Juan Ángel Trasviña Aguilar, presidente de Medio Ambiente y Sociedad expresó que la Red Mexicana de Afectados por la Minería, a la que pertenecen, se pronunció en contra de la instalación del proyecto minero El Arco.
Defiance Silver Corporation is pleased to report the results of the first three holes of its Phase I core drilling program on the San Acacio Deposit. Phase I is designed to test for a continuation of mineralization to depth below the current resource and the workings of the past producing mine.
San Marco Resources Inc. has completed its non-brokered private placement financing announced on October 24 and December 17, 2014. A total of 12,967,500 units were issued at $0.05 per Unit for gross proceeds of $$648,375, a roughly 30% increase over the original financing target of $500,000. Insiders of the Company acquired 2,687,500 (or 21%) of the Units issued in this financing.
Endeavour Silver Corp. reports updated NI 43-101 silver and gold reserve and resource estimates for its three producing mines in Mexico: the Guanaceví Mine in Durango State and the Bolañitos and El Cubo Mines in Guanajuato State; as well as one exploration project, the San Sebastián Project in Jalisco State, as of October 31, 2014.
Aura Silver Resources Inc. is pleased to report that recent exploration has defined major gold and silver trends comprising untested definitive drill targets adjacent to, and on strike with its defined silver/gold resource in Mexico. These results are based on the 2014 exploration program carried out on its 73% owned East Taviche property in Oaxaca State, Mexico. Results are based on a Spatiotemporal Geochemical Hydrocarbon analysis (interpreted by Activation Laboratories Inc. or “Actlabs”) of a soil sampling survey conducted during this program. Results have identified several possible extensions to the current silver/gold resource (refer to 2011 NI 43-101 Technical Report available under the Company’s profile at www.sedar.com). Diagrams depicting the Spatiotemporal Geochemical Hydrocarbon anomalies relative to the current defined resource are as follows:
Evrim Resources Corp. announces that Jack H.L. Miller has resigned as a director of the Board.
Skeena Resources Limited is pleased to announce the appointment of Michael Cathro as Vice President of Operations and Wendy Chan as Vice President of Corporate Development. They both join Skeena’s management team effective immediately. Subject to TSX Venture Exchange approval, the Company granted Mr. Cathro 600,000 incentive stock options with a term of 5 years, expiring on January 29, 2020. The options allow the holder to purchase a common share in the Company at a price of $0.10. The options will vest over a period of three years. Any shares issued on the exercise of these stock options will be subject to a four-month hold period from date of grant.
Santacruz Silver Mining Ltd. is pleased to announce fourth quarter 2014 production of 255,487 silver equivalent ounces from the Company’s Rosario Mine in San Luis Potosi, Mexico. This production represents a 32.8% quarter over quarter increase as compared with Q3 2014 silver equivalent ounces. The full calendar year of production at the Rosario Mine for 2014 resulted in 776,787 silver equivalent ounces.
The Company has advanced the development of the “North Nose” area of the Project. It is expected that this will increase gold production in 2015/2016. While anticipated, this work was not included in the previously approved capital expenditures and will result in an increase of estimated capital expenditures in the amount of $22 million. The total Capex Estimate for the Project is now at $800 million, representing an increase of approximately $53 million from the previously approved $725 million capex budget. In addition to the $22 million increased capital expenditures related to the “North Nose” area of the Project, the Capex Estimate also includes approximately $47 million of contingency and accounts for the escalation of costs compared to the 2012 feasibility estimates. The Project remains fully funded and a $60 million second draw on the previously announced project finance facility was received on January 28th.
The London-listed Mexican miner’s silver production climbed by 15.5 per cent to 12.3m ounces, ahead of its own guidance as it processed more ore at its Saucito mine and increased production at its Silverstream mine.
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