“Since the 20 September shipment, the Plomosas operating team has continued to perform safely while delivering production and development in line with expectations. Production haulage to the surface has been challenging with a “zig zag” in the decline however, we are taking steps to remove this restriction and increase our production once this bypass is complete.”
Westminster Resources Ltd. is pleased to announce that Ms. Chafika Eddine, MA, LLB has been appointed to the Board of Directors of the Company.
Riversides President and CEO, John-Mark Staude, stated: We continue to advance multiple discussions with prospective partners at Cecilia and whether we partner or sole-fund the Project, Riverside wants to see drilling in the near future to test the targets that have been generated. The district scale targets show strong gold values and good continuity. We are excited about the transformational discovery potential with future trenching and drilling at Cecilia.
Mr. Robert Polce, CEO stated: We are aware that this solvent is environmentally friendly, and we intend to further test it for its value as a replacement for certain other chemicals which are now used in the Natural Gas/Oil Fracking industry.
The goal of initial drilling at Miguel Auza is to test structures at depth and along strike for their potential to host economic mineralization. These results confirm proof of concept, stated Ben Pullinger, Senior Vice President Geology. We have seen grade and width improve at depth at Lechuzas and high-level epithermal textures and anomalous precious metals at Lechuzas, El Cobre and Abejas. Our expanded drill program will focus further understanding the greater system around Miguel Auza.
Antonio Berlanga, CEO, states The development of these 6 production stopes within the Level 12 decline, plus the additional 6 stopes that will be developed soon from the Level 20 decline currently underway, ensures the Tahuehueto Mine development provides access to at least the first 2 years of ore production at the projected capacity of 1,000 tpd. This development also ensures a steady supply of above 10 g/t AuEq ore to be shipped to the Atocha Toll Mill to continue to generate sales of produced zinc and lead concentrates containing significant gold and silver content to be delivered to Trafigura under the Telson/Trafigura Off-take loan agreement.
This transaction aligns with our stated initiative of building a profitable and low-cost precious metal company in the Americas by operating and building low risk, low capital, high return projects, said Darren Blasutti, President and Chief Executive Officer of Americas Silver. With the on-schedule and on-budget construction and rapid commissioning of San Rafael now successfully completed, we are focused on the next leg of growth todays transaction delivers this growth platform, while also providing us with additional precious metal exposure and a near-term operating presence in Nevada.
Camrova Resources Inc. wishes to announce that pursuant to debt settlement agreements previously announced on August 16, 2018, it has received final approval from the TSX Venture Exchange and has issued 1,954,440 common shares at a deemed per share price of $0.075 to fully settle an aggregate Cdn $146,583 of indebtedness owing to certain arm’s length and non-arm’s length creditors. The settlement shares are subject to a statutory hold period of four months plus a day in accordance with applicable securities law legislation.
“The acquisition of the Santana project was a major milestone for the Company not only for the near-term production potential but also for the significant exploration upside that existed.” stated Darren Koningen, CEO of Mineral Alamos. “As we have aggressively moved forward with the production permitting our exploration group has been working hard to expand our understanding of the geological sources of the gold mineralization that occur throughput the property. The recent confirmation of the new Zata Zone and its similarities to the Nicho area is an exciting development and further confirmation of the true potential for the Santana concession to host to a number of gold mineralized breccia systems.”
CEO John Lawrence said “The long term USAC investments of capital, manpower, research and tenacity are coming to fruition in our Mexican operations. Despite criticism, the corporate identification of major antimony deposits in North America, investment of time and capital, and foresight to hold them is now starting to pay off. By the end of the year, all of the properties could be in production and revenue from antimony, silver, and gold should rapidly increase.”
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