Month: May 2019

Prize Mining Closes First Tranche of Private Placement

PRIZE MINING CORPORATION is pleased to announce that, further to its news release of May 1, 2019, it has closed the first tranche of a non-brokered private placement of 25,200,000 common shares at a price of $0.025 per Share for gross proceeds of $630,000.

IMPACT Silver Announces Q1 2019 Financial and Production Results

Fred Davidson, President & CEO of IMPACT, stated, “In Q1 2019, silver prices continued to be challenging with prices below $16 USD/ounce. In reaction to these persistent low metal prices, IMPACT has reduced tonnage and focused on higher grades which resulted in a 16% reduction in cost and a 23% decline in revenue during the quarter. Going forward given the current silver price environment, we aim to break even on existing production levels while metal prices remain depressed and explore selective high-grade targets which IMPACT may fast track to higher grade production.”

Minera Alamos Strengthens Mine Operations Team in Advance of Construction Decision at Santana Gold Project

Minera Alamos Inc. is pleased to announce the appointment of Carolina Salas as Vice President – Technical Services. Ms. Salas, who has worked with the Company’s senior management group at previous Mexican gold operations, will oversee final preparations related to the construction of commercial scale gold production facilities at the Santana Project in Sonora. Her addition will add further project development and operations expertise to an already strong in-country team with a proven track record successfully developing low capex gold projects.

Ethos Trenches 0.47g/t Au Over 127m Including 1.11g/t Au Over 40m at its La Purisima Gold Project, Chihuahua, Mexico

Commented Craig Roberts, P.Eng., President and CEO of Ethos: ‘We are very encouraged by the trench results that show dissemination of gold mineralization over significant intervals outside of the primary veins in the Purisima Vein Zone, and also by the new high-grade intervals identified in the Stockwork Zone. We will use these results to plan our fully permitted maiden drill program of approximately 15 RC holes which we intend to commence shortly.’

High Grade Silver and Additional Gold Results in Surface Channel Sampling Suggests Potential for SE Extension to the San Marcial Resource

Goldplay President and CEO Marcio Fonseca commented, ‘We are extremely pleased by the channel sample results from trench SMtr-022 as they indicate the potential for expanding the resource into the Guacamayo target to the SE of the San Marcial NI 43-101 silver resource area. Wide mineralization on surface, including high grade silver up to 1m at 974 g/t Ag, provides further encouragement for potentially expand the resource. ‘

Endeavour Silver Reports High-Grade Silver-Gold Drill Intersections From 2019 Exploration Program at the Bolanitos Mine, Guanajuato, Mexico

Bradford Cooke, Endeavour Director and CEO, commented, ‘We continue to be encouraged by our positive exploration results at Bolanitos. Recent drilling has extended high grade silver-gold mineralizaiton in both the Plateros and San Miguel veins, which should help to replace reserves, increase resources and extend the mine life at Bolanitos.’

Impact Silver Commences Dense Media Separation Engineering Study at Capire

IMPACT Silver Corp. is pleased to announce commissioning of an engineering study to test the viability of Dense Media Separation (DMS) processing at its 100% owned Capire Production Centre located in the Mamatla district, Mexico. The Capire Production Centre is currently on standby and positive results from these DMS tests and other optimization studies may lead to a new operating plan toward placing Capire into production.

Silver One Provides Update on Metallurgical Testing at Its Candelaria Mine Project, Nevada and Completion of Drilling Program at Peñasco Quemado, Sonora, Mexico

Greg Crowe President and CEO further commented; “The drilling at Peñasco Quemado illustrates that the mineralized silver-manganese system extends beyond the area of the historic resource. Also, low to moderate zinc and lead values were encountered in drill holes to the southeast of the historic drill area. However, the limited drill program was not sufficient to fully test all anomalous areas.”

Destaca El Mineral en ocupación de empleo

José Manuel Escamilla Jaime, director de Desarrollo Económico del gobierno municipal, destacó que en Fresnillo actualmente existen 77 mil 264 empleos formales, es decir, se tiene una tasa de desempleo de 3.2 por ciento, muy por debajo de la media nacional que es de 4.1 por ciento, a pesar de que la economía ha decrecido a nivel federal.

Mexus hires experienced chemical engineer for its Santa Elena mine

Mexus Gold US is pleased to announce that the company has hired a highly recommended and qualified chemical engineer for its Santa Elena mine. Mr. Roberto Baltierrez Hernandez, who specializes in metallurgical processes and gold extraction methods, will oversee all aspects of the gold recovery systems at the mine.

Bacanora Lithium plc – Proposed Strategic Investment by Ganfeng Lithium

Peter Secker, CEO, of Bacanora Lithium, commented: ‘The proposed Strategic Investment from Ganfeng, a top three lithium producer, will be a major milestone in the development of the Sonora Project. Not only will it provide industry validation of Sonora’s clear potential to become a key supplier of battery grade lithium but, subject to Ganfeng exercising its option to increase its interest in the Sonora Project to 50%, our share of the capital costs required to construct an initial 17,500 tpa Li2CO3 operation at Sonora would be halved. ‘

Alarman suicidios de mineros

Luego de que en este año se presentarán tres suicidios de empleados de las empresas Obras Mineras y Tiros del Centro, que son subcontratistas de la compañía minera Fresnillo PLC, se pretende brindar apoyo psicológico a los trabajadores.

DynaResource, Inc. and DynaResource de México, S.A. de C.V. Issue News Release in Response to News Release Issued by Goldgroup Mining Inc. (GGA.TO)

On May 9, 2019, the United States district court for the district of Colorado confirmed the August 2016 Arbitration award against DynaResource, Inc. and DynaResource de Mexico, S.A. de C.V. The district court’s decision overruled the thoughtful and well-reasoned formal Recommendation of United States Magistrate Judge Kathleen M. Tafoya, which was previously issued on February 13, 2018….DynaUSA and DynaMéxico intend to appeal the district court’s May 9, 2019 decision.

Premian a empresas mineras por su responsabilidad social

Más del 60 por ciento de las empresas de la Cámara Minera de México (CAMIMEX) fueron galardonadas como Empresa Socialmente Responsable (ESR) al mejorar el entorno social donde se desarrollan e impulsar la eficiencia de negocio.

Reconocen a Fresnillo PLC

Fresnillo plc fue acreedora, por onceava ocasión, al reconocimiento entregado por el Centro Mexicano para la Filantropía, A.C. (Cemefi), reconociendo su compromiso y consistencia con las mejores prácticas corporativas nacionales e internacionales en materia de Responsabilidad Social.

Starcore International Mines – 4th Quarter Production Results

“The production has achieved a sustainable rate in the last quarter” stated Robert Eadie, CEO. “Our next challenge is to raise the production by achieving higher gold and silver grades through an intensive exploration program that we are currently carrying out.”

Silver Spruce Receives Additional $200,000 Cash Payment from Croesus Gold (Arizona Mining) On Sale of Kay Mine

“Although we believe the Kay Mine project has good potential, its sale to Croesus has allowed us to significantly reduce our debt and focus on drilling our flagship Pino de Plata project near Coeur Mining’s Palmarejo Mine, in western Chihuahua State, Mexico,” stated Karl Boltz, President & CEO of Silver Spruce. “Drilling at Pino de Plata is scheduled to begin next week.”

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