Month: August 2018

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.

Prize Mining Closes Final Tranche of Non-Brokered Private Placement and Advances Field Programs in Mexico and British Columbia

“With this final tranche of the non-brokered financing now complete and the remaining financing imminent, we are looking forward to advancing our drill and work programs in Mexico and British Columbia immediately”, said Michael McPhie, President and CEO of Prize. “Prize is very fortunate to have two very good assets in the highly prospective near surface high grade Manto Negro copper project in Mexico and the Kena gold and silver properties with a large resource in southeastern British Columbia. We will be carrying out significant diamond drill programs on both properties in the coming weeks and the next several months will be very exciting as we demonstrate to our shareholders and the public why we have been able to gain such wide spread support and backing in an otherwise very difficult public market.”

SilverCrest Expands High-Grade Granaditas Vein, Discovers New Vein

N. Eric Fier, CPG, P.Eng and CEO, remarked, “With this expansion of the Granaditas Vein and discovery of the Granaditas Dos Vein, we continue to increase our near-surface high-grade footprint in the Las Chispas district. There are several other veins adjacent to the Granaditas reported veins and further drilling may indicate high-grade continuity with additional discoveries to be announced in this area. Conceptually, all high-grade veins discovered to date in the Babicanora and Granaditas areas could have shared underground infrastructure with benefits to mine sequencing and cost savings. It is our intention to include eight veins in the proposed updated resource planned for Q3 2018. The updated resource is to include the new 2018 discoveries of the Granaditas, Babicanora Norte and Luigi veins as well as expansions to the previously defined veins (Babicanora including Area 51, Babicanora FW, Las Chispas, Giovanni including La Blanquita, and William Tell).

IMPACT Silver Announces Second Quarter 2018 Financial and Production Results

Fred Davidson, President & CEO of IMPACT stated, “This quarter we encountered the perfect storm of lower silver prices, lower grades at our mill, and fluctuating currencies. To address this headwind of lower revenue and rising costs, the team has done an admirable job of reining in costs and decreasing operating expenses to $3.8 million from $3.9 million in the same quarter of 2017 while still processing about the same tonnage. Going forward, the Company will focus on ore grade selection including access to higher zinc zones. On a positive note, we have had excellent drilling success with the discovery of the new San Ramon Deeps 2 Zone just south of our current active mining areas.”

Discovery Identifies Multiple High-Grade Chimneys and Mantos at the San Jose Mine, Puerto Rico Project

Taj Singh, P.Eng, President & CEO, states, “Puerto Rico is really coming into focus, with two of the three historic mines now completely mapped and sampled. These new results from San Jose continue to highlight the very strong and consistent grades at the Project. The sampling program of the third historic mine, the Puerto Rico mine, has just wrapped up and we are awaiting assay results. The focus will now shift to drill-planning and prioritizing targets for drilling in 2H18. We are also finalizing plans for an airborne magnetic survey at the Project which will aid in drill-targeting and will also help to identify high-potential regional targets surrounding the historic mines’ area.”

Azure Minerals Ltd. – Drilling Restarts at Oposura

Commenting on the drilling starting, Azure Minerals’ Managing Director, Mr Tony Rovira said: “Since acquiring Oposura only 12 months ago, we have advanced the project very efficiently and productively and the Scoping Study / Preliminary Economic Assessment is nearing completion.”

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