Carlos Silva, COO of Santacruz, stated “This drill program will allow Santacruz to establish a maiden resource estimate on the Veta Grande vein in the first half of 2018,” Mr. Silva continued “Following this Phase 1 program the Company’s plan is to broaden the exploration program along the northern strike of the Veta Grande vein as we are eager to test the strike extent of this important historical vein system.”
The proceeds of these Financings will be used for ongoing drilling program, maintenance fees and option payments on the Companys Samalayuca Copper Project, and for fees and work related to its Cumeral and La Tuna projects in Mexico, general administration costs in Canada and Mexico and for working capital.
Thomas Atkins, President and CEO of Mammoth, commented on the initial drill results stating: We’re very pleased with these initial results! The objective of this drilling is to test for the first time the depth extension of surface mineralization along a 6 kilometre trend identified by Mammoth. These initial results begin to confirm the continuity of potentially economical surface mineralization at depth along this trend.”
Leagold CEO Neil Woodyer stated: Leagolds growth strategy in Latin America started with the acquisition of the Los Filos mine in Mexico in April 2017 from Goldcorp, and we have a clear objective of building Leagold into a leading, intermediate gold producer in Latin America. This strategy focuses on acquiring operating gold mines and projects nearing construction, post-acquisition asset optimization, and unlocking value.”
Kootenay President and CEO James McDonald stated “La Borracha is a very exciting target with the potential to add a significant number of new ounces to our resource. The zone has been traced on surface from the resource northward for at least 1,100 meters and the latest hole CC-17-37 indicates good grades and widths. The zone has seen very limited drilling and we are eager to commence the next round of drilling in the first half of February. “
Levon Resources Ltd. announces a non-brokered private placement for C$800,000 through the issuance of units of the Company at a price of C$0.35 per Unit. Each Unit will consist of one common share and one half of a share purchase warrant, with each whole warrant entitling the holder to acquire one common share of the Company at a price of C$0.50 per common share for a period of two years from the closing of the Placement.
N. Eric Fier, CPG, P.Eng and CEO, remarked: 2017 was a very successful year for SilverCrest with multiple high-grade discoveries at Las Chispas. We have now drilled over 40,000 metres in the district with our current focus on increasing the high-grade footprints of the Babicanora, Las Chispas, and Giovanni veins in preparation for the upcoming maiden resource in Q1. The Babicanora Vein will be the largest contributor to the resource with an impressive high-grade precious metal footprint of over 1.0 kilometre in strike length. Even with our aggressive exploration program in 2017, we have only partially drill-tested 3.5 kilometres of the known 12 cumulative kilometres (19 epithermal veins) in known vein strike length. After the announcement of the maiden resource in Q1 2018, we hope to continue to add value through further in-fill and expansion drilling, complete an updated resource in H2 of this year, and complete a Preliminary Economic Assessment (PEA) in H2 as well. Lastly, I would like to thank all of our shareholders and communities for their continuing support and we are looking forward to another exciting year for the Company.
Our Oaxaca Mining Units operations team delivered another year of solid production results for 2017, Gold Resource Corporation CEO and President, Mr. Jason Reid, stated. In addition to achieving annual precious metal production targets, the team successfully targeted and mined base metal rich areas of the Arista mine to take advantage of multi-year high base metal prices which generated substantial additional revenue for the year…”
Brian Robertson, President and CEO commented, These high grade drill results over significant widths continue to expand the mineral resource and increase the grade for the El Dorado/ Juan Bran zone. The expanded resource and higher grades will have a positive impact on an updated resource estimate. The discovery of the high- grade dike contact mineralization also provides a model for exploring additional dike contact zones that are known to exist on the property.”
We made great progress in 2017, stated Brendan Cahill, President and Chief Executive Officer. We removed a major bottleneck at Platosa and began ramping up production, with another solid quarter in Q4 demonstrating stable production under dry mining conditions. We have more work to do though, as we are working through normal course transitional issues as we ramp up to higher production rates.
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