Bacanora Minerals Ltd., the London and Canadian listed lithium exploration and development company, announces that Martin Vidal, President and a Director of the Company, has resigned the foregoing positions, effective 30 November 2017. Mr. Vidal will remain with the Company in an advisory/consultancy capacity going forward.
The second set of results of the drill program have continued to confirm previous drilling providing confidence in the robustness of the block model, said Greg McCunn, Chief Executive Officer. The drill program was primarily designed to supply a variety of rock types and grade to allow the creation of composite samples intended for the metallurgical test program. The samples from the drill core are representative of the material within the proposed pre-feasibility pit and will undergo metallurgical testing with results to be incorporated into the DFS. The DFS is currently underway and on track to be completed in the second quarter of 2018.
Endeavour Silver Corp. announces that exploration drilling on the Calicanto property in Zacatecas State, Mexico has discovered high grade silver-gold mineralization assaying up to 2,043 grams per tonne silver and 13.2 gpt gold over 2.8 m true width within the Calicanto and Misie vein systems.
Orex’s President, Gary Cope says, “Acquisition of the Cordero Project gives Orex a third quality asset, with upside exploration potential, in the prolific Silver Trend of north-central Mexico.”
Avino Silver & Gold Mines Ltd. is pleased to announce it has received conditional approval from the Toronto Stock Exchange to graduate from the TSX Venture Exchange and list its common shares and its warrants on the TSX. Each whole Warrant is exercisable to purchase one additional Share at an exercise price of US$2.00, subject to adjustment, until November 28, 2019.
Mexus Gold US announced that the new Merrill Crowe gold recovery system has been installed and is fully operational at the Santa Elena mine. Mexus and its JV partner, MarMar Holdings, successfully tested the system December 3rd.
High grade zinc assaysfrom sampling has been confirmed from the first underground mapping and sampling at the nearby Juarez Mine;
Assay results returned grades up to 42.72% Zn+Pb and 26.92% Zn+Pb from mineralised exposures within the southern workings of the mine.
Additional results are pending from sampling in the northern end of the mine
Juarez has potential to increase the current resource estimate located near the mine infrastructure
Additional high grade assays up to 34.96 % and 28.55% Zn+Pb returned from regional exploration sampling at Alfonsitos and Mina Mexico respectively.
Primero Mining Corp. today announced that the Company has agreed with its lenders to an extension of its revolving credit facility and guarantee provided by Wheaton Precious Metals Corp., previously maturing on December 1, 2017. The maturity of the RCF has been extended to December 15, 2017, providing the Company with the ability to continue negotiations surrounding its previously announced strategic review process and the possible divestiture of its San Dimas mine in Mexico. There can be no certainty that these discussions will result in a resolution acceptable to all stakeholders.
Mr. Jurgensen was first elected to the Corporations board of directors in June of 2005, and served as its President and CEO from June 2010 to June 2016. Mr. Jurgensen has been a member of the Corporations audit committee since 2005.
Pierce Carson, CEO commented, We are pleased to have concluded the purchase of the SDA Mill and wish to thank Rose for their efforts in effecting a smooth transition of assets and personnel. We are delighted to welcome Rose as a major shareholder of Magellan.”
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