SSR Mining Inc. announces today that it has completed the transaction with SilverCrest Metals Inc. to purchase, by way of private placement, 8,220,645 common shares of SilverCrest at a price of C$3.73 per common share for total consideration of C$30,663,006. This transaction was previously announced in SSR Mining’s news release dated November 29, 2018.
“The Cozamin mine continues to be a valuable asset for Capstone and formed the foundation upon which we built our company,” said Darren Pylot, President and CEO of Capstone. “Since commencing production at 1,000 tpd in 2006, Cozamin has demonstrated a remarkable ability to continue to discover and define new reserves. Today, more than 12 years and approximately 12 million milled tonnes later, we announce the next step in Cozamin’s evolution. The combination of the new Reserves as well as the significantly increased Inferred Resources give us the confidence to make additional investment to increase Cozamin’s production profile. We look forward to continued exploration success and the further delineation of reserves at Cozamin as the mine continues to operate well into the future.”
Tawn Albinson, the President of Prospero said: “We’re happy that Fortuna has exercised its right to be granted an interest in Pachuca SE. The Prospero team is excited to be returning for a second round of drilling on the project. We hope to recommence work in January 2019, subject to completion of a definitive option and joint venture agreement with Fortuna. There are several distinct targets that we hope to test and planning will begin shortly with Fortuna’s technical team.”
Evrim Resources Corp announces initial drill results from the Cuale high sulphidation epithermal gold project in Jalisco, Mexico. The Company has received assay results from four of the first five drill holes targeting the La Gloria prospect. A total of 1,167 metres has been completed of a planned 3,000 metre program.
Radius Gold Inc. announces that in accordance with the terms of its option to acquire a 100% interest in the Amalia Gold-Silver Project located in Chihuahua, Mexico, the Company intends, subject to stock exchange approval, to issue 74,183 common shares in its capital stock to the Project owners. The shares will be issued at a deemed price of $0.09 per share.
Teck Resources Limited today announced the appointment of Greg Brouwer to Vice President, Technology and Innovation; Amparo Cornejo to Vice President, Chile Sustainability and Corporate Affairs; Chris Dechert to Vice President, South America; Sepanta Dorri to Vice President, Corporate Development; Karla Mills to Vice President, Project Development; Crystal Prystai to Vice President and Corporate Controller; and Keith Stein to Vice President, Major Projects.
Curtis Turner, President and CEO of Candelaria Mining stated: I am pleased to announce that Candelaria will hold 100% of the Pinos Gold Project. The recently released PEA shows that Pinos is a great small scale project with the ability to grow with exploration potential. Developing the property as outlined in the PEA will allow us to commence with a low-capex project which will generate cash flows to allow further expansion in operations and exploration organically.
The ongoing drilling program at Cerro Caliche continues to meet the primary objectives set out by Sonoros technical team prior to exploration, said Kenneth MacLeod, President and CEO of Sonoro. Drilling by earlier operators suggested the potential to develop a large-tonnage, heap leachable resource at Cerro Caliche suitable for open-pit mining. The current results support that proposition.
Colibri Resource Corporation wishes to announce that it has entered into a one-year agreement with Agnico Eagle Mines Limited whereby it has agreed to allow Agnico Eagle to exclusively explore opportunities to dispose of Colibris joint venture interest with Agnico Eagle on the 6,564 hectare Pitaya project near Caborca in Sonora, Mexico.
Thomas Atkins, President and CEO of Mammoth commented on the results from drilling, stating: Weve always been impressed and intrigued by the sheer dimensions of the gold-silver footprint at Tenoriba, one that measures about 15 square kilometres and still remains open to the east and west. Given we intersected potentially economical values of gold-silver in 9 of 11 drill holes from this campaign and that 7 of these holes tested areas over one kilometre to the east and west of the area previously drilled, illustrates the vast potential of the deposit.”
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