Vancouver, Canada: Radius Gold Inc. (TSX-V: RDU) is pleased to announce that it has signed a binding agreement with a private Mexican company to option the 473-hectare Tarros Project which is host to several large gold silver mineralized diatreme breccia bodies. The Tarros Project is located 50km north of Radius’s new Amalia discovery (see press release 19 September, 2017) in the Sierra Madre Gold Silver belt in the State of Chihuahua, Mexico.
Option Agreement
Millrock Provides 2017 Exploration Update
https://www.millrockresources.com/news/millrock-provides-2017-exploration-update
VANCOUVER, BRITISH COLUMBIA, August 10, 2017 – Millrock Resources Inc. (TSX-V: MRO) (“Millrock” or “the Company”) is pleased to provide an update on its exploration activities in Alaska, British Columbia, and Mexico, as well as its growth plans for 2017 and beyond.
Keeping in line with the Project Generator business model, Millrock has continued to generate numerous high-quality projects over the past four years. Most recently, the Company has added two new projects to its portfolio: the La Navidad and El Picacho gold projects in Sonora State, Mexico.
Presently, Millrock has three partner companies funding work on five different projects. Total 2017 exploration expenditures are estimated to be US$5.1 million, and revenues from management fees are estimated to be US$380,000, with most of the activity, expenditures, and revenues to come in the latter half of 2017.
Prospero Announces Option to Own Agreement
VANCOUVER, British Columbia, Aug. 01, 2017 (GLOBE NEWSWIRE) — Prospero Silver Corp. (TSXV:PSL) (“Prospero” or the “Company”) announces that it has, together with its Mexican subsidiary Mineral Fumarola, S. A. de C. V., entered into an option to own agreement (the “Option Agreement”) with Exploraciones del Altiplano, S.A. de C.V. (“Altiplano”) to earn a 100% right, title and interest in and to Altiplano’s Buenavista claims located in Durango, Mexico (the “Property”), subject to the reservation by Altiplano of a 2% net smelter return royalty. The Option Agreement is subject to approval of the TSX Venture Exchange (the “TSXV”).
Santacruz Silver Announces Agreement to Consolidate 100% Ownership of the Veta Grande and Minillas Mineral Properties
http://www.santacruzsilver.com/s/news_releases.asp?ReportID=793384
Vancouver, B.C. — Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the “Company” or “Santacruz”) reports that it has signed an agreement (the “Option Agreement”) with certain private Mexican companies (together “Contracuña”) pursuant to which Contracuña has granted Santacruz an option to purchase a 100% interest in the Veta Grande and Minillas properties, for aggregate cash consideration of US$15,500,000. The Company currently operates the properties on a 60%/40% net profits interest (“NPI”) basis pursuant to an exclusive thirty-year right granted by Contracuña (see news release dated November 2, 2015).
Plata Latina Announces Fresnillo’s Commencement of Drilling on Naranjillo
https://ceo.ca/@newsfile/plata-latina-announces-fresnillos-commencement-of
Vancouver, British Columbia–(Newsfile Corp. – June 8, 2017) – Plata Latina Minerals Corporation(TSXV: PLA) (“Plata Latina“ or the “Company”) is pleased to announce that Metalúrgica Reyna, S.A. de C.V. (“Reyna”), a wholly-owned subsidiary of Fresnillo PLC, has recently initiated a multi-rig drilling program at Plata Latina’s Naranjillo project where Plata Latina had previously obtained numerous high-grade Ag-Au drill intercepts (up to 3,181 g/t silver and 13.28 g/t gold over 10.95 metres). The Naranjillo project is the subject of the purchase option agreement with Reyna announced on April 3, 2017. Drilling results will be announced as they become available.
Harvest Gold Options High Grade Gold and Silver Project In Mexico from Evrim Resources Corp.
Vancouver, British Columbia / TheNewswire / June 8, 2017 ‑ Harvest Gold Corporation (TSX.V: HVG) (“ Harvest Gold ” or the “ Company ”) and Evrim Resources Corp. (TSX.V: EVM) (“Evrim”) are pleased to announce that they have entered into an Option Agreement whereby Harvest Gold can earn up to an 80% interest in the high grade Cerro Cascaron gold/silver project in Mexico. The project covers 69 square kilometers in an historic Colonial-era mining district in the prolific Sierra Madre Occidental precious metals belt of western Chihuahua State, Mexico (Figure 1).
Evrim Options Cerro Cascaron Gold-Silver Project to Harvest Gold
http://www.evrimresources.com/s/news-releases.asp?ReportID=792214
Vancouver B.C. – June 8, 2017. Evrim Resources Corp. (TSX.V:EVM) (“Evrim” or the “Company”) is pleased to announce that it has signed an option agreement (the “Agreement”) with Harvest Gold Corporation (“Harvest”) in respect of the high grade gold-silver Cerro Cascaron project (“Project”) in Chihuahua, Mexico. Harvest will have the right to earn up to an 80% interest in the Project by incurring certain exploration expenditures, making cash and share payments and delivering a 43-101 compliant feasibility study.
