Month: January 2018

Torq Resources Inc. is pleased to announce the appointment of Daniel T. McCoy, Ph.D. as the Company’s Chief Geologist. Dr. McCoy has worked extensively in the mineral sector for over 27 years, specializing in precious metals exploration primarily in North and South America and Africa. He led the team credited with discovering the multi-million ounce Esaase gold deposit in West Africa. He also led the acquisition and exploration of the El Barqueno project in Mexico which was acquired by Agnico Eagle Mines Ltd. from Cayden Resources Inc. in 2014.

Mr. Carroll explained that the acquisition represents the culmination of two years of searching for a mineral property to replace the Tres Marias and Terrazas zinc-copper projects in Chihuahua, Mexico, and is a return to Canada for the Company.

N. Eric Fier, CEO, stated, “We are excited to have Chris joining our SilverCrest Team. Chris brings with him a wealth of industry knowledge including financing, market awareness, and investor relations skills. We are encouraged with the growing success at SilverCrest and believe it is time to welcome Chris with his additional skill set. Our expanded senior management team will allow us to further concentrate our efforts on the Las Chispas Property in Northern Mexico as well as other potential discoveries to strengthen SilverCrest’s long term growth. During his time at National Bank Financial and Canaccord Genuity, Chris developed a lengthy committed partnership with SilverCrest and the significant financial investment he is personally making today shows that growing commitment. I am excited to mentor Chris in his new role.”

Thomas Atkins, President and CEO of Mammoth commented on the debt settlement and options issuance, stating: “These shares for debt and options are being issued at a 33% premium to the recently closed private placement financing. The settlement of debt for shares, where certain insiders were willing to accept such shares enables this amount to be invested in drilling, With the company soon to begin releasing results from its diamond drill program at the Tenoriba gold-silver property in Chihuahua, Mexico this share for debt and the annual option issuance is timed prior to any news flow on the drilling where black-out periods can occur and to eliminate any risk that the timing of any future share/option issuance may be influenced by knowledge of pending results. The Company expects to report on the results from this drilling in the coming weeks as results become available.”

CZL currently owns 51% of the Joint Venture Company (Minera Latin America Zinc or “MLAZ”) which owns the Plomosas mine. The Mexican vendors, represented by Retec Guaru S.A.de C.V. (“Retec”) currently own the other 49% of MLAZ.

El 2018 traerá para el sector minero al menos unos 10 nuevos proyectos, en su mayoría de oro y plata, que en su conjunto sumarán más de mil millones de dólares.