Month: March 2017

Chesapeake Gold Updates Regional Exploration Program

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https://www.juniorminingnetwork.com/junior-miner-news/press-releases/906-tsx-venture/ckg/30103-chesapeake-gold-updates-regional-exploration-program.html

VANCOUVER, BRITISH COLUMBIA–(Marketwired – March 7, 2017) – Chesapeake Gold Corp. (“Chesapeake”) (TSX VENTURE:CKG) is pleased to provide an update on the regional exploration program conducted near its 100% owned Metates project in Durango and proposed El Paso plant site in Sinaloa States, Mexico. Metates hosts one of the largest undeveloped gold, silver and zinc reserves in the world. Four precious and base metal projects with district scale potential have been identified and systematically advanced in 2016 and 2017. Currently, Chesapeake’s regional land position totals more than 85,000 hectares.

The four projects are strategically located along a prolifically mineralized corridor that parallels the Pacific coast and lies along the western margin of the Sierra Madre Occidental. Two projects, Yarely and El Paso, are located within 15 kilometers of paved highways and 25 kilometers of the El Paso plant site. Chesapeake believes this highly prospective, under-explored region could develop an organic pipeline of high value projects with potential synergies with the future development of Metates.

DynaResource, Inc. Announces the Appointments of Mr. Eduardo Luna

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Click to access DynaResource-Inc.-Announces-the-Appointments-of-Mr.-Eduardo-Luna-Final-030317-for-030617.pdf

Irving, Texas (March 6, 2017) OTCQB: DYNR–DynaResource, Inc. (“DynaUSA”, and “the Company”) is pleased to announce that Mr. Eduardo Luna has been appointed to the Company’s Board of Directors, effective March 1, 2017. Mr. Luna’s appointment was formalized by Mr. K.D. Diepholz, Chairman/CEO of the Company, utilizing the shares of Series A Preferred Stock held by Mr. Diepholz.

Concurrently, DynaUSA is pleased to announce that its wholly owned subsidiary, Mineras de DynaResource S.A. de C.V. (“DynaMineras”), the exclusive operator of the San Jose de Gràcia Project (“SJG”) in the State of Sinaloa, México, has appointed Mr. Luna as Special Advisor to the President of DynaMineras.

U.S. Antimony Reports Antimony Prices and Production

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http://finance.yahoo.com/news/u-antimony-reports-antimony-prices-130000050.html

THOMPSON FALLS, MT / ACCESSWIRE / March 6, 2017 / United States Antimony Corporation (“USAC”) (NYSE MKT: UAMY) reports significant price increases in antimony and that it has successfully transitioned from custom smelting antimony concentrates at the Madero, Coahuila, Mexico plant to its own mine production. This Company’s antimony business plan is to accelerate production from its Mexican antimony mines with internal cash flow. The mines had been idle for two years.

With its own antimony raw materials, USAC will benefit fully from price increases, rather than just the smelting fees and small percentages of the price increases. Additionally, the company will enjoy lower processing and trucking costs.

Telson Resources Secures USD $2 Million Caterpillar Leasing Credit Line And Provides Corporate Update on Tahuehueto Development Activities

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https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1592-tsx-venture/tsn/30055-telson-resources-secures-usd-2-million-caterpillar-leasing-credit-line-and-provides-corporate-update-on-tahuehueto-development-activities.html

Vancouver, British Columbia / TheNewswire / March 6, 2017 – Telson Resources Inc. (“Telson” or the “Company”) (TSX Venture – TSN.V) is pleased to announce that it has secured a USD $2 million credit line for leasing underground and surface mining equipment for mine development at its 100% owned Tahuehueto Project (the “Project”) located in northern Durango State, Mexico.

This credit line has been secured with Caterpillar Credito SA De CV ER in the form of financial leasing that will require a down payment of 15% for new Cat surface equipment and 25% for new Cat underground equipment. The method of payment under the lease will consist of monthly payments of principal and interest with a term of 60 months for Cat surface equipment and 36 months for Cat underground equipment. These terms are valid up to November 30, 2017. Telson intends to use the leasing facility to acquire one 8 yd.? scoop tram, 40 tonne underground dump truck and 13.5 yd.? front end loader to support the mine development and future mining production. This equipment along with Telson’s recently purchased used scoop tram will easily support the production estimated under the Company’s recently released Pre-Feasibility’s Study as well as allow for expansion possibilities under the first year production expansion plans to increase production towards 1000 tonnes per day during the first year of production.

Radius Gold Acquires Bald Peak Property Located on Nevada/California Border; Sells Tlacolula Property to Fortuna Silver Mines

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https://www.juniorminingnetwork.com/junior-miner-news/press-releases/439-tsx-venture/rdu/30000-radius-gold-acquires-bald-peak-property-located-on-nevada-california-border-sells-tlacolula-property-to-fortuna-silver-mines.html

VANCOUVER, BRITISH COLUMBIA–(Marketwired – March 6, 2017) – Radius Gold Inc. (TSX VENTURE:RDU) is pleased to announce the acquisition of the Bald Peak gold property from Ely Gold & Minerals Inc. (TSX VENTURE:ELY) and its wholly owned subsidiary, Nevada Select Royalty Inc. (“Nevada Select”), adding to Radius’s portfolio of epithermal gold prospects in the Aurora gold camp, Nevada.

