Day: October 22, 2019

Fresnillo plc – Third Quarter Production Report for the Three Months Ended 30 September 2019

Octavio Alvídrez, Chief Executive Officer, said: “We continued to implement the performance improvement plan for our Fresnillo District mines during the third quarter. This programme includes intensive infill drilling to improve the geological model, dilution control and raising development rates, whilst also taking actions to address maintenance performance, contractor productivity and equipment availability. As a result, while grades remain variable, we are now processing higher volumes of ore on a more consistent basis at Fresnillo.”

Magna Gold Corp. Announces Closing of VRIFY Technology Transaction

Magna Gold Corp. is pleased to announce that further to its press releases dated June 11, 2019 and October 17, 2019, the Company has issued 99,502 common shares in the capital of the Company at a deemed issue price of $0.25125 per Share to VRIFY Technology Inc., in consideration for the provision of technology services. The Consideration Shares will be subject to a hold period of four months and one day from the closing date.

One World Lithium Announces Private Placement

One World Lithium Inc. announces that the previous non-brokered private placement announced on September 5, 2019 is replaced with a non-brokered private placement of unsecured convertible notes in the aggregate principal amount of up to $1,000,000.

Prime Mining Updates Los Reyes Gold-Silver Project Progress

Andrew Bowering, President of Prime Mining Corp. announced today that excellent progress is being made in the exploration and development program underway at the Los Reyes gold-silver project in Mexico for a planned forty-five-hundred-tonne-per-day heap leach operation. Prime also announces that it has made the 3rd US$1.5 million payment to Vista Gold Corp. to acquire 100% interest in the Los Reyes Gold Project. Pursuant to an option assignment agreement with Minera Alamos Inc, Prime Mining has now paid US$4.5 million of the total US$6 million purchase price. A final payment of US$1.5 million is due the sooner of October 23, 2021 or within 30 days of the announcement of a production decision.

Defiance Announces Appointment of Orequest as Technical Advisor

Defiance Silver Corp. is pleased to announce the appointments of Messrs. George Cavey P.Geo and Douglas Cavey of OreQuest Consultants to its Advisory Board and Technical Committee. OreQuest will design and execute the ongoing exploration program at Defiance’s San Acacio project.

Close up core, from 1m sample grading 49 g/t Au and 905 g/t Ag (from 010 - 220.7m) intense electrum mineralization within quartz sulphide stockwork zone.

Radius Gold and Pan American Silver Commence Drilling at Amalia Project, Mexico

Radius Gold Inc. is pleased to announce that phase 3 diamond drilling has commenced at Radius’s high-grade gold-silver Amalia Project located in Chihuahua, Mexico. Pan American Silver Corp. is now operating the Project and plans a minimum 2500m diamond core drilling. The current drill program will be fully funded by Pan American Silver pursuant to its option to earn an interest in the Amalia Project.

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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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.