Azures Managing Director, Mr Tony Rovira, commented: This initial Oposura Mineral Resource is a very positive outcome for the Companys development and production strategy. Containing over 220,000 tonnes of zinc and lead and 1.6 million ounces of silver in near-surface, high-grade mineralised zones, Oposura is presenting a strong case for mine development.”
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.
Doug Fulcher, CE0 and President of the Company noted The recent results from the geochemical, geophysical, and geological programs are more encouraging than expected. We look forward to compiling all the data to focus on the 4,000 meter drilling program to test coincidental targets.
Dan O’Flaherty, President and CEO of Maverix, commented, “We are pleased to have completed another transformational transaction that meaningfully increases our scale and cash flow, further diversifies our portfolio geographically and significantly increases our attributable gold equivalent resources. While a limited number of the royalties were repurchased for cash at full value, we expect the resulting increase in our financial capacity will enhance and accelerate our ability to continue to grow our precious metals royalty and streaming portfolio.”
Golden Reign Resources Ltd. (TSX-V: GRR), Marlin Gold Mining Ltd. (TSX-V: MLN) and Sailfish Royalty Corp. (TSX-V: FISH) are pleased to announce that they have entered into an agreement to further extend the termination date of the previously announced non-binding letter of intent regarding the business combination of Golden Reigns wholly-owned San Albino-Murra Property in Nueva Segovia, Nicaragua and Marlins La Trinidad Mine in Sinaloa, Mexico.
Martin Rosser, Chief Executive Officer, said: “We are delighted with the grant of our patent in Chile for a Method for Ammoniacal Leaching. Chile is the world’s largest producer of copper and a leader in copper heap leaching. We believe that there are significant opportunities in the country where AmmLeach® has major benefits compared to conventional acid leaching methods.”
Professor John M. Guilbert, Dr. Leo J. Miller, Robert E. (Bob) Murray, and Douglas (Doug) B. Silver will join 240 other mining industry luminaries when formally inducted into the National Mining Hall of Fame on September 29th, 2018. Additionally, the Prazen Living Legend of Mining Award will be presented to the Freeport-McMoRan Foundation. The 31st Annual Induction Banquet and Ceremony will be held at the Ritz-Carlton in Denver, CO.
United States Antimony Corporation (NYSE American: UAMY) reported successful testing of a new product, antimony tri-sulfide (also called “needle antimony” or “crudum”). The product is used as a primer component in center- fired ordnance. China has historically been the principal source of the product in the United States and most other countries. The USAC antimony tri-sulfide has complied with the military specification of MIL-A-159D. The product is now being offered to commercial manufacturers of ordnance. USAC will source the antimony ore from one of its Mexican mines and it will be transported to its floatation mill in Guanajuato, Mexico. The floatation concentrate will be shipped directly to Montana for processing. The processing cost using a proprietary method developed by USAC will be cheaper than the production of antimony metal or oxide. Additionally, the price for the contained antimony is significantly higher than that in antimony oxide or antimony metal. Besides the ordnance market, a larger market for the product is in the friction brake industry. The Company has received request for the product from Japan and Europe.
Mexus Gold US (OTCQB:MXSG) announced that the joint venture with MarMar Holdings has been officially terminated. Mexus attorney, David Armendariz, states that the contract signed in June, 2016 was voided due to Marmar Holding SA de CVs lack of compliance with certain clauses in the agreement. Mexus Gold Mining SA de CV complied with all requirements established in the joint venture agreement which furthered the basis for the contract to be voided. The termination of this agreement has been certified by both Sonora and Coahuila´s attesting officials. Mexus now has numerous options at the Santa Elena mine which could include a new joint venture.
One World Lithium Inc. (CSE:OWLI) today announces that the previous non-brokered private placement it announced on May 25, 2018 will be replaced with a non-brokered private placement of up to 13,333,334 units at a price of $0.15 per Unit for gross proceeds of up to $2,000,000. All funds are stated in Canadian dollars.
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