Month: November 2019

Argonaut Gold Provides Update on San Antonio Permitting

Pete Dougherty, President and CEO stated: “We are disappointed with SEMARNAT’s decision to not approve the MIA for the San Antonio project. We have worked hard with the local community and have had positive feedback. We have tremendous support for the project from the local community of San Antonio and the surrounding areas, where members of the local population marched in support of the project and voiced unwavering support at the public information meeting during the MIA process. We continue to believe that San Antonio provides an opportunity for a model mine with the use of clean technologies that also provides near and long-term benefits to the region.”

Great Panther Revises Guidance for Tucano Gold Mine

GREAT PANTHER MINING LIMITED reports that it is revising its fourth quarter production guidance for its Tucano Gold Mine in Brazil to between 31,000 and 33,000 ounces of gold, down from 39,000 to 44,000 ounces. Accordingly, annual consolidated guidance, which includes the Company’s Mexican operations (and Tucano operations from the March 5, 2019 acquisition date), is adjusted to 142,000 – 149,000 gold equivalent ounces, an approximate 6% decrease from the midpoint of the prior production guidance range of 150,000 to 160,000 gold equivalent ounces.

Gomez Urrutia wins amparo against Grupo Mexico

The amparo forces Grupo Mexico to respect the strike at the San Martin Sombrerete mine, Zacatecas. The First Collegiate Court on Labor Matters granted an amparo to the National Union of Mining, Metallurgical, Steel and Similar Workers of the Mexican Republic (SNTMMSSRM) that heads Napoleon Gomez Urrutia, which forces the company Mexico Group to respect the strike at the San Martin Sombrerete mine, Zacatecas.

Advance Gold Starts Drilling Large 1000 X 500 Metres Continuous Chargeability Anomaly

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “We are very excited to drill this large chargeability anomaly as these kinds of targets are not easily found, especially in regions well known for big mines. What makes it particularly stand out is that the high chargeability is consistent from east to west on each survey line, and from line to line over the entire grid. One always has to be aware of possible false positives, such as the possibility of disseminated magnetite causing the chargeability anomaly. However, in this case there has been no magnetite found in the area and an historical magnetic geophysical survey by the Geological Survey of Mexico showed no magnetic anomaly.”

Alien Metals – Result of Annual General Meeting

Alien Metals Ltd announces that all the resolutions proposed at the Company’s Annual General Meeting, which was held in London earlier today, were passed unanimously on a show of hands.

Goldplay Grants Stock Options

Goldplay Exploration Ltd. is pleased to announce that the Company has granted 1,370,000 stock options to directors, officers, and consultants of the company at an exercise price of $0.185 per option for a term of five years. Such options have been granted pursuant to the company’s 10-per-cent rolling stock option plan and are in accordance with TSX Venture Exchange policies.

Drill Turns at Silver Viper’s La Virginia Gold-Silver Project

Silver Viper’s President and CEO Steve Cope states, “We are excited to begin the phase two drill program at La Virginia. The results from phase one were very encouraging and we look forward to continuing on that success by both expanding on the discovery at El Rubi and testing the numerous anomalies in the surrounding area.”

Candelaria Mining Announces Additional High-Grade Drill Results in Pinos Project

“These results are very encouraging,” states Curtis Turner, CEO of Candelaria. “Our exploration programs continue to find high gold grades throughout the district. This recent in-fill drilling program is part of our near-term plans to develop Pinos Gold Project which aims to process up to 400 tonnes per day.”

Colibri Resource Corp and Tocvan Ventures Finalize Option Agreement on Pilar Gold Project

Ian McGavney, Colibri’s COO states: “The conclusion of this deal is significant for Colibri as the Company can now firmly focus on advancing its highly prospective Evelyn and El Mezquite gold projects to drilling phases. Colibri will continue to hold a significant interest in Pilar by way of owning a material amount of Tocvan shares and not need to dilute its own share structure to appreciate its upside.”

Silver Spruce Executes Definitive Agreement for Melchett Lake VMS-Au Project

Greg Davison, Director of Silver Spruce, “We continue to update the multi-element data received this week from the recent due diligence sampling, while building our GIS database with revised drill hole co-ordinates, and geophysical and geological information focusing on the next phase of the ground truthing program and developing priority drill targets”.

Riverside Completes Third Ontario Canada Gold Portfolio Acquisition and Moves Toward Partnerships

Riverside’s President and CEO, John-Mark Staude, stated: “We are very pleased to continue growing Riverside’s Canadian portfolio with an additional gold project with great potential in the Beardmore Geraldton Gold Belt. Riverside has now built a quality, easily accessible, readily drillable portfolio of three projects in Ontario adjacent to large higher-grade gold mines. The Company will explore partnerships to begin drill testing these prospects during 2020.”

Newmont Goldcorp Successfully Reaches Agreement to Sell Red Lake — $375 Million in Cash Plus Up To $100 Million in Contingent Payments

“This transaction both strengthens our balance sheet and provides ongoing exposure to new discoveries at Red Lake,” said Tom Palmer, President and Chief Executive Officer. “Evolution is a highly respected and responsible gold producer who is committed to the success of Red Lake and who we believe will prove a great partner for surrounding communities and stakeholders.”

VVC Exploration – Debt Financing Closing and New Private Placement Financing

The Company announced in a news release of October 21, its intention to convert certain outstanding indebtedness as at October 31, 2019, into Units of the Company, up to CA$175,000. The Company has received the necessary documentation from the participants and finalized this Debt Conversion. As such, an aggregate of CA$200,910 of indebtedness was converted into 4,018,200 common Shares…

Goldplay Reports Results from First Drill Program at Nava Target, Including >1,000 g/t Ag

Goldplay President and CEO Marcio Fonseca commented, “We are pleased to report the mineralized intercepts, including high grade silver, in the maiden drill program at San Marcial’s Nava Target. Goldplay’s 2019 field studies mark the first time in approximately ten years that any type of exploration has been carried out at the project. The encouraging results warrant further exploration, advancing the Company’s objective of resource expansion of San Marcial.”

IMPACT Silver Announces Q3 2019 Financial & Production Results Achieves Positive Mine Operating Earnings of $0.4 Million and $0.3 Million EBITDA

Fred Davidson, President & CEO of IMPACT stated, “All credits to our mining team this quarter in turning mining operations from negative to positive earnings. Coinciding the execution of operational excellence, improved silver prices within the quarter boosted margins. We also welcomed new investors into IMPACT with our recent $4.95 million financing, taking advantage of the resurging silver interest over summer.”

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