Southern Silver Exploration Corp reported today that the Company has received approval from the TSX Venture Exchange to extend the final closing date of its previously announced brokered private placement until September 15th, 2017. As announced on June 13th, 2017, the Company has already closed the first tranche of the Offering by issuing 6,372,500 units for a total of $2,549,000.
Starcore International Mines Ltd. announces production results for the first quarter of fiscal 2018, ended July 31, 2017, at its San Martin Mine in Queretaro, Mexico and the Altiplano Gold Silver Processing Facility in Matehuala, Mexico.
Kootenay President and CEO James McDonald states, The discovery of a mineralized zone of this magnitude and strength of veining in the world-class Parral mining district is a highly significant development for the company. The large-scale nature and intensity of the mineralized zone offers exceptional future growth potential and is characteristic of other major silver deposits in the district such as the San Francisco Del Oro and Santa Barbara mines located closely to the immediate south.
GREAT PANTHER SILVER LIMITED announces the appointments of Matthew Wunder as Vice President Exploration and Brian Peer as Vice President Operations, Mexico. While Mr. Wunder has already joined the Company, Mr. Peer’s appointment will be effective on August 20th.
Bradford Cooke, CEO of Endeavour Silver, commented, We continue to intersect encouraging results in the La Luz vein on the Terronera property. Although narrower than the Terronera vein, mineralization in the La Luz vein is much higher grade, more gold rich, and shallower in depth compared to the Terronera vein, which was the basis for the recent pre-feasibility study. Several other veins hosting surface high-grade mineralization at Terronera are also scheduled for drilling over the next two years.
J. Duane Poliquin, Chairman of Almadex commented, Since the Norte Zone discovery we have been carrying out a systematic drill campaign to define this target. To date the program has been based on large step-outs which have yet to define the limits of mineralisation. Future Norte drilling will also focus on defining the high grade zone that is emerging from the drilling results. Continuous mineralization in hole 29 starting close to surface and continuing for over half a kilometer shows the Norte Zone is developing significant tonnage as well as good grades. Elsewhere on the project first pass Encinal Zone drilling is complete and while we await assays from this work a drill is now being moved to the newly discovered Raya Tembrillo target within the large Villa Rica zone for the very first drill hole there.
Azures Managing Director, Mr Tony Rovira said, Throughout 2017, Azure has had the clear focus to acquire the next flagship project for the Company. This was all about getting the right project for the right deal, and with this acquisition we have done just that. Projects of this quality are rare and keenly sought after, and Im pleased that we have succeeded in acquiring the advanced stage, precious and base metal project that weve been seeking.”
This 300m step-out extends the potential strike length of the interpreted La Plata vein system to approximately 2km. Given the significant surface results reported to date this prospect is now the subject of detailed drill planning. It is important to note that surface channel widths along the interpreted strike length have been limited to accessible outcropping so future drilling will seek to confirm to what extent this high grade surface mineralisation occurs over wider zones at depth.
“Sierra Metals has again delivered value and growth in the second quarter with a respectable financial performance”, commented Igor Gonzales, President and CEO of Sierra Metals. “The Company saw increases in revenue, cashflow and adjusted EBITDA over the same quarter in 2016. The continued solid performance is attributable to the successful operational improvements program at the Yauricocha Mine, continued development of new higher-grade ore zones at Bolivar and the reinterpretation of geology and development of the Santa Rosa de Lima zone at the Cusi Mine which promises to drive increased grade and tonnage in the future.”
Jorge A. Ganoza, President and CEO, commented, Our San Jose and Caylloma mines have delivered strong production and financial results. Higher operating costs at both operations are expected to recede in the second half of the year and remain within 5% of our annual cost guidance. Mr. Ganoza continued, At our Lindero gold project in Argentina, feasibility study optimization work continues to advance as planned in order to support a construction decision next month.
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