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Guanajuato Silver Achieves Record Production of 938,047 AgEq Ounces in Q1
https://www.accesswire.com/750070/Guanajuato-Silver-Achieves-Record-Production-of-938047-AgEq-Ounces-in-Q1
Wednesday, April 19, 2023 8:07 AM
Realizes a 12% Production Increase Over Q4
VANCOUVER, BC / ACCESSWIRE / April 19, 2023 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(AQUIS:GSVR)(OTCQX:GSVRF) is pleased to announce consolidated production results for the three months ended March 31, 2023. Produc
Tocvan Announces Operational Plans Including Next Phase of Drilling; Confirms Consistent Gold Values with Sampling of Bulk Crush Material
https://www.accesswire.com/750297/Tocvan-Announces-Operational-Plans-Including-Next-Phase-of-Drilling-Confirms-Consistent-Gold-Values-with-Sampling-of-Bulk-Crush-Material
Thursday, April 20, 2023 2:05 AM
Tocvan Ventures Corp.
www.tocvan.com
Zacatecas Silver Provides Update at El Cristo, Zacatecas Property
https://ca.finance.yahoo.com/news/zacatecas-silver-provides-el-cristo-154900387.html
Zacatecas Silver Corp.
Fri, April 21, 2023 at 8:49 a.m. PDT·6 min read
Figure 1
Map of El Cristo showing Zacatecas’ drill hole traces in blue. Historical drill hole traces are also shown (black). The base of the map is a grey scale digital elevation model. For a full summary of drilling results see news release dated August 30, 2022.
VANCOUVER, British Columbia, April 21, 2023 (GLOBE NEWSWIRE) -- Zacatecas Silver Corp. (“Zacatecas Silver” or the “Company”, ZAC:TSX Venture; ZCTSF: OTC Markets; 7TV: Frankfurt) is pleased to announce that post the recent completion of a detailed modelling of its assay data, the Company has commenced drill permitting at the silver and base metal rich El Cristo vein system on the Zacatecas Property.
The El Cristo vein system is the NW strike extension of the prolific and well known Veta Grande vein system, which has reported, but unverified, historical production of 200 Moz AgEq.
The Company plans to follow up with an additional 2,5000 meter diamond drill program to expand the deposit at depth and along strike. Deposit modelling and petrographic study by the Company, indicates that El Cristo is of a similar style of mineralization as the Veta Grande.
The El Cristo vein system has a strike length of over 3 km on the Company licences and comprises multiple veins formed within a dilation jog that is up to 650 m wide (Figure 1). High-grade silver-base metal mineralization was historically mined from at least 31 shallow vertical shafts, reflecting the highly prospective nature of the El Cristo vein system, and presence of high-grade silver-base metal mineralization near surface.
The 28 holes drilled by the Company were scout holes designed to test the near surface depth extension of select veins over at least 2 km of strike extension. Silver-base metal mineralization was intercepted in 22 out of 28 drilled holes. Significantly, high grade silver equivalent mineralization was intercepted very close to surface (from 20 to 100 m downhole) over downhole widths of up to 9.3 m (see news release dated August 30, 2022). Based on these results, the Company has identified three high priority areas to test strike and depth extensions of multiple veins.
This exploration at the silver project is planned in addition to recently announced exploration plans at the Esperanza Gold Project (see news release dated March 13, 2023) and advancing the Preliminary Feasibility Study (“PFS”) at that project.
The Company is arranging a non-brokered private placement financing of 7,777,778 units at a price of $0.45 per Unit for total proceeds of $3,500,000 (the “Offering”). Each Unit will consist of one common share (each, a “Common Share”); and one common share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder to purchase a Common Share at an exercise price of $0.55 for a period of three years months from the date of issue.
The securities under the Offering will be subject to restrictions on resale expiring four months and day after issue. The Company may pay registered finders a fee in cash and/or share purchase warrants. The Company intends to use the net proceeds of the offering to further advance studies at the Esperanza Gold Project, exploration activities at the silver projects and general working capital purposes.
Figure 1: Map of El Cristo showing Zacatecas’ drill hole traces in blue is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6450e623-4dc9-4ca8-a90f-8d2e67f43da1. Historical drill hole traces are also shown (black). The base of the map is a grey scale digital elevation model. For a full summary of drilling results see news release dated August 30, 2022.
