Sierra Metals Inc. announces that Mark Brennan has tendered his resignation as President and Chief Executive Officer. Mr. Brennan will continue in his current role for a period of 30 days to facilitate the implementation of an orderly succession plan. Further details in this regard will be announced in due course.
Torex Gold Resources Inc. is pleased to announce a, CIM Definition Standards compliant, mineral resource estimate for its Sub-Sill deposit of 324,000 Inferred gold ounces and 89,000 Indicated gold ounces, at a cut-off grade of 2.5g/t Au. The Inferred resource is contained in 1.33 million tonnes at an average Au grade of 7.58 g/t. The Indicated resource is contained in 353,000 tonnes at an average Au grade of 7.82 g/t. The Sub-Sill deposit is located in close proximity to the Companys ELG processing plant in Southwest Mexico and remains open in several directions.
The Rico Litio lithium property, One World Minerals Incs flagship property, located in the State of California Baja Norte, Mexico, has entered phase two of an exploration program. Logistical preparations are underway with field crews on the property within three weeks and concluding with a 4000 metre (13,000 foot) drill program to be completed by the end of June 2017.
“This is an exciting time for shareholders, as we commence our bulk mining and process testing on our Santana Gold Project.” said Craig Schneider, Corex’s President and CEO.
As the Scoping Study at Plomosas continues to progress successfully, Consolidated Zinc has found significant high?grade mineralisation outside the Resource area which could have clear implications for the projects scale.
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