As the Scoping Study at Plomosas continues to progress successfully, Consolidated Zinc has found significant high‐grade mineralisation outside the Resource area which could have clear implications for the project’s scale. “These new results have the potential to grow our Resource well beyond its current tonnage,” said Will Dix, Consolidated Zinc’s managing director.
Vancouver, BC – March 29, 2017, Corex Gold Corp. (TSXV: CGE) (“Corex” or the “Company”), is continuing construction and mining activities at its 100%-owned Santana heap-leach gold project in Sonora, Mexico.
Jaw crushing and loading started on Nicho Norte zone in late November 2016. A total of 11,210 tonnes of material was crushed in November and December and loaded onto the 1st leach pad. An additional 11,989 tonnes were loaded in January bringing the total to 23,199 tonnes. The pad loading was completed on January 26, 2017. The heap was contoured and the surface broken up in preparation for leaching.
Construction continued on the bulk test process plant and the completion of the distribution system plumbing with several application methods of leach fluid tested. Application of charged leachant to establish alkaline pH has begun with metal leaching to commence later this month.
VANCOUVER, BC –(Marketwired – March 29, 2017) – Almadex Minerals Limited (“Almadex” or the “Company”) (TSX VENTURE: AMZ) (OTCQB: AXDDF) is pleased to provide a project update. Drilling recommenced on the project in the Norte area in February. A second drill has just been added to the Norte area and has also commenced coring. At the same time systematic mapping and prospecting, which commenced in 2016, has identified copper and gold porphyry style mineralisation cropping out in two separate locations in the Villa Rica target area, located roughly two kilometres south of the Norte Zone.
Results have been returned from 18 rock grab and chip samples of float, subcrop and outcrop taken from the largest of these new zones of weathered and oxidized discontinuous porphyry outcrop, now called Raya Tembrillo. The Raya Tembrillo samples were taken within a roughly 150 by 150 metre area and returned gold values averaging 1.51 g/t (ranging from 0.06 to 5.38 g/t gold, with 13 samples returning greater and 0.40 g/t gold and 6 returning greater than 2.0 g/t gold) and copper values averaging 0.05% (ranging from 0.005 to 0.16%). Channel sampling has now been carried out over specific outcrops in the Raya Tembrillo area and will be reported once results are received. Mapping and prospecting continues throughout the Villa Rica and project area where previous exploration campaigns defined high copper and gold in soils and high chargeability and magnetic responses from geophysical surveys. Once the outcrop mapping is complete drilling is planned for the Villa Rica zone later in 2017.
Read more at http://www.stockhouse.com/news/press-releases/2017/03/29/almadex-provides-el-cobre-project-update-first-hole-completed-in-norte-zone#eg7ypC8EjXPXDifJ.99
TORONTO, March 29, 2017 /CNW/ –Sierra Metals Inc. (TSX:SMT) (BVL:SMT) (“Sierra Metals” or the “Company”) announces that Mark Brennan has tendered his resignation as President and Chief Executive Officer. Mr. Brennan will continue in his current role for a period of 30 days to facilitate the implementation of an orderly succession plan. Further details in this regard will be announced in due course.
Mr. Brennan also resigned as director of the Company effective immediately.
Mr. Alberto Arias, Chairman, commented: “We thank Mark for his contribution to the Company over the past two years and wish him well in his new endeavors. The Company will ensure that the necessary plans are put in place to effect a smooth transition.”
Read more at http://www.stockhouse.com/news/press-releases/2017/03/29/sierra-metals-inc-announces-resignation-of-president-and-ceo#XPfLDd20ThbTk4gK.99
TORONTO, ONTARIO–(Marketwired – March 29, 2017) – Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG) is pleased to announce a, CIM Definition Standards compliant, mineral resource estimate for its Sub-Sill deposit of 324,000 Inferred gold ounces and 89,000 Indicated gold ounces, at a cut-off grade of 2.5g/t Au. The Inferred resource is contained in 1.33 million tonnes at an average Au grade of 7.58 g/t. The Indicated resource is contained in 353,000 tonnes at an average Au grade of 7.82 g/t. The Sub-Sill deposit is located in close proximity to the Company’s ELG processing plant in Southwest Mexico and remains open in several directions.
