Primero Mining Corp. today announced that the Company has entered into an agreementwith Argonaut Gold Inc. to sell its Cerro del Gallo development project located in the state of Guanajuato in central Mexico.
During the third quarter of 2017 San Dimas continued to implement its production ramp-up plan following the strike action taken by unionized employees which concluded in Q2 2017. The production ramp-up experienced significant delays due to persistent issues with underground equipment reliability, which impacted development rates and underground stoping activities. Further, production in July 2017 was limited due to periods of inactivity during the negotiation of the 2016 annual workers’ bonus. Since the conclusion of these negotiations, the site has experienced an improvement in worker alignment.
Managing Director Will Dix said while the Scoping Study confirmed the viability of Plomosas as a 100,000tpa zinc project, it also highlighted the opportunity to move to larger-scale operation. Commencing small-scale production next year is certainly a viable option to generate short-term cashflow with the aim of moving to more significant production within two to three years, Mr Dix said.
Telson Resources Inc. is pleased to announce it has delivered its first Campo Morado produced zinc concentrates to Trafiguras warehouse in Manzanillo, Mexico. Since re-starting operations at Campo Morado just three weeks ago the Company is happy to report that the mill is operating from October 29, 2017 on a 24/7 continuous basis and up to November 5, 2017 had produced more than 800 tonnes of zinc concentrate and more than 250 tonnes of lead concentrate.
El Presidente de la Cámara Minera de México, CAMIMEX, Daniel Chávez Carreón, reconoció a Sonora como el estado número uno en el desarrollo minero en el país, al ser principal productor de oro, cobre y molibdeno.
Minera Saucito, ubicada en Fresnillo, ocupa el primer lugar en producción de plata a nivel mundial con 21.9 millones de onzas, ello de acuerdo con The Silver Institute, lo que implica movilidad económica para el estado, sostuvo Juan de Dios Magallanes Quintanar, director de Minería de la Secretaría de Economía.
Palamina Corp. has today announced that Jose Vizquerra-Benavides has resigned from the board of directors and will continue his support as a member of Palaminas advisory board. Palamina thanks Mr Vizquerra-Benavides for his support and advice as a director and welcome him as an advisor. Mr. Alistair Waddell, a director of Palamina, has agreed to become a member of the audit committee and assume Mr. Vizquerra-Benavides responsibilities.
George Paspalas, President and CEO, commented, “With the new resource and PEA just announced, we are more excited than ever about the future, and we continue our focus working with Fresnillo over the next few months to complete the feasibility study and drive ahead with a formal production decision. At the same time, we look forward to ongoing exploration on the property aimed to further expand the Deep Zone and to test other promising regional targets on the essentially unexplored joint venture ground.”
President and Chief Executive Officer Allan Barry Laboucan said: With the staking of these new areas we have built up an enviable portfolio of 100 per cent owned prospective lithium salars. Our land holdings now cover over 1 million acres, in two excellent infrastructure rich areas. Historical work and brine extraction by Sulfatos de Viesca from the Viesca salar was confined to the upper 100 metres, the possibility therefore exists that lithium-rich brines exist deeper in the salar. We are looking forward in the near future to an exploration program to identify and confirm lithium bearing brines in these new areas. We are also moving ahead with work to understand the chemistry and leaching characteristics of our Zacatecas salars, we hope in the near term to reach the pilot-plant testing stage as quickly as possible. Our long-term goal is to try to become one of the lowest cost producers of lithium, aided by our fertilizer chemicals as potential credits. Our exploration costs are low and we expect the same when we look toward the development of our lithium salars.
Evrim Resources Corp. announced that its board of directors and the TSX Venture Exchange has approved a new fixed incentive stock option plan. Upon adoption of the Fixed Plan the Company cancelled its long-term cash bonus plan.
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