The production increase was driven by a full quarter of production from the Santa Gertrudis high grade zone recently discovered and improvements at Parral. The Santa Gertrudis high grade material represented approximately 50% of the quarterly production. The Company continues processing the high grade material during the construction of the vat leach plant.
Millrock Resources Inc. announces it has entered a strategic alliance agreement with Centerra Gold Inc. Under the Alliance Millrock will execute generative exploration and evaluate prospective properties to develop gold exploration projects. Centerra will provide funding of at least US$250,000 this year.
Torex Gold Resources Inc. is pleased to announce the results of the first portion of its drilling program under the El Limon Sill. Highlighted intercepts from the El Limon Sill exploration program include 317.8 g/t Au over 3.4m in borehole SST-01, 230.7 g/t Au over 2.4m in borehole SST-19, 19.6 g/t Au over 9.6m in borehole ST-25, 22.6 g/t Au over 13.3m in borehole SST-27 and 83.3 g/t Au over 4.3m in borehole SST-34.
Riverside Resources Inc. is pleased to provide an overview of the Company’s goals and growth plans for the coming year. Riverside enters 2017 with approximately $3,500,000 CAD in cash and less than 37,500,000 shares outstanding. The Company will aim to build on the successes achieved during 2016.The list below outlines some of the key catalysts and corporate growth plans for 2017:
N. Eric Fier, President and CEO, stated: John brings a wealth of technical and corporate expertise from a 40-year career with emphasis on underground mine construction and operations in Mexico and South America. His success on technical, corporate and market matters will further enhance our current Board. As the Companys successful exploration progresses at the Las Chispas Project in Mexico, Mr. Wrights skill set in underground mining will be critical for project development.
Primero Mining Corp. today announced that is has received formal notification from the New York Stock Exchange of its non-compliance with the exchange’s continued listing standards for minimum trading price.
President and CEO, John-Mark Staude, stated: We are pleased with the progress of our Prospect Generator business and excited at the prospects for a new discovery and further value creation and portfolio strengthening in 2017. The Thor, Glor and Clemente projects will all deliver partner funded activity, with results from at least two drill programs in the year ahead. We will layout our goals early in 2017 and have the team in place pushing for transformational mineral discoveries. Riverside is in a much better place entering 2017 than a year ago and we are keen to capitalize on the momentum with several catalysts early in 2017.
Santacruz Silver Mining Ltd. reports that it has terminated the previously announced agreement in connection with the Company’s sale of the San Felipe Project to the Hermosillo Group. No payments pursuant to the Transaction have been made to date. Discussions have been on-going with respect to revised payment terms however this process has not led to a payment schedule acceptable to the Company and therefore the agreement has been terminated by the Company.
J.D. Poliquin, chairman of Almaden stated, “Today’s results once again show the presence of the high grade veins on the Tuligtic project. While we are now focussed on developing the Ixtaca deposit into a significant precious metals producer in Mexico, and are currently busy with engineering work and studies towards producing a PFS, this exploration drilling demonstrates additional resource potential both laterally and, because we are at the top of a fully preserved epithermal system, future exploration drilling will also test for feeder veins beneath the Ixtaca sheeted vein zone.”
Sonoro Metals Corp., is pleased to announce that it has closed the sale of the Companys Chipriona project in Mexico to Agnico Sonora, S.A. de C.V., a subsidiary of Agnico Eagle Mines Limited; the details of which are disclosed in the Companys news release dated December 14, 2016. Sonoro has now received the first payment under the assignment agreement with Agnico in the amount of $650,000. Three additional sequential installments of $650,000, $800,000 and $1,900,000 respectively are due and payable over the coming months following registration of title at Mexicos Public Registry of Mining, commencing with the registration of title from the original vendors through to final registration under Agnico. This disposition by the Company has been accepted for filing by the TSX Venture Exchange.
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