Day: July 15, 2019

Sierra Metals Announces the Appointment of Koko Yamamoto to Its Board of Directors

J. Alberto Arias, Chairman of Sierra Metals, commented: ‘On behalf of the Board and Management, I would like to welcome Koko to the Sierra Metals Board of Directors. Koko’s experience in corporate accounting and reporting makes her a valuable addition as an independent director to our Board. We believe that Koko will help Sierra Metals execute on its considerable growth plans and strategic opportunities that it has available at all its properties.’

Silver Spruce Announces Advanced Gold Project Acquisition

Silver Spruce Resources Inc. is pleased to announce that it has signed a binding Letter of Agreement with Prospeccion y Desarrollo Minero del Norte, S.A. de C.V. to assume ProDeMin’s option agreement to acquire 100% of the Cocula project, an advanced gold project in the Ameca mining district of Jalisco State, Mexico. The project is located within a very active exploration and mining region with several nearby projects including Agnico Eagle’s El Barqueño exploration project and Endeavour Silver’s Terronera development project. The LOA awards a Right Of First Refusal with a six-month due diligence period to Silver Spruce.

Silver Spruce Provides Update on Pino de Plata

Investigations and due diligence immediately ensued by mining attorneys for the Mexican corporation. During that due diligence, it was noted that, upon the death of the original mining concession title owner, in May 2017, his widow legally inherited his estate, but has not yet received certification of her registration with the Registro Publico de Mineria (Public Mining Registry) establishing her rights as the 100% title owner of the claims.

Odyssey Marine Exploration Expands Mineral Portfolio

‘In my previous communications, I’ve discussed our new business model, which includes the development of multi-billion-dollar assets through the discovery and development of valuable seafloor mineral deposits while being responsible stewards of the environment,’ stated Mark Gordon, Odyssey Chairman and CEO. ‘This acquisition is an example of our successful execution of our business plan, and we are focused on adding other new subsea mineral deposits around the world to our expanding portfolio.’

Sierra Metals Reports Second Quarter 2019 Production Results Including Record Consolidated Quarterly Ore Throughput

Igor Gonzales, President and CEO of Sierra Metals, commented: ‘The Company has continued 2019 with consolidated record production results in the second quarter. This includes continued recovery and making up for lost production at Yauricocha despite an illegal strike action which occurred at the end of Q1 and start of Q2 this year. This can also be attributed to a much stronger performance from our Mexican Mines in the second quarter including record production at both of the Bolivar and Cusi Mines.’

Endeavour Silver Acquires Exploration and Exploitation Rights to Two Properties Adjacent to the Guanacevi Mine, Durango State, Mexico

Bradford Cooke, Endeavour CEO, commented, ‘After many years of discussions, we are happy to announce this exploration and exploitation agreement. It gives us access to two key properties adjacent to two of our past mines at Guanacevi in order to explore, develop and produce any extensions of the Porvenir Norte and Porvenir Cuatro orebodies. Subject to successful exploration, we not only have the opportunity to extend the mine life at Guanacevi but also to commence development and initial production from the El Curso property this year.’

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.