Day: July 9, 2018

Consolidated Zinc Ltd. – Appointment of Angela Pankhurst to NED position

Consolidated Zinc chairman, Mr Stephen Copulos commented: “We welcome Angela to the Board as she brings a wealth of experience in the international resources sector. She is uniquely qualified to strengthen the Company’s governance, legal and accounting systems and her appointment will round out and strengthen the Board. We look forward to her involvement and guidance as Consolidated Zinc moves to commence production.”

San Timoteo’s Summer Work Program

Golden Goliath Resources Ltd. (TSX.V GNG ) (US: GGTH-F) is pleased to announce that the 2018 summer work program is now starting. The Company is now in the planning stage for a future possible drilling program on its 100% owned San Timoteo property located in Chihuahua, Mexico. Personnel are now mobilizing to the San Timoteo property to continue the target selection process, including evaluating what road work would be needed to drill the various targets. Previous compilation work on San Timoteo has already defined over 40 drill targets. The current work will prioritize these and the Company intends to drill the top priority target when funding is available.

McEwen Mining Files Fenix Preliminary Economic Assessment – Extends El Gallo Mine Life by 12 years

This PEA study evaluates the potential extension of production from the El Gallo Complex in Sinaloa, Mexico. The proposed development plan evaluated in the PEA is called Project Fenix. The key outcomes of Project Fenix include an average annual production rate of 47,000 ounces gold equivalent, a 12-year mine life, low initial capital cost of $41 million, mine pay-back of 4.1 years, and an after-tax IRR of 28% at current gold and silver prices.

Torex Announces Production Results For The Second Quarter

Fred Stanford, President and CEO of Torex stated: “The site teams continue to implement the initiatives to ramp up production.In April, plant throughput was 9 kt/d. In May it was 11 kt/d and in June it was 13 kt/d. In June, plant throughput was above 13 kt/d for 21 days; 9 of those 21 days were above 14 kt/d, and of those 9 days, 5 were above 15 kt/d. Guidance is maintained at 325,000 – 350,000 gold ounces sold for the year.” He added: “The SART plant produced its first copper precipitate, on schedule, in late June. The operations team has taken over from the commissioning team and will now take the SART plant to full production. Growth activities continued through the quarter with development and exploration drilling at the Sub-Sill. In-fill drilling in Media Luna continues and the updated technical report on the ELG Mine and the Media Luna project is on schedule to be completed in late July / early August. We all look forward to the second half of 2018 and the many catalysts that are expected to demonstrate the company building potential of the Morelos Gold Property.”

Sierra Metals Announces Positive Preliminary Economic Assessment Results for a 67% Output Expansion at its Bolivar Mine in Mexico to 5,000 Tonnes Per Day Yielding a Return on Investment of 550%

Igor Gonzales, President and CEO of Sierra Metals commented: “The Company is very encouraged by the results of this PEA as they support the plan to profitably develop and grow the Bolivar Mine in sustainable and staged steps from 3,000 TPD currently, to 3,600 TPD in Q1-2019, and to 5,000 TPD in mid-2020, based on consensus metal pricing.

Discovery Strengthens Management Team with Appointment of Gernot Wober as VP Exploration

Taj Singh, President & CEO, states, “We are very excited to have Gernot join the team. Gernot brings a unique depth of experience with him. He has worked on a range of projects from grassroots through to advanced-stage and has the proven ability to coordinate between all disciplines involved to drive projects forward. His significant experience working in Latin America and with carbonate-hosted deposits will be tremendous assets for us as we focus on the advancement of our projects in Mexico.”

Prize Mining Closes $6.5 million of Non-Brokered Private Placement

As previously described, the net proceeds of the Offering will be used by the Company for: Marketing, advertising and Investor Relations activities; Corporate Development and M&A financial advisory services; Drilling, geological, engineering and metallurgical investigations and associated consulting services on the Manto Negro Copper Project located in Coahuila State, Mexico; Property payments/leases/option payments, and Corporate General and Administrative expenses.

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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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.