Bacanora CEO Peter Secker said, “Securing access and surface rights for the large and scalable Sonora Project represents another major milestone towards delivering on our objective to develop a world class lithium mining operation at Sonora. Today’s news closely follows the recent Sonora Government Environmental Approval for the Sonora Lithium Project.”
Palamina Corp. today announced the nomination of Alistair Waddell to the board of directors and appointed Donald Mc Iver and Yury Valdivieso to senior management positions. Donald McIver joins Palamina as its new V.P. of Exploration and Yury Valdivieso as Exploration Manager for Peru.
Riverside Resources Inc. is pleased to announce an update of the exploration work being done at the Glor Gold Project in Sonora, Mexico. Positive results obtained by Riversides summer program of geological mapping and rock sampling (up to 14.4 g/t Au) have encouraged partner, Centerra Gold Inc. to work up additional geophysical and extensive soil geochemistry surveys designed to focus the selection of drill targets in the central part of the Project. Centerra has been funding exploration at Glor since August, 2016, having entered into an option agreement with Riverside to earn a 70% interest in the Project.
San Marco Resources Inc. announces that it has completed its private placement financing announced September 29th, 2017. A total of 8,444,444 units were issued at $0.18 per Unit for gross proceeds of $1,519,920, a greater than 20% increase over the original financing target of $1,260,000. Insiders of the Company acquired 1,190,000 (over 14%) of the Units issued in this financing.
The recent shining on lithium has put other battery technologies – such as zinc – in the shadows, even though they have been around for generations. When it comes to disposable batteries, carbon zinc has undoubtedly proven its value, though the technology for a time was less successful when applied to rechargeable batteries. Recharging causes the formation of sharp-edged zinc dendrites that pierce the separation between anode and cathode and cause the battery to short-circuit. However, a team at the Naval Research Laboratory in Washington, D.C., has found a way to avoid dendrite buildup by making the anodes with a sponge-like structure, and zinc carbon is set to enjoy a renaissance.
Endeavour Silver Corp. announced today the appointment of Galina Meleger as Director of Investor Relations. Ms. Meleger has over 10 years diverse experience in investor relations and corporate communications for publicly traded companies in the resource sector. Galina will be working with the senior management team to elevate the visibility of Endeavour Silver in the capital markets in order to maximize shareholder value.
Prospero Silver Corp is pleased to provide an update on planned drilling of the 430 hectare Bermudez project in northwest Chihuahua close to the border with Sonora in northern Mexico. The Company is planning to drill test Bermudez as part of its on-going 6,950 m reconnaissance drill campaign funded by strategic partner Fortuna Silver Mines Inc.
Gold Resource Corporation reported production results for the third quarter ended September 30, 2017 of 6,465 ounces of gold and 392,153 ounces of silver, which along with base metal revenue generated $31.1 million in net revenue and $4.6 million in net income for the quarter. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, U.S.A. The Company has returned $110 million to its shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers its shareholders the option to convert their cash dividends into physical gold and silver and take delivery.
J.D. Poliquin, chairman of Almaden stated, “These results again show the continuity of the Ixtaca Zone gold silver mineralisation. We are focussed on developing the Ixtaca deposit into a significant precious metals producer in Mexico, and engineering work and studies on a Feasibility Study are progressing well. We are at the top of a fully preserved epithermal system and over the next several months exploration drilling will also test for additional vein zones beneath alteration elsewhere on the project.”
Silver Spruce Resources Inc.announces that it has closed its current non-brokered private placement and raised gross proceeds of $132,500.00. The offering will consist of the issuance of 2,650,000 shares and 2,650,000 warrants.
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