Map of El Cristo showing Zacatecas’ drill hole traces in blue. Historical drill hole traces are also shown (black). The base of the map is a grey scale digital elevation model. For a full summary of drilling results see news release dated August 30, 2022.
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of, nor a solicitation for offers to buy, any securities in the United States.
Qualified Person
The contents of this news release have been reviewed and approved by Chris Wilson, B.Sc. (Hons), PhD, FAusIMM (CP), FSEG, FGS, Chief Operating Officer of Zacatecas Silver. Dr. Wilson is a Qualified Person as defined by NI 43-101.
About Zacatecas Silver Corp.
The Company has two key projects. The Esperanza Gold Project in Morelos State, Mexico and the Zacatecas Silver Project in Zacatecas State, Mexico.
Esperanza is an advanced stage, attractive low-cost, low-capital-intensity and low-technical-risk growth project located in Morelos state, Mexico. Alamos has progressed the project through advanced engineering, including metallurgical work, while also focusing on stakeholder engagement, including building community relations. The Company announced a Mineral Resource Estimate at Esperanza consisting of a Measured and Indicated Mineral Resource Estimate of 30.5 million tonnes at 0.97 g/t AuEq for 956 thousand ounces AuEq and an Inferred Mineral Resource estimate of 8.7 million tonnes at 0.98 g/t AuEq for 277 thousand ounces AuEq (see news release dated November 16, 2022).
The Zacatecas Silver Project is located in Zacatecas state, Mexico, within the highly prospective Fresnillo silver belt, which has produced over 6.2 billion ounces of silver. The Company holds 7,826 hectares (19,338 acres) of ground that is highly prospective for low-sulphidation and intermediate-sulphidation silver base metal mineralization and potentially low-sulphidation gold-dominant mineralization. The Company announced a Mineral Resource Estimate at the Panuco Deposit consisting of 2.7 million tonnes at 187 grams per tonne (g/t) silver equivalent (AgEq) (171 g/t silver (Ag) and 0.17 g/t gold (Au)) for 16.4 million ounces AgEq (15 million ounces silver and 15,000 ounces gold) (see news release dated December 14, 2021).
The property is 25 kilometres (km) southeast of MAG Silver Corp.'s Juanicipio Mine and Fresnillo PLC's Fresnillo Mine. The Property shares common boundaries with Pan American Silver Corp. claims and El Orito, which is owned by Endeavour Silver.
On behalf of the Company
Bryan Slusarchuk
Chief Executive Officer and Director
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Zacatecas Silver cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by many material factors, many of which are beyond their respective control. Such factors include, among other things: risks and uncertainties relating to Zacatecas Silver’s limited operating history, its proposed exploration and development activities on is Zacatecas Properties and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Zacatecas Silver does not undertake to publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information: Adam Ross, Investor Relations, Direct: (604) 229-9445, Toll Free: 1(833) 923-3334, Email: info@zacatecassilver.com
Silver Dollar Resources Signs Option and Exclusivity Agreements with Canasil Resources
https://www.newsfilecorp.com/release/163099
Vancouver, British Columbia--(Newsfile Corp. - April 20, 2023) - Silver Dollar Resources Inc. (CSE: SLV) (OTCQX: SLVDF) (FSE: 4YW) ("Silver Dollar" or the "Company") is pleased to announce the signing of an Option Agreement and Exclusivity Agreement with Canasil Resources Inc. ("Canasil").
Pursuant to the agreements, Silver Dollar will provide Canasil with a $200,000 non-interest-bearing loan (the "Loan") in return for a two-month exclusivity period to conduct due diligence on the assets of Canasil (the "Exclusivity Period") and an option to earn a 100% interest in Canasil's Nora property (the "Nora Option").
The purpose of the Exclusivity Period is to give Silver Dollar the opportunity to review Canasil's assets and consider a corporate merger (the "Transaction"). The Exclusivity Period can be extended for an additional 30 days if requested by Silver Dollar at no cost. Should Silver Dollar decline to propose a Transaction or the parties find the terms of a proposed Transaction unacceptable, then the Exclusivity Period will terminate, and Canasil will have 60 days to repay the Loan. Completion of a proposed Transaction will be subject to the support of key stakeholders, shareholder approval and regulatory approvals.
