Acapulco Gold Corp. is pleased to announce that it has entered into a mineral exploration earn-in agreement with OZ Exploration Pty Ltd. and Minera Zalamera S.A. de C.V., pursuant to which Zalamera has granted an exclusive option to the Company and OZ Minerals, together as optionees, to acquire the Zaachila, Riqueza Marina, and Zapotitlan projects in Oaxaca, southern Mexico.
Canarc Resource Corp. announces that it has arranged and closed a flow-through equity financing of $500,000 with one institutional investor.
Aura Silver Resources Inc. announces that it has granted stock options for a total of 5,300,000 common shares of the Company to officers, directors and consultants of the Company. These stock options are exercisable at CDN $0.07 per stock option and will expire on April 23, 2022. These stock options vest over an eighteen month period following the grant date and are governed by the terms and conditions of the Company’s stock option plan.
Mexus Gold US announced that on Saturday, April 22nd, CEO Paul Thompson observed the first smelting of precipitate at its Santa Elena mine. This test run went well resulting in a small amount of dore. The crew will be fine tuning the temperature of the furnace, adjusting the flux mixture, and installing a more precise weighing system. These are normal steps for a start-up and wont take long to perfect. This is a hallmark moment for Mexus and marks what will be the first of many gold pours to come. added CEO Paul Thompson.
“This extension of our current low-cost, flexible credit facility, gives Capstone significant financial flexibility and right sizes the facility to meet our current and anticipated operating requirements,” said Darren Pylot, President and CEO of Capstone. “Our current drawn debt of approximately $300 million is comfortably within this amended availability and we have a cash balance of over $100 million.”
Brian Robertson, Chairman of the Board, stated, “We are pleased to change the name of the Company to Mexican Gold Corp. to more clearly identify the Corporation’s association with the location of its flagship Las Minas property and its strategy to explore and develop high quality mineral properties in Mexico.”
Santana Minerals Limited is pleased to announce recent diamond saw trenching results at the La Plata prospect some 2km north of the Jesus Maria prospect plus rock chip and diamond saw trenching results at the Santa Eduviges prospect south of the Mojardina prospect, all of which sit within the Companys Cuitaboca Project in Sinaloa, Mexico.
The first quarter production at Greens Creek and San Sebastian exceeded our expectations, more than offsetting the shortfall at Lucky Friday due to a strike by the union workers, said Phillips S. Baker, Jr., President and CEO. While our cost of sales increased over last year due to the higher throughput from the Casa Berardi open pit operations, our cash cost, after by-product credits, declined 73% over the first quarter 2016 to $0.84 per silver ounce. This strong operating performance allowed us to add $14 million of cash since the end of the year, marking the fourth consecutive quarter of increasing cash balances.
Silver Bull Resources, Inc. is pleased to announce the detailed voting results on the items of business considered at its Annual General Meeting of Shareholders held on April 19, 2017. A total of 99,341,550 or 55.84% of the Company’s issued and outstanding shares were represented at the Meeting. The following nominees, as listed in Silver Bull’s Management Information Circular, were re-elected as directors of the Company.
The report is in support of the updated Mineral Reserve and Resource estimates for the Bolivar Mine and includes:
Total Indicated Mineral Resources of 9,335,000 tonnes averaging 18.1 g/t silver, 0.90% copper and 0.30 g/t gold, 1.23% CuEq
Total Inferred Mineral Resources of 9,055,000 tonnes averaging 17.9 g/t silver, 0.86% copper and 0.33 g/t gold, 1.20% CuEq
Total Probable Mineral Reserves of 4,327,000 tonnes averaging 17.5 g/t silver, 0.85% copper and 0.31g/t gold, 1.18% Cu Eq
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