Month: February 2019

Aloro Provides 2018 Drill Plan Map for Los Venados

Further to the Company’s news release dated February 5, 2018, Aloro would like to inform shareholders and other interested parties that a drill plan map for the recently completed Phase I Los Venados drill program, including drill road location, mapped geology and alteration zones, has been added to the Company’s website.

Sable Resources Provides Mexico Exploration Update

We are excited to be moving to the next stage at Margarita. commented Tom Obradovich, President & CEO of Sable Resources. Following our highly successful first round of drilling where we were able to identify thick high-grade silver intercepts, this next round is designed to extend along strike continuity and test the other veins parallel to Margarita. Early indications are excellent with hole M-DDH-19-14 already showing a vein intercept of 12.4m.

Aloro Provides Update on Drilling at Los Venados and Planning Follow Up Drill Program

Technical advisor Ken Balleweg, P. Geo, who managed the discovery and ore control of the high-grade Escondida zone states: “The style of mineralization in LVRC012, particularly the coarse vuggy nature with crystalline quartz, octahedral pyrite, and tetrahedrite, strongly resembles that of the Escondida high-grade deposit, which was distinctly different from the main Mulatos style of mineralization. As this style of mineralization is unique and was both within and proximal to the high-grade deposit, the intercept of similar alteration in a previously undrilled area is significant and warrants additional step-out holes.”

YMP Announces Andree St-Germain & Jose Vizquerra as the 2018 Eira Thomas & Peter Munk Awards Winners

The YMP Awards, presented in association with The Northern Miner, to recognize two young mining professionals, a female and a male, who over the past year, and during their careers, have demonstrated exceptional leadership skills and innovative thinking to provide value for their companies and shareholders, as well as for themselves. The YMP Awards are named after two iconic entrepreneurs in the mining industry, Eira Thomas and the late Peter Munk.

U. S. Antimony Reports Progress at All Operations

CEO John Lawrence said, “The equipment from Reynosa was a major bonus for all operations and will increase capacity while lowering costs. The resumption of production from our North American supplier from an average of 57,002 pounds of antimony per month during 2018 to 128,013 during January 2019 is a major boost in antimony production as well as gold and silver. The testing of the Los Juarez caustic leach of flotation concentrates has been finished with excellent recoveries of gold and silver, and the construction of the cyanide leach circuit at Puerto Blanco is proceeding on schedule. The inventory of 348,985 pounds of contained antimony at the end of January is very large and should provide substantial cash flow once processed.”

Premier Announces Closing of Credit Facility and Financing Package

Premier Gold Mines Limited is pleased to announce the closing of the previously announced US$50 million secured revolving term credit facility with Investec Bank plc as administrative agent for the lenders thereunder and the previously announced financing arrangements with OMF Fund II SO Ltd. and Orion Mine Finance Fund II LP for aggregate gross proceeds of approximately US$18.3 million.

Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.