Oceanus Resources Corporation is pleased to announce that it has added 4,465 hectares to its El Tigre claim package. This represents an increase of 20% for a total land package of 26,307 hectares.
Highlights from the December 31, 2017 MRMR statements include:
Mineral reserves of 417,000 ozs gold at 3.94 g/t net of mining depletionsince June 30, 2016
A 34% increase in measured and indicated resource to 511,000 ounces at 4.32 g/t
A 23% increase in inferred mineral resources to 220,000 ozs gold at 4.2 g/t
The Company exceeded its annual production guidance for a second consecutive year with 24,385 ounces of gold and 77,082 ounces of silver produced during the fourth quarter and 139,658 ounces of gold and 357,901 ounces of silver produced for the full year. Metal sales were 23,000 of gold and 77,096 ounces of silver for the fourth quarter and 155,727 ounces of gold and 338,831 ounces of silver for the full year.
Luego de realizar una serie de trabajos de inspección en el Río Piaxtla, la Procuraduría Federal de Protección al Ambiente (Profepa), no detectó ningún cambio físico adverso en el cuerpo de agua en el que en días pasados se registró un derrame de solución de cianuro que causó mortandad de peces.
Presentan proyecto ambientalista en San Julián, Guadalupe y Calvo, en el que se prevé la construcción de una presa para utilización sustentable del agua en el proceso de extracción minera. El alcalde Noel Chávez destacó ante la presencia del gobernador Javier Corral, la importancia de los proyectos sustentables en pro del medio ambiente.
The Mexican Superior Court issued a unanimous ruling this week in favour of Nasdaq-listed Odyssey Marine Explorations subsidiary Exploraciones Oceánicas (ExO), which overturned a previous denial of ExOs environmental permit application to extract phosphate sand from its Don Diego project, in the Bay of Ulloa.
Carlos Silva, Santacruz’s COO stated “I commend our Technical Team for achieving this significant milestone ahead of schedule. This new increased milling capacity will allow us to shortly achieve positive cash flow at the Veta Grande operations.” Mr. Silva continued; “Our exploration programs will keep advancing to establish and increase our mineral resources with the eventual plan to further expand mill capacity at this historical silver rich mining district of Veta Grande”.
During 2017, silver equivalent production increased by 26%, copper equivalent production decreased 1%, and zinc equivalent production decreased by 9% compared to 2016. During Q4 2017, silver equivalent production increased by 15%, copper equivalent production decreased 12%, and zinc equivalent production decreased by 8% compared to Q4 2016. The decrease in metal production was due to lower production in Mexico, partially offset by record throughput, which led to an increase in production, in Peru. The temporary decrease in metal production in Q4 2017 compared to Q4 2016 was primarily due to lower throughput, head grades, and recoveries at the Bolivar Mine, and decreases in throughput and recoveries at the Cusi Mine.
During 2017, we achieved dry mining conditions for the first time since the earliest days of Platosa, stated Brendan Cahill, President and Chief Executive Officer. The stage is now set to ramp production up to optimal levels and begin realizing Platosas full potential….”
First Mining Gold Corp. announces the appointment of Jeff Swinoga to the Companys Board of Directors and the departure of Patrick Donnelly as President of the Company. Effective immediately, Jeff Swinoga will assume the role of President and Chief Executive Officer, along with the former responsibilities of Mr. Donnelly.
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