Santacruz Silver Mining Ltd. reports that further to its news release dated July 28, 2017, the Company announces the closing of a second and final tranche of its non-brokered private placement. The second tranche closing consisted of the issuance of 200,000 units at a price of $0.20 per unit.
Cardero Resource Corp. reports the resignation of Henk van Alpen as President and CEO and the appointment of Stuart R. Ross as President and CEO with immediate effect. Mr. van Alphen will remain as a director of the Company.
Resource drilling at Tres Amigos successfully intersected massive sulphide mineralisation at the target horizon.
Results up to 34.7% Zn + Pb.
Mineralisation confirmed to be fresh sulphides with high zinc and low lead content (Zn/Pb ratios of 8-12:1).
Metallurgical testwork at Tres Amigos shows a high recovery of zinc to concentrate.
Southern Silver Exploration Corp reported today that the Company has received approval from the TSX Venture Exchange to extend the final closing date of its previously announced brokered private placement until September 15th, 2017. As announced on June 13th, 2017, the Company has already closed the first tranche of the Offering by issuing 6,372,500 units for a total of $2,549,000.
Starcore International Mines Ltd. announces production results for the first quarter of fiscal 2018, ended July 31, 2017, at its San Martin Mine in Queretaro, Mexico and the Altiplano Gold Silver Processing Facility in Matehuala, Mexico.
Kootenay President and CEO James McDonald states, The discovery of a mineralized zone of this magnitude and strength of veining in the world-class Parral mining district is a highly significant development for the company. The large-scale nature and intensity of the mineralized zone offers exceptional future growth potential and is characteristic of other major silver deposits in the district such as the San Francisco Del Oro and Santa Barbara mines located closely to the immediate south.
GREAT PANTHER SILVER LIMITED announces the appointments of Matthew Wunder as Vice President Exploration and Brian Peer as Vice President Operations, Mexico. While Mr. Wunder has already joined the Company, Mr. Peer’s appointment will be effective on August 20th.
Bradford Cooke, CEO of Endeavour Silver, commented, We continue to intersect encouraging results in the La Luz vein on the Terronera property. Although narrower than the Terronera vein, mineralization in the La Luz vein is much higher grade, more gold rich, and shallower in depth compared to the Terronera vein, which was the basis for the recent pre-feasibility study. Several other veins hosting surface high-grade mineralization at Terronera are also scheduled for drilling over the next two years.
J. Duane Poliquin, Chairman of Almadex commented, Since the Norte Zone discovery we have been carrying out a systematic drill campaign to define this target. To date the program has been based on large step-outs which have yet to define the limits of mineralisation. Future Norte drilling will also focus on defining the high grade zone that is emerging from the drilling results. Continuous mineralization in hole 29 starting close to surface and continuing for over half a kilometer shows the Norte Zone is developing significant tonnage as well as good grades. Elsewhere on the project first pass Encinal Zone drilling is complete and while we await assays from this work a drill is now being moved to the newly discovered Raya Tembrillo target within the large Villa Rica zone for the very first drill hole there.
Azures Managing Director, Mr Tony Rovira said, Throughout 2017, Azure has had the clear focus to acquire the next flagship project for the Company. This was all about getting the right project for the right deal, and with this acquisition we have done just that. Projects of this quality are rare and keenly sought after, and Im pleased that we have succeeded in acquiring the advanced stage, precious and base metal project that weve been seeking.”
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