Lithium Australia have increased their interest in the Electra Lithium clays joint venture in Mexico ahead of a 3,000m drilling program scheduled to begin next week.
Alta Vista Ventures Ltd. is pleased to report that it has completed the final cash payment to High Eye Aerial Imaging, finalizing the acquisition of its 100% interest in the company. The cash payment of $100,000 paid off a Promissory Note that was part of the purchase arrangement for High Eye Aerial Imaging. Alta Vista is the owner of both Pioneer Aerial Surveys and High Eye Aerial Imaging. Management is also actively pursuing additional acquisitions in the UAV sector that will complement Alta Vistas growing portfolio of well positioned and undervalued UAV technology leaders.
Alset Energy Corp. is pleased to announce that having completed an environmental report and an application for drilling, the Company has received the necessary permits to commence drilling at its La Salada lithium project near Zacatecas, Mexico. The Company is now in the process of securing drill crews and site personnel and is expecting to commence drilling in early April.
Canasil Resources Inc. announces that the Company has received assay results for three additional drill holes, ES-17-13, ES-17-14 and ES-17-15, of the 2016-17 core drilling program at the La Esperanza silver-lead-zinc project in Durango and Zacatecas States, Mexico. All three drill holes intersected mineralized vein structures with results detailed in the table below. ES-17-13 was a 90-metre step-out to the northwest from prior vein intercepts, and ES-17-14 and ES-17-15 were each 50-metre and 100-metre step-outs below the previously identified southeastern zone of the La Esperanza vein. These drill holes have extended the confirmed intercepts of the La Esperanza vein to approximately 335 metres along strike and to a depth of 425 metres below surface. All three holes appear to have crossed or passed close to faults located to the northwest and southeast of the central zone of the La Esperanza vein…
We laid the foundations in 2016 for a significant transition in Excellons fortunes over the course of 2017, stated Brendan Cahill, President and Chief Executive Officer. We materially advanced and are now near completion of our optimization plan at Platosa, which has already proven effective and promises to improve mine production and costs during the latter half of 2017, with dry mining conditions at Platosa expected to be achieved finally during Q2 2017. We expect to have an update on drawdown rates in the near term as more data are collected. Production during 2016, though certainly below mine potential, only minimally depleted Platosa mineral resources, leaving more high-grade resources to mine at higher-rates and lower costs under dry mining conditions in the coming years. Additionally, our resumption of exploration at Platosa has delivered high-grade and near-term accessible mineralization…”
Starcore International Mines Ltd. announces that it has closed the sale of its San Pedrito Property, a non-core asset located in Queretaro, Mexico for C$13.50 million* (MXN$ 192,784,331).
In September 2016 the Company completed a 590 line kilometer airborne magnetic geophysics survey over the main deposit at Sierra Mojada targeting structures at depth. In addition, over 20,000 meters of drill core was re-logged over areas of high interest and a new structural model developed for the main deposit. This work identified a number of deep structures coincident with known high grade historical silver and zinc mines in the area and were the main targets for the drill program.
Pan American Silver Corp. today filed on SEDAR an updated technical report with respect to its Dolores property in Chihuahua State, Mexico. The Dolores Report has been prepared to provide current information about the Dolores property, which has resulted from: mineral resource and reserve delineation drilling; updated mineral resource and mineral reserve estimates; and an expansion of the Dolores mine currently underway to include a pulp agglomeration treatment option of the ore and an underground mine to extract ore from beneath the planned pit limits.
Riversides President and CEO, John-Mark Staude, stated: We are very encouraged by the initial trenching results completed to-date at the Glor Gold Project. The nature of the gold mineralization and associated alteration at the newly discovered Pitaya gold zone is consistent with the orogenic gold model we have been using to explore the Project. We are pleased to be working with a partner of Centerras caliber and look forward to completing our first drill campaign at Glor in the near future.
Argonaut Gold Inc. is pleased to announce that the syndicate of underwriters led by BMO Capital Markets have partially exercised their over-allotment option to acquire an additional 2,050,000 common shares of the Company at a price of C$2.40 per Common Share for additional gross proceeds of C$4,920,000.
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