Robert Willis, San Marcos CEO stated; A significant part of building a strong exploration team is recognition of leadership skills. Chris has not only assembled an experienced, quality geological team, but he has been instrumental in successfully advancing our 1068 Project to drill readiness, and responsible for our recent copper/silver discovery at our Chunibas Project.
Fred Stanford, President & CEO of Torex stated: This extension to the previously agreed waiver on the part of the lenders provides an extra level of comfort to temporarily minimize any risk of covenant breach while we endeavor to re-start operations at the ELG Mine. Once again, our appreciation to the Lenders for their unwavering support.
Tim Barry, President, CEO and director of Silver Bull states, “We are very pleased with the continued excellent results from our underground drill program in the sulphide zone. The high grade silver-copper mineralization seems to be hosted along favorable bedding horizons that have been steepened by an over lying thrust fault. Both the thrust fault and the favorable bedding horizons can be traced for over 5 kilometers along the entire deposit and suggests there is significant potential to expand the high grade silver-copper mineralization by targeting these geological features. In addition recent channel samples in two new zones of very high grade zinc sulphide mineralization grading up to 30% zinc identified in recently reconditioned underground workings sit along trend to the west of the current drill program (announced 10 January 2018) and suggest significant scope to expand high grade zinc mineralization into this areas. Work is currently underway to identify drill pads to target these areas. Continued results from the drill program are expected out over the next month.”
Westminster Resources Ltd. is pleased to announce that it has retained the services of Mark Carruthers to provide in-house investor relations on a month-to-month basis with an effective date of November 1, 2017. Mark has 25 years of market experience including over eight years in investor relations and has provided marketing and support to other junior public companies. As consideration, the company has agreed to pay a monthly fee of $3,000 and intends to grant Mr. Carruthers 250,000 stock options, exercisable for a period of two years from date of granting at a price to be determined. These options are granted subject to the company’s Stock Option Plan, and will have a vesting provision of 25% of the options upon the date of the grant, and 25% on the first business day of each of the subsequent three quarters. The options are subject to regulatory approval and the rules and regulations of the TSX Venture Exchange.
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