Day: November 1, 2018

Alamos Gold Anuncia la Conclusión del Proceso de Extracción de Mineral en su Mina El Chanate, Ubicada en Altar, Sonora

Alamos Gold, Inc. informa que debido al abatimiento de las reservas minerales en su unidad minera “El Chanate”, a partir del mes de noviembre se da por concluida la extracción de mineral, continuando en el mediano plazo con la producción de oro únicamente mediante el proceso de lixiviación en patios. En sus 12 años de operación, la mina El Chanate extrajo una cantidad importante de toneladas, alcanzando a esta fecha 690,000 onzas de oro y más de un millón de onzas de plata producidas.

Alamos Reports Third Quarter 2018 Results

“We made excellent progress in the third quarter towards both our near and long-term objectives. We met our quarterly production guidance and remain well positioned to achieve full year guidance. We completed the Phase I expansion at Island Gold on schedule and are having ongoing success on the exploration front which has translated into significant Mineral Reserve and Resource growth in the year since we acquired the mine. We’re also advancing on the lower mine expansion at Young-Davidson which will unlock the full potential of the mine and drive significant free cash flow growth,” said John A. McCluskey, President and Chief Executive Officer.

Odyssey Marine Exploration Announces Above Market $5.0 Million Registered Direct Offering of Common Stock and Warrants

“This funding, when combined with the expected future revenue from contracted projects and profit participation from the current recovery project under contract, is expected to fund Odyssey into 2020, based on our current budgets,” stated Mark Gordon, President and CEO of Odyssey Marine Exploration. “The proceeds from this offering also give us flexibility to take advantage of new strategic opportunities that have the potential to deliver significant value in the near future and allow us to accelerate early stage production development or other expenses for our Mexican phosphate project.”

SilverCrest Reports Best Drill Hole Intercept to Date, More High-Grades at Las Chispas;

N. Eric Fier, CPG, P.Eng, and CEO, remarked, “We continue to de-risk Las Chispas with the startup of closely-spaced in-fill drilling for the Babicanora Vein, including the high-grade Area 51 zone. By announcing our best drill hole intercept to date suggests that significant additional potential could be discovered at Las Chispas. Furthermore, we are intercepting high-grade vein mineralization within 5 to 10 metres of our projected target, which helps to increase our confidence in vein location and continuity. “

Excellon Reports Third Quarter 2018 Financial Results

“It was a tough quarter that is not representative of the many operational improvements made at Platosa in recent quarters,” stated Brendan Cahill, President and CEO. “In addition to lower production, financial results were impacted by lower by-product prices and associated provisional price adjustments, which have affected the whole market.”

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.