VANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug. 17, 2016) – Starcore International Mines Ltd. (TSX:SAM) (the “Company” or “Starcore”) reports that, on August 12, 2016, it filed a registration statement on Form 20-F with the United States Securities & Exchange Commission (“SEC”) for the purpose of registering its common shares under section 12(g) of the United States Securities Exchange Act of 1934, as amended (the “Exchange Act”). The registration statement remains subject to review by SEC Staff and is not expected to become effective until the later of October 11, 2016 (being the 60th day following the filing date of the registration statement) and the completion of such review.
Month: August 2016
Excellon Resources Resumes Drilling at La Platosa
TORONTO, ON–(Marketwired – August 17, 2016) – Excellon Resources Inc. (TSX: EXN) (TSX: EXN.WT) (OTC: EXLLF) (“Excellon” or the “Company”), Mexico’s highest grade silver producer, is pleased to announce that it has commenced an initial 25,000 metre diamond drilling exploration at its 100%-owned La Platosa property in Durango, Mexico, where the Company has been mining since 2005.
Sierra Metals Provides Operations Update
TORONTO, Aug. 17, 2016 /CNW/ – Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (“Sierra Metals” or “the Company”) provides an operating update on the development and brownfield programs at its Yauricocha Mine in Peru and its Bolivar and Cusi Mines inMexico.
Mark Brennan, President and CEO of Sierra Metals stated “We have been working diligently to aggressively increase high grade tonnage at all of our mines. The brownfield programs currently underway are yielding very positive initial results as highlighted by ourEsperanza discovery.” He continued “Other targets are moving ahead very positively and we hope to provide greater disclosure over the coming months as drilling assays and QAQC standards are completed.”
Almadex Minerals Reports Second Gold-Rich Porphyry Interval From Hole EC-16-010 at Norte Target, El Cobre Project, Mexico: Hits 150.90 Meters of 0.55 G/T Gold and 0.22% Copper
VANCOUVER, BC–(Marketwired – August 17, 2016) – Almadex Minerals Limited (“Almadex” or the “Company”) (TSX VENTURE:AMZ) (OTCQB: AXDDF) is pleased to announce that it has received further assay results from diamond drill hole EC-16-010 on the Norte Zone of its 100% owned El Cobre porphyry copper-gold project located in Veracruz, Mexico. Reported today are results from 317.00 meters to 542.70 meters depth. On August 8th, 2016 the Company released results up to 317.00 meters depth. EC-16-010 is the first hole drilled in the Norte Zone since 2008. From 153.50 to 317.00 meters a zone of intense quartz stockwork veining, potassic alteration and copper-gold mineralisation was intersected. From 317.00 to 393.35 meters depth an altered but unmineralised dyke was intercepted. From 393.35 to 542.70 meters a further interval of intense veining, alteration and mineralisation was intersected and is reported herein. Porphyry style alteration continues to the end of the hole, currently at ~890 meters depth and advancing.
Premier Strengthens Senior Management Team
Click to access article_08172016064924.pdf
Premier Gold Mines Limited (TSX-PG) is pleased to announce that Mr. Charles (Charlie) Ronkos has joined the Company as Executive Vice-President, Project Development – Americas. Charlie brings to the Company a successful track record of exploration, mine development and project acquisitions for other companies including Goldcorp and Glamis that will serve Premier well in a similar role as it now transitions from an explorer/developer into a producer. As part of his new role, Charlie will lead the integration of the Mercedes Mine into Premier upon the closing of the acquisition expected September 30, 2016. He will also oversee the ongoing drill program at Mercedes that is focussed on increasing the reserves and mine life.
Evrim Resources Expands High Grade Vein Field at Cerro Cascaron
Vancouver, British Columbia–(Newsfile Corp. – August 17, 2016) – Evrim Resources Corp. (TSXV: EVM) (“Evrim” or the “Company”) announces new exploration results at the Company’s 100% owned Cerro Cascaron project in Chihuahua, Mexico. The large, zoned, and high grade gold vein field at Cerro Cascaron has now been extended to 18 square kilometres and sampling within the field has identified several drill targets. Cerro Cascaron is a large, low to intermediate sulphidation epithermal gold target located in Sierra Madre Occidental in Chihuahua, approximately 55 kilometres southeast of Goldcorp Inc.’s past-producing El Sauzal gold mine.
Goldgroup announces Cerro Prieto production results for the second quarter 2016
Click to access 2016-08-15_NR.pdf
Tuesday, Aug 16, 2016
Goldgroup Mining Inc. (“Goldgroup” or the “Company”) (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) announces its Cerro Prieto production results for the second quarter (“Second Quarter”) ended June 30, 2016.
“Q2 2016 was a strong quarter operationally as Cerro Prieto has officially gone into commercial production,” said Keith Piggott, Chairman, President and CEO of Goldgroup, “Our all-in sustaining cash cost for the quarter was $973 per ounce. We continue to work on the opportunities to lower cash costs further to our target of $900(1) per ounce as previously forecasted in March 2016.”
Peñoles Lidera Producción de Zinc
México produjo 786,774 toneladas de zinc en 2015, un alza interanual de 19.2% con Peñoles como la empresa con mayor participación en la extracción de ese mineral, informó la Cámara Minera de México (Camimex).
Peñoles se ha posicionado como el mayor productor, en gran medida gracias al arranque de la mina Velardeña, ubicada en Durango.
En segundo lugar está la compañía Goldcorp, con un volumen apenas inferior al de Peñoles, y con Peñasquito como su única mina en México con aportaciones de zinc.
A su vez, Minera Frisco ocupa el tercer puesto en producción . Estas tres empresas en conjunto aportan el 59.4% del total nacional.
NSX Silver Completes $300,000 Non-Brokered Private Placement
http://www.fscwire.com/newsrelease/nsx-silver-completes-300000-non-brokered-private-placement
Bedford, Nova Scotia (FSCwire) – NSX Silver Inc. (TSXV:NSY.H) (“NSX Silver” or the “Company”) has closed a non-brokered private placement to raise $300,000 through the issuance of 4,999,992 units at a price of $0.06 per unit.
Each unit is comprised of one common share of the Company and one common share purchase warrant. Each warrant entitles the holder to acquire one common share of the Company for $0.12 for a period of 12 months from the closing date.
All securities issued in connection with the private placement are subject to a four-month hold period that expires on December 17, 2016. The proceeds from the private placement will be used for general working capital purposes. The private placement remains subject to final approval of the TSX Venture Exchange.
Prospero Silver Provides Corporate Update
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug. 16, 2016) – Prospero Silver Corp. (TSX VENTURE:PSL) (“Prospero”) is pleased to provide an update on its exploration programs in central Mexico. Prospero recently announced a $1.8M financing to fund its generative exploration program and to advance its existing project portfolio. Prospero’s exploration programs have 3 key objectives:
- Discover blind/close-to-surface mineral deposits in -or close to- historic Au-Ag and base metal mining camps, for example the Pachuca Southeast and Matorral projects.
- Advance Prospero’s existing project portfolio to drill-ready status and then drill or joint venture the projects.
- Use the team’s unparalleled knowledge of Mexican metallogeny to generate new projects and expand Prospero’s project portfolio, for example the Bermudez low-sulphidation epithermal Au-Ag project.