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.
Telson Resources Inc. is pleased to announce the appointment of Senor Remigio Martinez Muller to its Board of Directors, effective immediately. Sr. Martinez worked his whole professional career with Grupo Mexico starting in 1967 as a Mine Geologist in Taxco, Guerrero and ending as Grupo Mexico’s Director of Exploration in 2013. From 2013 to 2016 he maintained an exclusive consultant position with Grupo Mexico and became an independent consultant thereafter.
Canuc Resources Corporation is pleased to provide summary information, previously compiled, pertaining to work done by Santa Rosa Silver Mining Corporation on the San Javier Silver/Gold project.
“The finalization of this deal with First Majestic on El Gachi and our preceding San Felipe deal with Americas Silver are the culmination of management’s strategic initiative to divest non-core assets from our mineral property portfolio and focus on our producing assets, those being the Rosario Project and the Veta Grande Project respectively”, stated Arturo Préstamo, President and CEO of Santacruz. “With an improved balance sheet and no further property payments to MHM we are now better able to maximize the return on capital from our silver production. “
“Agnico Eagle is pleased to welcome an important new strategic institutional investor to our share register, and we look forward to continuing to develop this relationship over time,” said Sean Boyd, Agnico Eagle’s Chief Executive Officer. “The offering also further enhances our financial flexibility as we build out our platform of high quality growth projects,” added Mr. Boyd.
Mike England, President of Alix, stated: “We are very pleased to be initiating the maiden drill program on the Agua Fria lithium clays discovery. With an international team of Canadian, Australian and Mexican personnel, the objective is to discover lithium-rich clay deposits similar in grade and size to that of the Bacanora/REM La Ventana deposit.”
Paul Benson, President and CEO said, “With gold representing approximately 70% of our revenue, the current name does not accurately reflect our business. We have evolved from a silver-focused producer to an intermediate precious metals producer with three mines in the Americas. The proposed name, which includes the initials of our existing name, is a natural evolution in our more than 70-year history. While we are recommending a change to our name, our relentless focus on creating shareholder value remains.”
Bradford Cooke, CEO of Endeavour Silver, commented, We look forward to developing El Compas into our fourth mine. The mine should generate robust economic returns at current metal prices because the two known mineralized zones (El Compas and El Orito) are relatively shallow and high grade. The operation is very scalable if we discover or purchase additional mineral resources in the Zacatecas district and refurbish the second ball mill to double the plant capacity to 500 tonnes per day (tpd). With the low capital investment of US$10 million funded by existing cash, and the short timeline of only six months to initial production once we receive the explosives permit and tax clarity, the El Compas mine has the near-term potential to become a healthy contributor to our consolidated cash flow.
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