Primero Mining Corp. today announced that is has received formal notification from the New York Stock Exchange of its non-compliance with the exchange’s continued listing standards for minimum trading price.
President and CEO, John-Mark Staude, stated: We are pleased with the progress of our Prospect Generator business and excited at the prospects for a new discovery and further value creation and portfolio strengthening in 2017. The Thor, Glor and Clemente projects will all deliver partner funded activity, with results from at least two drill programs in the year ahead. We will layout our goals early in 2017 and have the team in place pushing for transformational mineral discoveries. Riverside is in a much better place entering 2017 than a year ago and we are keen to capitalize on the momentum with several catalysts early in 2017.
Santacruz Silver Mining Ltd. reports that it has terminated the previously announced agreement in connection with the Company’s sale of the San Felipe Project to the Hermosillo Group. No payments pursuant to the Transaction have been made to date. Discussions have been on-going with respect to revised payment terms however this process has not led to a payment schedule acceptable to the Company and therefore the agreement has been terminated by the Company.
J.D. Poliquin, chairman of Almaden stated, “Today’s results once again show the presence of the high grade veins on the Tuligtic project. While we are now focussed on developing the Ixtaca deposit into a significant precious metals producer in Mexico, and are currently busy with engineering work and studies towards producing a PFS, this exploration drilling demonstrates additional resource potential both laterally and, because we are at the top of a fully preserved epithermal system, future exploration drilling will also test for feeder veins beneath the Ixtaca sheeted vein zone.”
Sonoro Metals Corp., is pleased to announce that it has closed the sale of the Companys Chipriona project in Mexico to Agnico Sonora, S.A. de C.V., a subsidiary of Agnico Eagle Mines Limited; the details of which are disclosed in the Companys news release dated December 14, 2016. Sonoro has now received the first payment under the assignment agreement with Agnico in the amount of $650,000. Three additional sequential installments of $650,000, $800,000 and $1,900,000 respectively are due and payable over the coming months following registration of title at Mexicos Public Registry of Mining, commencing with the registration of title from the original vendors through to final registration under Agnico. This disposition by the Company has been accepted for filing by the TSX Venture Exchange.
Americas Silver Corporation is pleased to report that shareholders have approved a special resolution for an amendment to the Companys articles and authorized a consolidation of the Companys outstanding common shares. The resolution was approved by over 95% of votes cast at the meeting. The Share Consolidation is necessary to satisfy one of the outstanding listing requirements for the New York NYSE MKT Stock Exchange of a share price of US$2.00 or greater. Further details are provided in the Companys management information circular dated November 10, 2016.
Autoridades de Guadalupe y Calvo proponen integración de destacamentos de la Policía Estatal en Baborigame y San Julián
In order to prevent criminal acts from prevailing in the municipality of Guadalupe and Calvo, local authorities requested the installation of a C-4 and the integration of detachments of the State Police in Baborigame and San Julián, areas that have historically been controlled by Organized crime.
The current drill program commenced in September, 2016, and comprises 18 holes in total, for a total of 2,955 metres. Eleven of the holes have been drilled to date, and eight have been assayed. The objective of this program is to explore the area of the Avino Vein System between the San Luis workings and the Elena Tolosa current production area.
Canasil Resources Inc. is pleased to announce that the Company has received the required drill permit and mobilized a drill rig which is currently on site at the La Esperanza silver-lead-zinc project in Durango and Zacatecas States, Mexico. Drilling started on December 17, 2016, with the aim of completing the first drill hole before the year-end holidays. Drilling will then resume early in the New Year for a planned initial program of 1,500 metres to 2,000 metres in 4 to 5 drill holes.
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