The federal environmental agency has fined a United States-owned Oaxaca mine 9.8-million pesos (over US $520,000) for operating without the necessary permits in the Central Valleys region of the state.
Silver Spruce Resources Inc. announces that further to its news release dated December 11, 2017, the TSX Venture Exchange has granted an extension to the deadline to complete the previously announced private placement of up to 30,000,000 units at a price of US$0.06 per unit for gross cash proceeds of up to US$1,800,000 to March 9, 2018.
WOLVERINE MINERALS CORP. announces that, subject to TSX Venture Exchange approval, it intends to proceed with a name change to Aloro Mining Corp.
J. Duane Poliquin, Chairman of Almadex commented, We are very excited to report these final assays from the very successful 2017 drill program. In 2017 we stepped out roughly 2 kilometers to the south of the Norte Zone and hit significant mineralisation in first pass drilling in the northern part of the large Villa Rica Zone. We believe that the results from Raya Tembrillo are proof of large scale porphyry potential in this part of the project. The drill results from 2016 and 2017 clearly show that we are dealing with a large cluster of porphyry systems all of which hold the potential to be important porphyry copper-gold deposits. We are currently defining a large 2018 drill program and look forward to reporting that shortly.
BACANORA MINERALS LTD., the Canadian and London listed lithium company, announces.that it intends to re-commence the process of changing the domicile of jurisdiction from Canada to the UK.
Jim Culver, CEO of VVC said, “We at VVC are excited by the results of the first 2 phases of this Samalayuca drilling program. This drilling program has provided us with a wealth of data, most of it very encouraging. The results are by necessity – technical, detailed and voluminous. I would encourage readers of this news release, particularly those who have a technical interest, to go to the VVC website where the drilling data and associated information is presented.
These results confirm continuity of high grade mineralization along trend at San Javier. We are very pleased with the higher gold numbers found at the Lydia zone which has been sampled over a 10 metre section on surface. Internal to this section, there appears to be 6 metres evidencing substantially higher gold and silver grades. As first identified in our drill program during 2017, the defining characteristic of our San Javier property appears to be the higher relative grades. stated Hub Mockler, Executive Chairman.
“Coeur’s robust operating performance during the fourth quarter led to strong financial results for the quarter and full year. Our multi-year strategic initiatives are generating higher-quality ounces and strong cash flow from our well-balanced portfolio of North American-based assets,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer. “During 2017, we successfully repositioned and strengthened the Company on multiple fronts. We upgraded our portfolio and pipeline of assets to reflect a North American focus with the acquisition of the high-grade Silvertip mine in Canada, our announced divestiture of our highest cost mine in Bolivia and the sales of nine non-core assets. We repositioned our balance sheet to provide greater financial flexibility and materially reduce annual interest expense. By allocating additional capital to near-mine exploration, we expanded our reserve and resource base by double digit percentage increases, which we anticipate will lead to high-return, long-term value for our stockholders.”
“This funding will provide Colibri an opportunity to test the drilling model created by our in-house experts & renowned consultants and push us towards our goal of expanding and further confirming our resources. We continue to strongly believe that Pilar has the ability to scale up significantly and become a low cost, open pit, heap leach operation in a very mining friendly jurisdiction. Colibri will begin work as quickly as possible upon closing of this funding,” stated Ron Goguen, President of Colibri.
J.D. Poliquin, chairman of Almaden stated, We are extremely pleased to welcome Mr. Morris to Almaden. He brings a wealth of experience and expertise to the Ixtaca project. We look forward to working together now to bring Ixtaca from an advanced development stage project to a sustainable, clean and profitable producing mine for the benefit of all stakeholders.
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