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.

Minera Alamos Receives Positive Change of Land Use Notice for its Permit Application at Santana Gold Project

‘The receipt of this notification represents another major milestone for the Company. Despite the anticipated delays related to the changes in the Mexican government in 2018, this notice was received approximately one year following our permitting application for commercial production at Santana’ stated Darren Koningen, CEO of Minera Alamos. ‘Our highly experienced Mexican technical team continues to demonstrate the ability to concurrently advance our full portfolio of late-stage gold development projects. Mexico remains one of the world’s premier mine development locations with respect to the timeframes required for permitting of new operations. We are excited to advance the Company’s Santana gold project which remains our top priority for construction consideration in 2019.’

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.’

Sable Resources Ltd. Announces Grant of Options

Sable Resources Ltd. announces that it has granted a total of 2,800,000 incentive stock options to certain officers, directors, employees and consultants of the Company pursuant to the Company’s Stock Option Plan. Such options are exercisable at a price of $0.15 for a period of five years.

Golden Minerals Enters Into Agreement for the Sale of Velardeña and Other Properties

Golden Minerals’ President and Chief Executive Officer, Warren Rehn, commented, ‘We are very pleased to announce this transaction, as its consummation will enable Golden Minerals to focus on moving our other existing projects forward, including the newly-acquired Sand Canyon gold-silver project in Nevada, the Yoquivo silver-gold project in Chihuahua State, Mexico, and the El Quevar silver project in Argentina.’

Alien Metals Exploration Update – Gold Found at Donovan 2

Peter Taylor CEO of Alien commented: ‘The presence of gold at Donovan 2 comes as no surprise given the Minera Frisco El Coronel gold mine is within ten kilometres of the project. With further exploration planned at Los Campos where the project adjoins Endeavour Silver’s El Compas gold mine and at San Celso, the subject of the company’s original AIM listing, Alien is delivering on its strategy of putting money into the ground and increasing confidence in the assets to potential joint venture partners.’

Minera Alamos Announces Definitive Agreements Executed For Assignment Of Guadalupe De Los Reyes Gold Project Option To ePower Metals

Minera Alamos Inc. is pleased to announced that it has entered into a definitive assignment and assumption agreement dated June 25th, 2019, with ePower Metals Inc., Vista Gold Corp., and the Mexican subsidiaries of each of ePower and the Company, pursuant to which the Company will assign the rights to an option to earn a 100% interest in the Guadalupe de los Reyes gold project in Sinaloa State, Mexico. Minera Alamos currently has the right to acquire a 100% interest in Guadalupe, pursuant to an option agreement entered into with Vista Gold. The Assignment Agreement replaces the previously announced binding letter of intent entered into between the Company and ePower effective April 22, 2019.

Aprueban cambio de domicilio fiscal para mineras

Por mayoría, diputados locales recomendaron a las 18 empresas mineras instaladas en la entidad que cambien sus domicilios fiscales a Zacatecas y destinen un porcentaje de sus cargos directivos a trabajadores y pobladores de la región donde operan.

Millrock To Sell Mexico Assets

Millrock President & CEO Gregory Beischer commented: ‘We are pleased to have sold these projects to Riverside. We are bringing greater focus back to Alaska, and Riverside should be able to make good use of the database we have transferred to them. Ultimately we feel confident that Riverside will be able to find funding partners for the projects. If exploration on those projects is successful, Millrock shareholders will benefit from the portfolio of retained royalty interests.’

Santacruz Silver Continues to Intersect High Grade Mineralization at Its Veta Grande Project in Zacatecas, Mexico

Carlos Silva, Chief Operating Officer of Santacruz, commented, ‘We are pleased with the progress of Phase 1 of the diamond drilling campaign. These drill results, in addition to those previously announced, confirm the continuation of the targeted mineralized veins along strike and at depth.’ Mr. Silva continued, ‘We have just started to realize the potential of this Zacatecas historical mining district where we control over 9,000 hectares covering a significant number of known veins and mineralized areas. Our plan is to build in Zacatecas a solid silver producing asset.’

Galore Resources Provides Update on Drilling at Its Dos Santos Project

Galore Resources Inc. is pleased to report that its 2,500- meter diamond core drilling program at Galore’s 100% owned El Alamo target and part of the larger Dos Santos project continues to progress well. Drill hole EA-001 was completed to a depth of 251m and EA-002 is underway. Senior geologists onsite are enthusiastic about what the drilling has encountered in the way of alteration and rock types. Logging of EA-001 has been completed and the core is currently being sawed and sampled for delivery to ALS Geochemistry laboratory in Zacatecas.

Prize Mining retains JDS Energy and Mining Ltd. for engineering and economic study of the Kena Gold Project

“Prize Mining has two highly prospective assets in great jurisdictions with the Kena Gold Project in British Columbia and the Manto Negro Copper Project in Mexico” said Michael McPhie, President and CEO of Prize. “We have an active exploration program underway in Mexico and, with the recent strength in the gold market and our exploration success over the past year, we are looking at opportunities to advance and create further value at Kena. With a 1.8 million ounce NI 43-101 indicated and inferred gold resource in a historical mining district of BC, our goal of this work is to better understand and evaluate the economic and development potential of this project.”

Alien Metals – Financial Results for the Year Ended 31 December 2018

The Company’s former Executive Chairman, Dennis Edmonds, set a strategy of reducing corporate overheads, value accretion of the Mexican asset portfolio and acquiring or entering into joint ventures for additional projects in Mexico or other jurisdictions with an established mining community, stable political background, and where we can be assured of strong operational control.

Riverside Acquires Sonoran Project Portfolio From Millrock Resources

Riverside’s President and CEO, John-Mark Staude, stated: ‘Riverside has followed some of these Projects for many years now. Acquiring these Projects in one cost-effective transaction is a very nice step for the Company to further expand on years of data compilation and previous work with additional exploration and joint-venture opportunities moving.’

Goldplay Press Release Correction

Goldplay Exploration Ltd. wishes to correct an error in its press release entitled “Goldplay Closes Over-Subscribed Private Placement” issued on June 24, 2019. The number of common shares issued in connection with the completion of the Company’s over-subscribed financing was 11,010,000 common shares, rather than 10,010,000 common shares referred to in the Company’s previous press release. The Company raised gross proceeds of $1,376,250. This correction does not change any other amounts or information reported in the June 24, 2019 press release.

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