PRIZE MINING CORPORATION is pleased to announce that the Company has hired Mr. Richard Dufresne, P.Geo. as Exploration Manager for the Companys projects in British Columbia and Mexico. The Company is also providing an update on the companys current diamond drilling campaigns underway at both projects.
Galore Resources Inc. is pleased to announce that mining for gold at Los Gemelos has begun. All necessary permits have been received and approved. Galore entered into a 5-year contract with URBYASA to mine and extract available gold at Galores 100% owned Duraznillo Ranch, which includes the Los Gemelos and Duende 7 claims in the prolific Conception Del Oro district. URBYASAs independent decision to proceed with mining was not based on a feasibility study of mineral reserves demonstrating the economic or technical feasibility of the project.
Gold Resource Corporation reports preliminary production results for the third quarter ended September 30, 2018 of 6,411 ounces of gold, 321,590 ounces of silver and significant base metals. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA.
These transactions are consistent with our strategy to focus on optimizing our operating mines to generate cash flow, said Greg McCunn, Chief Executive Officer. As a result of the reduction in debt and increasing our working capital we are well positioned to ramp up Florida Canyon and to continue with the pit pushback that is underway at our San Francisco Mine. We are pleased to strengthen the balance sheet while retaining future growth opportunities at Florida Canyon which include pit rim resource expansion potential, restart of the adjacent Standard Mine and further delineating the known sulphide deposit below the current oxide resource.
Overall gold production during the third quarter met expectations with additional ore being processed from stockpiles at the low-cost South Arturo mine, stated John Begeman, Executive Chairman of Premier.In addition, development and construction commenced on the next two production phases at South Arturo; the Phase 1 open pit and the El Nino underground mine.
“With this payment Santacruz now owns outright, subject to underlying net smelter royalties on certain of the claims, these important concessions and controls approximately 8,900 hectares in the historic and prolific Zacatecas silver mining belt.” stated Carlos Silva, COO of the Company. Mr. Silva continued “We are confident that as we progress the exploration and development of our Zacatecas mineral portfolio we will realize the strong mineral potential of this historical mining district”.
Consolidated Zinc Limited wishes to advise that Mr Andrew Beigel will step down as a director from the Board of Consolidated Zinc.
First Majestic Silver Corp. announced today it has filed a preliminary short form base shelf prospectus with the securities regulators in each province of Canada, except for the Province of Quebec, and a corresponding shelf registration statement on Form F-10 with the United States Securities and Exchange Commission. These filings, when made final or effective, will allow the Company to make offerings of common shares, subscription receipts, units, warrants or any combination thereof of up to US$300 million during the 25 months following the (final) prospectus and registration statement becoming effective in the United States and Canada (except for the Province of Quebec).
The net proceeds from the Offering will be primarily used by Sonoro for exploration expenditures on the Cerro Caliche project in Sonora, Mexico and for general working capital purposes.
La recuperación en los precios internacionales del oro permitirá que entre lo que resta del año 2018 y el próximo año 2019 se pongan en operación al menos 19 nuevas minas de oro o plantas de procesamiento de este metal precioso en el país, ubicándose la mayor parte de los proyectos en los estados de Zacatecas, Guerrero y Durango.
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