Westminster Resources Ltd. announces that further to its news release dated February 15, 2019, the Companys proposed private placement (the Offering) is continuing and an extension of 30 days to close the Offering has been granted by the TSX Venture Exchange.
The Leachox precious metal recovery testing conducted byMaelgwyn demonstrates that significant increases up to 65% gold and 81% silver are possible at Campo Morado, states Antonio Berlanga, Telsons CEO. Should additional planned Leachox testing of optimization work to confirm recoveries, ultimate best grind size and reagent additions show a path forward to a commercial installation of this technology, we could improve recoveries from current levels of gold at 15-20% and silver 30-40%, which would significantly increase the mines profitability by increasing the ounces of gold and silver produced at Campo Morado.
The portfolio of 18 royalties being sold are all on assets not owned by Alamos. This includes a 2% NSR royalty on the El Realito property, adjacent to the La India mine in Sonora, Mexico and a 1.5% NSR royalty on the Wasamac project, and 1.0% NSR royalty on the Beaufor Mine, both located in Quebec, Canada. The majority of the remaining royalties being sold are on exploration stage properties.
Auxico would like to announce, effective immediately, the appointment of Joseph Lau to the board of directors. Mr. Lau is the founder and chairman of Rockhound Limited, a private company based in Hong Kong that was established in 2006 to serve the mineral resources, mining and exploration sectors. He has a B.Sc. (Chemistry) from Concordia University and an MBA from the University of Ottawa. Since returning to Hong Kong in 1994, Mr. Lau has served in senior executive positions in various industries, including financial services, real estate, telecommunications and retail jewelry. He is a member of the Chemical Institute of Canada and the Canadian Institute of Mining, Metallurgy and Petroleum.
Bradford Cooke, CEO and Director, commented, We are pleased to announce that the El Compas mine and plant have operated smoothly at above 80% of design capacity since mid-February. The start-up issues we experienced have all been resolved, we now have a spare mill trunnion on site, and our focus has moved to optimizing the production tonnes, grades and recoveries.
Bacanora Lithium said it remained in active discussions with the sovereign wealth fund of the Sultanate of Oman, to conclude the proposed US$65M offtake agreement for the miner’s flagship Sonora Lithium Project in Mexico.
George Paspalas, President and CEO, commented, “The Juanicipio Joint Venture property continues to be the gift that keeps on giving. Discovering two new mineralized veins readily accessible from the underground workings we have been developing over the last 5 years, once again demonstrates Juanicipio’s exceptional mineral endowment. We are pleased with the progress we are making with our JV partner Fresnillo, finalizing construction and operating agreements, and look forward to commencing the process plant construction in the near term.
ZL Managing Director Brad Marwood said, The opportunity to replace the Grupo Mexico contract with a longer-term contract with improved conditions has been an opportunity that delivers process certainty for the next 18 months. I am very pleased that our Mexican team have secured this opportunity in such a timely manner.
Rob McEwen, Chairman and Chief Owner of McEwen Mining, stated We are very pleased to have successfully completed this equity raise as it fully funds the Companys current mining projects and exploration prospects.
Goldcorp Inc. was informed by Newmont Mining Corporation today that, in connection with Newmont’s previously announced offers to exchange any and all outstanding notes issued by Goldcorp for (1) up to $2,000,000,000 aggregate principal amount of new notes to be issued by Newmont and (2) cash, and related consent solicitations to adopt certain proposed amendments to each of the indentures governing the Existing Goldcorp Notes, Newmont has received tenders with respect to the aggregate principal amounts of Existing Goldcorp Notes set forth below, which constitute the requisite number of consents to adopt the Existing Goldcorp Indentures.
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