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.
Primero Mining Corp. today announced it will be redeeming with cash its currently outstanding$48.1 million 6.5% senior unsecured convertible debentures due March 31, 2016.
Azures 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. Weve submitted permit applications and were looking forward to drilling this exciting prospect as soon as possible.
ALIX RESOURCES CORP. announces the signing of an option agreement with Lithium Australia NL to jointly explore and develop the Electra lithium project in Sonora, Mexico. Agreement terms are set out below. Alix and LIT will also work to define a percentage interest whereby Alix will share an interest in successful lithium extraction from clay technology patents arising from the joint efforts in Mexico. This transaction is subject to regulatory approvals.
Mundoro Capital Inc. is pleased to announce the appointment of Mr. Graham Brown to the Board of Directors of the Company. Mr. Brown has 35 years experience in mining and exploration as an independent consultant, senior executive and global leader of a highly successful discovery team. His broad experience base includes working on four continents, completing over 100 technical assignments, and covering a range of commodities in over 25 countries.
Americas Silver Corporation is pleased to announce that it has changed its TSX trading symbol from SPM to USA effective February 8, 2016. The Company has also changed its trading symbol on the OTCQX, from SMNPF to USAPF effective February 9, 2016.
“While we anticipate improved consolidated results in the current year, we are extremely pleased to see increased copper equivalent production at Bolivar and growth in silver equivalent production at Cusi.” commented Mark Brennan, President and CEO of Sierra Metals. “We continue to focus on the restructuring and rehabilitation at the Yauricocha Mine with the implementation of best practices and the introduction of modern methodologies. Management is optimistic that these beneficial changes that have resulted in lower production in the near term will serve to increase production in the coming years.”
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.
Silver Shield Resources Corp Announces Both a Non-Brokered Private Placement of up to Three Million Dollars CDN by Issuance of Series “A” Preferred Shares and A Concurrent Non-Brokered Common Shares Private Placement of up to One Million Dollars CDN by Issuance of Common Shares
Kootenay President and CEO James McDonald commented: “We are very pleased and excited to move forward with this milestone transaction with Northair. This is a well-planned consolidation that has the potential to provide both companies and their shareholders with far reaching benefits well into the future. Combining the Promontorio, La Negra and La Cigarra projects will immediately position Kootenay as one of Mexico’s preeminent, asset based, silver development companies. Moreover, the support of a newly invigorated treasury and growth plan will allow us to prioritize the expedited development of both the La Negra and La Cigarra projects, as we continue to advance our generative project portfolio and pursue further strategic opportunities in the sector.”
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