Month: December 2018

SilverCrest Announces Additional Positive In-fill Drill Results at Las Chispas;

N. Eric Fier, CPG, P.Eng, and CEO, remarked, “With further positive results from closely spaced in-fill drilling, we continue to confirm the continuity of high-grade mineralization in the Babicanora Vein, including the Area 51 zone. These additional drill holes are indicating wider mineralized thicknesses in several areas than previously modelled and are starting to identify discrete multi-kilograms per tonne mineralized shoots.

Prize Mining Reports Results from Kena Gold Project 2018 Drilling Program that Includes Intersects of 4.37 g/t Au Over 6.00 Metres and 14.3 g/t Au Over 0.84 Metres and Provides Corporate Update

The Company raised a total of $9.8 million CAD over three tranches in the third quarter of 2018. A significant portion of these funds have been used to enable two significant diamond drilling and geological exploration programs at the above Kena Gold Project and the Manto Negro copper project in northeastern Mexico. As noted, the Kena program is now complete and the Phase 1 Manto Negro drill program is ongoing and expected to be completed by the end of January/early February 2019. In addition to diamond drilling with up to three drill rigs, the Manto Negro program has also included road building and upgrades, the installation of a full service camp and related infrastructure and services for water, telecommunications, and accommodations. Assays results from the current program are pending.

Bacanora Lithium plc – AGM Statement

“We continue to be in discussions with a number of industry and finance parties with regards to completing Sonora’s finance package at the asset level. Bearing in mind our offtake partner Hanwa, SGRF, the sovereign wealth fund of the Sultanate of Oman, and RK Mine Finance all carried out due diligence ahead of agreeing to provide funds for the construction phase at Sonora, we remain confident the outstanding funds will be secured in due course. We recently announced the appointment of Citigroup Global Markets Limited (“Citi”) to lead the equity financing of the Sonora project alongside Canaccord Genuity, both of whom shall also act as joint corporate brokers.

Mexus Initial Drilling at Santa Elena Mine Yields Exceptional Results

Mexus President Paul Thompson stated “The first batch of 75 samples have been received with positive results. We are expecting additional assays prior to the end of the year. Batches 2, 3 and 4 are expected to be completed in six to seven weeks at which time Mexus experts can complete a gold/silver resource valuation. The first 75 samples were analyzed by AA-multi element and gold/silver by fire assay.”

Coeur Announces Key Leadership Changes

Coeur Mining, Inc. today announced that the Company’s Board of Directors appointed Thomas S. Whelan as Senior Vice President and Chief Financial Officer effective January 1, 2019. Mr. Whelan will succeed Peter C. Mitchell, who has served as SVP and CFO since 2013. Coeur today also announced that the Board appointed Terry F.D. Smith as Senior Vice President of Operations. Mr. Smith was previously Vice President of North American Operations and recently replaced Frank L. Hanagarne, Jr. as principal operating officer of the Company. Mr. Smith will be responsible for overseeing all operational functions at each of the Company’s five operating mines in North America.

Goldplay Completes Private Placement

Goldplay Exploration Ltd. is pleased to announce that the Company has closed the final tranche of its non-brokered private placement previously announced on November 19, 2018 and has issued 1,244,166 units for gross proceeds of $273,716.52. Total gross proceeds raised under all tranches of this offering was $1,499,960.

Almaden expects 203 000 oz/y from Mexico precious metals project

“We have advanced Ixtaca from our blind discovery in 2010 to its current position as an outstanding inventory of precious metals in a well-established mining jurisdiction with a very robust economic profile. Significant potential remains to increase resources through continued drilling of portions of the Ixtaca project that remain open as well as other targets on this largely unexplored property. In the meantime, we are looking forward to further developing this deposit through permitting and construction to demonstrate our commitment to modern, responsible mining and the potential for Ixtaca to be a strong economic engine for the company and the region in which it is located,” said Almaden chairperson JD Poliquin.

Aura Announces Commercial Production Declared at Aranzazu

Rodrigo Barbosa, the Company’s President and CEO noted, “Commercial production is a significant milestone for our team that has delivered ahead of schedule and below budget. Our team has great experience and motivation to continue to deliver these kinds of results and I want to personally thank all of our team for their hard work.

Endeavour Silver Reports Positive Surface Drilling and Underground Sampling Results for the Parral Project, Chihuahua, Mexico

Bradford Cooke, Endeavour CEO commented, “With the success of the 2018 surface drilling, underground sampling and metallurgical testing programs, management now views the Parral Project as having good potential to become a profitable new mine. The Parral Project was our second largest exploration expenditure (after Terronera) this year and represents an important part of our growth strategy.

Layne, A Granite Company, provides sustainable solutions for water resources and mineral exploration. Originally established in 1882, Layne offers a rich history of delivering safe, professional, and reliable water and minerals solutions throughout North and South America. Granite acquired Layne and its subsidiaries in the fall of 2018, to further Granite’s strategy to grow through acquisition and diverse end market expansion.

All News

INTERA brings the experience and commitment to developing and implementing cost-effective solutions for every phase of mining projects—from planning and development, and construction and operations, to reclamation and closure.