Process Plant

MX Gold Corp. Advances the Magistral Project Towards Production

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https://www.centralcharts.com/en/21816-mx-gold-corp/news/853341-mx-gold-corp-advances-the-magistral-project-towards-production

VANCOUVER, British Columbia, July 20, 2017 (GLOBE NEWSWIRE) — MX Gold Corp. (TSX-V:MXL) (FSE:ODV) (OTCQX:MXLGF) (the “Company” or “MX Gold”) is pleased to announce that, in its Joint Venture with GracePoint Mining Corp a subsidiary or Firma Holdings Corp. (OTC:FRMA),  the Magistral project is progressing on schedule. The turn-key build out of the plant includes increasing throughput capacity to 1,000 tonnes per day.  The build out is on track to be completed, with the plant operational, by this November.

Mr. Dan Omeniuk, Chairman and CEO of MX Gold stated, “Despite the rainy season in the region, it is encouraging to see that the project business plan is being executed on schedule, and that our Joint Venture efforts with GracePoint  are producing positive outcomes. We are looking forward to the projected cash flow from Magistral, as it will serve as an integral part of our approach to building further value for MX Gold shareholders with a non-dilutive strategy.”

AMERICAS SILVER CORPORATION PROVIDES AN UPDATE ON THE SAN RAFAEL PROJECT 

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Click to access nr20170717.pdf

TORONTO, ONTARIO – July 17, 2017 – Americas Silver Corporation (TSX: USA) (NYSE “MKT”: USAS) (“Americas Silver” or the “Company”) is pleased to provide a construction update on its 100% owned and fully funded San Rafael development project located in Sinaloa, Mexico.

Budget & Timeline

Construction commenced in early Q4, 2016 with an estimated initial capital expenditure of US $22 million based on the March 30, 2016, San Rafael pre-feasibility study. The initial capital estimate was subsequently reduced to US $18 million due to project optimization related to the mill expansion, refurbishing existing equipment and ramp development, as well as favourable movements in the Mexican peso. As at June 30, 2017, the Company has spent approximately $10.5 million of the revised budget and expects to have sufficient cash on hand and cash flow generated from continuing operations to fund the project development.

Management expects that initial processing of material at the existing Los Braceros mill will occur by mid-September. The initial targeted throughput of 1,500 tonnes per day from the pre-feasibility study is expected early in Q4, 2017. In early 2018, management will evaluate a potential mill expansion based on realized mill throughput of the San Rafael ore, achievable future mining rates and current metal prices.

San Rafael is expected to deliver average annual production of 1 million ounces of silver, 50 million pounds of zinc and 20 million pounds of lead over a 6 plus year mine life at negative all-in sustaining costs based on current reserves and metal prices. The project is expected to have an IRR of greater than 100%, generate substantial free cash flow and provide a step change in the Company’s cash cost and all-in sustaining cost profile in 2018.

LEAGOLD REPORTS LOS FILOS Q2 GOLD PRODUCTION OF 46,098 OZ AND PROVIDES OPERATIONS UPDATE

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Click to access 2017-07-17_NR.pdf

Vancouver, July 17, 2017 – Leagold Mining Corporation (TSX-V: LMC) (“Leagold” or the
“Company”) announces Q2 2017 gold production at the Los Filos Mine of 46,098 oz, which includes 43,980 oz from April 8, 2017 to June 30, 2017. AISC per ounce and additional operating details will be reported in the Q2 2017 financial results to be released in mid-August. Leagold ended Q2 2017 with a strong cash balance of $65.4 million and operations being cash flow positive.

Telson Resources Inc. Commences Tahuehueto Pre-Production Mining With Ore Milling/Processing at Atocha Toll Mill and Secures USD $1,000,000 concentrate pre-payment.

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Click to access TSN_NR_157_Jul6_2017.pdf

Vancouver, British Columbia, July 6, 2017 – Telson Resources Inc. (“Telson” or the “Company”) (TSX Venture – TSN.V) is pleased to announce that it has entered into a mineral processing agreement with Compañia Minera de Atocha, S.A. de C.V., the owner of the Atocha mineral processing plant (the “Atocha Mill”) for the processing during 2017 of at least 21,000 tonnes of Tahuehueto ore.
Ore is being mined from the El Creston zone at Level 10, the same location as the previous 3,500 tonne industrial scale bulk sample (the “Initial Bulk Sample”) that yielded an average head grade of 9.5 g/t gold, 63.9 g/t silver, 3.54% lead and 6.24% zinc and after processing produced lead and zinc concentrates that were sold by Telson for USD $1.47 million cash receipts.

