Day: November 26, 2018

Americas Silver Provides Pershing Gold Transaction and General Corporate Updates

On September 28, 2018, the Company entered into a definitive agreement to complete a business combination with Pershing Gold. The combination will add a shovel-ready, gold-silver development project in Nevada that adds significant precious metal growth to the Company’s production profile. Once completed, Relief Canyon is expected to produce 75,000 to 90,000 ounces of gold annually at low cash costs over an initial seven-year life and generate annual post-tax cash flow from $25 to $30 million. This transformative combination is expected to increase the Company’s precious metal production by over 5 times with precious metals representing greater than 60% of silver equivalent production.

Minaurum Samples 102 g/t Gold and 4.6% Copper at Newly Discovered Alessandra Vein

Minaurum Gold, Inc., is pleased to announce the first high grade gold discovery at the Alamos silver project in Mexico. The newly discovered Alessandra vein zone lies in the eastern part of the project, approximately 1 km southeast of the Ana zone. Alessandra measures more than 4 metres wide in surface exposures, and can be traced for 1.1 km, with a topographic linear suggesting it extends at least another 1 km to the south-west.

Asiste a sesión del Clusmin el próximo subsecretario de Minería del Gobierno Federal

El Clúster Minero de Zacatecas (Clusmin) recibió en sus instalaciones -durante la sesión extraordinaria del mes de noviembre-, al próximo subsecretario de Minería de la Secretaría de Economía del Gobierno Federal, Luis Francisco Quiroga y a la senadora presidenta de la Comisión de Minería, Geovanna Bañuelos de la Torre, se informó en un comunicado.

Drilling continues at Mexus Gold US’s Santa Elena mine

Mexus Gold US announced that drilling continues at its Santa Elena mine project with no delays and is now on the 7th hole. Five holes were drilled along the Julio Vein-Shear zone for a strike distance of 250 meters with 35 to 40 meter spacing. The purpose is to test the continuity at 25 to 30 meter depths of both the quartz vein and the shear zone that are in the main prospect area. Drill holes proved the continuity at depth of the main quartz vein varying in width from 0.75 m up to 2.0 meters at 25 to 35 meters deep with a dip angle of 45 degrees to the East.

IMPACT Silver Announces Third Quarter 2018 Financial and Production Results

Fred Davidson, President & CEO of IMPACT stated, “Over the last two quarters we encountered the perfect storm of lower silver prices, lower grades at our mill, and fluctuating currencies (Mexican Peso & USD). To address this headwind of lower revenue and rising costs, the team has initiated a program designed to ultimately raise mining grades and reduce overall costs. Going forward, the Company will focus on ore grade selection including access to higher zinc zones even at the expense of tonnage milled if required. Work continues on the exploitation of the new San Ramon Deeps 2 zone just south of our current active mining areas, and on development of the Lipton vein at the Guadalupe Mine.”

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