Month: October 2017

Neil Woodyer, CEO stated: “This updated resource estimate includes a 94% increase in the Measured and Indicated resources and underscores the magnitude of the oxide mineralization of the Bermejal Underground deposit. In addition to converting the previously estimated Inferred resources of 678 koz to mostly Indicated resources, the program has also added 820 koz to the new Inferred resource estimate. The exploration success at Bermejal Underground, which drives this resource update, also supports our development plan to expand Los Filos’ gold production rate. The ramp to access the Bermejal Underground deposit recently commenced and has advanced 27 metres as of October 13, 2017.”

Mexican Gold Corp. is pleased to announce that resource expansion drilling has intersected long intervals of strong chalcopyrite, bornite and magnetite mineralization totaling 77.2 metres at the El Dorado / Juan Bran zone at its Las Minas property.

“The turnaround in production at Platosa was clearly evident during the third quarter, with significantly improved tonnage-per-day, grades and costs,” stated Brendan Cahill, President and Chief Executive Officer. “All-in sustaining cost decreased during the quarter to approximately $11-$13 per payable silver ounce. We are now well positioned to continue ramping up production from four mantos through the fourth quarter and to realize a further decrease in AISC and increase in cash flow.”

Fortuna Silver Mines, Inc. is pleased to announcethird quarter 2017 production results from its two operating mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The Company produced 2.0 million ounces of silver and 13,412 ounces of gold, plus base metal by-products. Silver and gold production for the first nine months totaled 6.2 million ounces and 41,158 ounces respectively; being 2 percent and 5 percent above the Company’s nine month projection. Fortuna is on schedule to produce 8.1 million ounces of silver and 52.4 thousand ounces of gold or 11.2 million Ag Eq1 ounces in 2017.

Silver equivalent production increased by 17% to 760,756 oz*

Gold production increased by 47% to 2,673 oz

Silver production decreased by 10% to 368,456oz

Copper production increased by 6% to 1,106,305 lbs

Mexus Gold US announced that it has retained gold recovery expert Robert Garcia to assist with an increase in production at the Santa Elena mine. To date, the recovery of gold via the Merrill Crowe system has not been adequate due to issues with the chemical analysis and flows. Mr. Robert Garcia is President of Auric Metallurgical Resources in Arizona and has extensive experience with mines and metallurgy. Mr. Garcia is evaluating and customizing the Merrill Crowe gold extraction plant which will help achieve maximum recovery.

Lithium Australia Managing Director Mr Adrian Griffin: “The move to majority ownership at Electra and the emergence of the western flank of Agua Fria as a significant discovery with near-term potential, reflects the depth and scope of the Company’s unerring growth strategy to build a lithium business based on breakthrough processing technologies applicable to unconventional and once considered uneconomic feedstock sources, and to de-risk our strategy by evolving partnerships and project interests across the globe, as well as our flagship lithium interests across Western Australia. We will continue to partner closely with Alix to maximise the unfolding upside in Agua Fria in line with developments globally in the lithium-ion new battery era space.”