Year: 2018

Discovery Strengthens Management Team with Appointment of Gernot Wober as VP Exploration

Taj Singh, President & CEO, states, “We are very excited to have Gernot join the team. Gernot brings a unique depth of experience with him. He has worked on a range of projects from grassroots through to advanced-stage and has the proven ability to coordinate between all disciplines involved to drive projects forward. His significant experience working in Latin America and with carbonate-hosted deposits will be tremendous assets for us as we focus on the advancement of our projects in Mexico.”

Prize Mining Closes $6.5 million of Non-Brokered Private Placement

As previously described, the net proceeds of the Offering will be used by the Company for: Marketing, advertising and Investor Relations activities; Corporate Development and M&A financial advisory services; Drilling, geological, engineering and metallurgical investigations and associated consulting services on the Manto Negro Copper Project located in Coahuila State, Mexico; Property payments/leases/option payments, and Corporate General and Administrative expenses.

Sierra Metals Announces Filing of NI 43-101 Technical Report on the Bolivar Mine in Mexico

Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) has filed a technical report prepared in accordance with National Instrument 43-101 on the Bolivar Mine. The Report supports the disclosure made by the Company in its news release dated May 22, 2018 entitled “Sierra Metals Increases Mineral Reserve Estimate by 83% for its Bolivar Mine, Mexico”. There are no material differences in the mineral resources and reserves contained in the Report from those disclosed in the May 22, 2018 news release.

Canasil Drilling Intercepts 14-metre (True width 12.15 Metres) Vein Structure at La Esperanza Silver-Gold-Zinc-Lead Project

Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC) announces that while drilling progress has been slowed by adverse weather conditions and mechanical problems, drill hole ES-18-21 has been completed to a downhole depth of 347 metres. This hole intersected the La Esperanza vein, located in the SE of the project area, as projected at 315 metres downhole, returning a vein intercept over a core length of 14 metres with strong epithermal vein signatures made up of banded quartz textures with disseminated sulphide minerals. The true width of the intercept is approximately 12.15 metres. The core is currently being inspected and prepared for sampling in order to be sent for assay.

Sable Identifies 2 New Veins at Margarita Project

Following ten days of detailed field mapping at 1:5000 scale, two additional mineralized structures The Juliana and Marie Veins, were identified within Sable Resources mineral claims. The Juliana Vein can be traced for approximately 650m along a 040 strike. Previous grab sampling prior to mapping returned an assay value of 405 ppm Ag for the vein. The vain has been observed to dip approximately vertical and appears to merge with the Margarita structure to the southwest.

Goldplay Provides Corporate Update

Over the past 4 months, Goldplay has pursued an aggressive exploration program leveraging the team’s experience and track record in the discovery of Au and Ag deposits in the Rosario Mining District, Sinaloa, Mexico.

Alio Gold Announces Restructuring of Existing Debt Facility

“We are pleased to have the restructuring of the debt facility completed,” said Greg McCunn, Chief Executive Officer. “Macquarie has demonstrated their commitment to support Alio as we advance the Florida Canyon mine to a steady state production level. The restructuring provides us with the financial flexibility to focus on operational efficiencies to reduce costs.”

All News