Canasil owns a 100% interest in the Nora property that is located in the State of Durango, Mexico (the "Property"). Under the terms of the Nora Option, Silver Dollar can earn a 100% interest in the Property by incurring total exploration expenditures of $3,000,000 and making cash payments totalling $375,000 over five years. Upon earning a 100% interest in the Property, Silver Dollar will grant Canasil a 3% net smelter returns royalty (the "Royalty"), with Silver Dollar having the right to buy back 1% of the Royalty for $3,000,000. After granting the Royalty, Silver Dollar will also pay an annual royalty of $25,000 which will be offset against the 1% Royalty buyback.
About the Nora Property
The Property is located approximately 200 kilometres (km) northwest of the City of Durango, with good access and infrastructure. The geological setting is a Tertiary-aged volcanic flow-dome complex. Gold-silver mineralization is hosted within two structurally-controlled epithermal veins, Candy and Nora. Mineralization is typical of that found at many mines in the region, with gold and silver associated with galena, sulfosalt minerals, and lesser pyrite, sphalerite, and chalcopyrite. There is evidence of some historical mining activity on the Candy vein, which is exposed in discontinuous outcrops for over 900 metres. The fault structure hosting the Candy vein has been traced for over 3 km. Samples of vein outcrop and mineral dumps from the Candy vein returned significant gold, silver, copper, zinc and lead values. The second vein, Nora, is found 600 metres northeast of the Candy vein and can be traced for 230 metres with widths of over 9 metres. Surface samples from this vein returned anomalous silver values associated with trace sulphides, with a geochemical signature typical of the higher levels of epithermal vein systems in the region. Drilling programs completed by Canasil in 2020 and 2021 were the first on the Property and consistently returned encouraging intercepts with high gold, silver, and copper values from the Candy vein.
Historical systematic grid soil sampling over an area of 3 km by 2 km covering the Candy and Nora veins and their projected extensions showed elevated silver, base metal (copper, lead, and zinc), and pathfinder (antimony and arsenic) values. The combination of the vein outcrops with large areas of anomalous silver and base metal values in soil samples may indicate additional concealed mineral systems. Major deposits in the region include La Pitarrilla, located 50 km east of the Property.
A follow-up news release will be issued highlighting the target areas and Silver Dollar's exploration plans.
Mike Kilbourne, P.Geo., an independent Qualified Person (QP) as defined in NI 43-101, has reviewed and approved the technical contents of this news release on behalf of the Company. The QP and the Company have not completed sufficient work to verify the information on the Nora Property, particularly regarding historical exploration, neighbouring companies, and government geological work.
About Silver Dollar Resources Inc.
Silver Dollar is a mineral exploration company that completed its initial public offering in May 2020 and is fully funded with approximately $5.7 million in the treasury. The Company's projects are located in two of the most prolific mining jurisdictions in the world. They include the advanced exploration and development stage La Joya Silver Project in the state of Durango, Mexico, and the discovery-stage Pakwash Lake and Longlegged Lake properties in the Red Lake Mining District of Ontario, Canada. The Company has an aggressive growth strategy and is actively reviewing potentially accretive acquisitions with a focus on drill-ready projects in mining-friendly jurisdictions.
For additional information, you can download our latest presentation by clicking here and you can follow us on Twitter by clicking here.
ON BEHALF OF THE BOARD
Signed "Michael Romanik"
Michael Romanik,
President, CEO & Director
Silver Dollar Resources Inc.
Direct line: (204) 724-0613
Email: mike@silverdollarresources.com
179 - 2945 Jacklin Road, Suite 416
Victoria, BC, V9B 6J9
Forward-Looking Statements:
This news release includes certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding future capital expenditures, anticipated content, commencement, and cost of exploration programs in respect of the Company's projects and mineral properties, anticipated exploration program results from exploration activities, resources and/or reserves on the Company's projects and mineral properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "will", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that market fundamentals will result in sustained precious and base metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration of the Company's properties, the availability of financing on suitable terms, and the Company's ability to comply with environmental, health and safety laws.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, statements as to the anticipated business plans and timing of future activities of the Company, including possible acquisitions, the Company's options to acquire mineral properties, the proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund its business activities and plans, delays in obtaining governmental and regulatory approvals, permits or financing, changes in laws, regulations and policies affecting mining operations, the Company's limited operating history, currency fluctuations, title disputes or claims, and environmental issues and liabilities.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this news release except as otherwise required by law.
