Month: May 2019

Goldplay Announces its 2019 Drilling Program at its San Marcial Project in Sinaloa, Mexico

Goldplay President and CEO Marcio Fonseca commented, ‘Goldplay’s strategy for San Marcial is to achieve a material increase in the high-grade resources by drilling the new targets in the vicinity of the current resource over the next six months. The Company has built a robust and attractive high-grade silver, potentially open pit, project and the recent discovery of Au targets has transformed the San Marcial Project into a multi-commodity resource-development stage project. Our successful exploration program has enabled Goldplay to discover eight targets in a short period of time, making the San Marcial Project one of the most attractive projects in the Rosario Mining District.’

Riverside Signs US$2,000,000 Strategic Funding Agreement with BHP in Sonora, Mexico

Riverside’s President and CEO, John-Mark Staude, stated: ‘We are delighted to combine the financing support of a major world copper leader with our in-country Mexico expertise to pursue exploration activities and advance promising projects. The two-year Program helps Riverside expand our copper exposure, while still conserving capital for our other self-funded initiatives.’

Alacrán Project Ownership Consolidation

Commenting on Azure’s full ownership and control of the Alacrán Project, Azure’s Managing Director, Mr. Tony Rovira, said: ‘Azure is very pleased to have reached this agreement with Teck. We welcome them as a substantial shareholder of the Company and we look forward to further progressing the Alacrán Project for the benefit of both our companies and all shareholders.’

Avino Mourns the Passing of Long-Time Director Michael Baybak

‘Michael could always be counted on to bring a positive outlook even during challenging times. His steadfast optimism and jovial demeanor were contagious and I’m grateful for the mentorship that he bestowed upon me over the years. He will be dearly missed,’ David Wolfin – President & CEO, Avino Silver & Gold Mines Ltd.

Great Panther Reports First Quarter 2019 Financial Results

“Great Panther completed a key strategic milestone in the first quarter of 2019 by closing the acquisition of Beadell Resources and its 100% owned Tucano Mine in Brazil. The acquisition of the Tucano Mine transforms Great Panther into a 200,000 gold equivalent ounce per year intermediate precious metals producer with diversified operations in leading Latin American jurisdictions,” stated James Bannantine, President and CEO. “The transaction, which closed on March 5th and contributed to Great Panther’s results from that date, added modestly to first quarter results.”

Fresnillo plc implementa logística contra robo

Por lo común, estos controles incluyen: el uso de tecnología de rastreo en tiempo real; cámaras de vigilancia; pruebas para identificar alteraciones en el material transportado; servicios de vigilancia; retenes en un “corredor seguro” y un número reducido de paradas autorizadas para optimizar los tiempos de entrega y minimizar la exposición de los convoys.

Sable Resources Ltd. Announces Closing of Private Placement

Sable Resources Ltd. is pleased to announce that it has closed the first tranche of a non-brokered private placement pursuant to which it has issued 5,753,333 units at a price of $0.15 per Unit to raise aggregate gross proceeds of approximately $863,000. Each Unit consists of one common share of the Company and one-half of one share purchase warrant. Each Warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $0.25 until the date which is two years from the closing date of the Offering.

SilverCrest Files Mineral Resource Technical Report on the Las Chispas Property

SilverCrest Metals Inc. is pleased to announce the filing of a technical report titled, “Technical Report and Mineral Resource Estimate for the Las Chispas Property, Sonora, Mexico” with an effective date of February 8, 2019. The Las Chispas Report was independently completed for the Company by Tetra Tech Canada Inc., in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. There are no material differences in the Mineral Resources disclosed in the Las Chispas Report and disclosed in the March 14, 2019 news release.

Goldgroup Announces Arbitration Confirmation

Keith Piggott commented: ‘We are extremely pleased that the arbitration award has finally been confirmed. We have waited a long time, however, now have a clear definition and legal direction confirmed by the court to pursue the recovery of Goldgroup’s interest in DynaResource de Mexico, S.A. de C.V.’

Fortuna reports consolidated financial results for first quarter 2019

Jorge A. Ganoza, President and CEO, commented, “Production and cash costs at our Caylloma and San Jose mines for the first quarter underpin a solid start for the year with EBITDA margins of 40 percent. Our cash flow generation objectives remain on track to continue contributing to the funding of our Lindero gold project in Argentina.” Mr. Ganoza continued, “As of the end of April, Lindero construction progress is at 47 percent completion, with 97 percent of the direct capital expenditures committed, and 61 percent of the total projected capital spent.” Mr. Ganoza added, “With mine preparation set to be concluded in May and construction of the crushing and leach pad facilities advancing according to schedule, we plan to initiate placing ore on the leach pad early in Q4 2019.”

GoGold Drills 21.2m Averaging 24.60 g/t Gold Equivalent Including 6.9m at 71.54 g/t Gold Equivalent at the Recently Acquired Los Ricos

‘We continue to see high grade ore from our drilling program which is near surface. Our diamond drilling holes which are twinning historical RC holes continue to provide much higher grades than the historical results, with hole 9 showing gold equivalent grades 70% higher than the historical results. These results, coupled with the strong assay results that the historical 6,000 channel samples are showing as our exploration team works through the data, are showing a very promising project at Los Ricos.’ stated Brad Langille, President and CEO.

