Kootenay Silver Inc. is pleased to announce a drill rig has been mobilized to commence a minimum 3,000-meter core drill program at the Columba silver project located in Chihuahua State, Mexico.
Jose de Jesus Morales Yebra, age 22, was working as a driller’s helper with a senior driller installing roof bolts in the Plateros section of the mine when a part of the roof collapsed. Jose Morales was killed by falling rock. The driller also suffered minor injuries in the accident.
United States Antimony Corporation announced that the Puerto Blanco flotation mill in Guanajuato, Mexico will commence milling the 30,000 metric ton stockpile of Los Juarez gold/silver/antimony ore in July 2019. The decision has come after exhaustive testing of the recovery of gold and silver from legacy flotation concentrates.
Fresnillo has now determined it to be in the Company´s best interests to align its tax treatment across its underground mining operations subsidiaries with the Conclusive Agreement. Accordingly, Fresnillo has voluntarily elected to apply the same criteria regarding the tax treatment of mining works to all its underground mines, retrospectively for the years 2014 to 2018.
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.’
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.’
Alio Gold Inc. reports the voting results from its annual general and special meeting of shareholders held today in Vancouver, British Columbia.
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.
Discovery Metals Corp. is pleased to announce the appointment of Dr. Moira Smith to the Companys Board of Directors.
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.’
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