Month: August 2016

Telson Initiates Work at Tahuehueto – Collection of 2,000 Tonne Bulk Sample

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http://www.stockhouse.com/news/press-releases/2016/08/23/telson-initiates-work-at-tahuehueto-collection-of-2-000-tonne-bulk-sample

VANCOUVER, BRITISH COLUMBIA, August 23, 2016 – Telson Resources Inc. (TSX Venture – TSN) (“Telson” or the “Company”) is pleased to announce that it has initiated the process of collecting a 2,000 tonne bulk sample from the El Creston area on its Tahuehueto Project.

Portal construction on El Creston at level 10, 1,597 elevation was initiated August 22, 2016 and will be advanced northward a minimum of 100 meters to develop and prepare the mine to produce the 2,000 tonne bulk sample. The sample will be shipped in conventional dump trucks for processing to a new 120 tonne/day flotation mill facility named Andes, located approximately 85 Km northwest of the project. The underground development work, collection, transport and processing of the bulk sample is estimated to be completed late October 2016.  

 

Excellon Resources Appoints Ben Pullinger as Vice-President Geology

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/506-tsx/exn/23785-excellon-resources-appoints-ben-pullinger-as-vice-president-geology.html

TORONTO, ON–(Marketwired – August 23, 2016) – Excellon Resources Inc. (TSX: EXN) (OTC: EXLLF) (“Excellon” or the “Company”), Mexico’s highest grade silver producer, is pleased to announce the appointment of Ben Pullinger, P.Geo as Vice-President Geology effective in mid-September 2016, taking over from John Sullivan, P.Geo., who is stepping into a consulting role.

“We are tremendously excited to have Mr. Pullinger join the team in the coming weeks,” stated Brendan Cahill, President and Chief Executive Officer. “He brings an exceptional track record of discovery and project advancement using the latest in exploration techniques and has experience in all phases of the mining industry, from grass-roots exploration through to production, including a wealth of capital markets and financing experience. He has a proven ability to identify value in mining assets from early stage exploration through to production. Along with our newly appointed Vice-President Technical Services, Denis Flood, Ben will be integral to our next phase of growth.”

Gold Resource Corporation Reports Additional High-Grade Drill Intercepts At Switchback Including 8.19 Meters Of 9.07 g/t Gold And 7.96 Meters Of 6.90 g/t Gold, 618 g/t Silver

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Click to access article_08232016073400.pdf

Colorado Springs – August 23, 2016 – Gold Resource Corporation (NYSE MKT: GORO) (the “Company”) today announced additional Switchback drill results from its Arista Mine at the Aguila Project. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned $108 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Defiance Secures Surface Rights at San Acacio

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http://www.newsfilecorp.com/release/22223/Defiance-Secures-Surface-Rights-at-San-Acacio#.V7xesyjhDIU

Vancouver, British Columbia–(Newsfile Corp. – August 23, 2016) – Defiance Silver Corp (TSXV: DEF) (OTC: DNCVF) (“Defiance”) is pleased to announce that it has signed an agreement with the Fraccionamiento Rural Sauceda de la Borda that grants Defiance rights to carry out exploration within all of its mineral concessions underlying the Fraccionamiento lands. Defiance now controls surface rights covering both the 1.2km of vein strike length that hosts the San Acacio deposit along with over 4.4 km of vein that has yet to see modern exploration.

Invertirán 854 MDD En Proyectos Para Extraer Plata

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http://www.milenio.com/negocios/extraccion-plata-inversion-mdd_0_797320270.html

Ciudad de México – Pese al descenso en la exploración para el desarrollo de minas de plata provocado por los bajos precios del metal, la inversión prevista para este y el próximo año en nuevos proyectos es superior a 854 millones de dólares, anticipó la Cámara Minera de México (Camimex).

En 2015 la fortaleza del dólar fue la principal influencia en el precio de la plata, con un precio promedio de 15.7 dólares la onza; sin embargo, el alza en las tasas de interés anunciada por la Reserva Federal de Estados Unidos provocó que de un nivel máximo en enero de 18.2 dólares por onza, en diciembre se ubicara en un mínimo de 13.7 dólares.

Por sexto año consecutivo México se colocó en 2015 como el principal productor de plata en el mundo, seguido de China y Perú, con una extracción de 191.5 millones de onzas, 3.3 por ciento más que en 2014.

