VANCOUVER, Jan. 25, 2018 /CNW/ – GREAT PANTHER SILVER LIMITED (TSX: GPR; NYSE American: GPL) (“Great Panther”; the “Company”) announces an updated Mineral Resource Estimate for the Company’s Guanajuato Mine Complex (“GMC”) in Guanajuato, Mexico. For the purpose of resource estimation, the GMC includes the operating Guanajuato and San Ignacio Mines.
Month: January 2018
Endeavour Silver Provides 2018 Production and Cost Guidance, Targeting 20% Increase in Production to 5.8-6.4 Million oz Silver and 58-64,000 oz Gold for 10.2-11.2 Million oz Silver Equivalent
Vancouver, Canada – January 25, 2018 – Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) issued today the 2018 production and cost guidance for its three operating mines and one development project in Mexico: the Guanaceví mine in Durango state, the Bolañitos and El Cubo mines in Guanajuato state, and the El Compas mine, now under development in Zacatecas state.
In 2018, silver equivalent production is expected to increase by 20% compared to 2017. Endeavour forecasts higher silver and gold production at all three existing mines as well as initial production from the new fourth mine at El Compas by the end of March, with commercial production scheduled for the end of July.
With the higher forecast production, cash costs and all-in sustaining costs are expected to decline in 2018 compared to 2017. The 2018 capital budget will increase from 2017 due to the development of the new El Compas mine, and two new high grade orebodies at Guanacevi, whereas the exploration budget will decrease as the focus shifts towards more development activities this year.
SABLE TO INITIATE DRILLING ON MARGARITA PROJECT
sable to initiate drilling program at margarita_chih
January 16, 2018 (Vancouver, BC): Sable Resources Ltd. (“Sable” or the “Company”) TSXV: SAE) is pleased to announce that positive results from field work carried on its Margarita Project late last year has motivated the company to initiate a two phase drill program to test the 1.7 kilometer structure.
Torex Announces Filing of Final Base Shelf Prospectus
Further to its news release of January 17, 2018, Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG) announces that it has filed a final short form base shelf prospectus with the Securities Commissions in each of the provinces and territories of Canada, except Québec. The base shelf prospectus will allow Torex to make offerings of up to $500 million of common shares, debt securities, subscription receipts, warrants and units (all of the foregoing, collectively, the “Securities”) or any combination thereof during a 25 month period. The specific terms of any offering of Securities, including the use of proceeds from any offering, will be set forth in a shelf prospectus supplement. The Company has filed this base shelf prospectus to maintain financial flexibility but has no immediate intentions to undertake an offering.
January 18, 2018 Minaurum Drills 8.25 m of 1,760 g/t (57 opt) Silver at Alamos Silver Project
Minaurum Gold Inc – News Releases
Minaurum Gold, Inc, (“Minaurum”) is pleased to announce results from its on-going drill program in the historic Alamos Silver District in Sonora, Mexico (Fig. 1). Hole AL17-07, the first hole ever drilled into the Europa-Guadalupe Vein system, intersected 8.25 metres grading 1,760 g/t (57 opt) Silver, 1.6% Copper, 1.5% Lead, and 2.6% Zinc, including 2.2 metres grading 5,098 g/t (164 opt) Silver, 2.76% Copper, 0.5% Lead, and 1.18% Zinc. The vein was cut 325m below surface (Fig. 2) and its true width is estimated to be 90% of the intersection. Hole AL17-07 also cut two blind veins that have no surface exposure as well as the Nueva Europa vein (See Fig. 1), which returned 1.2m grading 542 g/t (17 opt) Silver.
First Majestic Launches Offering of Convertible Senior Notes
VANCOUVER, British Columbia, Jan. 24, 2018 (GLOBE NEWSWIRE) — First Majestic Silver Corp. (TSX:FR) (NYSE:AG) (Frankfurt:FMV) (“First Majestic” or the “Company”) announced today that it is offering US$150 million aggregate principal amount of unsecured convertible senior notes due 2023 (the “Notes”) pursuant to private placement exemptions (the “Offering”). The Company intends to use the net proceeds of the Offering to fund certain costs and expenses associated with the recently announced acquisition of Primero Mining Corp. (“Primero”) and for general corporate purposes and, if the acquisition is not consummated, for general corporate purposes. If the acquisition of Primero is not completed, the Company expects that the terms of the Notes will permit the Company, at its option, to redeem the Notes.
Santacruz Silver Commences Drilling at Veta Grande Project
2018-01-24_NR-SantacruzSlverMining
Vancouver, B.C. – Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the “Company” or “Santacruz”) reports that Carrizal Mining, S.A. de C.V. (“Carrizal”) has initiated a 6,000-meter surface diamond drilling campaign at the Veta Grande Project located in Zacatecas, Mexico pursuant to the terms of the binding LOI (the “Carrizal LOI”) between the Company and Carrizal (see press release dated December 14, 2017).
Aztec Minerals Provides Updates on Cervantes Project, Sonora and Tombstone Properties, Arizona
Vancouver, Canada – January 23, 2018 – Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) announces that it anticipates receiving assays late this month for the first 5 holes drilled at the Cervantes gold-copper porphyry property in Sonora State, Mexico before the Christmas break. The Phase 1 drill program is now underway again and consists of a total of 14 to 17 holes totaling approximately 3,000 metres.
Mammoth Resources Reports Initial Results From Diamond Drilling at Its Tenoriba Precious Metal Property, Mexico
TORONTO, Jan. 23, 2018 (GLOBE NEWSWIRE) — Mammoth Resources Corp. (TSX-V:MTH), (the “Company”) is pleased to announce results from the first two diamond drill holes on its Tenoriba precious metal property in southwestern Chihuahua State, Mexico. The results are for two of three planned holes in the El Moreno area, located 1.4 kilometres west of the only holes previously drilled and reported on the property and are the first drill holes ever drilled into the El Moreno area. Results are shown in the table below and drill hole locations and sections illustrating the location and depth of the mineralized intervals relative to the geophysical features and topography of the area are available on the Company’s website under the ‘Projects’ section ‘Maps, Images and Photographs’ at the following link: 2018-01-23_Drill_Results_Images_PR-1
KOOTENAY ANNOUNCES DRILL RESULTS AT LA CIGARRA SILVER DEPOSIT, MEXICO – HIGHLIGHTS INCLUDE 8 METERS OF 107.12 GPT SILVER WITHIN 31 METERS OF 45.75 GPT SILVER
Kootenay Silver Inc. (TSXV: KTN) (the “Company” or “Kootenay”) is pleased to announce the results of the remaining nine core holes from the Company’s 2017 drill program carried out at its 100% owned La Cigarra silver property, located in Chihuahua State, Mexico. The La Borracha Zone showed encouraging results along the northern extension of the La Cigarra resource all of which sits within a nine-kilometer-long mineralized trend.