Author: Josue Gomez

“We are very excited by the exploration results from these emerging new districts” states Randy Reifel, President. “Generative studies and systematic work at Yarely has defined five mineralized zones that warrant drilling. A greenfield discovery at Yarely or El Paso would have the strategic advantage of capitalizing on any future development of a process plant and infrastructure for Metates.”

Telson Resources Inc. is pleased to announce that it has secured a USD $2 million credit line for leasing underground and surface mining equipment for mine development at its 100% owned Tahuehueto Project located in northern Durango State, Mexico.

Thompson Falls, Montana. United States Antimony Corporation reports significant price increases in antimony and that it has successfully transitioned from custom smelting antimony concentrates at the Madero, Coahuila, Mexico plant to its own mine production. This Company’s antimony business plan is to accelerate production from its Mexican antimony mines with internal cash flow. The mines had been idle for two years.

Mark Brennan, President and CEO of Sierra Metals stated “We have been seen tremendous growth in ore throughput and copper production at the Bolivar Mine over the past 5 years, however we have also seen ore grade erosion that has partly offset the expansion benefits of our earnings potential. Since 2015 we have been working aggressively to add new higher-grade, higher-value tonnage at Bolivar. Our objectives for 2017 are to increase production further, reduce costs and complete successful brownfield exploration that can be brought into the production schedule in 2018.” He continued, “The Bolivar district is prolific in its geological activity. We are optimistic that we can add resource tonnage while also improving ore grade. This makes us optimistic for our cash flows and EBITDA outlook in 2018.”

Mexus Gold US announced that the company continues to move steadily towards first production. Regino Vargas of MarMar Holdings, Mexus’ JV partner, reported that as of March 5th the testing of the leaching circuit is complete with satisfactory results. ChemTreat Chemical Company is now on site and has delivered and installed the ML7640 chemical treatment equipment. This specialized equipment adds chemicals and maintains the leaching solution to the heap leach pad. The equipment will take several days to test and calibrate at which point the leaching process will begin.