Day: June 7, 2017

La autoridad tributaria de México retiene más de 360 millones de dólares en devoluciones de impuestos a seis mineras canadienses, incluyendo 230 millones de dólares a Goldcorp Inc, según fuentes y documentos oficiales vistos por Reuters, una hecho que eleva la tensión entre el Gobierno y las firmas que operan en el país.

Mexico’s tax agency is holding over $360 million in tax rebates owed to six Canadian miners, including $230 million to Goldcorp Inc., according to sources and official documents seen by Reuters, escalating the situation into a showdown between the Mexican government and Canadian mining firms operating there.

CEO Paul Sorbara says; “San Timoteo presents an excellent, low risk target. The exposed high grade zones in the No 5 level are sure fire hits and The bonanza zone property wide is not explored. A great plus for us is that Golden Goliath will be able to take advantage, at no cost to us, of recent nearby developments resulting from the discovery of the Orisyvo deposit to lower the threshold needed for an economic project at San Timoteo. These developments include expensive infrastructure improvement projects, such as widening and paving the access road, putting in concrete bridges and even the expected construction of a mill at Orisyvo.” The Orisyvo deposit, which lies about 11 km from San Timoteo, is believed to be epithermal in nature and associated with an intrusive body at depth and has indicated and inferred resources of 8.9 M oz of gold and 12.6 m oz of silver.

Glenn Jessome, President and CEO of Oceanus reports, “The high gold and silver grades intersected in drill hole ET-17-144 are reminiscent of the bonanza silver and gold grades mined underground in the 1920’s and 1930’s at the old El Tigre mine which is 800 meters to the south. Surface mapping shows that the Protectora vein and alteration zone, that has not been mined, extends along strike to the north from the old El Tigre mine for 1,500 meters. This 1,500 meter long extension presents a new exploration target to find additional near surface mineralization. Our recent step-out drill results to the north and south are very encouraging.”