GoGold Resources Inc. is pleased to announce the release of financial results for the three and nine months ending June 30, 2016. The Company recorded revenue of $6.0 million from the sale of 348,747 silver equivalent ounces at a cash cost of $6.91 per silver equivalent ounce in the quarter.
DynaResource, Inc. is pleased to announce that Mineras de DynaResource S.A. de C.V., the 100% owned subsidiary of DynaUSA and the exclusive operator of the San Jose de Gràcia Property in northern Sinaloa, México, is reporting the delivery for sale, on August 10, 2016, of an approximate 525 Oz gold contained in concentrates (exact weights in gold and silver oz. to be determined at final settlement).
Horizon Minerals Corp., is pleased to announce it has engaged Gold Exploration Management Inc., a private corporation controlled by David A. Bending, M.Sc., P. Geo., providing mineral exploration project management services. Gold Exploration has been actively involved in the evaluation of Gold and Lithium exploration concessions in Nevada, California and Mexico, and will be instrumental in helping the Company to acquire potential projects. Clayton Valley, Nevada hosts the only commercial producing lithium operation in North America Silver Peak, owned and operated by Albemarle, the world’s largest lithium producers.
J.D. Poliquin, chairman of Almaden stated, “Today’s results once again show the presence of the high grade veins on the Tuligtic project. While we are now focussed on developing the Ixtaca deposit into a significant precious metals producer in Mexico, and are currently busy with engineering work and studies towards producing a PFS, we are also conducting exploration drilling to test for additional resource potential.”
I am pleased to welcome Gord to our team as we prepare Canarc for a new phaseofgrowth. His extensive experience and past success should complement our existing skill sets well. Canarc is now focused on acquiring gold-silver resource projects with expansion potential and gold-silver mining projects with production potential in the Americas. The Company is well funded with over $12 million cash and marketable securities as we embark on an ambitious new growth plan.
“Our exploration program at Mulatos continues to deliver excellent results, most notably at La Yaqui where step out drilling has significantly expanded the zones of mineralization. Reflecting the increased exploration budget announced earlier this year, we had a record 13 rigs drilling at Mulatos during the quarter. Development of La Yaqui remains on track and with ongoing exploration success, we believe there is potential for a substantial increase in reserves and resources,” Mr. McCluskey added.
A new tailings storage facility is necessary to allow the existing TSF to be decommissioned, which will enable Avino to begin assessing the upper sulphide bench as well as the lower oxide bench in areas that are currently being used to store tailings from our active operations.
Kootenay President and CEO James McDonald, stated, “We are excited to start our drill program at La Cigarra, which will begin with the first ever drill test of the high-grade RAM silver target. The primary objectives of the program are to test this high priority target and to expand the existing La Cigarra resource which is open in three directions with particular attention to intercepting higher-grade silver. These are the first steps toward a new resource estimate and to proceeding with a Preliminary Economic Assessment on the project.”
Silver Bull Resources, Inc. announces that the warrant expiry acceleration clause contained in the common share purchase warrants issued by the Company on May 19, 2016, June 3, 2016 and June 29, 2016 has been triggered following a period of five consecutive trading days in which the closing price of the common shares of the Company on the OTCQB Venture Marketplace was US$0.18 or higher. In total, 11,362,310 Warrants have been accelerated.
Southern Silver Exploration Corp. reported today 2016 drilling on its Cerro las Minitas project has successfully identified a new mineralized extension on the project and continues to demonstrate the continuity of contact skarn around the margin of the central intrusion each of which could significantly expand the overall size of the project.
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