Inversionistas de China, de la región de He-Nan, celebraron que Guerrero tiene potencial minero, y que esperan hacer más visitas para conocer la Costa Grande; sin embargo, dijeron desconocer los conflictos sociales que hay en la zona, debido a que el gobierno estatal no les ha informado.
Santacruz Silver Mining Ltd. reports that on November 3, 2017, the Mexican Environmental Protection Agency requested that the Company’s Mexican operating subsidiary, Impulsora Minera Santacruz, S.A. de C.V., hold the Veta Grande Mine Environmental License directly in its name and not under the terms of the agreement with Minera Contracuña I, S.A. de C.V. In connection with this matter PROFEPA issued a notice temporarily suspending operation of the Veta Grande mill until appropriate documentation was filed with regulatory bodies. On November 8, 2017 the Company submitted all appropriate documents to PROFEPA and the Secretariat of Environment and Natural Resources. The documentation has been confirmed by those agencies as being in order and as such the Company expects the imminent resumption of operations at the Veta Grande mill. During the suspension of mill operations the Company continued mining operations thereby building a substantial stockpile of mineralized material while at the same time major mill maintenance activities were completed.
Banks including Goldman Sachs Group Inc., UBS Group AG and Bank of America Corp. are already forecasting a surge in demand for battery metals like nickel as sales of electric cars ramp up over the next decade. Usage could jump even higher if trucking firms start switching diesel fleets for battery-powered ones. This is a game changer, said Anthony Milewski, chairman and chief executive officer of Cobalt 27 Capital Corp., an investment vehicle providing price exposure to a stockpile of cobalt, which has spiked in the past year in response to booming projections for usage in electric vehicles. People have known electric trucks are coming, but I dont think its been priced into the forecasts the banks are putting out.
MAG Silver Corp. is pleased to announce that the Company is increasing its previously announced non-brokered private placement, from total gross proceeds of up to US$44,000,000 to total gross proceeds of US$48,158,241. The Offering will now consist of 4,599,641 common shares at a price of US$10.47 per Common Share.
“We appreciate this continuing strong support by Palisade Global Investments, Mexican Golds largest shareholders,” commented Brian Robertson, President and Chief Executive Officer, Mexican Gold Corp. “This an exciting time for our Company as we continue our drill program focused on resource expansion of the high grade zones recently intersected by drilling at the property.
The Arrangement involves, among other things, the distribution of common shares of Sailfish Royalty Corp., currently a wholly owned subsidiary of the Company, to the Shareholders on the basis of one Sailfish Royalty Corp. share for every five common shares of the Company.
The high gold and silver grades intersected in drill holes ET-17-145 and ET-17-144 have defined the Caleigh and Protectora veins as high priority targets to develop new mineral resources on El Tigre, stated Glenn Jessome, President and CEO, Oceanus Resources. Furthermore, hole ET-17-145 has provided Oceanus with initial evidence of the wide, low-grade alteration zone located along the Caleigh vein and this target seems to replicate what we see at the El Tigre mine located 800 meters to the south, continued Mr. Jessome.
Consolidated Zinc Limited has unveiled its new strategy to target larger scale production from its 51% owned Plomosas Zinc mine in Chihuahua, Mexico. The Company plans to move into production during 2019 targeting a 250,000tpa production rate with a mine life of 7-10 years. This is a substantial increase over the 100,000tpa contemplated in the recent scoping study. This has occurred due to recent positive exploration results and recent expansions to the projects Mineral Resource as well as positive findings in the recently completed Scoping Study. In order to achieve the larger production rates the Company plans to conduct an aggressive extensional and infill drill program to convert more material into the Indicated category (from Inferred) and complete further metallurgical testwork to maximise recoveries. In parallel, the Company plans to do some regional exploration including first pass drilling on outcropping targets where rockchip samples have returned results >20% Zn+Pb.
A review of historic data has confirmed the location of high grade silver mineralisation at the La Lupita prospect in the northern region of Santanas Cuitaboca Project in Sinaloa, Mexico. A total of 24 samples were taken in the 1990s by Servicios Industrias Peñoles SA de CV.
Azure Minerals Limited is pleased to advise that it has appointed Mr Glenn Jardine as Chief Operating Officer for the Company. Mr Jardine will lead the development of the Companys flagship Oposura zinc-lead-silver project, located in the northern Mexican state of Sonora.
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