Torex Delivers Very High Grade Sub-Sill Ore to the Processing Plant

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https://www.torexgold.com/news/torex-delivers-very-high-grade-sub-sill-ore-to-the-processing-plant

TORONTO, Ontario, June 21, 2017 – Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG) is pleased to announce that, on schedule, the Sub-Sill Access Ramp has entered into the high grade mineralization at its Sub-Sill underground deposit associated with its El Limon-Guajes Mine in southwest Mexico. The first 260 tonnes of ore from the Sub-Sill were delivered to the processing plant yesterday. A random sample from each truck load of ore from this first ‘round’ into mineralized Sub-Sill skarn, returned an average grade of 98 g/t Au.

Fred Stanford, President & CEO of Torex stated: “Going from discovery to first tonnes processed in less than eight months is a testament to the planning ability and the execution skills of our team. The quality of the asset speaks for itself. Infill and step-out exploration drilling programs for the Sub-Sill are ongoing. A mine plan is expected to be published after the infill drill program is completed, the resource estimate is updated, and a maiden Sub-Sill reserve is determined. This is all scheduled to occur by the end of the year.”

GREAT PANTHER SILVER COMPLETES COMMISSIONING OF TOPIA PROCESSING PLANT AND RESUMES FULL PRODUCTION

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Click to access GPR_Press_Release_2017-06-01_June_1_17_GPR_Resumes_Full_Operation_at_Topia.pdf

GREAT PANTHER SILVER LIMITED (TSX: GPR; NYSE MKT: GPL) (“Great Panther”; the
“Company”) announces that it has successfully completed the commissioning phase of the refurbished processing plant at its Topia Mine in Durango. The plant, including the new handling facilities for dry stack tailings, is now operating at planned capacity.
The Company is continuing to deposit dry tailings at the existing Phase I Tailings Storage Facility (“TSF”) while it works on a resolution for an outstanding permitting condition. The Mexican Environmental Authority (SEMARNAT) has denied the request for the Change in Use of Soils permit required for the Phase II TSF, until this condition is met. The Company believes it can resolve this over the next few weeks and transition to the new TSF without interruption, but cannot provide complete assurance. Discussions to date with the authorities and other interests have been positive and are continuing.

Starcore Announces 4th Quarter Production Results

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https://www.starcore.com/news/news-releases/starcore-announces-4th-quarter-production-results

Vancouver, B.C. – Starcore International Mines Ltd. (the “Company”) announces production results for the fourth quarter of fiscal 2017, ended April 30, 2017, at its San Martin Mine (“San Martin”) in Queretaro, Mexico and the Altiplano Gold Silver Processing Facility (“Altiplano”) in Matehuala, Mexico.

During Q4 at San Martin, a total of 65,789 tonnes were milled at an average grade of 1.82 g/t gold and 13.5 g/t silver resulting in the production of 3,365 gold equivalent ounces. Mill recoveries averaged 81.9% for gold and 49.7% for silver. Equivalent gold ounce calculation is based on the average gold:silver ratio of 69.6:1 during the quarter.

The carbonaceous ore continues to experience mineralogical issues and, as a result, the Company has not started processing this ore utilizing the CIL/ADR circuit. Management is determining the best approach to treating the carbonaceous ore. The CIL/ADR circuit is working well and is continuing to process granulated carbon from third party producers as the Company has received its third shipment subsequent to the quarter end.

GAINEY ADDS MARK BAILEY TO ADVISORY BOARD

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http://www.gaineycapital.com/8-news/89-gainey-adds-mark-bailey-to-advisory-board.html

Vancouver, BC – Gainey Capital Corp. (TSXV: GNC) (OTC: GNYPF) (“Gainey” or the “Company”) is pleased to announce that the Company has added Mr. Mark Bailey to its Advisory Board.

Mr. Bailey holds a Master’s degree in geology, is a registered professional geologist with over 40 years experience, most recently in the role of President & CEO of TSX-listed Minefinders Corporation Ltd. from 1995 to its sale in 2012. While with Minefinders, he was responsible for the discovery and development of resources totaling more than 3 million ounces of gold and 165 million ounces of silver as well as the eventual sale of the company to Pan American Silver Corp. for C$1.5 Billion in 2012. Prior to his tenure with Minefinders, Mr. Bailey held senior positions with Equinox Resources Inc. and Exxon Minerals. He is presently a director of Entree Gold, Mason Resources, Dynasty Metals & Mining, and Northern Lion and owner of M.H. Bailey & Associates LLC, a consulting Geologist company.