Fondo Minero vendrá a mejorar las comunidades de La Mira y Playa Azul

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http://www.cambiodemichoacan.com.mx/nota-n9386

Michoacán, México.- En breve el municipio porteño recibirá la totalidad de los recursos fiscales proveniente del impuesto especial aplicado a la actividad minera, y que de los correspondiente al ejercicio fiscal 2014, le corresponden poco más de 19 millones de pesos, de los que hace poco apenas se recibieron poco más de 3 millones de pesos, informó el Tesorero Municipal Walter Torres Oseguera, quien añadió que el dinero está etiquetado para realizar obras de infraestructura y remozamiento de las tenencias de La Mira y Playa Azul.

Dijo que el alcalde Armando Carrillo Barragán realiza las gestiones necesarias ante el Comité de Desarrollo Regional para Zona Mineras de Michoacán, a fin de que a la brevedad les sea depositado el resto que corresponde al ejercicio fiscal 2014, para iniciar cuanto antes obras de mejoramiento de agua potable, drenaje sanitaria y la pavimentación de calles en ambas tenencias.

Oremex Silver Completes Name Change to Monarca Minerals

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/1877-tsx-venture/mmn/23774-oremex-silver-completes-name-change-to-monarca-minerals.html

Toronto, / TheNewswire / August 22, 2016 – Oremex Silver Inc. (TSXV:OAG) (“Oremex” or the “Company”) is pleased to announce that it has changed its name from “Oremex Silver Inc.” to “Monarca Minerals Inc.” pursuant to the provisions of the Canada Business Corporations Act. The name change was approved by shareholders at the Company’s annual and special meeting of shareholders held on July 7, 2016 and is effective as of August 22, 2016. The Company anticipates that it will begin trading under its new name on the TSX Venture Exchange and under the new symbol “MMN” at the opening of the market on August 24, 2016.

First Mining Finance Enters Into Sales Agreement With BRS Ventures for Three Mexican Silver Assets

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/1525-tsx-venture/ff/23773-first-mining-finance-enters-into-sales-agreement-with-brs-ventures-for-three-mexican-silver-assets.html

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug. 22, 2016) – First Mining Finance Corp. (“First Mining” or the “Company”) (TSX VENTURE:FF)(OTCQX:FFMGF) is pleased to announce that it has signed an agreement (the “Agreement”) with BRS Ventures Ltd. (“BRS”), under which First Mining will sell all the issued and outstanding shares of Minera Terra Plata S.A. de C.V. (“Terra Plata”), a subsidiary of First Mining, which owns the Peñasco Quemado, La Frazada and Pluton properties (the “Properties”) located in Mexico.

Timmins Gold Announces Updated N.I. 43-101 Technical Report; Extends Operations at San Francisco Gold Mine Into 2023

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/896-tsx/tmm/23778-timmins-gold-announces-updated-n-i-43-101-technical-report-extends-operations-at-san-francisco-gold-mine-into-2023.html

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug. 22, 2016) – Timmins Gold Corp. (“Timmins Gold” or the “Company”)(TSX:TMM)(NYSE MKT:TGD) is pleased to announce results of a recently completed National Instrument 43-101 Technical Report (“NI 43-101”) for the San Francisco Gold Mine in Sonora State, Mexico, prepared by Micon International Limited (“Micon”) of Toronto, Ontario. This news release provides details on the updated Mineral Reserves and Resources, as of July 1, 2016, and associated mine plan for the San Francisco Gold Mine.

Starcore Produces 4,207 Equivalent Gold Ounces in 1st Fiscal Quarter Ended July 31, 2016

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/426-tsx/sam/23748-starcore-produces-4-207-equivalent-gold-ounces-in-1st-fiscal-quarter-ended-july-31-2016.html

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug. 22, 2016) – Starcore International Mines Ltd. (the “Company”) (TSX:SAM) announces production results for the first quarter, ending July 31, 2016, at its San Martin Mine in Queretaro, Mexico.

During Q1, a total of 66,176 tonnes were milled at an average grade of 2.17 g/t gold and 16 g/t silver resulting in the production of 4,207 gold equivalent ounces. Mill recoveries averaged 86.46% for gold and 45.73% for silver. Equivalent gold ounce calculation is based on the average gold:silver ratio of 71.61 during the quarter.

“Although production issues led to over 10,000 fewer tonnes being milled this past quarter, we still raised our ore grade to average over 1,400 ounces per month,” said Robert Eadie, President & CEO of the Company. “The discoveries of high grade zones announced earlier this year have helped smooth out production at San Martin.”