Month: June 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.’

Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.

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