JV

Riverside Resources and Centerra Gold Develop New High-Grade Gold Drill Targets at The Glor Project in Sonora, Mexico

/ gambusinoprospectormexico / Leave a comment

http://www.rivres.com/index.php/news/2017-news/333-riverside-resources-and-centerra-gold-develop-new-high-grade-gold-drill-targets-at-the-glor-project-in-sonora-mexico

September 6, 2017 – Vancouver, BC: Riverside Resources Inc. (“Riverside” or the “Company”) (TSX-V: RRI), is pleased to report that geologic mapping and rock-chip sampling continues at the partner-funded Glor Gold Project (the “Project”) in northwestern Sonora, Mexico. This latest phase of exploration work has yielded further encouraging results from the Puerto El Alamo (“Alamo”) target area in the central part of the Project. Recently received gold assays for a batch of 75 rock-chip samples from the Alamo target area include high-grade values of 14.4 and 24.0 g/t Au. The current exploration campaign at Glor is being funded by Centerra Gold Inc. (“Centerra”), with the ultimate objective being to discover an economic deposit of orogenic gold mineralization similar to that found at Alamos Gold’s El Chanate Mine located approximately 12 kilometres to the east-southeast of Glor.

The Alamo target area is located 3 kilometres southwest of the Pitaya target where Centerra recently drilled 9 diamond drill holes (1,942 meters) completed under the JV. These drill-holes tested a zone of disseminated and fracture-controlled gold mineralization hosted by andesitic volcanic rock that had been sampled in excavated trenches (see Company news releases issued on April 17 and June 19 of 2017). Geologic mapping of the Alamo target area has outlined extensive outcroppings of andesite volcanic rock similar to that found at Pitaya (see Figure 1, below) and a number of shear structures inclined at low angles to the south have been identified within the volcanic unit and in underlying sedimentary rocks. These ductile fault zones display orogenic-style rock alteration, quartz and carbonate veining and have yielded rock-chip samples that assayed up to 14.4 g/t gold across 1.0 meter. In addition, the Alamo target area is host to a number of quartz veins, typically tens of meters in length and less than 30 centimetres thick containing samples which have yielded gold grades of up to 24 g/t Au.

Primero Reports Second Quarter 2017 Results

/ gambusinoprospectormexico / Leave a comment

http://www.primeromining.com/English/investors/news/press-release-details/2017/Primero-Reports-Second-Quarter-2017-Results/default.aspx

TORONTO, ON — (Marketwired) — 08/10/17 — (Please note that all dollar amounts in this news release are expressed in U.S. dollars unless otherwise indicated. Refer to the Q2 2017 management’s discussion and analysis (“MD&A”) and financial statements for more information.)

Primero Mining Corp. (“Primero” or the “Company”) (TSX: P)(NYSE: PPP) today reported operating and financial results for the second quarter ended June 30, 2017, and provided an update on recent operating and corporate activities.

Highlights:

  • Q2 2017 Production: Total production of 35,965 gold equivalent ounces1, comprised of 11,903 ounces of gold and 0.97 million ounces of silver from San Dimas, and 20,731 ounces of gold from Black Fox, 27% lower than the 49,499 gold equivalent ounces produced in Q2 2016. Consolidated Q2 2017 total cash costs2 were $852 per gold equivalent ounce, with consolidated all-in sustaining costs3 (“AISC”) of $1,262per gold ounce.
  • San Dimas Phased Restart Underway: San Dimas produced 15,234 gold equivalent ounces (11,903 ounces of gold and 0.97 million ounces of silver) in Q2 2017. Production during the quarter was impacted by a strike related to the renegotiation of the Collective Bargaining Agreement (“CBA”), with operations resuming on April 22, 2017. A phased restart of San Dimas operations has been initiated with overall performance in line with the restart plan during the quarter but slowing in recent weeks with continued labour disruption.
  • Black Fox Outperforms on Higher Than Expected Underground Grade: Black Fox produced 20,731 ounces of gold in Q2 2017, compared to 15,172 ounces in Q2 2016. Underground mining was primarily focused on production from the Deep Central Zone, with underground gold grades averaging 7.09 g/t and a daily average mining rate of 747 tonnes per day (“TPD”) of high-grade ore. All-in sustaining costs of $827 per ounce in Q2 2017 were significantly lower than the $1,362 per ounce realized in Q2 2016. The mine generated positive cash flows during the second quarter of 2017, and remains on track to achieve 2017 production guidance of between 50,000 and 60,000 ounces of gold.
  • Financial Results Impacted by Asset Impairments: The Company recognized a net loss of $300.4 million in Q2 2017 compared to a net loss of $19.4 million in Q2 2016. The net loss incurred in Q2 2017 includes a $285.0 million impairment of the Company’s assets. Adjusted net loss4was $2.9 million ($0.02 per share) for Q2 2017, compared to adjusted net loss of $3.5 million ($0.02 per share) for Q2 2016. Primero generated operating cash flow before working capital changes during Q2 2017 of $8.4 million ($0.04 per share).
  • Strategic Review Update: Primero announced today that it has entered into an agreement to sell its Black Fox mine and complex in Timmins, Ontario for $35 million. The Company also continues to explore all alternatives to maximize stakeholder value related to its San Dimas mine in Mexico, including potential strategic investments, joint ventures, revision of the San Dimas Silver Purchase Agreement (“SPA”) and a potential divestiture. At this time, there can be no certainty that these discussions will result in a resolution acceptable to all stakeholders.

