Month: June 2019

Canasil Signs Definitive Agreement Providing for Pan American to Acquire Canasil’s Interest in the Sandra-Escobar Project and Closes Transaction for CDN $2 Million and 2% NSR Interest

Canasil CEO, Bahman Yamini, commented: ‘We are pleased to have concluded the sale of Canasil’s interest in Sandra-Escobar to Pan American. This arrangement provides significant non-dilutive funding to maintain and advance our project portfolio, which includes drill ready high grade silver-gold-base metal projects in Mexico and prospective gold-copper exploration projects in British Columbia, Canada. In addition to the cash payment Canasil will retain exposure to the upside potential of the Sandra-Escobar project through the retained NSR Interest.’

Bacanora Lithium plc – Signing of Investment and Offtake Agreement with Ganfeng Lithium

Peter Secker, CEO, of Bacanora Lithium, commented: ‘The signature of these agreements with Ganfeng is another significant milestone in the development of the Sonora project. Ganfeng’s operational expertise and industrial credibility is a strong endorsement of the Sonora Project’s potential to break the lithium industry’s current supply duopoly of hard-rock and brine, and combine the speed of production of the first with the low operational cost per tonne of the second.’

Alien Metals – Brokered placing and appointment of Joint Broker

Peter Taylor, CEO of Alien, commented: “This modest round of strategic funding comes at a premium, underwrites ongoing exploration of the asset portfolio and opens new opportunities to consider complementary projects. I am pleased to welcome and secure the brokerage and research capabilities of SVS alongside those of First Equity.”

Almaden Announces Results of Annual General Meeting; Provides Update on Ixtaca Project

Duane Poliquin, Chairman of Almaden, stated ‘Over the past several years we have worked to build a project with a robust resource, a limited environmental footprint, and a solid base of local community support. We are optimistic that in the near future we will have a fully permitted project and access to the funding necessary to commence construction. Once in operation, Ixtaca will be a robust producer of over 170,000 ozs per year gold equivalent, or almost 13 million ozs per year silver equivalent, over an 11 year mine life. Our aim is that Ixtaca becomes another showcase of how modern mining can deliver positive results for shareholders as well as local communities and host governments. We look forward to working with all groups that share this vision over the coming months and years.’

Se agrava conflicto entre mineros

Gustavo Barrios Serrano, secretario del Trabajo del Sindicato Nacional Minero Metalúrgico (SNMM) Frente, junto a un grupo de mineros, se manifestaron a las afueras del Tiro General de la empresa minera Fresnillo PLC, con la finalidad de no permitir la reinstalación de Mario Márquez Jiménez a sus labores.

Silver Viper Renegotiates Rubi-Esperanza Option Agreement

Renegotiation of the Rubi-Esperanza agreement is part of an ongoing effort by Silver Viper to ensure that maximum expenditures are directed into exploration activities at La Virginia where initial work has provided highly encouraging early results.

SilverCrest Announces Decline Has Intersected Babicanora Vein, Confirms New Vein Discovery and Additional High-Grade In-Fill Drill Results:

N. Eric Fier, CPG, P.Eng, and CEO, remarked, ‘As we advance Las Chispas to complete a Feasibility Study, we are diligently working to finish our in-fill drilling program on the Babicanora veins to further de-risk and convert resources to reserves. The discovery of the Babi Vista Vein in the decline provides us with a new target immediately adjacent to already defined vein resources with established underground access. This target can potentially add high margin resources beyond what was included in the Preliminary Economic Assessment announced May 15, 2019.’

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