Mining company accused of violations
Non-governmental organizations have accused a Canadian mining company of conducting exploration in Puebla without environmental permits.
Non-governmental organizations have accused a Canadian mining company of conducting exploration in Puebla without environmental permits.
Canasil Resources Inc. announces assay results for drill holes ES-17-16 and ES-17-17 of the 2016-17 core drilling program at the La Esperanza silver-zinc-lead project in Durango and Zacatecas States, Mexico. These drill holes intersected multiple silver-zinc-lead mineralized intercepts reporting both wide as well as high-grade intervals from the La Esperanza vein, indicating a strong mineralized system which remains open along strike and to depth.
GREAT PANTHER SILVER LIMITED announces that Robert Archer, President and CEO, has advised that he will be stepping down during 2017 and will work with the board of directors to find his successor. Accordingly, the Board has retained a globally recognized recruitment firm to conduct an executive search for a new President & CEO who will maximize the Company’s growth opportunities over the next five to seven years. Mr. Archer will remain in his current executive role until a suitable successor has been appointed, and thereafter as an ongoing member of the Board.
Southern Silver Exploration Corp. reported that at its annual general meeting held on March 30, 2017 the following directors were re-elected: Lawrence Page, Q.C., D. Roger Scammell, Eugene Spiering, Nigel Bunting, Larry Buchanan, Peter Cheesbrough and Donald Head. In addition, the shareholders re-appointed Smythe LLP, Chartered Accountants, as auditor of Southern Silver and approved Southern Silvers rolling incentive stock option plan pursuant to which a maximum of 10% of the issued shares will be reserved for issuance under the plan. The plan is subject to TSX Venture Exchange acceptance.
Alset Energy Corp. is pleased to announce that it will be changing its name to Alset Minerals Corp., while keeping its current stock symbol. The name change reflects the company’s broader focus and commitment of developing its Mexican salar projects, which can potentially serve a wide spectrum of agriculture, chemicals and industrial minerals markets, in addition to its lithium focus.
Galore Resources Inc. is pleased to announce that it is nearing completion of a geological mapping and sampling program on the San Jose and Los Gemelos claims on the Companys 20,000 hectare (49,420 acre) Dos Santos project in Mexico. The Company is moving efficiently and effectively in developing its new exploration model through field mapping, sampling and integrated structural analysis.
Commenting on the quarterly performance, Chief Executive Officer, Greg McCunn, said, The San Francisco mine had a very strong first quarter of the year with gold production ahead of guidance due to operational improvements made in the crushing and leaching circuit resulting in better gold recovery and the initiation of a project to recover gold from a previously closed leach pad. While these improvements are expected to allow us to achieve the upper end of our annual guidance of 70,000 to 75,000 ounces for 2017, we are continuing to re-engineer our life-of-mine plan for San Francisco and expect to publish the updated plan this quarter. We are excited about the potential to improve upon the existing plan for 2018 to 2022.
Levon Resources Ltd. announces that it plans 5,000m (28 core holes) in close spaced, infill drilling within the Cordero Felsic Dome portion of the 2014 Cordero resource, to test for near surface, high grade mineralization within the modeled open pit containing the 2014 Resource, calculated by Independent Mining Consultants. Preparations for the drill program are being completed for an April 2017 start up.
Geologix Explorations Inc. is pleased to announce that it has retained Eight Capital to act as lead agent, on behalf of a syndicate of agents, to offer for sale, on a “best efforts” private placement basis, units of shares and warrants of the Company to be structured and priced in the context of the market, for total gross proceeds of up to $3,000,000. The net proceeds of the Offering will be used for exploration and development expenditures at the Company’s Tepal Gold/Copper Project, working capital and general corporate purposes.
Fortuna Silver Mines Inc. today provided an update on the ongoing regulatory review of the Companys 2015 annual filings by the United States Securities and Exchange Commission and announced the issuance of a management cease trade order by the British Columbia Securities Commission and other Canadian provincial securities regulatory authorities.
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