Month: January 2020

Litio en México atrae inversión de Canadá y China

La canadiense Bacanora Minerals Ltd y Ganfeng Lithium Ltd, de origen chino, desarrollan lo que será la primera mina de litio en el país, proyecto donde invierten en su primera fase 420 millones de dólares y el cual comenzará a producir en 2022.

Advance Gold Intersects Sulphide Zone with Continuous Zinc Mineralization over 78 Metres with a Highlight Intersection of 1.10 m of 1.88% Zinc, 1.40% Lead, 77 g/t Silver and 0.198 g/t Gold at Tabasquena Project in Zacatecas, Mexico

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “With this first hole drilled into a large continuous chargeability anomaly (IP) we interpret this anomaly is caused by sulphides that carry precious and base metals. Each time we do additional geophysics and drilling we come to a better understanding of this widespread mineralizing structure with all the hallmarks of a long-lived system.”

Silver Spruce to Issue Shares to Cocula Vendor and Land Owners

Under the terms of the Amendment the Company is required to issue 1,700,000 common shares at a deemed price of $0.05 per share which 1,500,000 common shares are to be issued to ProDeMin and 200,000 common shares are to be issued to the land owners of the Cocula Project.

Sable Resources Ltd – Announces Appointment of Jonathan Rubenstein as a Director

Mr. Rubenstein has served on numerous junior and major mining company boards during the last 38 years and has been actively engaged in the strategic, commercial, governance and government relations aspects affecting the acquisition, financing, exploration, permitting and development of several world class mining projects.

Prime Mining Reports Up To 30 Metres at 3.9 gpt Gold and 40 gpt Silver Between Zapote North and South at Los Reyes

COO Greg Liller notes, “I am very pleased with the positive results of our surface sampling program. Prime continues to fill in gaps in the existing data base, expand the known limits of the mineralization in the open pit deposits and, most importantly, add shareholder value to the Los Reyes Gold Mine project. In the near term we plan on increasing this program to test previously undrilled exploration targets and add further value.”

Infinite Clarifies and Increases Private Placement Financing

Infinite Lithium Corp. announces that further to its press release dated January 15th announcing a non-brokered private placement of up to 8.4 million units at a price of $0.06 per Unit for aggregate gross proceeds of $504,000.00 that due to overwhelming demand it is arranging to increase the financing to up to 20 million units for aggregate gross proceeds of $1,200,000.

Minaurum Successfully Completes Phase I Drill Program at Alamos and Announces Plans for Phase II Program

“Phase I drilling allowed us to outline the footprint of the Alamos District and generate an inventory of silver-rich veins for systematic follow-up drilling,” stated Darrell Rader, President and CEO of Minaurum Gold. “Also, we are pleased to have acquired a significant quantity of historical data and expect that, once reviewed and verified, it will significantly enhance Phase II drill targeting.”

Santacruz Silver Acquires La Pechuga Project Adjacent to Zimapan Mine, Hidalgo, Mexico

Mr. Carlos Silva, Chief Operating Officer, stated, “This property is situated in a very promising zone of the Zimapan Mining District and its proximity to the producing Zimapan Mine makes it a strategic acquisition for Santacruz.” Mr. Silva continued; “With respect to the Zimapan Mine, management discussions with Peñoles are at an advanced stage with respect to final terms of an agreement which would allow Santacruz to acquire the Zimapan assets.”

GR Silver Mining Provides an Exploration Update for the San Marcial Silver-Gold Project, Including Drill Result of 28.7 m at 92 g/t Silver, 30 m from the NI 43-101 Resource Area

GR Silver Mining President and CEO, Marcio Fonseca, commented, “After receiving the wide silver results at the Faisanes target from our 2019 drill program, we are pleased to announce that work has begun on our 2020 program. The first phase will involve underground drilling from the existing San Marcial tunnel, where work is already underway to provide drill access.”

New Gold Reports Preliminary Fourth Quarter and Annual Results; Achieves Annual Production Guidance Download

“2019 was a pivotal year for New Gold as we began the journey to reposition the company for long-term success and sustainable shareholder value creation. We are encouraged by the progress we have made in 2019 as we delivered on all our key commitments, including stabilizing operations and completing substantially all deferred construction capital at the Rainy River Mine, advancing the development of the New Afton C-zone, improving our balance sheet and achieving annual production guidance,” stated Renaud Adams, CEO.

Coeur Reports Fourth Quarter and Full-Year 2019 Production and Sales Results

“Coeur’s operations delivered solid gold production in 2019, highlighted by a strong second half of the year,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer. “Palmarejo was our best performing operation last year, while Kensington’s gold production increased 12% year-over-year. Wharf’s gold production was 58% higher in the second half of 2019 compared to the first half, leading to a 10% year-over-year production increase.”

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