Azure Minerals Limited wishes to announce that the Board proposes to seek shareholder approval for a consolidation of the issued capital of the Company through the conversion of every twenty existing shares into one share.
Due to the current political climate and upcoming state and federal elections, the Company has decided to retract the environmental permit for the Caballo Blanco project which was submitted to the Mexican Environmental Authority on July 14, 2017 (see July 27, 2017 news release for details). The Company will use this time to further optimize the project and continue ongoing dialogue with the local communities and state and federal officials.
The accident occurred as part of the construction of the 790 ramp at the La Encantada mine. A total of four miners lost their lives due to gas intoxication which accumulated in the area. There was no explosion as other media sources have reported. It is believed the operator of a scoop tram lost consciousness while mucking the area. Three additional miners later arrived to the scene to provide assistance to the ill miner. The four men were carrying all required personal protection equipment, including safety belt breathing apparatuses, but sadly did not use the equipment. The emergency response crew was dispatched and successfully extracted the four miners before transporting them to the local hospital where they were later pronounced deceased.
Kootenay Silver Inc. is pleased to report that Aztec Minerals Corp. today announced additional trenching has returned attractive gold, copper, and molybdenum grades at the Jasper prospect on Kootenays Cervantes Property in Sonora State, Mexico. The property is one of Kootenays generative projects and is under option to Aztec Minerals.
The new trench and soil data significantly extend the length of porphyry mineralization at the Jasper prospect and provide an excellent drill target to complement the adjacent California porphyry oxide gold-copper target, said Joey Wilkins, President and CEO. Trenching continues at Jasper and now also at California. Aztecs first drill program on the Cervantes property is set to begin in the next month.
“Initial concentrate deliveries were on time, met internal targets and third party specifications” said Darren Blasutti, President and CEO. “Despite a transitional third quarter, the start-up of the San Rafael mine and continued strengthening of zinc and lead prices sets-up our fourth quarter and next year for significantly reduced all-in-sustaining costs and free cash flow. We expect to use this cash flow to further explore, develop and organically grow our large and prospective silver reserves and resources without equity dilution.”
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