Starcore International Mines Ltd. (TSX:SAM) has arranged a private placement of secured bonds in the aggregate principal amount of CDN$3 million. The Bonds will bear interest at 8% per annum, payable on maturity, and will mature 24 months from the date of closing. There are also provisions for early repayment. The Bonds are secured by a charge on all of the Companys assets.
Definitivamente, como lo manifestamos en su momento, no estamos de acuerdo con el impuesto ecológico, así lo manifestamos al Congreso del estado y al gobierno del estado. Ese proceso está en instancias judiciales, tenemos una impugnación del gobierno federal y será el tribunal de justicia quien resuelva, dijo Octavio Alvídrez Ortega, director general de la empresa Fresnillo plc, en mayo pasado.
N. Eric Fier, CPG, P.Eng and CEO, remarked, With this confirmed discovery of continuous high-grade mineralization in the Granaditas Vein, we continue to increase our near-surface high-grade footprint in the district. In early 2017, the Company received from a local rancher a historic map showing the location of the Granaditas Mine that was operated by the Spanish in the early 1800s. Up until receipt of the map, the location of the mine was unknown and documented as a lost Spanish mine. Historic reports show that approximately 3 million ounces of silver were mined from the Granaditas Vein to a depth of 90 feet where water was encountered. SilverCrest drilled below this depth and intercepted high-grade mineralization using the same geologic controls as other high-grade veins in the district. It is our intention to further drill test the Granaditas, Babicanora Norte, Babicanora, Babi Sur, Luigi and other veins during the next couple of months and include the results in the proposed updated resource planned for Q3 2018.
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