Month: July 2019

Sonoro Completes Phase Two Drill Program at Cerro Caliche

‘The successful conclusion to the Phase Two drilling program has enabled Sonoro to proceed with the commissioning of an NI 43-101 technical report by a team of independent geologists, to estimate the resource potential for Cerro Caliche,’ said Kenneth MacLeod, President and CEO of Sonoro. ‘Following receipt of the contemplated technical report, Sonoro plans to conduct a comprehensive review of the data to determine the scope and scale of a Phase Three drill program.’

Silver One Announces Private Placement Financing

Silver One Resources Inc. is pleased to announce that it will conduct a non-brokered private placement of up 20,000,000 units at a price of $0.125 per Unit for gross proceeds of up to $2,500,000.

Santacruz Silver Acquires 50% Interest In Carrizal Mining

Arturo Prestamo, Santacruz’s CEO stated, ‘The acquisition of a 50% interest in Carrizal is an important first step towards returning to 100% ownership rights in the Veta Grande Project, subject to receiving the necessary approvals to complete the purchase of the remaining 50% of Carrizal. It also offers the Company a chance to acquire an indirect interest in an operating mine in a potentially accretive transaction that could enhance Santacruz’s operations.’

Endeavour Silver Reports Fatal Accident at the Bolanitos Mine

Jose de Jesus Morales Yebra, age 22, was working as a driller’s helper with a senior driller installing roof bolts in the Plateros section of the mine when a part of the roof collapsed. Jose Morales was killed by falling rock. The driller also suffered minor injuries in the accident.

Fresnillo plc – Statement re Tax Treatment of Mining Works

Fresnillo has now determined it to be in the Company´s best interests to align its tax treatment across its underground mining operations subsidiaries with the Conclusive Agreement. Accordingly, Fresnillo has voluntarily elected to apply the same criteria regarding the tax treatment of mining works to all its underground mines, retrospectively for the years 2014 to 2018.

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