Gracias a las aportaciones del Fondo Minero para el municipio de Fresnillo, el alcalde José Haro de la Torre entregó obras en la Telesecundaria Sócrates de Valdecañas, con inversión de 618 mil 821 pesos, y un domo multifuncional en la primaria Emiliano Zapata, que costó 672 mil 427 pesos.
Tawn Albinson, the President of Prospero said: “Although the current drill program is limited to 3 holes, we’ve cut new vein systems within 25km of one of the world’s great silver-gold districts, the Pachuca-Real Del Monte system, which produced over 1.2-billion ounces of silver. We have at least 6-7km of linear, structurally-controlled alteration at surface on our concession so hitting multi-ounce and multi-gram silver and gold grades with the first 2 holes is exciting. The intercepts, which include 1.35m @ 227 Ag between 147.4m and 148.8m in hole 1, demonstrate that the negligible Ag and Au anomalies we noted in the surface alteration are related to a potentially significant epithermal vein system at depth. For example, the main vein structure in hole 2 is over 12m thick down hole; probably 8-10m true thickness, carries 0.39 ppm Au and 33 ppm Ag, and the third intercept which is 0.75 meters in width carries 6.4 ppm Au and 75 ppm Ag.”
Tim Barry, President, CEO and director of Silver Bull states, We have identified two distinct zones of high grade sulphide mineralization that are 4 to 5 meters in width and trend in a roughly E-W direction. Our recent drilling has extended these two zones to over 150 meters each along strike. The zone to the north is dominated by high grade silver, up to 1,300g/t and high grade copper up to 3.3%, whilst the zone to the south has, in addition to high grade silver and copper, high grade zinc grading over 20%. This is interpreted to represent a zonation of metals in the deposit. In addition to the area recently drilled we have opened up an additional 350 meters of historical workings along the east-west trend of the sulphide mineralization which was announced in January 2018. ..”
Evrim Resources Corp. is pleased to announce an update on the warrant exercises and would like to remind holders of the Companys common share purchase warrants dated December 16, 2015, that they have until 5:00 pm Pacific Time on March 19, 2018 to exercise their outstanding Warrants at a price of $0.25. Warrants not exercised prior to March 19, 2018 will expire.
Marc Prefontaine, Chief Executive Officer of the Company, commented: On behalf of the Board of Directors, we would like to welcome Etienne to the Orla team. Etienne has extensive industry experience and market understanding, which will help guide the Company through the next phase of its development, and I look forward to working with him to execute on the Companys strategic initiatives. I would like to thank Paul Robertson for his dedication to this role since 2015, including his oversight of two significant acquisitions for Orla.
Joseph F. Conway, Interim President and Chief Executive Officer of Primero added, “We are very pleased at the overwhelming support by our stakeholders for this transaction with First Majestic. It provides our shareholders an attractive immediate premium as well as retaining exposure to the high quality, long-lived San Dimas asset that they invested in, with the benefit of a significantly reduced stream. Our debentureholders will also benefit by being paid out at par plus accrued interest.”
The research report dated March 2, 2018 entitled Southern Silver Exploration Corp. (TSXV: SSV/FSE: SEG1 /OTCQB:SSVFF) – Initiating Coverage: Significant Resource Expansion in Durango, Mexico was written and produced by FRCs Vice-President and Head of Research, Siddharth Rajeev, B.Tech, MBA, CFA, as an independent analysis of SSVs activities and progress.
Plata Latina Minerals Corporation advises that it has entered into a debt settlement agreement with Mr. Gilmour Clausen, the Chairman and major shareholder of the Company. Pursuant to the Agreement, the Company agreed to issue 6,976,845 common shares to Mr. Clausen, representing approximately 10.35% of the current issued and outstanding common shares of the Company, at a deemed price of $0.045 per share based on the 15-day volume weighted average price. Post to the debt conversion, Mr. Clausens holdings of the Companys common shares will be approximately 27.10%. The debt relates to a promissory note of CAD $250,000 entered on May 5, 2015, bearing interest at 10% per annum.
The results of our first drill hole targeting the high-grade breccia below the proposed pit validate our decision to commence the surface drill program ahead of drilling from the underground decline, said Greg McCunn, Chief Executive Officer. The results will allow us to more fully understand the geometry of the complex breccia and the nature and extent of the mineralization ahead of drilling from the underground decline which is expected in Q3 2018. An added objective of our program was to test a lower-grade hydrothermal breccia structure lying south of the proposed pit which have shown positive results from this initial hole. The lower-grade hydrothermal breccia lies outside of the proposed PFS pit outline.
Fred Davidson, President and CEO, stated, “Earlier in the year, IMPACT was named to the 2017 TSX Venture 50. We entered 2018 with a clean balance sheet and no debt. Currently working capital remains strong at $5.6 million. IMPACT continues to expand its in-mine exploration and development to provide additional tonnage throughput at the mill. We also have in place ongoing exploration plans for high potential targets and continue to evaluate strategic transactions to grow value for our shareholders.”
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