Arian Silver Corporation is pleased to announce high-grade silver results from the recently completed surface sampling and geological mapping of its wholly-owned San Celso project located in central Zacatecas State, Mexico.
Commenting on the appointment, the Companys Non?Executive Chairman, Mr Stephen Copulos, said: We are excited to have Eduardo join the Company as we move to re?establishing expanded production at the Plomosas zinc mine in Mexico. He has considerable experience as a director and senior executive and brings extensive mining and project construction experience as well as an understanding of the Latin American mining culture to the Company.
“Alamos had a breakthrough year in 2016. With a record fourth quarter, we produced 392,000 ounces of gold for the year. We also achieved a significant reduction in our operating costs and capital spending which resulted in strong free cash flow growth from our operations. With stronger production and lower costs expected in 2017, this is a trend we expect to continue,” said John A. McCluskey, President and Chief Executive Officer.
Vangold Resources Ltd. is pleased to announce that it has entered into an asset acquisition agreement made effective December 16, 2016, with Exploraciones Mineras Del Bajio SA de CV to acquire a 100% interest in the El Pinguico property. The Property consists of two mining concessions covering 71 hectares, located approximately 5km southeast of the City of Guanajuato in Guanajuato State, Mexico, and contains the historic El Pinguico-Carmen silver-gold mine. The acquisition is at arm’s length.
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.
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