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.

Evrim Resources Welcomes Strategic Investment from Newmont Mining Corporation

“The investment by Newmont is a strong endorsement for the potential of the Cuale gold project,” commented Evrim’s CEO Paddy Nicol. “Evrim and Newmont have established a strong exploration relationship for several years undertaking targeted generative exploration in two areas of North America, and this investment is a natural evolution of that relationship. We are pleased to once again utilize Newmont’s technical knowledge and expertise in high sulphidation gold systems to advance Cuale.”

Silver Viper Terminates Option on Clemente Project

“We would like to thank Riverside for the opportunity to advance the Clemente project and we look forward to working with them again in the future. At this time, our focus has shifted towards the La Virginia project. It is far more advanced and has a history of some very successful drill results while still being underexplored throughout most of the project.” said Steve Cope, CEO of Silver Viper.

Prize Mining Closes First Tranche of 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.

Harvest Gold Approves Cerro Cascaron Drill Budget; Reprices $2M Worth of Warrants

Harvest Gold Corporation is pleased to announce that, further to its news release of August 9, 2018, the Board of Directors has approved the drill program budget submitted by project operator, Evrim Resources Corp. for the diamond drill program at the Cerro Cascaron gold project in Chihuahua, Mexico. The planned program includes up to 3000 metres of drilling comprising 15 holes covering seven target areas.

Ethos Gold Corp. Expands La Purisima Property

Ethos Gold Corp. is pleased to announce that it has, through its Mexican subsidiary Compañía Minera Roca Dorada, S.A. de C.V. entered into an option agreement with Mr. Rodney Alan Blakestad Cobean to earn a 100% right, title and interest in and to 897 hectares of mineral concessions contiguous to its La Purisima project situated in the municipality of Buenaventura, Chihuahua, México, subject to the Property Owner being entitled to a 2.0% net smelter return royalty upon the Company earning 100% interest in the Property on the terms set out in the Option Agreement.

Sable announces launch of early warrant exercise incentive program

Sable Resources Ltd. is pleased to announce a warrant exercise incentive program designed to encourage the early exercise of up to 27,205,500 of its outstanding unlisted warrants exercisable for common shares of the Company. The Warrants are currently exercisable at a price of $0.25 per Common Share until September 8, 2019.

Pierde Napo mina en huelga

El recuento donde ayer Gómez Urrutia perdió la titularidad jurídica del Contrato Colectivo de Trabajo arrojó como resultado 150 votos para su Sindicato Nacional de Mineros, y 262 a favor del Sindicato Nacional de Trabajadores de la Exploración, Explotación y Beneficio de Minas de la República Mexicana.

Vangold Mining Announces Private Placement

Vangold Mining Corp announces a non-brokered private placement financing of up to 10,000,000 shares at a price of $0.05 per share for gross proceeds of up to $500,000, to investors in British Columbia, Ontario and such other jurisdictions as may. Finders fees may be payable in connection with this private placement.

Seabed mining the next frontier as DeepGreen trawls Pacific for copper

DeepGreen’s subsidiary, Nauru Ocean Resources Inc (NORI), owns two exploration licenses for polymetallic nodules – imagine a field of mineral-containing potatoes – covering an area of 75 000km² of the Clarion Clipperton Zone of the East Pacific Ocean, off the coast of Mexico. It completed its third exploration voyage in June, with four more planned as it maps the sea floor, finalise its engineering plans and measure the resource, which it believes is one of the biggest in the world of copper and cobalt.

Sierra Metals Announces Filing of NI 43-101 Technical Report on the Preliminary Economic Assessment Report for its Bolivar Mine in Mexico with a 67% Output Expansion Yielding a 550% Return on Investment

Sierra Metals Inc. 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 July 9, 2018 entitled “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%.”

Defiance Extends San Acacio Payment To 2020

“We are very pleased with the extension of the San Acacio option to 2020 and would like to thank our property vendor for their continued support of Defiance.We plan to use this additional financial flexibility to continue focusing our exploration efforts on the as-yet unexplored extension of the Veta Grande vein” stated Peter J. Hawley, President and CEO.

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