Month: January 2019

Palamina Announces Private Placement

Palamina Corp. is pleased to announce that it will conduct a non-brokered private placement offering of up to 6,250,000 units at a purchase price of $0.32 per Unit, for aggregate gross proceeds of up to $2,000,000.

Endeavour Silver Introduces Portfolio of Exploration Projects in Chile, Reviews Growth Strategies and 2019 Exploration Plans, Hosting Growth Webinar Today, 10 am PT

Bradford Cooke, CEO, commented, “In recent years, we diversified our growth strategy to include a portfolio of greenfields projects in Chile that have bulk tonnage potential. Our exploration group acquired and explored three attractive new projects to delineate high priority targets for drilling this year. The targets include low sulfidation epithermal silver at Aida, high sulfidation epithermal gold at Paloma and porphyry copper-molybdenum-gold at Cerro Marquez. We are thrilled to introduce today this new pipeline of growth projects and we look forward to drilling them in the second half of this year.”

Candente Gold Ratifies Agreement with El Oro Municipality for Re-Processing Historic Tailings

Candente Gold Corp. is pleased to announce that its Mexican subsidiary, Minera CCM El Oro Jales S.A. de CV has renewed the option, originally signed in 2013 and both re-newed and revised in 2017. This agreement allows the Re-Processing of the tailings deposit derived from the Mexico Mine, part of the San Rafael Vein in the El Oro District. The New Tailings Agreement signed in 2017, is to be ratified every three years, when the Municipality elects a new President and Council Members. There was no change to any previous terms in the Ratified Agreement.

Summary – 2017/18 Drilling Program – Samalayuca Copper Property, Chihuahua State, Mexico

VVC Exploration Corporation is pleased to provide a summary of final results from the 2017/2018 diamond drilling program at Company’s Samalayuca Copper project in Northern Chihuahua state, Mexico. The drilling program was conducted in three phases, beginning in August 2017 and ending in November 2018. Sixty-two drill holes totalling 6700 meters tested a 5-kilometer long mineralized zone covering approximately two thirds of the length of the property. A total of 2,990 core samples were taken. Fifty-seven of the 62 holes had sections with copper grades greater than 0.1% copper, with some sections as high as 0.95%, and estimated true mineralization widths up to 36 meters…

Millrock Announces Drilling Results From La Navidad Gold Project, Sonora State, Mexico And Corporate Developments

Millrock President & CEO Gregory Beischer stated “Millrock thanks Centerra for the investment they made in advancing these projects. While Centerra has elected to leave, we strongly believe the projects have excellent technical merit. We think they will be attractive to mid-tier or smaller mining companies. Our intention is to seek out new funding partners, but at the same time we will have to balance the cost to hold to La Navidad and El Picacho concessions in the face of Millrock’s currently limited cash position.”

Aura Announces Agreement on its East Taviche Project

Aura Resources Inc. announces that it has entered into a definitive agreement with Minaurum Gold Inc. and its Mexican subsidiary whereby Minaurum will acquire an interest in the Company’s East Taviche property located in Oaxaca, Mexico. In accordance with the terms of the agreement, Minaurum will acquire an initial 80% interest in the East Taviche project…

Great Panther Silver Increases Mineral Resource at Topia Mine

We are very pleased to announce a 28% increase in the Measured and Indicated Mineral Resources at the Topia Mine to nearly 15 million silver equivalent ounces,” stated James Bannantine, President & CEO. “The Company was able to increase the resources even after mine depletion over the past four years. This update provides for a long mine life at Topia and supports the planned increase in processing capacity which is expected to increase 2019 production by approximately 25%. In addition, the conversion of Inferred Resources and further exploration potential provide a good opportunity to further extend mine life.

Silver One Satisfies Third Option Payment For Its Candelaria Silver Mine Project, Nevada and Announces Drill Program at Peñasco Quemado Project, Mexico

Silver One announces that it will be initiating a drill program at its 100% owned Peñasco Quemado project located in Sonora, Mexico. The proposed program, scheduled to begin by mid-February 2019, will consist of approximately 1000 metres of diamond drilling to test selected targets within strong zinc-lead and other metal geochemical and coincidental geophysical anomalies previously identified.

Garibaldi Will Miss A True Leader

Garibaldi Resources Corp. management is deeply sorrowed to inform shareholders of the sudden passing of Everett Makela, P.Geo., Director and VP Exploration-Canada, on January 24, 2019.

