Day: May 1, 2019

Radius Gold up 139% on Mexico drilling news

Wednesday’s news release contains details of the first results from the second round of diamond drilling. The company said the first hole of 2019 – AMDD19-010 – intersected 22 metres grading 12.38 g/t gold and 309.3 g/t silver, including an 11-metre section that averaged 39.9 g/t gold and 323 g/t silver. The estimated true width of the mineralized zone is 34 metres.

Leagold Refinances with New Long-term Debt and Announces Fully-funded Growth Plans

Neil Woodyer, CEO, stated “We are very pleased to announce this underwritten commitment to restructure our debt and fund our growth, which quickly follows the completion of the Los Filos expansion feasibility study on March 12. We appreciate the strong support from our current lenders and newly formed underwriting syndicate and believe the combination of a 5.5-year amortizing Term Loan and a 5.5-year bullet RCF will provide a strong, cost-effective and flexible structure to finance our growth.

Alamos Reports First Quarter 2019 Results

“Alamos had a solid start to 2019, with strong performances at each operation. This included another record quarter of production from Island Gold, achieving budgeted mining rates at Young-Davidson, producing our two millionth ounce of gold at Mulatos and reducing consolidated cash costs by seven percent compared to a year ago. With the strong first quarter performance, we remain on track to achieve full year production and cost guidance,” said John A. McCluskey, President and Chief Executive Officer.

Argonaut Gold Announces First Quarter 2019 Operating and Financial Results

Pete Dougherty, President and CEO stated: “We challenged ourselves to grow our production approximately 65% from 2017 to 2019. With a second consecutive quarter of record production above 50,000 GEOs, we are well on our way to achieving this goal with an annualized production profile of over 200,000 GEOs per annum. Along with our production growth, we added $11.7 million in net cash1 during the quarter. After record quarterly production, we remain on track to achieve our 2019 production and cost guidance. We also continue to de-risk our development projects with the completion of a public information meeting at San Antonio and the receipt of approvals for the Environmental Assessment from both the Federal and Provincial authorities and the signing of a Community Agreement with the Batchewana First Nation at Magino.”

Alien Metals – Total Voting Rights

Alien Metals Ltd, the AIM quoted exploration and development company, announces that the 202,247,000 new common shares of no par value issued pursuant to the conversion of loan announced on 10 April 2019 will be admitted to trading on AIM on 8th May 2019.

Prize Mining Announces Private Placement to Existing Shareholders and Other Investors

PRIZE MINING CORPORATION announces that it intends to raise up to $1,500,000 by way of a non- brokered private placement of up to 60,000,000 common shares at a price of $0.025 per Share. The Offering will be made pursuant to a discretionary waiver of the $0.05 minimum pricing requirement granted by the TSX Venture Exchange. Subject to certain limitations discussed below, the Offering is open to all existing shareholders of the Company as well as pursuant to other available prospectus exemptions. The Offering is subject to Exchange final acceptance.

Kootenay Provides Update on Upcoming Drill Program at Columba Silver Project, Mexico

The access road is presently being built for Kootenay to carry out the first modern drill program at the Columba high grade silver project. The Company has received necessary government permits and is in the process of reviewing tenders from drilling companies before awarding the contract for the upcoming drill program at Columba. Kootenay anticipates drilling to begin within the first part of May 2019.

South32 Maintains Option On The Sierra Mojada Project

Silver Bull Resources, Inc. is pleased to announce it has received notice from South32 that it wishes to maintain its option on the Sierra Mojada Project by funding an additional US$3 million in exploration. This will result in aggregate funding of US$6 million at the completion of the second year of the joint venture option described below.

Gigante de mineral de hierro anticipa desplome de inventarios

Las existencias de mineral de hierro en los puertos de China, un indicador clave de la cadena de suministros mundial a medida que el mercado se contrae, podrían llegar a caer hasta los 100 millones de toneladas, según la responsable de la australiana Fortescue Metals Group Ltd., quien pronosticó que la vasta industria siderúrgica de China podría aumentar la producción hasta un 4 por ciento este año.

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.