CZL CEO Brad Marwood said, This is an exceptional opportunity for CZL to increase value for shareholders and is by far the best opportunity identified to increase production of zinc, lead and silver in the near term. We continue to execute our plan to rapidly grow CZL into a mid-tier zinc producer, and we will be ramping up production at Plomosas over the coming months to build on this plan.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: We have moved the Tabasquena project forward significantly in our first 7 holes finding a cluster of over 30 epithermal vein intersections. Not far from us if Fresnillo, Mexico, and right beside the city is a cluster of approximately 20 epithermal veins that were mined for over 500 years. We are in one of the most important silver and gold districts in the world and have founda cluster of epithermal veins in a small area.
Kootenay Silver Inc. is pleased to announce that it has acquired the Mecatona Property by staking of 2,857 hectares in the Parral Silver Mining District, located south of the City of Parral in Chihuahua State, Mexico and southeast of the Companys flagship La Cigarra Project.
“We believe the days of diesel use for underground mining equipment are numbered and electrification of our mobile fleet is a logical way to significantly reduce the mine’s environmental footprint,” said David Garofalo, Goldcorp’s President and CEO. “We are partnering with like-minded technology suppliers like Maclean Engineering and Sandvik, provincial and federal governments and First Nations to commercialize clean technologies, improve health and safety performance, and reduce GHG emissions with the aim of improving the viability, sustainability and profitability of our mines. It’s gratifying to see multiple levels of government support innovation and our vision of a safer, greener mining industry.”
Southern Silver Exploration Corp. reported today that four additional drill holes have now been completed on the North Skarn Target as part of the 12,000 metre core hole program at Cerro Las Minitas which successfully extended shallow Skarn Front mineralization laterally from the historic Santo Nino mine and identified several new mineralized intercepts that may form extensions of the El Sol deposit.
Manto Negro is a district-scale opportunity with high grade copper and silver. We are currently drilling just two of the best exposed showings but have multiple targets to consider, said Michael McPhie, President and CEO of Prize Mining. Bringing on a group like Stantec to implement a GIS is intended to help us gain a better understanding of the key geological controls to define future drill targets and build a copper resource on the property.
Thomas A. Doyle, President and CEO of the Company, stated that having Agnico as a strategic investor, particularly given its technical knowledge in an area that is geologically complex, will be a great advantage to the Company, especially during the exploration stage.We look forward to the upcoming drill program.
GOLDCORP INC. announces that that it has received approval from the Toronto Stock Exchange of its Notice of Intention to Make a Normal Course Issuer Bid. Under the NICB, Goldcorp may purchase for cancellation up to 43,476,502 Common Shares (representing 5% of its 869,530,053 issued and outstanding Common Shares as of October 26, 2018) over a twelve month period commencing on October 31, 2018. The NCIB will expire no later than October 30, 2019.
Mexus Gold US the necessary steps to begin drilling at the Santa Elena mine. The completion of permitting and contracts will allow the company to begin phase 1 of its drilling program by November 1st, 2018. Mexus anticipates that the initial drilling program will be completed by December 1st, 2018. In addition, the company will have obtained all the necessary information required to begin working on a 43/101 report by year end. Mexus will release drill results as they are obtained.
Mining commenced at Plomosas Mine for total capital cost of US$275,000
Toll treatment and offtake agreements executed with Grupo Mexico
Bankable Feasibility Study Completed
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