“Our geological team at the Pinos Project has demonstrated continuity of gold mineralization below the known workings on the Cinco Estrellas Vein structure,” stated Ramon Perez, CEO of Candelaria Mining, “The Company plans to continue exploring in areas of high-grade mineralization on the Cinco Estrellas vein and other veins in the district.”
SilverCrest Metals Inc. is pleased to announce that a technical report titled Technical Report on the Las Chispas Property, Sonora, Mexico, dated October 26, 2016 with an effective date of September 15, 2016, has been filed today and is available on SEDAR at www.sedar.comand on SilverCrests website. The Technical Report was independently completed for the Company by P. James F. Barr, P. Geo., Senior Geologist and Team Lead – Geology for Tetra Tech EBA Inc., in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Kootenay Silver Inc. is pleased to report 11 core drill holes totaling 2,100 meters have been completed and submitted for assaying on the Ram Zone as part of its initial 3,000 meter drill program on its 100% owned La Cigarra silver project, located in Chihuahua State, Mexico. The 11 holes tested the northern 500 meters of strike on the Ram structure. Management believes the RAM target has potential to host high-grade silver mineralization within a large structurally controlled anomalous silver trend measuring 3.8 kilometers in length. Assay results will be released once received and compiled.
Almaden Minerals is pleased to report on the Companys 100% owned Ixtaca gold-silver deposit located in Puebla State, Mexico and the progress of its on-going Pre-Feasibility level metallurgical test work program.
Orex’s President, Gary Cope says, “A first Resource Estimate is a major step in an exploration project. We have achieved this benchmark in less than a year from the start of diamond drilling and we believe that this initial resource is the first of many to come.”
Riverside Resources Inc. has sold 3,000,000 common shares in privately held Croesus Gold Corp for total proceeds of $650,000 CAD. The Company received 6,000,000 Croesus common shares as part of the Sugarloaf Peak Project sale. Riverside continues to hold 3,000,000 Croesus common shares and retains a 2% net smelter return royalty on the Project.
Canarc Resource Corp. provides an update on recent achievements in the 3rd quarter 2016 and its plans for the 4th quarter 2016 and going forward. Since the closing of the sale of Oro Silver in the 2nd quarter for $10.5M, Canarc has focused its efforts on three key objectives….
Torex Gold Resources Inc. regretfully announces that an accident occurred at its Guajes pit on the afternoon of October 28th in which Mr. Jose Manuel Martinez Martinez, an employee of Equipos y Maquinarias del Sureste S.A de C.V, was seriously injured by falling rock. The mines emergency response team transported Mr. Martinez to the hospital in Iguala where, despite the best efforts by the hospital medical staff, he passed away during surgery.
Mexus Gold US President Paul Thompson stated today that the startup of production at the Santa Elena mine will not occur in October as previously stated. This change in timeline is due to unforeseen issues with the import of certain materials as well as the already documented weather issues. CEO Thompson added, “The move of our production start date should not alarm investors. We expect to issue a release on production soon. I ask for your patience as we complete the initial steps in what will be a long term and profitable mine for the company.”
“In the third quarter of 2016, our operations continued to deliver solid production and cost performance. As a result, we now expect to exceed the upper end of our 2016 production guidance of 1.6 million ounces,” said Sean Boyd, Agnico Eagle’s Chief Executive Officer. “Furthermore, our strong operating performance resulted in increased operating cash flow and an increase in our cash position which further supports our development plans to grow production to approximately 2.0 million ounces in 2020,” added Mr. Boyd.
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