Geologix Explorations Inc. is pleased to announce that the Preliminary Economic Assessment on its 100% owned Tepal Gold/Copper Project located in southwest Mexico has been filed on SEDAR. The PEA results were previously disclosed in the Company’s news release dated January 19, 2017.
The discovery and evaluation to date of the Santa Rosa de Lima zone demonstrates very important potential in our operations at the Cusi Mine.We hope in the short term to have a better understanding of the 12 kilometerstructural extension containing the Santa Rosa de Lima zone stated J. Alonso Lujan, Vice President Exploration of Sierra Metals. Intercepts such as those returned in Cusi-6, Cusi-14 and Cusi-509 are common in epithermal deposits of bonanza (High grade). There is reasonable potential to expand the Santa Lima da Rosa zone todepth and along strike to the NW and SE as these areas have never been drill tested. We look forward to an exciting future exploring theSanta Lima da Rosa zoneand the surrounding district.
This is an exciting time for Mexus and our JV partner. We are close to beginning production on what is planned to be a very profitable 25 year mine. This will have been accomplished with very little debt, added Mexus CEO Paul Thompson.
Frederick Davidson, President, CEO, and Director of IMPACT, commented, “Last year was a historical year for IMPACT and all our employees and shareholders who have seen the company grow from a small restart miner explorer in Mexico to a silver producer celebrating a decade of operations at the Guadalupe production center. I would like to take this opportunity to congratulate and thank all of our staff and investors for their continued dedication to IMPACT. In 2016, our stock was one of the leading silver equities that achieved over 442% returns from an all-time low in the year. This was attributed in part to the rebound in silver prices and continued exploration which has been made possible from a key financing that will enable us to target new areas. We are excited to celebrate this milestone and hope to deliver even more shareholder value in 2017 and beyond.”
Perth based Lithium Australia re-wrote the corporate play book in the last couple of weeks to achieve unfettered ownership and control of their unique Lithium processing IP known as Sileach.
Managing Director Will Dix said with the bullish global prices for zinc, the time was right to consider options for fasttracking production. The scoping study will assess mining and infrastructure options, including re-establishing past mine operations, and refurbishing and expanding an existing onsite processing plant, targeting a throughput of 200 tonnes per day, or approximately 75,000 tonnes per annum, Mr Dix said.
Adrian Griffin, Managing Director of Lithium Australia commented: We are pleased with the outcome which allows Lithium Australia to pursue its strategy of building a global lithium business without unnecessary distractions or legal impediments. We can now continue with the business of delivering further positive results for our shareholders.
SOURCE EXPLORATION CORP. is pleased to announce the commencement of a diamond drill program for the Las Minas gold – silver – copper project located at Veracruz, State, Mexico. The program will include an initial 2,000 to 3,000 metres of infill and step-out diamond drilling at the El Dorado – Juan Bran mineralized zone, with the objective of expanding the zone and completing a maiden NI 43-101 resource estimate in early 2017.
Jim Williams, Chief Executive Officer of Arian Silver commented: We remain excited by the prospects of our existing portfolio of silver projects in Mexico and are committed to assessing the viability of their development. We are also keen to reach a definitive conclusion on the advancement of the Noche Buena tailings project as soon as possible once we have received the final test results. Meanwhile, we are working to identify new opportunities which we believe would add shareholder value, and we shall report on further progress in due course.
“With our corporate strategic focus being concentrated on our two producing projects, Veta Grande and Rosario, the El Gachi Property became a non-core asset in our mineral property portfolio.” stated Arturo Préstamo, President and CEO of Santacruz. “As such we are pleased to enter this transaction with First Majestic which allows us to monetize our investment, pay down debt, and provide additional working capital for our core operations.”
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