Month: October 2017

GOLD RESOURCE CORPORATION REPORTS PRELIMINARY THIRD QUARTER PRODUCTION OF 6,465 GOLD OUNCES AND 392,153 SILVER OUNCES MAINTAINING 2017 ANNUAL OUTLOOK

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Click to access GRC-2017-10-16-1.pdf

COLORADO SPRINGS – October 16, 2017 – Gold Resource Corporation (NYSE American: GORO) (the “Company”) reports preliminary production results for the third quarter ended September 30, 2017 of approximately 6,465 ounces of gold, 392,153 ounces of silver and significant base metals. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $110 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.
Preliminary third quarter production totaled approximately 6,465 ounces of gold, 392,153 ounces of silver, 291 tonnes of copper, 1,449 tonnes of lead and 4,628 tonnes of zinc. Through the first three quarters of 2017, the Company’s preliminary production numbers total approximately 18,908 ounces of gold, 1,217,713 ounces of silver, 804 tonnes of copper, 3,583 tonnes of lead and 11,447 tonnes of zinc.

Premier Reports Third Quarter Production Results

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https://www.premiergoldmines.com/news/press-releases/premier-reports-third-quarter-production-results

PREMIER GOLD MINES LIMITED (“Premier” or “The Company”) (TSX:PG) is pleased to announce preliminary third quarter production results from its two operating mines.

Q3 – 2017 Production Highlights include:

  • Gold production of 26,677 ounces
  • Silver production of 82,856 ounces
  • Gold Sales of 37,920 ounces at an average realized price of US$1,282 per ounce

Table 1 – Preliminary Sales and Production Results

MINE GOLD PRODUCED (ounces) SILVER PRODUCED (ounces)
Q3 2017 YTD 2017 Q3 2017 YTD 2017
Mercedes, Mexico 18,564 62,621 82,856 260,902
South Arturo, Nevada (PG) 8,113 52,652 0 0
Total Production 26,677 115,273 82,856 260,902
Gold Ounces Sold 37,920 132,727

“Solid operating performance at Mercedes and South Arturo during the third quarter should allow us to meet the upper end of our 2017 annual production guidance,” stated John Begeman, Executive Chairman of Premier. “Despite having already surpassed original production expectations, recent definition drilling at South Arturo indicates the potential to continue mining the Phase 2 open pit, and studies supporting further development, including the underground extension of the Phase 2 Pit (El Nino) and two additional open pits are ongoing.”

Avino Announces Q3 2017 Production Results

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http://www.avino.com/s/news.asp?ReportID=805226

Avino Silver & Gold Mines Ltd. (NYSE-American: ASM; TSX.V: ASM; “Avino” or the “Company”)announces third quarter 2017 production results from its Avino property near Durango, Mexico.

Consolidated Production Highlights for Third Quarter 2017 (Compared to Third Quarter 2016)

  • Silver equivalent production increased by 17% to 760,756 oz*
  • Gold production increased by 47% to 2,673 oz
  • Silver production decreased by 10% to 368,456oz
  • Copper production increased by 6% to 1,106,305 lbs

* For comparison purposes, the silver equivalent ratio has been calculated using metal prices of $17.45 oz Ag, $1,316 oz Au and $2.99 Lb Cu. Mill production figures have not been reconciled and are subject to adjustment with concentrate sales. Calculated figures may not add up due to rounding.

“We are pleased to report a strong quarter and that we are on pace to reach our budgeted production targets for 2017.

Our expansion is on schedule and I’d like to thank our hard-working staff, both in Mexico and Canada, for their efforts.”

DIAMOND DRILLING COMMENCES AT CLEMENTE PRECIOUS METAL PROJECT

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https://silverviperminerals.com/news/2017/diamond-drilling-commences-at-clemente-precious-metal-project/

October 13, 2017 – Vancouver, British Columbia. Silver Viper Minerals Corp. (the “Company” or “Silver Viper”) ( TSX-V: VIPR) is pleased to announce that its maiden drilling program is underway on the Clemente Precious – Base Metal Property in Sonora State, Mexico. The company plans to complete a minimum 2,000 meters drilling program, initially targeting the El Mundo and Nuevo Mundo target areas at Clemente.