Camrova Resources Announces $250,000 Private Placement

The proceeds of the Offering will be used to pay for the costs associated with proceeding to completion of the proposed asset acquisition transaction with Armex Mining Corp. including due diligence costs, audit fees, legal fees and costs of preparing the necessary documentation for the Armex Transaction and for general corporate purposes. The Offering is intended to be completed independently from the Armex Transaction and the funds raised in connection with the Offering will be made available for Camrova’s use immediately upon closing.

Metalla Reports Financial Results for the Second Quarter of Fiscal 2019

“In the second quarter Metalla has continued to execute on its strategy of acquiring royalties on properties with world-class operators,” commented Brett Heath , President, and CEO of Metalla. “We are pleased to have completed the acquisition of a 2% NSR royalty on Agnico Eagle’s Santa Gertrudis Mine along with a 1.5% NSR royalty on Pan American Silver’s COSE Mine, which complements our portfolio of high-quality assets with strong counterparties.”

Premier Enters Into Credit Facility and Financing Package

Steve Filipovic, Chief Financial Officer, commented, ”With two new mining operations currently under construction, and an underground program planned for Cove during the second half of this year, this facility complements the Company’s strong balance sheet and positions Premier to execute its aggressive growth plan”.

Capstone Mining Files Technical Report for Cozamin

Capstone Mining Corp. has today filed on SEDAR a National Instrument 43-101 compliant technical report titled “NI 43-101 Technical Report on the Cozamin Mine, Zacatecas, Mexico” for the technical report announced December 10, 2018.

Endeavour Silver Provides 2019 Production and Cost Guidance, Production Forecast 4.4-5.2 Million Oz Silver and 46,200-52,200 Oz Gold, for 8.1-9.4 Million Oz Silver Equivalent

Bradford Cooke, Endeavour CEO, commented, “We expect to improve our operating performance this year, especially at Guanacevi where the development of two new high-grade orebodies should facilitate higher production and lower costs, and at El Compas, which should achieve commercial production this quarter. However, El Cubo production will scale back to about half that of 2018, in order to give our exploration group more time to explore for new resources.”

Technical Update: Exploration Strategies and New Silver Gold Targets of the Zacualpan Silver District

Fred Davidson, President & CEO, stated “We are encouraged that Dr. Oliver’s work has advanced our internal geological model and understanding of a potential larger bulk tonnage gold system within our 357km land package. We have large areas of excellent ground to explore and are in production on less than 2% of the land package. We look forward to exploration results that will come from the work recommended by Dr. Oliver.”

Municipio de Fresnillo realiza avalúos a mineras; prevé que pagarán más predial

Monreal Ávila informó que el año pasado las mineras pagaron 12 millones de pesos del predial, entre ellas Saucito del Poleo y PLC, pero se prevé que este año la recaudación sea mayor porque dichos corporativos han crecido en infraestructura. “Es irresponsable manejar una cantidad, pero creo que se va a incrementar, va a aumentar”.

Laboran los 440 mineros despedidos mientras pactan finiquitos

A más de un mes del anuncio sobre el despido de 240 empleados de la mina El Cubo y otros 200 de la mina de Cata, Rayas y el Rosario, el secretario general de la Sección 142 del Sindicato de Mineros, Juan Enrique Vargas, continúa en la Ciudad de México negociando que las personas que fueron despedidas obtengan liquidaciones superiores a las que marca la ley.

Fresnillo Plc – Production Report for the three months and full year ended 31 December 2018

Octavio Alvídrez, Chief Executive Officer, said: “Record annual silver production and a very strong gold performance does not mask what was a challenging year for Fresnillo. Gold production surpassed the expectations we had at the beginning of the year and is in line with our upwardly revised guidance, driven by a strong performance at Saucito, the successful start of operations of the Pyrites Plant at Saucito and the higher ore grade at the Fresnillo mine.

Boytec Sondajes de México is a member of Christensen Boyles Corporation, with over 100 years in the drilling business. The company has over 27 years of experience operating in Mexico and has 32 drills ranging from small heli-portable/man-portable Hydracore rigs to large Schramm T685WS rigs for deep water well and RC drilling. Boytec is expert in specialty drilling and can effectively fulfill any drilling requirements.
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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