We are pleased to have met our obligations to the Bond holders, said Robert Eadie, President & CEO of the Company. Our investors and financiers have been exceptional partners for Starcore and have supported our aspirations for growth. We will continue to develop these alliances as we forge ahead with our plans for increasing shareholder value.
“Thor was a gentleman above all things,” commented André Fortier, Chairman of the Board of Directors. “He had a love for life and a sense of optimism that will be greatly missed by all of us at Excellon. Our deepest condolences to his family and all of the people he touched over the years.”
Silver Spruce Resources Inc. has engaged the FronTier Merchant Capital Group to provide investor relations and marketing services through their media partners in order to increase market exposure.
Gordon Babcock, Chief Operating Officer of Sierra Metals Inc. commented: “We are satisfied with the updated Resource and Reserve report for the Bolivar mine and the quality of the defined areas within the Report. At Bolivar, a 20,000-meter drill program has been in execution since the latter part of 2016 with a significant portion already completed. Drilling is taking place at the Bolivar West, Bolivar Northwest and will continue at the La Sidra area. Also, a recently completed geophysical program utilizing Titan 24 techniques has targeted near-surface, coincident strong chargeability (IP) and resistivity anomalies in the Southwestern sector of the property near Bolivar West. These targets are being drilled with a diamond drilling program and subsequent exploration programs are targeted to increase tonnage and grade at Bolivar.”
Mr. David Wolfin, President and CEO stated, We are extremely pleased with the very attractive economics of the Oxide Tailings Resource PEA. These positive results will enable us to plan the next steps, identify any additional studies and move forward in advancing the oxide tailings project. We intend to follow the recommendations contained in the Technical Report, which will include the pre-feasibility phase, and we continue to review alternative approaches for the storage of existing tailings.
“The planned suspension of milling operations at Topia was in effect throughout the entire first quarter and had an obvious impact on our overall metal production,” stated Robert Archer, President & CEO. “However, we continued mining at Topia throughout this period, and with the commissioning of the upgraded plant and the new tailings handling facility now underway, we have commenced the processing of ore stockpiled during the shutdown. This will continue through the balance of the year, such that we anticipate meeting our annual guidance.”
Endeavour CEO Bradford Cooke commented, From a production standpoint, we are still recovering from the reduced mine development and operational challenges we faced in 2016. Our plan is to increase production throughout the year as we improve ore grade controls at El Cubo, slowly return Guanaceví to good health, optimize throughput at Bolañitos and regain access to reserves at each mine in order to achieve our production guidance.
Jim Williams, Chief Executive Officer of Arian commented: The Option Agreement reflects the beginnings of our new strategy to diversify from exclusively exploring silver deposits, allowing us to seize opportunities in growing markets, such as lithium, as they arise.
J. Duane Poliquin, Chairman of Almadex commented, Drilling continues to expand our Norte target but fieldwork on the Villa Rica zone has been rewarded with these exciting surface samples from recently discovered outcrops. The channel samples along with recently announced outcrop, subcrop, and float sample results upgrade the potential of this zone. Further surface work is underway at Villa Rica preparatory to drilling.
Colibri would also like to report that Agnico Eagle Mines Limited has started a drill program with two drills on the Pitaya property in Mexico, which is a joint venture property between AEM and Colibri. AEM is the project operator on this property. Colibri will release the results from this drill program when they become available from AEM.
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