Ridgestone Appoints Mr. Benjamin Asuncion To The Board Of Directors

Erwin Wong, Ridgestone’s Board Director and Chief Financial Officer, commented: “We are excited and fortunate to welcome Ben to our Board of Directors. His wealth of capital markets experience in the mining sector on the research, valuation, and investment side significantly complements the skill set of our existing board members. We look forward to his valuable input and advice in the exciting development of our Rebeico gold-copper project in Mexico.”

Alien Metals Ltd. – Brokered Placing and Grant of Share Options

Alien Metals Ltd, the AIM quoted exploration and development company, is pleased to announce that it has raised £300,000, before expenses, through the placing of 200 million Common shares or no par value at a price of 0.15 pence each through its broker First Equity Limited. The proceeds of the Placing will be used for further exploration work at Donovan 2 as detailed below and general working capital purposes.

Orla Mining Announces Early Warrant Exercise Incentive Program to Raise up to $4.2 Million

Orla intends to use the proceeds from this program to complete the feasibility study on the Camino Rojo Oxide Project, continue regional exploration efforts and to allow flexibility on the timing of ordering certain long-lead items once a construction decision has been determined for the Camino Rojo Oxide Project. The Incentive Program is intended to provide a cost-effective source of financing for Orla.

Sierra Metals Reports Consolidated Financial Results for the First Quarter of 2019

Igor Gonzales, President, and CEO of Sierra Metals stated: “The first quarter has presented us with several challenges including an illegal strike at Yauricocha, as well as slower than expected ramp up of throughput at Bolivar and Cusi with lower head grades and recoveries. I want to assure shareholders that management remains focused on the expansions in Mexico and improving tonnage, head grades, and recovery rates which in turn will help to lower costs. Also, as noted above, it still bears mentioning that in Q1 2019 Yauricocha saw an increase in zinc equivalent metal production, Cusi had record throughput and Bolivar had a 1% increase in throughput over Q1 2018. Subsequent to Q1 2019, throughput rates continue to improve.”

Americas Silver Corporation Reports First Quarter 2019 Financial Results

“The San Rafael mine had a record quarter due to improved recovery, higher mill throughput, and increased grades, with substantial increases in silver and by-product production,” said Darren Blasutti, President & CEO of Americas Silver. “Earnings are expected to improve in the second half of the year with the remaining costs for the Pershing acquisition and Sandstorm financing to be captured in the second quarter. Development of Relief Canyon is beginning as expected with construction activities ramping up on schedule.”

Vangold Mining Corp. Closes 2nd Tranche of Working Capital Private Placement

Vangold Mining Corp announces that, further to its news release of March 28, 2019, the Company has closed the second tranche of the private placement announced on March 13, 2019 for gross proceeds of $247,975.00, consisting of 4,959,500 units at a price of $0.05 per unit as detailed below. A finder’s fee of $14,248 cash and 284,950 warrants was paid.

Goldplay Exploration: Jonathan Rubenstein and Derek White Appointed to Advisory Board

Goldplay Exploration Ltd. is pleased to announce the appointment of two highly regarded mining executives, Jonathan Rubenstein and Derek White, to the Company’s Advisory Board. The Company’s Advisory Board was created to bring in members with experience in business development, equity markets and the natural resource sector to advise the Company’s management and Board of Directors.

MAG Silver Reports First Quarter Financial Results

“It has been a landmark start to the year for MAG” commented George Paspalas, President and CEO. “The joint formal approval of the Juanicipio project is the culmination of what we as partners with Fresnillo have been working for some time now, and provides surety for our shareholders about our pathway to becoming a producer. I continue to emphasize however, that the exploration potential of the joint venture property remains very prospective, and the discovery of the NE oriented Venadas vein is the start of what we believe to be the next exciting opportunity to be unlocked at this remarkable property.”

Mexus pays off debt and updates its shareholders on progress at the Santa Elena mine

Mexus Gold US announced that on May 9th it paid off a note payable of $111,563 which was due on May 14th. In addition, the company announced that it is currently looking to hire two chemists and a geologist to assist Mexus associate Cesar Lemas at the Santa Elena mine. Mexus believes it has found a lead chemist and hopes to complete the hiring process this week. The additional staff is needed as the amount of assaying and general mine work is increasing weekly. Mexus expects the blast hole drilling occurring on the Julio vein to be completed by May 17th with the permitted blasting company to arrive shortly thereafter.

Sable Resources’ Agreement for Margarita Project Accepted by TSX For Filing

Sable Resources is pleased to announce that the TSX Venture Exchange has accepted for filing documentation pertaining an agreement dated May 30th 2017, between Sable Resources Ltd. and Minas Guilloyna/Cia Minera la Perla, whereby the company can earn 100% right, title and interest in the Margarita Project located in Chihuahua State, Mexico.

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