Gatos Silver Continues to Intercept High Grade Mineralization at Cerro Los Gatos
https://ca.finance.yahoo.com/news/gatos-silver-continues-intercept-high-212400111.html
Gatos Silver, Inc.
Wed, April 19, 2023 at 2:24 p.m.
Prismo Metals Mobilizes Drill to Palos Verdes
https://www.newsfilecorp.com/release/163644
Vancouver, British Columbia--(Newsfile Corp. - April 25, 2023) - Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF)
MAG Silver: Juanicipio Ships First Commercial Concentrates
https://ca.finance.yahoo.com/news/juanicipio-ships-first-commercial-concentrates-090000726.html
MAG Silver Corp.
Thu, April 20, 2023 at 2:00 a.m. PDT
VANCOUVER, British Columbia, April 20, 2023 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”, or the “Company”) is pleased to announce that it has been informed by Fresnillo Plc (“Fresnillo”), the operator of the Juanicipio Mine (“Juanicipio”) (56% Fresnillo / 44% MAG), that concentrate production at the high-grade Juanicipio Mine has commenced with the shipment of its first commercial lead and zinc concentrates in late March 2023. Regular concentrate shipments have commenced and are planned going forward.
Construction activities are now substantially complete, commissioning and start-up of the process plant has gone well, and we look forward to ramping up to design rates over the next few months. During March 2023, milling rates were around 60% of design, delivering an average of 2,476 tonnes per day with rates periodically reaching up to 3,900 tonnes per day. Current mill feed is a combination of mineralized material from underground stopes and lower grade stockpiles that were earmarked for commissioning activities. Mining operations continue to perform as planned and will ramp up high grade feed as the plant approaches commercial production and recovery rates are in line with design.
Over the course of March 2023, lower grade commissioning material was processed with recovery rates averaging 84% for silver, slightly above expectations at this stage of the commissioning. We expect the recovery rates to increase steadily and reach design as throughput rates and feed grade increase.
“With first concentrate production ushering in the next chapter for Juanicipio, we are extremely proud of the progress that has been achieved as it graduates to a high-quality, low-cost, tier-1 silver producer,” said George Paspalas, President and CEO of MAG. “We are delighted with the high silver recoveries we are seeing so early in the commissioning process and look forward to the operation progressing into a significant cash flow generator for the Company and a substantial contributor to the local and regional economy.”
Qualified Person: All scientific or technical information in this press release including assay results referred to, and Mineral Resource estimates, if applicable, is based upon information prepared by or under the supervision of, or has been approved by Dr. Peter Megaw, Ph.D., C.P.G., a Certified Professional Geologist who is a “Qualified Person” for purposes of National Instrument 43-101, Standards of Disclosure for Mineral Projects (“National Instrument 43-101” or “NI 43-101”). Dr. Megaw is not independent as he is an officer and a paid consultant of MAG.
About MAG Silver Corp. (www.magsilver.com)
MAG Silver Corp. is a growth-oriented Canadian development and exploration company focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district scale, precious metals projects in the Americas. Its principal focus and asset is the Juanicipio Project (44%), being developed with Fresnillo Plc (56%), the operator. The project is located in the Fresnillo Silver Trend in Mexico, the world's premier silver mining camp, where the operator is currently advancing underground mine development and commissioning a 4,000 tonnes per day processing plant. Underground mine production of mineralized development material commenced in Q3 2020, and an expanded exploration program is in place targeting multiple highly prospective targets at Juanicipio. MAG is also executing multi-phase exploration programs at the Deer Trail 100% earn-in Project in Utah and the recently acquired Larder Project, located in the historically prolific Abitibi region of Canada.
Neither the Toronto Stock Exchange nor the NYSE American has reviewed or accepted responsibility for the accuracy or adequacy of this press release, which has been prepared by management.
This release includes certain statements that may be deemed to be “forward-looking statements” within the meaning of the US Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts are forward looking statements, including statements that address our expectations with respect to the timing and success of commissioning activities and the full-scale ramp up of milling activities, processing rates of development materials, future mineral production, and events or developments. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although MAG believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, impacts (both direct and indirect) of COVID-19, timing of receipt of required permits, changes in applicable laws, changes in commodities prices, changes in mineral production performance, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions, political risk, currency risk and capital cost inflation. In addition, forward-looking statements are subject to various risks, including that data is incomplete and considerable additional work will be required to complete further evaluation, including but not limited to drilling, engineering and socio-economic studies and investment. The reader is referred to the MAG Silver’s filings with the SEC and Canadian securities regulators for disclosure regarding these and other risk factors. There is no certainty that any forward-looking statement will come to pass, and investors should not place undue reliance upon forward-looking statements.