Goldcorp Announces Sale of the Camino Rojo Oxide Project

/ gambusinoprospectormexico / Leave a comment

http://www.goldcorp.com/English/Investor-Resources/News/News-Details/2017/Goldcorp-Announces-Sale-of-the-Camino-Rojo-Oxide-Project/default.aspx

VANCOUVER, June 21, 2017 /CNW/ – GOLDCORP INC. (TSX: G, NYSE: GG) (“Goldcorp” or the “Company”) today announced that the Company has entered an agreement (the “Agreement”) with Orla Mining Limited (TSXV: OLA.V) (“Orla”), pursuant to which it has agreed to sell its 100% interest in the Camino Rojo oxide project, located in Zacatecas, Mexico.

Under the terms of the agreement, Goldcorp will receive: (1) 19.9% of the issued and outstanding common shares of Orla, (2) a 2% Net Smelter Return royalty on revenues from all metal production from the project, with the exception of metals produced under a joint venture with Orla, (3) an option to acquire up to a 70% interest in future sulphide projects, and (4) the right to nominate a director to Orla’s Board for as long as Goldcorp’s equity ownership position is greater than 10%.

The transaction is subject to customary closing conditions and is expected to close in the second half of 2017.

Millrock Acquires Option On La Navidad Gold Project, And Makes Joint Venture Agreement With Centerra Gold, Sonora State, Mexico

/ gambusinoprospectormexico / Leave a comment

https://www.millrockresources.com/news/millrock-acquires-option-on-la-navidad-gold-project-and-makes-joint-venture-agreement-with-centerra-gold-sonora-state-mexico

VANCOUVER, BRITISH COLUMBIA, June 13th, 2017 – Millrock Resources Inc. (TSX-V: MRO) (“Millrock”) announces it has entered an option agreement to purchase the La Navidad gold project from a private Mexico firm, Western Mining S.A. de C.V (“Western”). The concessions under option are adjacent to surrounding concessions already held by Millrock. Together the district-scale land package covers more than 25,000 hectares in the Magdalena di Kino Mining area of Sonora State, Mexico. Simultaneously with the purchase agreement, Millrock has entered an option to joint venture agreement with Centerra Gold Inc. (“Centerra”). Centerra will fund initial exploration on the project. Work is scheduled to begin immediately.

Millrock Acquires Option On El Picacho Gold Project, In An Alliance Agreement With Centerra Gold, Sonora State, Mexico

/ gambusinoprospectormexico / Leave a comment

https://www.millrockresources.com/news/millrock-acquires-option-on-el-picacho-gold-project-in-an-alliance-agreement-with-centerra-gold-sonora-state-mexico

VANCOUVER, BRITISH COLUMBIA, June 8th, 2017 – Millrock Resources Inc. (TSX-V: MRO) (“Millrock”) announces it has entered an option agreement to purchase the El Picacho project. The project consists of district-scale concessions that cover approximately 6,300 hectares, located in Sonora State, Mexico, 18 kilometres southwest of the San Francisco Gold Mine which is operated by Alio Gold Inc. The target is an orogenic gold deposit of similar scope to that present at San Francisco. The project was identified to Centerra Gold Inc. (“Centerra”) by Millrock, and Centerra has agreed that El Picacho will become a “designated project” under the terms of the strategic alliance agreement (“Alliance”) in place between the companies. The Alliance was announced here in early 2017. Centerra has provisionally approved a US$460,000 exploration budget for 2017 for the El Picacho project.