MAG Silver Reports First Quarter Financial Results

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http://www.marketwired.com/press-release/mag-silver-reports-first-quarter-financial-results-tsx-mag-2216144.htm

VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 12, 2017) – MAG Silver Corp. (TSX:MAG)(NYSE MKT:MAG) (“MAG” or the “Company”) announces the Company’s unaudited financial results for the three months ended March 31, 2017. For details of the March 31, 2017 unaudited condensed interim consolidated Financial Statements and Management’s Discussion and Analysis, please see the Company’s filings on SEDAR (www.sedar.com) or on EDGAR (www.sec.gov).

All amounts herein are reported in $000s of United States dollars (“US$”) unless otherwise specified.

2017 FIRST QUARTER HIGHLIGHTS

  • At Juanicipio, as a result of the significant mineralized discoveries beneath the Bonanza zone, Fresnillo plc and the Company have been considering alternate mine plans and other project enhancements to maximize the value of both the Bonanza Zone and the new Deep Zone. Considerations include increasing the processing plant nameplate capacity from 2,650 tonnes per day to 4,000 tonnes per day and sinking an internal shaft (or winze) to access the deeper zone sooner.
  • Fresnillo has indicated that permitting based on the upgraded design has already commenced, and that it expects its Board to give formal project development approval in the second quarter 2017.
  • A new resource estimate and the design upgrades are planned to be incorporated into a revised mine plan and a new MAG technical report, anticipated to be completed in the second quarter of 2017 and form the basis for MAG’s formal project development approval.
  • The Juanicipio underground ramp decline reached the uppermost reaches of the Valdecañas Vein in December 2016 and intensified underground development has commenced to allow for the planned increase in processing capacity.
  • Assays from 13 additional exploration and infill drill holes were released in the quarter (see Press Release February 14, 2017), which along with the previously announced results (see Press Releases August 15, 2016 and April 23, 2015) have:
    • confirmed that continuous mineralization extends below the Valdecañas Bonanza Grade mineralization in both the East and West Veins;
    • 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 20,000 metre 2017 exploration drill program for Minera Juanicipio was initiated subsequent to the quarter end, and will test various targets within the Joint Venture boundaries.
  • The Company remains well funded, with cash, cash equivalents, and term deposits totaling $132,442 as at March 31, 2017.

GOLDEN MINERALS REPORTS FIRST QUARTER 2017 RESULTS

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Click to access Press-Release-May-8-2017-Golden%20Minerals%20Q117%20Results%20BOD.pdf

GOLDEN, CO ‐ /PRNEWSWIRE/ ‐ May 9, 2017 – Golden Minerals Company (“Golden Minerals”, “Golden” or “the Company”) (NYSE MKT and TSX: AUMN) today provided a business update and financial results for the first quarter ended March 31, 2017. First Quarter Business Update  The lease of the Company’s Velardeña oxide mill to Hecla Mining Company (“Hecla”), which began in July 2015, was further lengthened in March 2017 when Hecla exercised its right to extend the lease by an additional 18 months, until December 31, 2018. Hecla began work to expand the tailings impoundment at Velardeña in early 2017, as part of an earlier agreement related to its continued use of the facility. That expansion work has been substantially completed with sufficient capacity expected to accommodate Hecla’s planned production through 2018 plus additional capacity reserved for Golden’s future use.  Cash was $2.1 million at March 31, 2017.  Subsequent to March 31, 2017, the Company received the final payment of $750,000 for the sale of excess mining equipment and $300,000 for the farm out of a non‐strategic exploration property that occurred in 2016, increasing cash on hand by almost $1.1 million.  The Company is currently forecasting a cash balance of $1.5 million at the end of 2017.  In February 2017, a Preliminary Economic Assessment (“PEA”) was completed on the Company’s behalf for the Santa Maria mine in Chihuahua, Mexico. Also during the first quarter an environmental impact assessment was approved by SEMARNAT for the potential mining operation as considered in the PEA. During the remainder of 2017, the Company intends to continue work related to optimizing mining plans for the project.  The Company is also developing exploration plans to potentially expand the deposit. No development decision has yet been made with respect to the project.    Subsequent to the 2,000‐meter core drilling program completed on the Rodeo property in 2016, an estimate of mineralized material for Rodeo, prepared pursuant to Canadian National Instrument 43‐101 (“43‐101”), was completed on the Company’s behalf in January 2017. During the remainder of 2017, Golden plans to continue work related to economic evaluation of mining the mill‐grade material with processing at its Velardeña mill, metallurgical studies and potential expansion of the deposit.    At Golden’s Celaya property, which is subject to an earn‐in agreement with a subsidiary of Electrum Global Holdings, L.P., Electrum has conducted extensive geologic mapping and sampling on the property and has been drilling since late December 2016 to test newly identified targets.