Month: April 2019

Aloro Submits New Enviromental Permit for Drilling

Thomas A. Doyle, President, CEO, stated, I am very pleased that Aloro’s Environmental Consultant and her team were able to prepare and submit the new permit in relatively short period once we received the new Ejido agreement. I look forward to get the drill rig back on the property and follow up on what we have discovered in LVRC 12 in the south east portion of the property.

Americas Silver and Pershing Gold Announce Completion of CFIUS Review and Expected Closing of Transaction

Americas Silver Corporation and Pershing Gold Corporation are pleased to announce that the Committee on Foreign Investment in the United States (CFIUS) has completed its review of the companies’ previously announced business combination transaction and that CFIUS has determined that there are no unresolved national security concerns with respect to the Transaction. Americas Silver and Pershing Gold expect to complete their business combination transaction on or about April 3, 2019, subject to customary closing matters.

Premiere Gold to Divest Non-Core Assets

A total of four transactions have resulted in eight properties and one subsidiary being sold and/or optioned for total consideration of US$2.1 million. The related properties include the Geisler Property, located in the Red Lake district of Ontario, the Faymar Property in Timmins, Ontario and the Santa Teresa Property, located in Baja, Mexico. The Company also entered into an option agreement for the sale of Goldstone Resources Limited, the subsidiary that holds the historic Northern Empire, Leitch and Sand River Mines, as well as other exploration-staged projects in the Beardmore, Ontario region.

Westminster Resources Ltd. Announces Private Placement Update

Westminster Resources Ltd. announces that further to its news release dated February 15, 2019, the Company’s proposed private placement (the “Offering”) is continuing and an extension of 30 days to close the Offering has been granted by the TSX Venture Exchange.

Historic Leachox Testing Shows Recoveries up to 65% Gold and 81% Silver Possible at Campo Morado

The Leachox precious metal recovery testing conducted byMaelgwyn demonstrates that significant increases up to 65% gold and 81% silver are possible at Campo Morado, states Antonio Berlanga, Telsons CEO. Should additional planned Leachox testing of optimization work to confirm recoveries, ultimate best grind size and reagent additions show a path forward to a commercial installation of this technology, we could improve recoveries from current levels of gold at 15-20% and silver 30-40%, which would significantly increase the mines profitability by increasing the ounces of gold and silver produced at Campo Morado.

Alamos Gold Announces Sale of Portfolio of Non-Core Royalties

The portfolio of 18 royalties being sold are all on assets not owned by Alamos. This includes a 2% NSR royalty on the El Realito property, adjacent to the La India mine in Sonora, Mexico and a 1.5% NSR royalty on the Wasamac project, and 1.0% NSR royalty on the Beaufor Mine, both located in Quebec, Canada. The majority of the remaining royalties being sold are on exploration stage properties.

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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.