Day: October 10, 2018

Leagold Appoints Attie Roux as Chief Operating Officer

Leagold Mining Corporation reports that Adriaan “Attie” Roux has been appointed to a newly created role of Chief Operating Officer for an initial term of six months. Mr. Roux is a Metallurgical Engineer with over 40 years of operational, technical and executive management experience in the mining industry.

Advance Hits Epithermal Veins Deeper in Phase 2 Drilling Also Hits 5 New Blind Veins

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “The Tabasquena project is in a region renowned for world-class mines, primarily from epithermal veins. In our first 7 holes on the project, we have drilled the known Tabasquena vein, which had historical silver production in the oxide zone, drilling below the historical mining workings is where we found our high-grade gold discovery, Drilling in phase 1 and 2 have tested deeper at the Tabasquena vein, discovered 8 other epithermal veins, 5 of the new discoveries completely blind, no surface outcropping vein nor geophysical expression. Our exploration team is excited about the prospects of finding a cluster of epithermal veins, in such an important region for mining epithermal veins containing precious metals…”

Sonoro Launches 10,000 m Drill Program at Cerro Caliche

“We are pleased to report that the data from the current sampling program conducted by Sonoro’s technical teams substantiate the data from prior sampling programs,” said Kenneth MacLeod, President and CEO of Sonoro. “The combination of new and historic data has enabled Sonoro to develop a strong understanding of the geologic structure, leading to a more precise targeting of drill holes for the current program and the expansion of surface sampling in the 14 km² project area, where additional mineralized zones are being evaluated.”

VVC Exploration – Placement Financings, Bonus Shares & Options Grant

The Company’s non-brokered equity private placement financing has been increased to CA$2.5 from the previously announced $1.2 million. The Company has raised to-date about CA$1.9 million and expects to close by November 5. The proceeds of these Financings will be used for ongoing drilling program, maintenance fees and option payments on the Company’s Samalayuca Copper Project, and for fees and work related to its Cumeral and La Tuna projects in Mexico, general administration costs in Canada and Mexico and for working capital.

Sierra Metals Reports Third Quarter 2018 Production Results

Igor Gonzales, President, and CEO of Sierra Metals commented: “I am pleased to see continued improvements in the production results for Q3 2018 including notable increases to consolidated metal production of silver, copper, zinc, and gold. In the third quarter the Company continued to build upon its strong performance in the first half of the year, despite the weather challenges we experienced at Bolivar. The Yauricocha Mine reported sequential solid production results, and the Cusi Mine continued with its tonnage improvements.”

Capstone Mining 2018 Third Quarter Production Results

Capstone Mining Corp. announced production results for the three and nine months ended September 30, 2018. Combined production totalled 21,400 and 60,600 tonnes of copper in the third quarter and year-to-date periods, respectively, with additional by-products of zinc, molybdenum, lead, silver and gold.

Telson Closes $6.8 Million Oversubscribed Financing at 39% Premium to Market

The net proceeds from Private Placement will be used by the Company to cover the Company’s requirement to contribute funding to the Tahuehueto Mine’s construction rehabilitation and operation under its loan agreement with Trafigura Mexico, S.A. de C.V., and for general working capital purposes.

Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.

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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.