Evrim Increases Private Placement to $4.2 million

/ gambusinoprospectormexico / Leave a comment

http://www.newsfilecorp.com/release/26480/Evrim-Increases-Private-Placement-to-4.2-million#.WQdQhog1_IU

Vancouver, British Columbia–(Newsfile Corp. – May 1, 2017) – Evrim Resources Corp. (TSXV: EVM) (“Evrim” or the “Company”) announces that, further to its announcement on April 27, 2017, in response to additional market demand the Company has increased its private placement to a 14,000,000 unit private placement at $0.30 to raise gross proceeds of $4.2 million. Each unit will consist of one common share and one-half non-transferable share purchase warrant. Each whole warrant (a “Warrant”) is exercisable into one common share at a price of $0.50 for three years from the date of closing (the “Closing Date”).

Preliminary Results Outline a Path to Low-Cost Lithium Extraction at Agua Fria, Mexico (Lithium Australia 49%, Alix Resources 51%)

/ gambusinoprospectormexico / Leave a comment

http://www.fscwire.com/newsrelease/preliminary-results-outline-path-low-cost-lithium-extraction-agua-fria-mexico-lithium

Vancouver, British Columbia (FSCwire) – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) wish to provide the following news release issued by its JV partner Lithium Australia ML (LIT-ASX) with regards to the ongoing program at the Agua Fria Lithium Project located in Sonora, Mexico.

 

HIGHLIGHTS

 

  • Mineralogy suggests there is potential to significantly beneficiate Agua Fria mineralization.

 

  • Most lithium liberated rapidly at ambient temperature.

 

  • No expensive reagents required.

 

  • No roasting required.

 

  • Montmorillonite is thought to be the main lithium bearing mineral.

Colibri announces that its shares remain halted and that Agnico Eagle Mines has started drilling on the Pitaya property

/ gambusinoprospectormexico / Leave a comment

http://www.newswire.ca/news-releases/colibri-announces-that-its-shares-remain-halted-and-that-agnico-eagle-mines-has-started-drilling-on-the-pitaya-property-619039744.html

DIEPPE, NB, April 10, 2017 /CNW/ – (CBI: TSX-V) Colibri Resource Corporation (Colibri or the Company) announces that further to the TSX Venture Exchange (TSXV) Bulletin dated December 16, 2016, trading in the shares of the Company remain halted pending receipt and review of acceptable documentation regarding the Fundamental Acquisition of Canadian Gold Resources pursuant to Listing Policy 5.6 (d) of Exchange Policy 5.3. All relevant information has been submitted to the Exchange for review in regards to resume trading.

The regulatory halt is imposed by Investment Industry Regulatory Organization of Canada, the Market Regulator of the Exchange, pursuant to the provisions of Section 10.9 (1) of the Universal Market Integrity Rules.

Colibri would also like to report that Agnico Eagle Mines Limited (AEM) has started a drill program with two drills on the Pitaya (Colibri) property in Mexico, which is a joint venture property between AEM and Colibri. AEM is the project operator on this property. Colibri will release the results from this drill program when they become available from AEM.

Lithium Australia ups stake in Mexican Lithium clay play

/ gambusinoprospectormexico / Leave a comment

https://thewest.com.au/business/public-companies/lithium-australia-ups-stake-in-mexican-lithium-clay-play-ng-b88424945z

Lithium Australia have increased their interest in the Electra Lithium clays joint venture in Mexico ahead of a 3,000m drilling program scheduled to begin next week.

The aggressively expanding Perth-based developer of Lithium extraction technologies announced this week they had boosted their stake in the Electra joint venture from 25% to 49% under the earn-in terms with TSX-listed Alix Resources.

Electra is on the southern boundary of Bacanora Minerals’ Sonora project, a giant Lithium clays project that grabbed headlines in 2015 with the signing of a major off-take agreement with revered electric car manufacturer Tesla.

Juanicipio Project Update

/ gambusinoprospectormexico / Leave a comment

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.