Randy Reifel, President, commented, “We are pleased to option La Cecilia to Riverside as part of a district consolidation. The transaction is consistent with our corporate strategy to monetize non-core properties with equity leverage.”
Riverside Resources Inc. is pleased to announce that the Company has signed agreements with Gunpoint Exploration Ltd. and Millrock Resources Inc. to consolidate the former company’s three La Cecilia Margarita concessions with the Violeta concession into a unified Cecilia Gold Project. The Cecilia Project, located in northeastern Sonora, Mexico, is targeting epithermal gold-silver mineralization in a rhyolite dome setting with potential for open-pit mining.
Pan American Silver Corp. today announced that, effective the start of trading on Wednesday, February 1, 2017, Pan American’s stock ticker symbol on the Toronto Stock Exchange will change from its original three-letter symbol, “PAA” to “PAAS”.
El gobernador Alejandro Tello Cristerna calificó al impuesto de responsabilidad ecológica como una acción de justicia social, durante la presentación del Plan Estatal de Desarrollo (PED).
The Companys optimization program at Platosa is progressing well, with submersible pumps coming online by year-end 2016 and initial pumping results far exceeding our expectations, stated Brendan Cahill, President and Chief Executive Officer. With the first two submersibles started, we achieved over one metre of drawdown in the first week of operation, far beyond forecast and yet further proof of the projects efficacy. Well drilling continues on schedule, with nine of fourteen wells now complete and ready for pump installation. We are currently calibrating the well set-up for installed submersibles to ensure sustained pumping operations going forward and remain on track to complete the implementation by the end of Q1 and attain dry mining conditions during Q2.
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