TORONTO, ONTARIO – (May 25, 2018) – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) (“McEwen Mining” or the “Company”) is pleased to announce results of a new Preliminary Economic Assessment (PEA) study evaluating the potential extension of production from its 100% owned El Gallo Complex in Sinaloa, Mexico. The proposed
redevelopment plan evaluated in the PEA is called Project Fenix. The key outcomes of Project Fenix include an average annual production rate of 47,000 ounces gold equivalent (AuEq), low initial capital cost, mine pay-back of 4 years, and an after-tax IRR of 25% at current gold and silver prices.
Month: May 2018
Santacruz Silver Reports First Quarter 2018 Production Results
Vancouver, B.C. – Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the “Company” or “Santacruz”) reports on the operating results from the Veta Grande Project in Zacatecas, Mexico and the Rosario Project in San Luis Potosi, Mexico for the first quarter of 2018.
Minaurum Closes Second Tranche of Oversubscribed Private Placement
Minaurum Gold Inc. (“Minaurum”) is pleased to announce that its previously announced private placement (see News Release dated May 8, 2018) is oversubscribed and it is increasing the private placement to $7,000,000, subject to TSX Venture Exchange approval. In addition, Minaurum has now closed the second tranche of the private placement raising $909,999.45. Total gross proceeds raised in the first two tranches are $5,702,499.45.
LEAGOLD COMPLETES ACQUISITION OF BRIO GOLD AND WELCOMES PETER MARRONE TO BOARD OF DIRECTORS
Vancouver, May 24, 2018 – Leagold Mining Corporation (TSX:LMC; OTCQX:LMCNF) (“Leagold” or the “Company”) is pleased to announce the completion of its acquisition of Brio Gold Inc. (“Brio”). Leagold has launched a new corporate website, at http://www.leagold.com, which contains information on its gold mines and projects in both Mexico and Brazil.
Canasil Starts Drilling at La Esperanza Silver-Gold-Zinc-Lead Project
Canasil Starts Drilling at La Esperanza Silver-Gold-Zinc-Lead Project
Vancouver, May 24, 2018 – Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil”) announces that drilling has started at the La Esperanza silver-gold-zinc-lead project in Durango and Zacatecas States, Mexico. The drill program is planned to follow up on the positive drill results from the 2016-17 drill program on the La Esperanza vein, located in the southeast of the project area.
DISCOVERY METALS REPORTS ADDITIONAL HIGH-GRADE CHANNEL SAMPLES FROM PUERTO RICO PROJECT, AVERAGING 182 G/T SILVER, 8.6% ZINC AND 3.0% LEAD IN MANTO MINERALIZATION ACROSS ZARAGOZA GRANDE LEVEL
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May 24, 2018 – Discovery Metals Corp. (TSX-V: DSV) (“Discovery” or the “Company”) is pleased to announce a second batch of assays results from the detailed underground channel sampling program at its flagship Puerto Rico project (“Puerto Rico” or “the Project”) in northern Coahuila State, Mexico. This follows up on the first batch of results released on April 30, 2018 (see References below for link).
Hecla Announces Appointment of Larry Radford as Chief Operating Officer
COEUR D’ALENE, Idaho–(BUSINESS WIRE)– Hecla Mining Company (NYSE:HL) today announced that Mr. Larry Radford has been appointed Chief Operating Officer of the Company effective immediately, a promotion from his previous role of Senior Vice President – Operations, overseeing Hecla’s operations, development projects, pre-development initiatives.
MINERA ALAMOS ANNOUNCES OTC TICKER SYMBOL CHANGE TO MAIFF
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Minera Alamos Inc. (“Minera Alamos” or the “Company”) (TSX VENTURE:MAI, OTCQB:MAIFF) announces that FINRA has approved a change in the Company’s stock symbol trading on the OTC Markets. The Company’s common shares now trade on the OTCQB under the symbol MAIFF. The previous trading symbol was VGMTF.
MEXICAN GOLD ACHIEVES DTC ELIGIBILITY IN UNITED STATES
Mexican Gold Corp. (“Mexican Gold” or the “Company”) (TSX-V: MEX/ OTCQB:
MEXGF / FRA: 4QW1 is pleased to announce that its common shares are now DTC eligible. The DTC (Depository Trust Company) is a subsidiary of the Depository Trust and Clearing Corporation, which was created to improve efficiencies and reduce risks in the clearance and settlement of securities transactions. When DTC provides services as the depository for a company’s shares, the shares can be traded electronically.
Prospero Closes First Tranche of Private Placement Financing
Vancouver, British Columbia–(Newsfile Corp. – May 23, 2018) – Prospero Silver Corp. (TSXV: PSL) (“Prospero” or “The Company”) is pleased to announce that on May 18, 2018, it completed a private placement of $517,479.98 which was previously announced on April 16, 2018. The Company also began the process of closing the second tranche today which it intends to close within the next five business days, for additional proceeds of approximately $495,000.