Month: May 2019

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.

Premier Reports Q1 2019 Production Results

“Our objective at Mercedes during the first quarter was to drive development work necessary to support planned production growth for the remainder of the year” stated John Begeman, Executive Chairman of Premier. “First quarter production at Mercedes is in line with plan, and we are currently on track to meet annual operating and production related targets”.

Camrova Resources Inc. Announces Binding Asset Purchase Agreement for the Assignment of Chilean Slag Contract

Camrova Resources Inc. is pleased to announce that the Company has finalized the terms of an asset purchase agreement with Asesoria y Inversiones MAYG SpA to acquire all of the rights and obligations arising from the Slag Agreement. The Company has also completed its third tranche of the Private Placement (as defined herein), raising total proceeds of $73,000. These funds will be used to pay the costs associated with the Asset Purchase Agreement as well as to support general corporate and working capital purposes.

Radius Gold intercepts 44 meters grading 12.38 g/t Au and 309.3 g/t Ag at Amalia Project, Mexico

Radius Gold Inc. is pleased to announce the first results from the second round of its diamond drill program at the Amalia Gold-Silver Project in Chihuahua, Mexico. The program is operated by Radius and funded by Pan American Silver under a joint venture agreement. The first hole of 2019, AMDD19-010, has intersected 44m grading 12.38 g/t Au and 309.3 g/t Ag including an 11m section grading 39.9 g/t Au and 323 g/t Ag. Estimated true width of the mineralized zone is 34m.

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