Tag: Exploration and Development

Almadex Minerals Limited is pleased to announce that it has acquired three Mexican properties from Alianza Minerals Ltd.

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.

GREAT PANTHER SILVER LIMITED regrets to report the fatality of a contract scoop tram operator that occurred at its Guanajuato Mine Complex in Mexico on Friday evening. The employee’s family and all relevant authorities have been contacted and a full investigation into the cause of the accident is ongoing.

GREAT PANTHER SILVER LIMITED announces that the Mexican regulatory authority responsible for permitting and regulating the use of explosives, has concluded its inspection regarding the previously announced theft of explosives from one of the mines at the Guanajuato Mine Complex. The Company was assessed a fine, which has been paid and will not materially impact its financial results.

“The assay results from the diamond drilling at La Cobota suggest that the mineralized iron oxide vein has significantly more structural complexity and grade variability than was originally anticipated from surface mapping and the available historical mining records. Work is continuing to assess the viability of the mineralized structure to host a resource and the Company will make a decision on the La Cobota option in due course,” said Chief Executive Officer Pieter Britz.

“One of the primary factors in our decision to acquire La Fortuna is its advanced stage of development”, said Chris Frostad, Minera Alamos’ CEO. “The scope of previous test work that is available gives us a significant head start on the development timeline. We expect to be able to complete a Preliminary Economic Assessment of La Fortuna by this summer”.

Azure’s Managing Director, Tony Rovira, stated: “Our ongoing exploration activities throughout the Alacrán property continue to generate positive results for additional silver and gold prospects. In this case, sampling to the north of Mesa de Plata has returned some of the highest silver grades so far encountered at Alacrán. We’ve submitted permit applications and we’re looking forward to drilling this exciting prospect as soon as possible.”

Marlin Gold Mining Ltd. is pleased to announce that it has executed a new mining contract that will nearly double the Company’s mining rate at its La Trinidad mine in Sinaloa, Mexico. The new contract has a minimum tonnage guarantee of 1.5 million tonnes per month, which is nearly twice the current mining rate. Fleet mobilization has commenced, and we expect to be mining with this new fleet in early March. This will allow Marlin to begin accessing the high grade HS Zone of its La Trinidad mine in the second quarter of 2016. The Company has 4.2 million tonnes of waste to remove at La Trinidad, at which time the high grade HS Zone will make Marlin one of the lowest cost operations globally.

DynaResource, Inc. is pleased to announce that Mineras de DynaResource S.A. de C.V., the 100% owned subsidiary of DynaUSA and the exclusive operator of the San Jose de Gràcia Property in northern Sinaloa, México, is reporting the delivery for sale on February 5, 2016 of an approximate 440 Oz gold contained in concentrates (exact weights in gold and silver oz. to be determined at final settlement).

Canarc Resource Corp. announces that it has signed a definitive agreement with the Zacatecas state government to lease and operate the permitted 500 tonne per day “La Plata” ore processing plant in the city of Zacatecas, Mexico, through its wholly owned Mexican subsidiary, Minera Oro Silver.