Category: Exploration and Development

Endeavour Silver Reports Fatal Accident at the Bolanitos Mine

Jose de Jesus Morales Yebra, age 22, was working as a driller’s helper with a senior driller installing roof bolts in the Plateros section of the mine when a part of the roof collapsed. Jose Morales was killed by falling rock. The driller also suffered minor injuries in the accident.

Canasil Signs Definitive Agreement Providing for Pan American to Acquire Canasil’s Interest in the Sandra-Escobar Project and Closes Transaction for CDN $2 Million and 2% NSR Interest

Canasil CEO, Bahman Yamini, commented: ‘We are pleased to have concluded the sale of Canasil’s interest in Sandra-Escobar to Pan American. This arrangement provides significant non-dilutive funding to maintain and advance our project portfolio, which includes drill ready high grade silver-gold-base metal projects in Mexico and prospective gold-copper exploration projects in British Columbia, Canada. In addition to the cash payment Canasil will retain exposure to the upside potential of the Sandra-Escobar project through the retained NSR Interest.’

Bacanora Lithium plc – Signing of Investment and Offtake Agreement with Ganfeng Lithium

Peter Secker, CEO, of Bacanora Lithium, commented: ‘The signature of these agreements with Ganfeng is another significant milestone in the development of the Sonora project. Ganfeng’s operational expertise and industrial credibility is a strong endorsement of the Sonora Project’s potential to break the lithium industry’s current supply duopoly of hard-rock and brine, and combine the speed of production of the first with the low operational cost per tonne of the second.’

Se agrava conflicto entre mineros

Gustavo Barrios Serrano, secretario del Trabajo del Sindicato Nacional Minero Metalúrgico (SNMM) Frente, junto a un grupo de mineros, se manifestaron a las afueras del Tiro General de la empresa minera Fresnillo PLC, con la finalidad de no permitir la reinstalación de Mario Márquez Jiménez a sus labores.

SilverCrest Announces Decline Has Intersected Babicanora Vein, Confirms New Vein Discovery and Additional High-Grade In-Fill Drill Results:

N. Eric Fier, CPG, P.Eng, and CEO, remarked, ‘As we advance Las Chispas to complete a Feasibility Study, we are diligently working to finish our in-fill drilling program on the Babicanora veins to further de-risk and convert resources to reserves. The discovery of the Babi Vista Vein in the decline provides us with a new target immediately adjacent to already defined vein resources with established underground access. This target can potentially add high margin resources beyond what was included in the Preliminary Economic Assessment announced May 15, 2019.’

Minera Alamos Receives Positive Change of Land Use Notice for its Permit Application at Santana Gold Project

‘The receipt of this notification represents another major milestone for the Company. Despite the anticipated delays related to the changes in the Mexican government in 2018, this notice was received approximately one year following our permitting application for commercial production at Santana’ stated Darren Koningen, CEO of Minera Alamos. ‘Our highly experienced Mexican technical team continues to demonstrate the ability to concurrently advance our full portfolio of late-stage gold development projects. Mexico remains one of the world’s premier mine development locations with respect to the timeframes required for permitting of new operations. We are excited to advance the Company’s Santana gold project which remains our top priority for construction consideration in 2019.’

Golden Minerals Enters Into Agreement for the Sale of Velardeña and Other Properties

Golden Minerals’ President and Chief Executive Officer, Warren Rehn, commented, ‘We are very pleased to announce this transaction, as its consummation will enable Golden Minerals to focus on moving our other existing projects forward, including the newly-acquired Sand Canyon gold-silver project in Nevada, the Yoquivo silver-gold project in Chihuahua State, Mexico, and the El Quevar silver project in Argentina.’

Alien Metals Exploration Update – Gold Found at Donovan 2

Peter Taylor CEO of Alien commented: ‘The presence of gold at Donovan 2 comes as no surprise given the Minera Frisco El Coronel gold mine is within ten kilometres of the project. With further exploration planned at Los Campos where the project adjoins Endeavour Silver’s El Compas gold mine and at San Celso, the subject of the company’s original AIM listing, Alien is delivering on its strategy of putting money into the ground and increasing confidence in the assets to potential joint venture partners.’

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