“All three of our mines produced according to plan in the second quarter,” said Darren Pylot, President and CEO of Capstone. ” Pinto Valley set new quarterly, monthly and daily throughput records after returning to full operations from the heavy rain and maintenance activities early in the year.”
During the quarter, silver production was impacted by unusual efforts by unionized workers to illegally disrupt mining activities which caused minor stoppages at La Parrilla, Santa Elena and a more serious stoppage at our La Encantada operation, said Keith Neumeyer, President & CEO. Pointing to a specific cause is difficult whether due to higher gasoline prices or higher taxes in Mexico but worker dissatisfaction among union employees throughout the Mexican mining industry is at the highest levels witnessed in the Companys fifteen year history.
Allan Barry Laboucan, President and CEO of Alset said: Management has been impressed with the success we have had with the exploration of our original group of salars. As previously reported from the work on our original group of salars we have found high-grade lithium-potassium in some of those salars, they are in a mining friendly jurisdiction with excellent infrastructure. Alset currently has a large number of brine and soil samples being processed, the company decided that this would be an appropriate time to acquire further salars in the area. We are fortunate to be involved in a sector that will be crucial for the energy industry with lithium needed for energy storage and having the bonus of potassium crucial for the production of fertilizers needed for farming in Mexico. With our new acquisitions, we will have a 100% interest in a group of salars that span an entire province.
Robert Macdonald, Vice President of Exploration stated The identification of such a thick interval of new copper-enriched mineralization in hole 17CLM-098 is tremendously encouraging and continues to further highlight the potential to both expand the current and develop new mineral resources on the margin of the Central Intrusion.
The program, operated by Pan American, will total approximately 4,055 meters of core drilling over 25 holes. Drilling will focus on brownfield targets and consist of primarily infill drilling as well as step out holes to depth.
The net proceeds of the Private Placement will be used by Silver Bull for general working capital purposes and exploration of the Sierra Mojada Project. The Company paid an aggregate cash commission on the initial tranche of CDN$100,744, in addition to issuing an aggregate of 1,259,300 non-transferable common share purchase warrants. Each Finders’ Warrant entitles the holder thereof to acquire one Common Share for CDN$0.10 until the second anniversary of the closing of the initial tranche of the Private Placement.
The Company is highly encouraged by the overall results of the drill program at Mojardina with a new zone of mineralisation identified at the southern extent of the structure and expansionary drilling below Evangelina and Las Animas confirming mineralisation remains open at depth and along strike. Each of the three RC drill programs undertaken at the Mojardina prospect have added significantly to its advancement and delivered material results that confirm the potential for a near surface, bulk tonnage silver resource.
En vísperas de celebrar mañana 11 de julio el Día del Minero, autoridades universitarias y de la minería nacional, realizaron la inauguración del X Diplomado en Prevención de Riesgos de la Industria Minera 2017, evento que tendrá como sede la Universidad Autónoma de Zacatecas (UAZ).
Telson Resources Inc. is pleased to announce that it has entered into a mineral processing agreement with Compañia Minera de Atocha, S.A. de C.V., the owner of the Atocha mineral processing plant for the processing during 2017 of at least 21,000 tonnes of Tahuehueto ore.
Igor Gonzales, President and Chief Executive Officer of the Company, stated “the listing of our common shares on the NYSE MKT represents an important corporate milestone for Sierra Metals and another step in our plan to enhance shareholder value by increasing stock liquidity and exposure to institutional investors”.
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