The initial test will focus on the El Mundo and Nuevo Mundo prospect areas in a location scattered with small historical workings known locally as “Mina Grande”. Situated approximately 42km south of the regional mining and agricultural centre of Caborca, silver, gold and base metal mineralization at Clemente is hosted by quartz shear veins, quartz stockworks and hematitc vein breccias. Preliminary confirmation chip sampling by the Company returned a best result grading 1,895g/t silver, 4.46g/t gold 1.95% lead and 1.62% zinc from a 0.5m chip sample within an accessible portion of the El Mundo workings.

Oroco Announces Private Placement

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https://globenewswire.com/news-release/2017/10/13/1145254/0/en/Oroco-Announces-Private-Placement.html

VANCOUVER, British Columbia, Oct. 12, 2017 (GLOBE NEWSWIRE) — Oroco Resource Corp. (TSX-V:OCO) (“Oroco” or “the Company”) is pleased to announce that it intends to complete a non-brokered private placement (the “Private Placement”) of up to 8,000,000 units at a price of $0.075 cents per unit to raise gross proceeds of up to $600,000. Each unit consists of one common share and one half of one common share purchase warrant. Each whole share purchase warrant will be exercisable into one additional common share for a period of 18 months at a price of $0.125 per share. The private placement is subject to the acceptance of the TSX Venture Exchange.

The proceeds of the private placement will be used for intended acquisitions of mineral properties in Mexico.

DRILLING UNDERWAY AT SARA ALICIA

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Click to access 1725799.pdf

KEY POINTS:
• Maiden drilling program starts with 5 holes planned for 450m
• High priority drill targets include old mine workings and outcrop containing
high grade gold and cobalt mineralisation
Azure Minerals Limited (ASX: AZS) (“Azure” or “the Company”) is pleased to advise that diamond drilling of the first hole of a five-hole program has started on its 100%-owned Sara Alicia goldcobalt project, located in the northern Mexican state of Sonora (see Figure 1).
High grade gold and cobalt mineralisation was historically exploited by small-scale underground mining in the 1930s. Azure’s first-pass sampling of surface and underground exposures confirmed the presence of this mineralised zone, returning high grades of gold and cobalt up to maximum values of 39g/t gold and 7% cobalt (see Photo 1 and refer ASX announcement of 23 August).
A reconnaissance drill program has been designed to test this zone with an initial five holes totalling approximately 450m of diamond core planned (see Figure 2 for hole locations). A followup drill program may be undertaken, depending upon initial results.

Hecla Reports 3.3 Million Ounces of Silver and 63,046 Ounces of Gold Production in Third Quarter 2017

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http://ir.hecla-mining.com/file/Index?KeyFile=390620270

COEUR D’ALENE, Idaho–(BUSINESS WIRE)– Hecla Mining Company (NYSE:HL) today announced preliminary silver and gold production results1 for the third quarter of 2017.

THIRD QUARTER 2017 HIGHLIGHTS (Preliminary Results)

  • Silver production of 3.3 million ounces and gold production of 63,046 ounces, the second highest level since 2003.
  • Silver equivalent production of 11.1 million ounces, the highest equivalent production quarter this year.2
  • Lead production of 5,368 tons; zinc production of 14,498 tons.
  • Record gold production and monthly throughput (September) at Casa Berardi since its acquisition.
  • Cash, cash equivalents and short-term investments of approximately $205 million at September 30, 2017, an increase of about $3 million over the second quarter of 2017.

“Operational performance was exceptional in the third quarter with record throughputs at Greens Creek and in September at Casa Berardi. San Sebastian continues to operate at the upper end of our expectations with the highest quarterly silver production of the year so far. The mines’ performance has led to substantial increases in production of all four metals over the second quarter and puts us well on our way to achieving their production guidance and improving per-ounce cost performance,” said Phillips S. Baker, Jr., Hecla’s President and CEO. “With operating performance and substantially higher zinc and lead prices, our cash position is $7 million greater than at the end of the year.”

Silver Bull Intersects 294g/t Silver and 0.96% Copper Over 25.5 Meters, Including 4 Meters at 966g/t Silver and 2.0% Copper on the Sierra Mojada Project, Coahuila, Mexico

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http://www.silverbullresources.com/s/news.asp?ReportID=804890

Vancouver, British Columbia – Silver Bull Resources, Inc. (TSX: SVB, OTCQB: SVBL) (“Silver Bull”) is pleased to provide the results of the first two drill holes from its underground drill program targeting high grade structures in the newly discovered Sulphide Zone on the Sierra Mojada Project in Coahuila, Northern Mexico.