Vancouver, British Columbia / TheNewswire / March 28, 201 7 – Telson Resources Inc. (“ Telson ” or the “ Company ”) (TSX Venture – TSN.V) is pleased to announce the appointment of Senor Remigio Martinez Muller to its Board of Directors, effective immediately. Sr. Martinez worked his whole professional career with Grupo Mexico starting in 1967 as a Mine Geologist in Taxco, Guerrero and ending as Grupo Mexico’s Director of Exploration in 2013. From 2013 to 2016 he maintained an exclusive consultant position with Grupo Mexico and became an independent consultant thereafter.
During his career with Grupo Mexico, Sr. Martinez oversaw mineral exploration and development in Mexico where his work was instrumental in the discovery of several porphyry copper deposits, such as El Arco in Baja California and Malpica in Sinaloa Mexico. From 1975 to 1980 Sr. Martinez was Chief Mine Geologist, where his group of geological professionals increased the reserves of seven underground mines owned by Grupo Mexico’s subsidiary, Industrial Minera Mexico S.A. (IMMSA).
VANCOUVER, British Columbia, March 28, 2017 (GLOBE NEWSWIRE) — Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V:CDA) is pleased to provide summary information, previously compiled, pertaining to work done by Santa Rosa Silver Mining Corporation (“Santa Rosa”) on the San Javier Silver/Gold project.
Prior to the merger between Canuc and Santa Rosa, Santa Rosa performed an extensive channel sampling program of the vein(s) mined intermittently since the 1950s. The channel sampling program was carried out in 2012 under the guidance of Seymour Sears, P.Geo, whose NI 43-101 report on the San Javier project can be viewed on SEDAR.
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Mar 28, 2017) – One World Minerals Inc. (CSE:OWM) (the “Company”) is pleased to announce the start of a second phase exploration program on the Company’s Rico Litio lithium property located in the State of California Baja Norte, Mexico. Logistical preparations are underway with field crews on the property within three weeks and concluding with a 4000 metre (13,000 foot) drill program to be completed by the end of June 2017.
The second phase program will consist of 80 kilometres (50 miles) of surveyed grid lines in the northern portion of the property in preparation to complete a time domain electromagnetic survey. This survey will help to identify sediment formations with good permeability and porosity that may contain lithium brines. In addition, a gravity survey will be conducted over the same grid lines to identify the depths of the closed basin as well as structural features and young volcanic rocks that may contribute to the formation of the lithium brine. Historically these geophysical surveys have worked extremely well in identifying structural targets in preparation for drilling.
Vancouver, B.C. – Santacruz Silver Mining Ltd. (TSX.V:SCZ) (“Santacruz” or the “Company”) announces that the sale of its interest in the El Gachi Property in Sonora State, Mexico to First Majestic Silver Corp. (“First Majestic”) for total consideration of US$2.5 million plus applicable VAT (see press release dated February 24, 2017) has been completed. From the proceeds of US$2.5 million plus VAT received by the Company, US$0.75 million has been paid to JMET, LLC (“JMET”) to eliminate the residual balance of the interest bearing component of its indebtedness to JMET, leaving a non-interest balance of US$1.5 million owing to JMET related to previous restructuring fees. In addition, the Company paid US$0.50 million plus VAT to Minera Hochschild Mexico, S.A. de C.V. (“MHM”). With this payment to MHM the Company has no further obligations to MHM with respect to the San Felipe or El Gachi properties.
TORONTO, March 27, 2017 /CNW/ – Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) (“Agnico Eagle”) announced today that it has agreed to issue and sell 5,003,412 common shares of Agnico Eagle (the “Common Shares”) directly to an institutional investor in the United States at a price of US$43.97 per Common Share, for total consideration of approximately US$220 million (the “Offering”). The net proceeds of the Offering will be used for general corporate purposes. The Offering is expected to close on or about March 31, 2017, subject to stock exchange approval and the satisfaction of customary conditions.
The Common Shares were offered and are being sold directly by Agnico Eagle without an underwriter or placement agent. Maxit Capital LP and Sprott Capital Partners are acting as financial advisors to Agnico Eagle in connection with the Offering.