Author: Josue Gomez

Majority Of Torex Workers At ELG Mine Vote To Return To Work

Fred Stanford, President and CEO of Torex stated: “Our thanks go out to the hundreds of individuals who have stepped up and publicly illustrated that the Company is making a meaningful contribution to society and that they are proud to be a part of that journey. With such an overwhelming show of support by our employees through this vote, we hope Los Mineros will remove its illegal blockade and let workers get back to work so that they can provide a good Christmas for their families. It is now clear that Los Mineros does not speak for our union eligible employees, who do not want their disruptive presence through the continuation of the blockade.” He added, “If Los Mineros, and their supporters, UNIFOR, and USW, are not legitimately speaking for our union eligible employees then presumably they are speaking for someone else. We assume they are speaking for themselves, and their political agendas in the Mexican federal presidential election and in the NAFTA negotiations. We would hope that these outside unions keep their political actions to the political arenas, and let the employees get on with their lives and go back to work. If Los Mineros, USW and Unifor truly care for these workers, then they will honour the workers’ vote and immediately lift the blockades, and limit political activity to political arenas.”

Consolidated Zinc Ltd. – $1.96m Placement to Accelerate Drilling Programs

The funds raised will be used to accelerate resource drilling that is currently underway both below the underground mine workings in the Cuevitas Zone, at Tres Amigos and at several new areas within the mine at the Company’s highly prospective Plomosas Zinc Project in northern Mexico. In addition, the first regional drillholes targeting new exploration areas will commence early in 2018.

Cerro Cascaron Drill Permitting Underway

Harvest Gold’s President and CEO Rick Mark states: “Recently a meeting of the Harvest Gold/Evrim Resources geological team was held in Vancouver. Priority drill targets were selected in both the main Cascaron gold vein field and the silver-rich Cascarita prospect. With the knowledge gained from the fall 2017 Phase 1 exploration program, which included rock and soil sampling results, geologic mapping and adit sampling results, we have a high level of confidence in our targeting and are looking forward to having these high priority targets tested. Our Joint Venture partner expects the drill permitting process to be complete by the end of January.”

Judges Announced For #DisruptMining 2018 Event

GOLDCORP INC. is pleased to announce the five ‘sharks’ who will judge the #DisruptMining challenge, an event designed to encourage innovators from all sectors to collaborate and accelerate solutions to some of the biggest challenges and opportunities in mining, an industry notoriously slow to innovate.

Chesapeake Gold Provides Yarely Drilling and Exploration Update

Mr. Randy Reifel, President states, “We are very early in the drill program with only five holes completed in the Central Prospect. We are very encouraged that Y-02 and Y-03 tested a deep blind IP anomaly that underlies a 3.0 x 1.5 kilometre hydrothermal system exposed on surface and confirms its continuity to a depth of 500 metres. The strength and types of the alteration with increasing copper values lower in the system indicates a potential significant mineralized intrusive. We are also pleased with the first two drill holes in the Spaniard zone. Drill results confirmed the depth of the gold-silver sulfide mineralization to at least 100 metres. Resistivity profiles indicate that several of these structures may extend more than 350 metres below surface.”

5 Miners Riding The Tech Boom

Drones are sweeping over the global mining industry…and for good reason. The future of mining will increasingly rely on the use of drones and automated systems, slashing costs while helping mining companies find and dig up more gold, silver and other metals and minerals.

Kootenay Closes $3.9 Million in First Tranche of Private Placement

Kootenay Silver Inc. is pleased to announce that further to its press release dated November 15, 2017, it has closed the initial tranche of its non-brokered private placement and has issued an aggregate of 19,549,480 units at a purchase price of $0.20 per Unit for gross proceeds to the Company of $3,909,896. Each Unit consists of one common share and one-half of a transferable common share purchase warrant. Each Warrant entitles the holder to acquire one Common Share at an exercise price of $0.30 per share until December 13, 2020. Cash finder’s fees to arm’s length parties totaling $154,600 have been paid on this portion of the Private Placement.

Excellon Commences 2018 Exploration Program At Platosa And Appoints New Director

“The upcoming exploration program is founded on a back-to-basics review and reanalysis of the large historical database of geophysics, geochemistry and drilling on the Platosa Property,” stated Ben Pullinger, Vice President Geology. “This analysis has already successfully identified new prospective targets at Jaboncillo and San Gilberto, which have been confirmed by field mapping. We are confident that this methodology and the improved understanding of the regional system surrounding the Platosa Mine will lead to positive exploration results in 2018. We are also pleased to have the funding secured to execute this comprehensive exploration program as we explore for new manto and skarn discoveries on one of Mexico’s most prospective mineral belts.”

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