of confidence in Sonora’s credentials by a leading specialist debt provider in the resource sector. “

Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.