Please Note: Investors are urged to consider closely the disclosures in MAG's annual and quarterly reports and other public filings, accessible through the Internet at www.sedar.com and www.sec.gov.
LEI: 254900LGL904N7F3EL14
CONTACT: For further information on behalf of MAG Silver Corp. Contact
Michael J. Curlook, Vice President, Investor Relations and Communications
Phone: (604) 630-1399 Toll Free:(866) 630-1399 Website:www.magsilver.com
Email: info@magsilver.com
Regency Silver intersects 29.4m of 6.32 g/t Au down-dip from discovery hole REG-22-01
https://www.newswire.ca/news-releases/regency-silver-intersects-29-4m-of-6-32-g-t-au-down-dip-from-discovery-hole-reg-22-01-890858444.html
CNW Group
Mon, April 24, 2023 at 6:42 a.m. PDT·13 min read
VANCOUVER, BC, April 24, 2023 /CNW/ - Regency Silver Corp. ("Regency Silver" or the "Company"), (TSXV: RSMX) (OTCQB: RSMXF)
Prismo Metals Samples 14.35 g/t Gold over 0.5 meters and 12.25 g/t Gold over 1 meter at Los Pavitos
https://www.newsfilecorp.com/release/163498
Vancouver, British Columbia--(Newsfile Corp. - April 24, 2023) - Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF)
Silver Bull Provides Update on Legacy NAFTA Claim Against Mexico and Management Changes
https://ca.finance.yahoo.com/news/silver-bull-provides-legacy-nafta-100000450.html
Silver Bull Resources, Inc.
Tue, April 25, 2023 at 3:00 a.m. PDT·3 min read
VANCOUVER, British Columbia, April 25, 2023 (GLOBE NEWSWIRE) -- Silver Bull Resources, Inc. (OTCQB: SVBL, TSX: SVB) (“Silver Bull” or the “Company”) is providing an update regarding its legacy North American Free Trade Agreement (NAFTA) claim against Mexico.
On March 2, 2023, Silver Bull announced that it had filed with Mexico a Notice of Intent to initiate a legacy NAFTA claim under Annex 14-C of the United States-Mexico-Canada Agreement to recover economic damages resulting from the illegal blockade of its Sierra Mojada project. Silver Bull has been unable to access the project since the illegal blockade commenced in September 2019. Despite numerous demands and requests for action by the Company, Mexican governmental agencies have allowed this unlawful behaviour to continue and, as such, failed to protect Silver Bull’s investment. Silver Bull will be seeking to recover no less than US$178 million in damages that it has suffered as a result of Mexico’s breach of its NAFTA obligations.
In response to the filing of the Notice of Intent, Mexico invited Silver Bull to attend a meeting in Mexico City on May 30, 2023 with government officials to reach, if possible, an amicable solution. Silver Bull has confirmed that its representatives will attend the meeting and has noted to the Government of Mexico that, if a settlement is not reached, it intends to file upon the expiry of the required cooling-off period, on June 2, 2023, with the International Centre for Settlement of Investment Disputes (ICSID) a Request for Arbitration, formally commencing the arbitration proceedings. ICSID is the world’s leading institution devoted to international investment dispute settlement and its decisions are binding on states that are a party to the ICSID Convention, as is Mexico.
Management Changes
As a result of Silver Bull’s focus on advancing its claims with Mexico, it announced today that it has engaged Mr. Erinn Broshko of Vancouver to oversee the arbitration proceedings. Mr. Broshko is a corporate lawyer with public company chief executive and private equity experience who has overseen ICSID arbitration claims on behalf of claimants.
In conjunction with the commencement of the arbitration by Silver Bull, Darren Klinck has stepped down as President of the Company to focus his efforts as President of Arras Minerals Corp., a 2021 spinout of Silver Bull. Tim Barry has re-assumed the position of President of Silver Bull, along with his current role as Chief Executive Officer.
Mr. Barry commented, “After years of frustration as a result of Mexican governmental agencies allowing this illegal blockade to destroy the significant value in our Sierra Mojada project, we are confident in our prospects for success in the arbitration, and firm in our resolve to create value for our shareholders.” Mr. Barry further noted, “We are pleased to welcome Erinn to our team as he brings a depth of arbitration management experience and want to thank Darren for his excellent work and dedication over the last two years and wish him the best of luck as he continues in his senior leadership role with Arras Minerals.”
