Month: August 2018

Evrim Resources Announces Closing of Private Placement

Evrim Resources Corp. is pleased to announce that, further to its previous announcement on August 28, 2018, the Company has closed its private placement with Newmont Canada Corporation, a wholly owned subsidiary of Newmont Mining Corporation. A total of 4,848,401 shares of the Company were issued to Newmont at a price of $1.50 per share for gross proceeds of $7,272,601.50.

Santacruz Silver Reports Second Quarter 2018 Financial Results

“During the second quarter we saw the beginning of the turnaround in our mining operations.” stated Carlos Silva, Chief Operating Officer of Santacruz. “Although the positive changes to our production volumes and operating costs were modest we firmly believe that we are now on the path to improved operating results at both Veta Grande and Rosario.” Mr. Silva continued, “With the mill expansion at Veta Grande completed and a better delineated mine plan on its way, our focus now is to improve underground stope production at both mines. Anticipated improvements include an increase to the grade of mineralized material being fed to both mills as well as higher metal recoveries which are expected to result in increased production and a lower unit cost of production.”

Riverside Resources Provides Exploration And Corporate Update

Riverside’s President and CEO, John-Mark Staude, stated: “We are pleased to have partners and be taking steps ourselves in advancing our portfolio of high-quality precious and base metal projects toward unlocking the next big discovery in Mexico. We appreciate the support and contributions from our shareholders and diverse exploration team as we see many stock catalysts in the coming months including our particular excitement with the Cecilia Project and its news flow to come in early September.“

Endeavour Silver Reports Updated NI 43-101 Mineral Resource and Reserve Estimates and an Updated Pre-Feasibility Study for the Terronera Mine Project, Jalisco, Mexico

Bradford Cooke, CEO of Endeavour Silver, commented, “Our efforts to optimize the Terronera mine project have resulted in significantly improved operating parameters and financial returns for this high grade, district scale exploration and mining project. Multiple engineering trade-off studies and the incorporation of the very high grade La Luz vein Mineral Resources and Reserves into the 2018 PFS in particular helped to improve the outlook for Terronera compared to the 2017 PFS.”

Endeavour Silver Reports Company-Wide Initiatives to Reduce Capital, Operating and Other Costs, Temporary Halt of El Compas Plant Operations to Re-Commission the Tailings Facility

Bradford Cooke, Endeavour CEO, commented, “Enhanced cost discipline is the prudent course of action for mining companies during times of lower metal prices, especially when investing to develop new mines. This austerity program is our proactive response to the current low metal prices. Once metal prices recover, Endeavour Silver will be in a position to deliver more robust returns thanks to improved operational performance and a strong growth profile.”

Minaurum Expands Alamos to 16,134 Hectares; Discovers Three New Veins

“With the newly found Yoreme veins, we have outlined a vein swarm of 12 prominent and separate veins within an overall corridor measuring 10 km long and 2.7 km wide at Alamos.” stated Darrell Rader, President and CEO of Minaurum. “The new claims not only triple the size of our holdings but also ensure that we control the strike of all known veins, greatly expanding the impressive untested exploration potential at Alamos.”

Goldplay Announces Further Sampling Results From San Marcial Historical Core; Confirms Open Pit Target Near Surface with 46.0 Meters @ 129 gpt AgEq

Goldplay President and CEO Marcio Fonseca commented, “Goldplay’s systematic sampling of 22 existing core drill holes (previously only partially sampled) is confirming the upside potential for resource expansion, while delineating mineralized zones wide enough to support a high-grade bulk mineable open pit target at the San Marcial Project. The sampling program is progressing with pending results expected to lead to an updated resource estimation by the December quarter of 2018.

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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.