The Company intends to use the net proceeds of the Offering for continued drilling, geological, engineering and metallurgical investigations and associated consulting services on its Manto Negro Copper Project located in Coahuila State, Mexico.
SEDENA was immediately informed of the ruling and it is expected that SEDENA will reinstate the explosives permit imminently. Once SEDENA officially reinstates the explosive permit, the Company will be able to resume blasting operations. It is anticipated that ramp up of full operations will be re-established by approximately mid-July.
Alonso Lujan, Vice President Exploration at Sierra Metals commented: Todays press release demonstrates the existence of increased high-grade silver mineralization at Cusi with the potential for further resource development, as this area remains open at depth and along strike. The increased potential resources defined today will allow the Company to utilize the highly productive exploitation method of sublevel caving and help achieve its economic objectives at the Cusi Mine. …
The old permit was for core drilling with a man portable rig, did not allow for the construction of an access road and was due to expire on July 30, 2018. The new permit will allow for the drilling of 12 drill holes, the building of 12 drill sites 14 x 7 meters suitable for using a reverse circulation drill, and the construction 3,693 meter access road 7 meters wide in order to reach the 12 new locations.
All of the matters submitted to the shareholders for approval as set out in the Company’s Notice of Meeting and Information Circular were approved by the requisite majority of votes cast at the AGM.
La empresa de Carlos Slim dijo en un comunicado a la Bolsa Mexicana de Valores que participará en partes iguales en el proyecto en la zona del valle de Mazapil, en el estado central de Zacatecas.
Minera Frisco (MFRISCOA1.MX), a mining company controlled by Mexican tycoon Carlos Slim, said on Thursday it had struck an exploration agreement in Mexico with a local unit of Canadas Goldcorp Inc (G.TO) in which the two would be equal partners.
“Goldcorp’s dedication to continuous improvement elevated our sustainability performance once again in 2017,” said Mr. Brent Bergeron, Executive Vice President, Corporate Affairs and Sustainability. “Innovation, consultation and partnerships are cornerstones of our sustainability strategy, and underscore sustainability initiatives that are fully integrated with our business drivers. We are pleased to see that ongoing efforts to build trust and constructive working relationships with our host communities are delivering sustainable value long-term social and economic benefits that make a positive difference in areas where we operate.”
Harvest Gold’s President and CEO Rick Mark states: “We are all very pleased to have a person of Pat’s background and experience join the Harvest Board as an Independent Director. I first met Pat ten years ago when he was a Mining Analyst and I was running VMS Ventures. He was professional, thorough and really understood want it took to be successful in exploration endeavors. Since then, he has moved to the management side of the public company world and recently had a great run as President of First Mining Gold Corp. where he raised significant dollars, built an impressive Company and learned much about Gold and Silver exploration in Mexico. He is a perfect fit for us and I look forward to working with him.”
Kootenay Silver Inc. (TSXV: KTN) is pleased to announce that its wholly owned Mexican subsidiary has entered into an option agreement with Capstone Mining Corp. (TSX: CS) on the Companys La Mina Project, located 180 kilometers southeast of the city of Hermosillo in Sonora State, Mexico. La Mina was staked by Kootenay as part of its generative property portfolio strategy and covers the upper levels of a zoned copper porphyry mineral system exposed over a 2 by 2 kilometer area.
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