Sierra Metals Confirms High Grade Mineralized Extensions to the Bolivar West Zone, at the Bolivar Mine, Mexico

Alonso Lujan, Vice President of Exploration, stated: The areas tested in the Titan 24 survey demonstrated an excellent relationship between chargeability and the structures. Based on those results, the Company continued to test these areas with drilling programs. This has resulted in the definition of a new structure which demonstrates the continuity of previously defined wide, high-grade, copper structures. The Company plans to drill an additional six to seven holes, approximately 2,500 meters, within this area in 2019. Depending on success further holes and drilling could be added. Further to the success at the West Extension, the potential for further extensions to the North of this zone remains open.

Torex Announces Q1 2019 Production Results and the Successful Completion of the First Blast with the Muckahi Mining System

Fred Stanford, President & CEO of Torex stated: After so many years in concept development, machine design, and more recently machine manufacturing, it was truly rewarding to see this first part of the innovative Muckahi mining system come to life and perform the way it was expected to perform. This outcome is a credit to all of the people over the years that believed a different way to mine was possible and contributed ideas and support to transform that possibility into a reality. In recent years, this includes our Board of Directors, Robert Rennie and team from Medatech, and many from within Torex, including Bernie Loyer for machine design and project management, Dawson Proudfoot, Danny Lavigne, and Brian Truman for process design and leadership in the field trials. The team is looking forward to completing the field trials in 2019. The goal is to demonstrate the Muckahi mining system capabilities over the full development cycle for tunneling, including on a minus 30-degree gradient, and to demonstrate the capability of the system to lower costs in long hole open stope mining. Exciting times!

Evrim announces an expanded inferred resource of 659,000 gold equivalent ounces and indicated resources of 119,000 gold-equivalent ounces at the Ermitaño Project In Sonora, Mexico

The increased resource at Ermitano adds further value and longevity to Evrim’s royalty in the event the deposit is placed into commercial production, commented Paddy Nicol, Evrim’s President and CEO. According to First Majestic, Ermitaño could add several years of mine life to the Santa Elena Mine. Moreover, 16,000 metres of drilling is underway that could expand the deposit at depth and along strike. Environmental permitting is in its final stages.

Aloro Submits New Enviromental Permit for Drilling

Thomas A. Doyle, President, CEO, stated, I am very pleased that Aloro’s Environmental Consultant and her team were able to prepare and submit the new permit in relatively short period once we received the new Ejido agreement. I look forward to get the drill rig back on the property and follow up on what we have discovered in LVRC 12 in the south east portion of the property.

Americas Silver and Pershing Gold Announce Completion of CFIUS Review and Expected Closing of Transaction

Americas Silver Corporation and Pershing Gold Corporation are pleased to announce that the Committee on Foreign Investment in the United States (CFIUS) has completed its review of the companies’ previously announced business combination transaction and that CFIUS has determined that there are no unresolved national security concerns with respect to the Transaction. Americas Silver and Pershing Gold expect to complete their business combination transaction on or about April 3, 2019, subject to customary closing matters.

Premiere Gold to Divest Non-Core Assets

A total of four transactions have resulted in eight properties and one subsidiary being sold and/or optioned for total consideration of US$2.1 million. The related properties include the Geisler Property, located in the Red Lake district of Ontario, the Faymar Property in Timmins, Ontario and the Santa Teresa Property, located in Baja, Mexico. The Company also entered into an option agreement for the sale of Goldstone Resources Limited, the subsidiary that holds the historic Northern Empire, Leitch and Sand River Mines, as well as other exploration-staged projects in the Beardmore, Ontario region.

All News