Day: July 5, 2016

Cyprium Mining announces start of production at the Potosi Silver Mine

Mr. Alain Lambert, Chairman and CEO of the Cyprium commented: “We are very pleased that it took only six months and less than a million dollars to return the Potosi Mine to production. This nicely validates Cyprium’s business plan of acquiring and inexpensively restoring past producing mines to generate cash flow for expanded development and exploration.” Mr. Lambert added: “We believe that the larger Santo Domingo mineralized body located at level 9, 10 and 11 of the mine – also known as the Main Silicate Body – has good exploitation potential and having started production of the Tunel body, evaluation and preparations for exploiting the Santo Domingo body will assume top priority.”

Canasil Closes $2,072,000 Second and Final Tranche of Non-brokered Private Placement

Finder’s fees of $38,400 and 60,000 finder warrants was paid to Sprott Private Wealth LP, and $85,920 and 134,250 finder warrants was paid to Sprott Global Resource Investments, Ltd. Finder’s warrants have the same terms as the Unit Warrants. The proceeds of the Placement will be used for continuing exploration programs on the Company’s mineral exploration projects and for working capital.

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