Starcore International Mines Ltd. announces production results for the fiscal 2016 second quarter, ending January 31, 2016, at its San Martin Mine in Queretaro, Mexico.
GREAT PANTHER SILVER LIMITED announces a ten-day extension of the due date for the next option payment on its Guadalupe de los Reyes Project in Sinaloa, Mexico. Great Panther holds an option to acquire up to a 100% interest in the GDLR Project from a subsidiary of Vista Gold Corp.
Bob Boaz, CEO, states “we are pleased to consolidate a 100% ownership interest in the Taviche Project and to extinguish the joint venture royalty clause with Intrepid with the completion of this acquisition. With the ownership simplified to one party, the Company hopes to attract additional interest in the project from other potential mining parties. We remain excited about the potential for expansion and discovery of new gold and silver resources at the Taviche project, particularly with the discovery of promising new drill targets which were determined by recent reanalysis and consolidation of all the Company’s exploration data.”
The first stage of this drilling campaign will be focused on testing the high priority Loma Bonita prospect, where extensive, highly significant gold and silver grades have been identified by surface sampling (ASX: 16 & 21 October 2015). This mineralisation is hosted in residual quartz (both vuggy and strongly silicified) similar to that which hosts the silver mineralisation at Mesa de Plata. The drill rig has been mobilised to site and drilling of the first hole has commenced.
Jason Weber, President and CEO of Alianza stated, With the sale of our Mexican properties to Almadex, a company with great experience in exploring in Mexico, Alianza streamlines costs while remaining focussed on our early stage and generative projects in Peru, Yukon, and Nevada.
AHMSA declaró que: Asegurar la aprobación del Plan es uno de los pasos finales importantes necesarios para levantar la suspensión de pagos con la que AHMSA ha estado operando. El levantamiento exitoso colocará a AHMSA en posición para mejorar su potencial a largo plazo, lo que le brindará a la empresa la capacidad para tener más flexibilidad financiera, para maximizar la racionalización de su estructura de capital y competir y crecer con más eficiencia. El levantamiento también le permitirá a AHMSA mejorar aún más su propuesta de valor a largo plazo, al establecer una plataforma financieramente sólida desde la cual la empresa pueda ejercer sus iniciativas operativas y sus prioridades estratégicas.
Almadex Minerals Limited is pleased to announce that it has acquired three Mexican properties from Alianza Minerals Ltd.
“Despite very challenging market conditions for base metal companies in 2015, we posted positive cash flow before changes in working capital of $60 million,” said Darren Pylot, President and CEO of Capstone. “We took a number of steps through the year to reduce costs and improve reliability at our operations, with fourth quarter throughput at Pinto Valley of 54,000 tonnes per day surpassing our expectations and positioning the mine well for the next planned expansion. In addition, we made several strategic decisions throughout 2015 to preserve our financial flexibility, including protecting our revenue through price fixing and zero-cost copper collars, as well as suspending work on our Santo Domingo project until market conditions improve.”
GREAT PANTHER SILVER LIMITED announces that it has received official notice allowing the Company to resume the use of explosives at its Guanajuato Mine Complex. The Mexican regulatory authority responsible for permitting and regulating the use of explosives has now formally concluded its review of the previously announced theft of explosives from one of the mines at the GMC, and the Company has resumed full production at the mines.
Southern Silver Exploration Corp. plans to issue up to 12,000,000 units in a non-brokered private placement at a price of $0.05 per Unit to raise $600,000. Each Unit will consist of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share for a period of five years at an exercise price of $0.08 per share.
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