Month: September 2017

No damage from Mexico’s earthquake to IMPACT Silver’s facilities in Zacualpan

On September 19, 2017, an earthquake with a magnitude 7.1, according to the U.S. Geological Survey, struck near Mexico City. The city has experienced some severe damage; however, the office staff in Mexico City are safe and have been sent home. The earthquake does not appear to have damaged the facilities of the mining operations in Zacualpan. Post-earthquake inspections at the mines and processing plant are currently being carried out.

Magellan Gold Announces New CFO and Secretary

Magellan Gold Corporation is pleased to announce the appointment of Michael P. Martinez as CFO and Secretary of the Company, effective immediately. To facilitate this change, John C. Power recently stepped down as CFO and Secretary. The Company wishes to thank Mr. Power for his service as an officer since Magellan’s inception. Mr. Power will continue in his role as a director of the Company.

McEwen Mining Announces Bought Deal of $40.5 Million

McEwen intends to use the net proceeds of the offering to fund the previously announced acquisition of the Black Fox Complex and associated assets and liabilities, an operating precious metal mine, associated claims and equipment located in the Township of Black River-Matheson, Ontario, Canada, and the Grey Fox Property, an exploration property located near the Black Fox Complex, and for working capital and general corporate purposes. If the foregoing acquisitions do not close, McEwen will use the net proceeds of this offering for working capital and general corporate purposes.

Telson Resources Secures US$5 Million Loan Facility and Offtake Agreement with Trafigura; Fully Funded to Restart Operations at Campo Morado Mine

Antonio Berlanga, CEO of Telson, states “We are very happy to be able to deliver to our shareholders this exciting key milestone which has secured Telson not only the US$5 million working capital we were seeking allowing Telson to commence full mining operations at Campo Morado but also, very good concentrate sale terms plus an experienced and professional funding partner recognized worldwide as a leading commodities trader. This working capital will now allow us to finalize the mill clean up and refurbishment, that we initiated immediately after acquiring this project, and commence fullscale mining and mill processing in early October”.

DynaResource, Inc. Announces News Release Issued by DynaResource De México, S.A. De C.V.

DynaResource, Inc. reports that DynaResource de México SA de C.V., the 100% owner of the San Jose de Gracia high-grade gold project, located in the County of Sinaloa de Leyva, State of Sinaloa, México, issued a news release dated Sept. 15, 2017, announcing the favorable ruling for DynaMéxico against Goldgroup Resources Inc. in an Amparo Trial (an appellate ruling) in the State of Veracruz, México.

Alio Gold To Commence Underground Decline And Exploration Program At Ana Paula

“Delineating further underground Mineral Resources and providing access to mine the Resources will add significant value to an already attractive project,” said Greg McCunn, Chief Executive Officer. “While we are advancing the project through the Definitive Feasibility Study towards a construction decision in Q2 2018, we will undertake a systematic drill program on the known continuation of the high grade breccia system and evaluate the deeper skarn target that has been identified by past drilling. We are also very excited about the surface drill target North of the proposed pit. With a large land package of approximately 56,000 hectares on the highly prospective Guerrero Gold Belt this is the start of what we expect to be a successful exploration program to enhance the already robust economics of Ana Paula.”

Americas Silver Corporation Provides Updated Mineral Reserve And Resource Estimates

“We’re pleased to have replaced and grown our metal inventory despite minimal exploration drilling until early 2017 due to the difficult state of the precious metal industry since 2012,” said Darren Blasutti, President and CEO. “The building of the San Rafael mine on time and budget coupled with the early drilling success of the adjacent Zone 120 deposit demonstrates the quality of our properties. It highlights the achievement of our disciplined capital allocation approach, prioritizing the most accretive investments to position the Company for future silver production growth without share dilution.”

Stockport Exploration Inc. Announces Proposed Acquisition of Sona Nanotech Limited

Sona is a nano technology life science firm that has developed two proprietary methods for the manufacture of rod shaped gold nanoparticles. The principal business carried out and intended to be continued by Sona is research and development of its proprietary technology for use in multiplex diagonostic testing platforms that will improve performance over existing tests in the market.

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