Month: January 2019

Sable Resources Ltd is pleased to release its 2018 Exploration Program Summary. The summary covers Sable’s projects in multiple jurisdictions including Mexico, Argentina, Peru, and Canada.

Glenn Jessome, President and CEO of Oceanus, commented: “Since acquiring the El Tigre Property at the end of 2015, we have completed in excess of 12,000 metres of diamond drilling, generated a 43-101 mineral resource estimate containing indicated resources of 661,000 gold equivalent ounces and inferred resources of 341,000 gold equivalent ounces, and our experienced exploration team has identified several additional high-priority exploration targets located to the south, north and north-east of the resource area. With the favorable El Tigre Formation having been followed for more that 10 kilometres, we believe that we have the makings of a district-scale system. We are still in the early days of unlocking the potential of the large land package we have at El Tigre and look forward to further exploration success in 2019.”

Ore production of 4,072 t at grades of 10.20% Zinc, 2.4% Lead. Commercial production achieved during the month.

“The completion of this reverse split marks an important step in the recapitalization we have accomplished over the course of the last year,” said W. Pierce Carson, President and CEO of Magellan. “We believe this reverse split will increase the attractiveness of our stock to investors and ultimately facilitate the raising of additional capital to support our growth plans.”

Leagold CEO Neil Woodyer commented: “2018 was a transformative year for Leagold, as we evolved from a single mine operator into a diversified group with four mines in two countries. Among our Brazilian mines, Fazenda and Pilar both performed as expected in Q4, and the RDM mine was restarted ahead of schedule in late November when the rainy season replenished water supplies. In Mexico, the Los Filos mine demonstrated significant production growth with 25,404 oz produced in December as gold recovery rates are normalizing and resulting in a new record quarterly production of 58,201 oz since our acquisition of the mine in April 2017. “

The Alberta Securities Commission (ASC) has ordered an interim cease-trade of Prize Mining Corp. shares issued to the subscribers of a July 2018non-brokered private placement until the determination of a January 14, 2019 hearing into allegations about Prize’s public disclosure. The 10-day window gives the junior mining issuer and 12 other respondents time to contest preliminary allegations by Staff of the ASC that Prize breached the Securities Act (Alberta), and acted contrary to the public interest, by making misrepresentations and failing to comply with its continuous disclosure obligations.

Three non-profit firms have filed complaints with the British Columbia Securities Commission accusing the companies of hiding key risks