The production has achieved a sustainable rate in the last quarter stated Robert Eadie, CEO. Our next challenge is to raise the production by achieving higher gold and silver grades through an intensive exploration program that we are currently carrying out.
“Although we believe the Kay Mine project has good potential, its sale to Croesus has allowed us to significantly reduce our debt and focus on drilling our flagship Pino de Plata project near Coeur Mining’s Palmarejo Mine, in western Chihuahua State, Mexico,” stated Karl Boltz, President & CEO of Silver Spruce. “Drilling at Pino de Plata is scheduled to begin next week.”
Goldplay President and CEO Marcio Fonseca commented, ‘Goldplays strategy for San Marcial is to achieve a material increase in the high-grade resources by drilling the new targets in the vicinity of the current resource over the next six months. The Company has built a robust and attractive high-grade silver, potentially open pit, project and the recent discovery of Au targets has transformed the San Marcial Project into a multi-commodity resource-development stage project. Our successful exploration program has enabled Goldplay to discover eight targets in a short period of time, making the San Marcial Project one of the most attractive projects in the Rosario Mining District.’
Riversides President and CEO, John-Mark Staude, stated: ‘We are delighted to combine the financing support of a major world copper leader with our in-country Mexico expertise to pursue exploration activities and advance promising projects. The two-year Program helps Riverside expand our copper exposure, while still conserving capital for our other self-funded initiatives.’
Commenting on Azures full ownership and control of the Alacrán Project, Azures Managing Director, Mr. Tony Rovira, said: ‘Azure is very pleased to have reached this agreement with Teck. We welcome them as a substantial shareholder of the Company and we look forward to further progressing the Alacrán Project for the benefit of both our companies and all shareholders.’
‘Michael could always be counted on to bring a positive outlook even during challenging times. His steadfast optimism and jovial demeanor were contagious and Im grateful for the mentorship that he bestowed upon me over the years. He will be dearly missed,’ David Wolfin President & CEO, Avino Silver & Gold Mines Ltd.
“Great Panther completed a key strategic milestone in the first quarter of 2019 by closing the acquisition of Beadell Resources and its 100% owned Tucano Mine in Brazil. The acquisition of the Tucano Mine transforms Great Panther into a 200,000 gold equivalent ounce per year intermediate precious metals producer with diversified operations in leading Latin American jurisdictions,” stated James Bannantine, President and CEO. “The transaction, which closed on March 5th and contributed to Great Panther’s results from that date, added modestly to first quarter results.”
Por lo común, estos controles incluyen: el uso de tecnología de rastreo en tiempo real; cámaras de vigilancia; pruebas para identificar alteraciones en el material transportado; servicios de vigilancia; retenes en un corredor seguro y un número reducido de paradas autorizadas para optimizar los tiempos de entrega y minimizar la exposición de los convoys.
Silver Spruce Resources Inc. is pleased to announce that the Company has awarded the contract for the imminent Phase I drill program at Pino de Plata to ECODRILL of Mexico. ECODRILL will mobilize equipment and personnel immediately and plans to begin drilling within a week.
Sable Resources Ltd. is pleased to announce that it has closed the first tranche of a non-brokered private placement pursuant to which it has issued 5,753,333 units at a price of $0.15 per Unit to raise aggregate gross proceeds of approximately $863,000. Each Unit consists of one common share of the Company and one-half of one share purchase warrant. Each Warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $0.25 until the date which is two years from the closing date of the Offering.
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