Silver Viper Minerals Corp. announces that as a result of the departure of Stephen Brohman, the Companys Chief Financial Officer, it has appointed Melissa Martensen as Interim Chief Financial Officer of the Company, with immediate effect. Mr. Brohman had served as the Companys Chief Financial Officer since April 26, 2016. Mr. Brohman has resigned as a director of the Company.
First Mining Finance Corp. is pleased to announce that after accumulating 25 properties over the past two years through eight transactions, the Company is changing its strategy and name going forward, and will focus on advancing its existing properties to maximize shareholder value. In connection with this new strategy, Mr. Jeff Swinoga has been appointed by the Companys Board of Directors to succeed Dr. Chris Osterman as the Companys Chief Executive Officer effective as of January 15, 2018, and Dr. Osterman will assume the role of Chief Operating Officer of the Company to focus on project development. Mr. Patrick Donnelly, the President of the Company, will continue in his current role and will work closely with Mr. Swinoga.
Golden Goliath is pleased to announce that exploration management has begun its plans for the work that will be conducted on the Companys 100% owned San Timoteo property in this New Year. The Company will first complete the program started last year, which is the final step leading to a major drilling campaign including both surface and underground dill holes.
Bradford Cooke, CEO, commented, “In 2017, silver equivalent production met the low end of our original guidance and the high end of our revised guidance, notwithstanding several operating challenges at the Guanacevi mine. I am pleased to say our operations team resolved many of those operating issues and they have plans to complete Guanacevis recovery to normal operations in 2018….”
Mexican Golds President and CEO, Brian Robertson stated, Our outstanding success in 2017 was the result of the unwavering support of our shareholders and stakeholders. We thank you for your support and strong commitment to the Company. We also thank our employees, consultants and contractors who enabled us to achieve outstanding results in 2017 and look forward to delivering company growth and new discoveries in 2018.
San Marcos CEO, Bob Willis stated: This most recent discovery is further evidence of the regional implications of this very large mineralized system. Our recent drilling at the Santa Fe target at Chunibas discovered wide intervals of gold mineralization in hydrothermal breccias. Our newest discovery is primarily copper and silver mineralization in a different geological environment, over an area, which is open in all directions. While sampling is, by necessity, confined to outcrop exposures it is important to note that mineralization has been discovered in most exposures within a large and growing area. Every effort was made to generate representative rock chip samples of entire individual outcrop exposures. There is no evidence that this zone was previously explored or sampled. Management considers this new discovery highly significant and is following up on it aggressively.
“We are guiding production for 2018 consistent with our 2017 production. Planned capital expenditures in 2018 of $100 million reflect scheduled haul truck maintenance at Pinto Valley, the continuation of operations at Minto and an increased allocation for exploration at Cozamin, following up on 2017’s significant exploration success,” continued Mr. Pylot.
Kootenay President and CEO James McDonald states, As we prepare for an exciting year ahead of drilling in 2018, we are pleased to provide a review of activities detailing many of Kootenays significant achievements in 2017. Supported by an established NI 43-101 silver asset base of over 140 million ounces of silver equivalent*, we will focus our resources on accelerating the growth of this asset base in 2018. Our top priority remains the advancement of our flagship La Cigarra silver project, located in the Parral mining district in Chihuahua, Mexico. Ongoing exploration in 2018 will include drill testing of high-grade structures extending from La Cigarras existing silver resource, drill testing several new priority targets and the advancement of two recent discoveries on the project. We look forward to providing further updates on activities as they develop.
Carlos Silva, COO of Santacruz, stated “The purpose of this diamond drilling campaign is to confirm the width and grade of the Veta Grande vein at depth which will allow us to properly develop a mine plan to deliver mineraized material to the expanded Veta Grande mill” Mr. Silva continued “These ongoing activities at Veta Grande will result in more reliable operations and provide a solid base for growing the Company.”
Tawn Albinson, the President of Prospero Silver commented: “Petate is the second project of three selected for first-pass drilling as agreed with our strategic partner Fortuna Silver. Under our arrangement with Fortuna, when we have completed drilling three projects, they have the right to select one for a joint venture. We are happy with the results at El Petate. In particular, holes 1, 9 and 11 have highlighted interesting grades over intervals of up to 24.9m downhole, although with unknown strike extent, indicating prospective deeper targets for a follow-up program. We are strongly aligned with Fortuna to drill as many of Prospero’s projects as possible, hence the plan to mobilise onto the next target, Pachuca SE, as soon as possible — hopefully in January. The Pachuca SE target lies about 20km southeast of the Vizcaina vein, one of the largest silver-rich epithermal veins in the world.”
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