Highlights from the first two drill holes include:

  • Hole T17002 – 25.5 meters @ 294g/t silver and 0.96% copper including 11.5 meters @ 486g/t silver and 1.13% copper from 14 meters to 25.5 meters, and which contains a smaller interval of 4 meters @ 966g/t silver and 2.0% copper from 15 meters to 19 meters.
  • Hole T17002 hit underground workings and was terminated in high grade mineralization.
  • Hole T17001 – 7 meters @ 121g/t silver and 0.52% copper including 2 meters @ 376g/t silver and 3.0% copper from 0 meters to 2 meters.

The Sulphide Zone: An underground geological mapping and continuous underground channel sampling program conducted by Silver Bull during the month of August identified a series of east-west trending high angle structure hosting sulphide mineralization (announced in a news release on 11 September 2017). Results from the continuous channel sampling program yielded 31.5 meters grading at 22.36% zinc, 134.5g/t silver, 2.05% lead, 0.21% copper and 10.5 meters @ 432g/t silver, 1.15% zinc, 0.05% lead, 1.22% copper. This sulphide zone is the target of the current drill program.

Discovery Metals Receives Drill Permits for Five High Priority Ag-Zn-Pb Targets in Historic Mining Camp, Coahuila, Mexico

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https://globenewswire.com/news-release/2017/10/12/1144914/0/en/Discovery-Metals-Receives-Drill-Permits-for-Five-High-Priority-Ag-Zn-Pb-Targets-in-Historic-Mining-Camp-Coahuila-Mexico.html

TORONTO, Oct. 12, 2017 (GLOBE NEWSWIRE) — Discovery Metals Corp. (TSX-V:DSV) (“Discovery Metals” or the “Company”) is pleased to announce that it has been granted drill permits for five of its projects from Mexican regulator SEMARNAT (Mexico’s Secretary of Environment and Natural Resources).

The Company has option agreements on seven projects (including the five for which permits have just been granted), all located in northern Coahuila State within an historic high-grade and past producing silver-zinc-lead belt. All projects display alteration and mineralization styles suggestive of carbonate-replacement style mineralization, and include numerous historical artisanal workings.  The projects have not been explored with modern methods and all are virtually undrilled. The newly granted permits cover the La Kika, Renata, Santa Rosa, La Minerva, and Jemi-Rare projects.

Discovery Metals President and CEO, Taj Singh commented: “This is a significant step for us. Our company came into existence in August, so we are very pleased to have received these permits in such a short time. Our newly-formed team has been working diligently to develop a detailed exploration plan and has prioritized a number of high-impact targets. We expect to be drilling on at least one project before the end of the year.”

GoGold Reports Fourth Quarter Production Increase to 353,370 Silver Equivalent Ounces

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http://gogoldresources.com/investors/press-releases/2017/162-gogold-reports-fourth-quarter-production-increase-to-353-370-silver-equivalent-ounces

Halifax, NS – GoGold Resources Inc. (TSX: GGD) (“GoGold”, “the Company”) announces production for the quarter ended September 30, 2017 of 353,370 silver equivalent ounces at the Parral project, a 125% increase over the same quarter the previous year and a 12% increase over the prior quarter. The quarter ended September 30th is traditionally the rainy season in Mexico which can negatively impact production. With the changes that have been made to the operating procedures the production was not negatively impacted and increased 125% over the previous year rainy season quarter. Production at Parral continues to improve with the quarter ended September 30, 2017 being the fourth consecutive quarter of production growth.

Over the past year the Company has focused on improving recovery times and has made several changes.  These changes include:

  1. reducing the stacking height from a single 10 meter high lift to multiple 4-5 meter high lifts;
  2. increasing the amount of cement being added to the agglomerated material to strengthen it and improve stability and penetration of the cyanide enriched solution;
  3. increasing the cyanide strength for the first 60 days of irrigation;
  4. increasing the capacity of the Merrill Crowe; and
  5. increasing the curing period of agglomeration from a few days to two weeks prior to irrigation.

“The changes made at Parral in late 2016 and the first half of 2017 have now taken effect and we expect to see continued increases in production through fiscal 2018” said Brad Langille, CEO.