Month: March 2019

Consolidated Zinc Ltd. – Land Use Agreement Update

The Company advises that a local rancher with which CZL has a Land Use Agreement commenced legal proceedings against the Company’s Mexican subsidiary that owns the Plomosas Mine, Minera Latin American Zinc S.A.P.I. de C.V. and Retec Guaru SA de CV to terminate the Agreement. The rancher has claimed MLAZ failed to provide notification of assignment the Agreement transferring from Retec to MLAZ and for failure to pay the land use rental charges.

VVC Reports Large Expansion of Estimated Copper Resource

I am particularly pleased for VVC to be able to share this Resource Estimate with investors. The 2019 Resource Estimate highlights the continued progress of the Company toward the stated goal of Pilot Mining. There are numerous additional steps necessary before pilot mining can occur to be covered in future news release, but this Resource Estimate, more than any other communication by the Company, will provide shareholders with an understanding of the significant potential of the Samalayuca Copper Property,VVC Chairman, Terrence Martell.

Gold Resource Corporation Mirador Mine Development Crosscuts 6 Meters of 992 Grams Per Tonne Silver

“We are very excited to have a second access at the Mirador and that mine development finally intercepted this wide, high-grade vein,” stated Mr. Jason Reid, President and CEO of Gold Resource . “To cut a face with ruby silver grading close to a kilo over six meters is exciting. Feeding that ore now to the mill is even better. A small portion of our Oaxaca Mining Unit’s 2019 silver production is targeted from the Mirador Mine; however, if these grades and vein widths remain for an extended period of time, the Mirador Mine could play a larger role in our 2019 production results.”

IMPACT Silver Announces Concentrate Sales Partnership with Samsung C&T Corp.

Fred Davidson, President & CEO of IMPACT stated, “We look forward to commencing a solid relationship with Samsung, one of the most recognizable brands in the electronics and consumer products world, and providing ethically sourced silver-lead-zinc concentrate which will go into the hands of millions of customers and end-products around the globe.”

Riverside Stakes New Concession In Sonora And Samples High-Grade Gold

Riverside’s President and CEO, John-Mark Staude, stated: The Sandy Project was a project the Company staked over a prospective area known to us from our past work in Sonora. We are pleased with the results from our first pass on the Sandy Project. Gold appears associated with large structures, intrusions and is an exciting potential step in the geologic deposit modeling for Sonora. We plan to follow up these positive results with some mapping and more sampling in 2019.

Excellon Reports 2018 Annual and Fourth Quarter Financial Results

“We made good operational improvements at Platosa during 2018, though lower metal prices and higher electricity prices during the second half of the year were a significant headwind on the business,” stated Brendan Cahill, President and CEO. “During 2019, we intend to continue increasing productivity and focusing on cost reduction by accessing lower electricity rates through the private market and improving our milling operation. During Q4, electricity accounted for 38% of our operating cost – lowering this input is an important opportunity. In this metal price and cost environment, we simply must do better.”

Kootenay Announces High-Grade Sampling Results in New Zone at Mecatona Property, Parral Silver Mining District, Mexico

Reconnaissance exploration recently completed at the Mecatona Property was successful in the discovery of a previously unknown silver, copper, gold zone hosted in pervasive skarn-altered Lower Cretaceous turbidites of the Mezcalera Group. Silver, copper, gold and anomalous cobalt mineralization is distributed in a 200 by 400 meter zone with apparent uniformity. Highlights of the program include 51 samples (29 chips averaging 1 meter in length, 17 grabs and 5 dump) taken across the new zone returning silver values averaging 110 gpt with a high of 486 gpt silver. Additional highlights of all samples taken within the mineralized zone include 12 of 51 samples grading > 100 gpt silver with 86% returning values greater than 20 gpt silver.

Silver Spruce Mobilizes Field Crews to Refine Drill Targets and Prepare for Maiden Drill Program at Pino de Plata

We are enthusiastic to have Craig leading the geologic team at Pino de Plata, stated Karl Boltz, CEO of Silver Spruce. He is a top-notch geologist and has extensive experience running successful exploration programs in remote locations. Dr. Gibson will be on site to determine the best drill collar locations and orientations for the upcoming drill program to maximize the potential success of the program. This is an important and low cost step to prudently prepare for the expensive drilling activities, slated to commence later this spring.

Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.

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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.