Month: August 2017

Akiba Leisman, Executive Chairman and Interim CEO of Marlin states that “this acquisition is a great transaction for both companies. Marlin gets to acquire an advanced exploration asset in one of the most prolific mining jurisdictions in the world for an attractive price, and Santacruz emerges as a debt free silver producer. The potential of Gavilanes is substantial, and we are proud to use the full extent of our technical and financial capabilities to advance the project and add substantial value to Marlin shareholders.”

Thomas Atkins, President and CEO of Mammoth commented on the channel sample results stating:”These results are consistent with what we’ve seen in drill core and surface samples and are typical of High Sulphidation systems. We’d previously collected hundreds of chip samples over the large 15 square kilometre mineralized area on the property with many of these samples assaying from a couple of grams gold per tonne to as much as 75 grams gold per tonne combined with lower grade mineralized intervals. What’s impressive with these channel samples is we’re seeing attractive potentially economic grades in material over continual widths of 23 to 50 feet with extensions to these mineralized intervals limited only by available outcrop. Being on surface and given gold on the property occurs as free gold and amenable to heap leaching these grades are comparable to numerous economically robust open pit heap leach mines in operation in Mexico.”

La Delegación de la Secretaría de Medio Ambiente y Recursos y Naturales (Semarnat), dio un permiso de seis meses a la Minera Caballo Blanco, SA de CV, para realizar actividades de exploración minera en el lugar conocido como el Socavón La Paila, en Alto Lucero.

United States Antimony Corporation reported major cost reductions at its Mexican antimony smelter. As a result of metallurgical changes, the Company has drastically cut costs and increased production rates. The approximate reductions for fuel costs are 50%, electricity 55%, and reagents 75%. Maintenance and other costs are being evaluated. Extra manpower will be assigned to processing Los Juarez production. The Company expects to see these lower costs impacting the Company’s reported financials beginning in Q3 2017.

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. While a broad lower grade zone envelopes the high grade mineralisation we have intercepted, it is clear that a discrete high grade gold copper porphyry system may be a target for our drill program, and this hole helps to further define the high grade zone that is emerging from the drill program. In other matters, in response to growing investor interest since our discovery at the Norte Zone, we have chosen to have Almadex’s shares upgraded to the OTCQX from the OTCQB® Venture Market, enabling even greater exposure and accessibility to our expanding U.S. and global shareholder base. Almadex will continue to trade under symbol “AXDDF” on the OTCQX and looks forward to broadening its shareholder base further through the OTCQX platform.”