Santacruz Silver Mining Ltd. announces the appointment of Mr. Carlos Alberto Silva Ramos to the position of Chief Operating Officer of the Company effective November 27, 2017. Mr. Silva will report directly to the President and CEO of the Company, Mr. Arturo Préstamo.
Commenting on the drilling, Azures Managing Director, Mr Tony Rovira said: This maiden drilling campaign has exceeded our expectations and confirmed the presence of high-grade gold and cobalt mineralisation over significant widths. The spectacular cobalt grades in hole DSA-03 are up there with the highest Ive ever seen and, encouragingly, the mineralisation starts at surface and remains open in all directions. These wide, high-grade zones host strong gold mineralisation consistently assaying in the range of 10g/t to 60g/t and cobalt grading from 1% to 6%. We believe theres good potential for a high-value body of gold and cobalt mineralisation to be defined at Sara Alicia, and further exploration will be undertaken to identify the size potential.
The first of two underground rigs mobilised to Cuddy LV5.4 over the weekend where it will target the current Mineral Resource with 8 holes before the years end.
MX Gold Corp. is pleased to announce the Magistral Joint Ventures appointment of Kevin Weston as Director of Operations of the Magistral Del Oro Project in Mexico. The Magistral Project is operated by MX Gold and its joint venture partner, GracePoint Mining Corp. Under the terms of Mr. Westons engagement, and subject to approval by the TSX Venture Exchange, MX Gold has undertaken to issue 350,000 common shares of MX Gold to Mr. Weston, as security for payment of Mr. Westons salary from the JV.
The halt will remain in place until the opening of trade on Tuesday 28th November 2017, or earlier if an announcement is made to the market.
Camrova Resources Inc. announces that its ownership in Minera y Metalurgica del Boleo S.A.P.I de C.V is being diluted pursuant to the New Shareholders Agreement described in the Companys News Release #2 / 2017 dated 2017-01-26.
“Gold mineralization from sampling at the La Gloria prospect indicates significant potential for an oxidized high sulphidation gold system at the Cuale project. These encouraging early results warrant rapid advancement to define the full extent of mineralization,” commented Evrim’s Vice President for New Opportunities and Exploration, Charles Funk. “Oxidized high sulphidation deposits are highly valued for their often large tonnages and lower construction costs. Cuale is a new project for Evrim and the extent of mineralization over such a broad area presents an uncommonly compelling prospect.”
Primero Mining Corp. today announced that the Company has agreed in principle with its lenders to an extension of its revolving credit facility and guarantee provided by Wheaton Precious Metals Corp., previously maturing on November 23, 2017. The maturity of the RCF will be extended to December 1, 2017, providing the Company with the ability to continue negotiations surrounding its previously announced strategic review process and the possible divestiture of its San Dimas mine in Mexico. There can be no certainty that these discussions will result in a resolution acceptable to all stakeholders.
The Company is pleased to announce that it has now received the latest option payment from Desarrollos Mineros El Aguila, S.A. de C.V., a wholly owned subsidiary of Fresnillo plc for the properties optioned to them by the Company in the Uruachic Mining District in the State of Chihuahua, Mexico.
J.D. Poliquin, chairman of Almaden stated, These results again show the potential of the Ixtaca gold silver deposit to grow. As I have stated before, while Ixtaca is a prominent new discovery of gold and silver reserves, we are clearly only at the beginning of the discovery cycle at this project. We have a two-pronged approach. On the one hand we are focussed on developing the Ixtaca deposit into a significant precious metals producer in Mexico, and engineering work and studies on a Feasibility Study are progressing well. At the same time we have in front of us the opportunity for additional discovery and resource growth. We are at the top of a fully preserved epithermal system and over the next several months exploration drilling will also test for additional vein zones beneath alteration elsewhere on the project.
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