“We are very excited to partner with Harvest Gold on the Cerro Cascaron project”, commented Paddy Nicol, Evrim’s President and CEO. “Harvest’s management team has a demonstrated history of successful project development and we are confident in their commitment to the Project. Cerro Cascaron, with its district scale high grade gold and silver systems, is the type of project that an exploration company such as Harvest can take an aggressive approach to explore and develop quickly. Exploration at the Project is expected to commence shortly with the aim to identify several targets for drill testing later in 2017.”
Sonoro Receives Chipriona Sale Proceeds from Agnico Eagle
VANCOUVER, June 1, 2017 /CNW/ – Sonoro Metals Corp., (“Sonoro” or the “Company”) (TSXV: SMO), is pleased to announce that it has received the balance of the $4,000,000 proceeds from Agnico Sonora, S.A. de C.V. (“Agnico”), a subsidiary of Agnico Eagle Mines Limited, for the sale of the Company’s Chipriona project in Mexico under an assignment agreement, details of which were disclosed in the Company’s news releases dated December 14, 2016 and December 22, 2016.
The current and final payment of $3,350,000 supersedes the three previously proposed sequential installments that were to be paid following certain conditions that have now been fully satisfied through the registration of title to the Chipriona concessions under Agnico at Mexico’s Public Registry of Mining. Sonoro has no further interest in the Chipriona concessions, save and except for its retention of a 1% net smelter returns royalty (“NSR”). The NSR may be purchased by Agnico at any time for $1,500,000.
This disposition by the Company has been accepted for filing by the TSX Venture Exchange.
AMERICAS SILVER CORPORATION PROVIDES FIRST QUARTER PRODUCTION AND COST UPDATE
Click to access nr20170426.pdf
TORONTO, ONTARIO—April 26, 2017—Americas Silver Corporation (TSX: USA) (NYSE “MKT”: USAS) (“Americas Silver” or the “Company”) today announced consolidated production and operating cost results for the first quarter of 2017 and individually for its Cosalá Operations and Galena Complex. All figures are in U.S. dollars unless otherwise indicated. First Quarter Highlights (compared to Q1, 2016) Consolidated silver production of approximately 524,000 silver ounces and 1.1 million silver equivalent1 ounces, representing decreases of 22% and 13%, respectively. Consolidated cash costs2 were approximately $10.49 per silver ounce, an increase of 7%, while consolidated all‐in sustaining costs2 were approximately $14.27 per silver ounce, an increase of 19%. Cosalá Operations silver production of approximately 250,000 silver ounces and 537,000 silver equivalent ounces, representing decreases of 19% and 11%, respectively, inclusive of El Cajón development ounces. Cash costs were approximately $2.61 per silver ounce and all‐in sustaining costs were approximately $3.21 per silver ounce, down 63% and 63%, respectively, exclusive of El Cajón development ounces and related costs. Galena Complex silver production for the quarter of approximately 273,000 silver ounces and 571,000 silver equivalent ounces representing decreases of 25% and 14%, respectively. Cash costs were approximately $15.89 per silver ounce and all‐in sustaining costs were approximately $21.86 per silver ounce up 31% and 47%, respectively, due to planned lower grade and longer than expected mill repairs during the quarter. Guidance for 2017 remains unchanged at 2.0 ‐ 2.5 million ounces in silver production and 5.5 ‐ 6.0 million ounces of silver equivalent production with projected cash costs of $4.00 ‐ $5.00 per silver ounce and all‐in sustaining cash costs of $9.00 ‐ $10.00 per silver ounce. The San Rafael Project remains on budget and on time for the start of production by the end of Q3, 2017 despite recent ramp development challenges with poor ground conditions. The Company expects to be back into good ground by the end of April. The Company purchased an option on the San Felipe Project for total payment of $7.0 million (plus VAT) in March 2017. At the end of the first quarter, the Company drew fully upon the $15 million Glencore facility and fully repaid its existing debt of approximately $8.0 million during the quarter. The Company’s cash balance at March 31, 2017 was $17.6 million.
Expiry of Option Over Tailings Project
Click to access nr-2017-04-26-tnm-termination.pdf
Arian Silver Corporation (“Arian” or the “Company”), the Mexico focused AIM quoted resource development company, announces that it will allow its option with Tierra Nuevo Mining Ltd over the Noche Buena gold and silver tailings project, to lapse unexercised. The Company will instead continue to focus on its lithium projects in Zacatecas State, Mexico, as detailed in the announcement of 11 April 2017. In respect of the gold and silver tailings project, the metallurgical testwork undertaken by Resource Development Inc (RDi) of Denver, Colorado, in the USA, demonstrated that the tailings are highly refractory and include various gangue minerals that would not only inhibit extraction of the silver and gold, but also lead to significant penalties levied by any purchasers of any concentrate produced.