Tag: Exploration and Development

United States Antimony Corporation reported the successful production of antimony tri-sulfide per military MIL-A-159D specification. The product is used in all center-fire cartridges for military and commercial production. Initial production was on a small scale, but additional equipment is being installed to enter the market. The product contains 70.5% antimony. At a Rotterdam price for metal at $3.833 per pound, the antimony in the tri-sulfide would be worth approximately $10.75 per pound. Additional markets include the friction brake industry.

Magellan Gold Corporation is pleased to announce that Magellan and Rose Petroleum plc have signed a definitive and binding stock purchase agreement in respect of Magellan’s acquisiiton of Rose’s mineral processing mill operation in San Dieguito de Arriba, Nayarit State, Mexico and its associated assets, licenses and agreements. The purchase of the mill is expected to close in October 2017.

Endeavour Silver Corp. announces it has acquired the right to explore and mine for precious metals above the elevation of 2,000 metres above sea level on the 181-hectare Toro del Cobre concessions owned by Capstone Mining. Capstone’s concessions are adjacent to the 75-hectare Calicanto concessions held by Endeavour in Zacatecas, Mexico. In return, Endeavour has granted Capstone the right to explore and mine for base metals below the elevation of 2,000 masl on the Endeavour’s Calicanto concessions.

Silver Bull Identifies 94.5 Meters Of Sulphide Mineralization Grading 9.7% Zinc, 124 g/t Silver, 1.6% Lead And 0.46% Copper, Including 31.5 Meters Grading 22.36% Zinc, 134.5g/t Silver, 2.05% Lead, And 0.21% Copper In A Continuous Channel Sample At The Sierra Mojada Project, Coahuila, Mexico

“I am very pleased that we have dealt with the challenges of delivering a new mine on schedule and on budget,” said Darren Blasutti, President & CEO. “San Rafael material will be processed at our newly modified mill before the end of the third quarter with commercial production expected to be achieved before year end.”

Mexus Gold US along with its joint venture partner, MarMar Holdings, today announced that they have produced gold in dore form as a result of its ongoing operation at the Santa Elena mine. Mexus CEO Paul Thompson added, “This is a monumental step for Mexus and MarMar as we have met our initial goal which was to get the Santa Elena mine into production. The finances of gold sales will be released in our quarterly reports but we will keep our investors informed as key financial goals are met. The ore we are currently placing on the heap leach pad is averaging 2 grams per ton with an expected recovery rate of 76%. We know now that the high grade near surface material we are mining will result in a lower overall cost of production.”

Dan Omeniuk, MX Gold Corp. Chairman & CEO said: “Our team is passionate about the Magistral project! We are pleased to see the project advancing on schedule, with the plant operational, by this November. We are also glad to see the continual growth in the price of Gold since the acquisition of the project.”

Late in the night on Thursday, September 7, 2017, an earthquake with a magnitude 8.1, according to the U.S. Geological Survey, struck off the southern coast of Mexico. The earthquake had no effect on operations in Zacualpan. Post-earthquake inspections at the mines and processing plant reported no damage and there were no disruptions to operations.

Glenn Jessome, President and CEO of Oceanus reports, “The high-grade gold-silver-base metal mineralization in the Protectora, Caleigh and Fundadora Veins is an exciting new development on the El Tigre property. The results from the mapping and sampling of the underground workings present a series of high priority drill targets for this fall over a 2 kilometer strike length north of the old El Tigre Mine.”

“The first phase of the La Yaqui Mine was brought into production in eight months, a significant achievement and indicative of how quickly we can develop these types of deposits. Alamos will apply this same approach as we look to grow and develop La Yaqui Grande and other targets within the Mulatos district,” said John A. McCluskey, President and Chief Executive Officer.