Dan Omeniuk MX Gold Corp. Chairman and CEO said: MX Gold due diligence work to date has provided us with results very similar to if not slightly better than previous studies thereby giving us greater confidence in the project as we move towards production.
“Based on confidence gained in several consecutive, annual underground drilling campaigns on the Mala Noche Footwall Zone, we recently added two surface rigs to step up the pace of exploration and facilitate better long-range planning. Our furthest step-out hole to date intercepted strong copper mineralization 580 metres along strike to the southeast from the limits of the current MNFWZ Indicated Mineral Resource,” said Brad Mercer, Capstone’s Senior Vice President, Exploration. “We encountered copper grades in excess of 4% immediately adjacent to Endeavour Silver Corp. claims over larger than average widths than typical of the MNFWZ. As a result, we have entered into an agreement with Endeavour which allows us to follow the footwall structure beyond the boundary of our concession.”
Drill hole Z17-26 intersected 834 g/t silver over 3.38 meters (true width) including 1,448 g/t silver over 1.26 meters (true width) at the San Felipe prospect on the El Paso Vein. The zone remains open for expansion. IMPACT mining personnel plan to access the old San Felipe Mine workings to establish underground drill stations to continue testing the zone. The El Paso Vein is centrally located within the district, passes less than one kilometer from IMPACT’s producing 535 tonne per day Guadalupe processing plant, and represents a potential near-term source of additional high-grade feed for the plant.
Tenemos conocimiento que para este año serán 14 millones del Fondo Minero que se aplicarán en comunidades cercanas a las operaciones mineras, esta cantidad es solamente para Fresnillo, otra para la capital zacatecana y otra más para la Federación; es una cantidad importante de recursos que aporta Minera Saucito y Minera Fresnillo para este fondo, aseguro Jerónimo Medina.
Aztec Minerals Corp. announces the appointment of Neil MacRae as its new Vice President of Investor Relations. Mr. MacRae will be responsible for overseeing all aspects of Aztecs shareholder and investor relations programs including the development and implementation of Aztecs strategic marketing and financial goals and plans to create exceptional shareholder value.
Curtis Turner, CEO of Candelaria, stated: We would like to thank Sokhie for his contributions to the Company and wish him the best in his future endeavours. The Company is pleased to have Mark Backens join us as Chairman of the Board and Wayne Hubert added to the board. Both Mark and Wayne have vast experience in the industry and in creating value. We look forward to working with them to continue to strengthen the Company. This latest corporate update demonstrates our commitment to the future of the Company and we look forward to further updates from our on-going drilling and permitting activities at Caballo Blanco later this year.
United States Antimony Corporation reported the successful production of antimony tri-sulfide per military MIL-A-159D specification. The product is used in all center-fire cartridges for military and commercial production. Initial production was on a small scale, but additional equipment is being installed to enter the market. The product contains 70.5% antimony. At a Rotterdam price for metal at $3.833 per pound, the antimony in the tri-sulfide would be worth approximately $10.75 per pound. Additional markets include the friction brake industry.
Magellan Gold Corporation is pleased to announce that Magellan and Rose Petroleum plc have signed a definitive and binding stock purchase agreement in respect of Magellans acquisiiton of Roses mineral processing mill operation in San Dieguito de Arriba, Nayarit State, Mexico and its associated assets, licenses and agreements. The purchase of the mill is expected to close in October 2017.
Silver One Resources Inc. is pleased to announce that it will conduct a non-brokered private placement of up 10,000,000 units at a price of $0.40 per Unit for gross proceeds of up to $4,000,000.
Endeavour Silver Corp. announces it has acquired the right to explore and mine for precious metals above the elevation of 2,000 metres above sea level on the 181-hectare Toro del Cobre concessions owned by Capstone Mining. Capstones concessions are adjacent to the 75-hectare Calicanto concessions held by Endeavour in Zacatecas, Mexico. In return, Endeavour has granted Capstone the right to explore and mine for base metals below the elevation of 2,000 masl on the Endeavours Calicanto concessions.
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