Month: July 2018

“We are excited to have discovered what appears to be the southern extension of the historic Promontorio-Quintera vein. This significant vein is abruptly cut-off by a fault while still in high-grade mineralization. The extension has the potential to host virgin mineralization at depth and at grades similar to those that were historically mined,” stated Darrell Rader, President and CEO of Minaurum.

The Canadian mining firm First Majestic Silver Corporation has announced the temporary suspension of work at its México state silver mine La Guitarra, located in the municipality of Temascaltepec.

La empresa canadiense afirmó que la situación económica complica la operación ordinaria de la explotación mineral.

GoGold Resources Inc. (TSX: GGD) announces sales of 382,150 silver equivalent ounces for the quarter ended June 30, 2018, which was an increase of 34% over the previous year. The Company produced 163,991 ounces of silver and 1,630 ounces of gold for 292,273 silver equivalent ounces at the Parral project during the quarter, a 2% decrease from the prior year.

IMPACT Silver Corp. is pleased to announce the discovery of a new zone in the San Ramon mine. The new San Ramon Deeps #2 Zone was discovered through an underground drill program testing the southern extension of the vein system. High-grade silver results have been intersected 100m south of current mining levels of the San Ramon Mine in the Royal Mines of Zacualpan Silver District, central Mexico. The zone remains open for further extension vertically above for nearly 300 meters and to the south.

“During the quarter, the integration of the newly acquired San Dimas mine into our Mexican portfolio was our primary focus,” said Keith Neumeyer, President & CEO. “The world-class San Dimas operation, which contributed only seven weeks of production in the second quarter, propelled the Company to a new quarterly production record of 5.1 million silver equivalent ounces and has become our cornerstone asset and will remain a major focus for the next several quarters as we optimize the operation…”

Colibri Resource Corporation wishes to announce assay results from the last seven holes and two hole extensions completed on its Phase 1 reverse circulation drilling program on its 100% owned Pilar Gold Project in Sonora, Mexico. Highlights include an intersection of 61 meters of 0.75 grams per tonne gold which includes 17.3 g/t over Au over an intersection of 1.5 m in hole JES-18-24.

Rodrigo Barbosa, President and CEO of Aura, stated, “I am proud to announce the restart of Aranzazu. This is a transformational step in the Company’s strategy to generate value and growth from projects that have great potential. The feasibility study shows that Aranzazu will increase the Company’s revenues and EBITDA and the addition of copper concentrate production at cash costs after gold and silver credits of $1.81 USD/lb will provide a more stable cash flow to those generated from our gold mines. The feasibility study has been an extremely thorough process with a focus on cost reduction while maintaining the highest of standards. We are confident that Aranzazu will be beneficial for all of our stakeholders.”