Bacanora Lithium drops $100m placing for Mexico project
“Challenging market conditions have led us to take the decision not to proceed with the placing at this stage, said CEO Peter Becker.
“Challenging market conditions have led us to take the decision not to proceed with the placing at this stage, said CEO Peter Becker.
Mammoth Resources Corp. (TSX-V: MTH) would like to correct an error in the press release issued earlier today. The release inadvertently reported under the heading “Other Corporate News”, first paragraph, having issued: “1,8400,000 common shares” of the Company as part of a debt settlement, whereas this should have stated the Company issued “1,840,000 common shares” of the Company. Mammoth apologizes for any confusion this may have caused any readers.
El próximo mes de octubre Clúster Minero de Sonora A.C. recibirá el Distintivo Promotor RSE que otorga el Centro Mexicano para la Filantropía (Cemefi) y la Alianza por la Responsabilidad Social Empresarial (AliaRSE), que acreditan a la asociación como impulsora de políticas de Responsabilidad Social Empresarial entre sus empresas mineras, proveedoras y contratistas socias.
Our exploration team continues to do an excellent job expanding the Arista Mines multiple vein systems, stated Mr. Jason Reid, President and CEO of Gold Resource Corporation. While the Switchback vein system continues to extend on strike, it is great to see new veins being discovered at the Arista vein system as well. We have a powerful epithermal system with a great mine and a lot of growth potential in front of us.
Gregory Beischer, Millrock President & CEO commented: We have plenty of potential catalysts to improve the Millrock share price through the discovery of valuable resources. Millrock continues to be a prolific generator of new projects that attract funding of major and junior companies alike.
Taj Singh, P.Eng, President & CEO, states, “These new assay results from San Jose are the highest grades we’ve seen to date at the Project. These, along with the strong sampling results received over the past several months from our sampling program at Puerto Rico, have continually reaffirmed its potential as a world-class carbonate replacement deposit. The results are bringing the Project into focus, with several very strong drill targets emerging. Our understanding of the system has greatly increased since the beginning of the sampling program and we continue to expect drilling commencement in 2H 2018, once our surface exploration and drill targeting work is completed.”
We are pleased with our second quarter production results, our silver equivalent production increased by 6%, because our copper production increased by 31%. said David Wolfin, President and CEO. We will continue to process historic stockpile material through Mill Circuit 4 until the end of the year, and then we anticipate transitioning to processing newly-mined mill feed from the San Luis area of the Avino Mine.
Update on exploration activities and results for the Oposura, Sara Alicia and Alacrán Projects.
We are excited to have discovered what appears to be the southern extension of the historic Promontorio-Quintera vein. This significant vein is abruptly cut-off by a fault while still in high-grade mineralization. The extension has the potential to host virgin mineralization at depth and at grades similar to those that were historically mined, stated Darrell Rader, President and CEO of Minaurum.
The Canadian mining firm First Majestic Silver Corporation has announced the temporary suspension of work at its México state silver mine La Guitarra, located in the municipality of Temascaltepec.
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