The Bald Peak Property consists of 38 unpatented mining claims in Mineral County, Nevada and one mineral prospecting licence in Mono County, California. The Property overlies a 6 km long, NE-trending zone of gold-bearing quartz-chalcedony veins, stockworks and hot spring silica sinters that has seen minimal historical exploration work.

Goldcorp Declares First Quarter Dividend Payment for 2017

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https://www.juniorminingnetwork.com/junior-miner-news/press-releases/530-tsx/g/30049-goldcorp-declares-first-quarter-dividend-payment-for-2017.html

VANCOUVER, March 6, 2017 /CNW/ – GOLDCORP INC. (TSX: G, NYSE: GG) is pleased to declare its quarterly dividend for the three month period ended March 31, 2017 of $0.02 per share. Shareholders of record as of the close of business on Thursday, March 16, 2017 will be entitled to receive payment on Friday, March 24, 2017.

Pursuant to tax legislation enacted in 2007, Canadian resident individuals who receive “eligible dividends” in 2006 and subsequent years will be entitled to an enhanced gross-up and dividend tax credit on such dividends. All dividends paid in 2006 and subsequent years by Goldcorp Inc. are “eligible dividends” for this purpose.

Sierra Metals Defines High Grade Silver-Gold Mineralization at La Sidra Zone and High Grade Copper at Bolivar West Zone located at Bolivar Mine, Mexico

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https://www.juniorminingnetwork.com/junior-miner-news/press-releases/963-tsx/smt/30011-sierra-metals-defines-high-grade-silver-gold-mineralization-at-la-sidra-zone-and-high-grade-copper-at-bolivar-west-zone-located-at-bolivar-mine-mexico.html

TORONTO, March 6, 2017 /CNW/ – Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (“Sierra Metals” or “the Company”) announces the results of the initial drill program on the Bolivar property in Chihuahua State, Mexico and continues to define high grade silver-gold and polymetallic mineralization within the La Sidra vein. The mineralized zone currently extends to over 500 meters in length and to 300 meters in depth and is still open along strike and down dip.

Drilling programs also continue at Bolivar West with future plans to drill Bolivar North West (skarn ore deposit area) to define high grade copper with coincident strong chargeability and within resistivity zones detected during a recently completed a 400 Hectare Titan 24 Induced Polarization (‘IP’) survey conducted by Quantec Geosciences of Toronto, Ontario.

Mexus continues march to production with installation of chemical treatment equipment

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https://globenewswire.com/news-release/2017/03/06/931687/0/en/Mexus-continues-march-to-production-with-installation-of-chemical-treatment-equipment.html

CARSON CITY, Nev., March 06, 2017 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB:MXSG)(“Mexus” or the “Company”) announced that the company continues to move steadily towards first production.  Regino Vargas of MarMar Holdings, Mexus’ JV partner, reported that as of March 5th the testing of the leaching circuit is complete with satisfactory results.  ChemTreat Chemical Company is now on site and has delivered and installed the ML7640 chemical treatment equipment.  This specialized equipment adds chemicals and maintains the leaching solution to the heap leach pad.  The equipment will take several days to test and calibrate at which point the leaching process will begin.

Juanicipio Project Update

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http://www.marketwired.com/press-release/-2200584.htm

VANCOUVER, BRITISH COLUMBIA–(Marketwired – March 6, 2017) – MAG Silver Corp. (TSX:MAG)(NYSE MKT:MAG) (“MAG” or the “Company”) has previously reported on exploration results and a new deep discovery beneath the Valdecañas Bonanza Grade Vein System on the Minera Juanicipio joint venture property (Fresnillo plc 56%; MAG 44% – see Press Releases of February 14th 2017, August 15, 2016, and April 23rd 2015).

The results from these three drilling campaigns have: confirmed that continuous mineralization extends below the Valdecañas Bonanza Grade mineralization; revealed a substantial widening of this deeper mineralization into a well-defined dilatant zone; and, resulted in the discovery of the new “Anticipada Vein”, within the vein system. A new resource estimate incorporating the drilling results from these programs is in progress and is expected to be completed in the second quarter of 2017.

Alix Closes Second and Final Tranche FT Financing

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http://www.fscwire.com/newsrelease/alix-closes-second-and-final-tranche-ft-financing

Vancouver, British Columbia (FSCwire) – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) announces that further to its news releases dated February 8, 2017, February 3, 2017, January 31, 2017 and January 24, 2017 it has completed the second and final tranche of a non-brokered flow through private placement. The total raised in the FT financing for the two tranches was 3,550,000 units for total gross proceeds of $248,500.00. Each FT unit consists of one flow through common share (the “Shares”) and one half non-flow through Share purchase warrant of the Company. Each whole warrant will entitle the holder to acquire one Share of the Company at a price of $0.10 per Share for a period of 24 months from the date of issuance.