On behalf of the Board of Directors
“Tim Barry”
Tim Barry, CPAusIMM
Chief Executive Officer, President and Director
INVESTOR RELATIONS:
+1 604 687 5800
info@silverbullresources.com
Cautionary note regarding forward looking statements: This news release contains forward-looking statements regarding future events and Silver Bull’s and Arras’s future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding the Mineral Resource estimates for the Sierra Mojada projects and the development of the project. These statements are based on current expectations, estimates, forecasts, and projections about Silver Bull’s and Arras’s exploration projects, the industry in which Silver Bull operates and the beliefs and assumptions of Silver Bull’s management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “may,” variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, including such factors as whether management’s focus will be as described in this news release, the results of exploration activities and whether the results continue to support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption “Risk Factors” in Silver Bull’s Annual Report on Form 10-K for the fiscal year ended October 31, 2022 and our other periodic and current reports filed with the SEC and available on www.sec.gov and with the Canadian securities commissions available on www.sedar.com. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
OROCO DRILLS 353 M OF 0.93% CU EQUIVALENT AT SANTO TOMAS
https://ca.finance.yahoo.com/news/co-drills-353-m-0-113000746.html
Oroco Resource Corp.
Thu, April 20, 2023 at 4:30 a.m. PDT·7 min read
Vancouver, Canada, April 20, 2023 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF)
Endeavour Silver Provides Construction Update on the Terronera Project
https://ca.finance.yahoo.com/news/endeavour-silver-provides-construction-terronera-105000287.html
Endeavour Silver Corporation
Thu, April 20, 2023 at 3:50 a.m. PDT·6 min read
VANCOUVER, British Columbia, April 20, 2023 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR) is pleased to provide a construction update for its Terronera Project in Jalisco state, Mexico, along with the launch of a photo gallery that will be updated as activity on site progresses. The photo gallery presentation can be found here or on the company website at Terronera Project Progress Photos. All references to dollars ($) in this news release are to United States dollars.
“Having secured a project financing commitment from Societe Generale and ING Bank N.V, we are rapidly advancing detailed engineering, procurement and construction of the project with initial production scheduled for Q4, 2024”, commented Dan Dickson, CEO. “The project is fully permitted to advance major construction and mine development activities and will provide over 750 jobs during the development phase in addition to significant opportunities for indirect and direct business support in the region. With several major contracts now in place, we look forward to regularly updating investors on our achievements at Terronera as construction advances.”
Don Gray, Chief Operating Officer, stated: “Given Terronera’s importance in achieving our goal of advancing industry-leading silver-focused growth, we actively undergo in-depth risk analysis with our technical teams to ensure the project stays on time and on budget. As part of your focus to minimize risk over the next three months, we will initiate concrete work for the mill foundations before the rainy season’s onset, as major mill equipment will start arriving by mid-year.”
Construction and Development Highlights
Early works have been underway since the first quarter of 2022, with more than $58 million of the budget spent to date. As at March 31, 2023, site works and activities to date have been, but are not limited to:
Personnel – Onsite personnel has increased to 160 employees and contractors. As site activities ramp up, the Company continues to further advance its Health and Safety practices and protocols by harmonizing the “Te Cuido” safety culture across the Company. The Company has expanded its technical and finance teams at the project while ramping up engineering and construction activities.
Detail engineering – The contract has been awarded to M3 Engineering & Technology and is expected to be completed in Q3 2023.
Mobile mining equipment – The Company has received 30 mobile mining units including development jumbos, bolters, scoops, dump trucks, scissor lifts and other support equipment such as pallets and cranes, which the Company plans to use to self-perform mine development.
Plant equipment purchases – Major equipment has been ordered with the majority of the items scheduled to arrive in Q2 2023, including the full grinding circuit. The remaining items, including the flash floatation, rougher/ cleaner float cells and filter press, will arrive in Q4, 2023. The ball mill, purchased earlier in the project, is awaiting transport to site from the Company's warehouse facilities in Puerto Vallarta, Mexico.
Access road construction – Significant road upgrade work totalling over 7 km, primarily involving slope stabilization and drainage, has been completed for access to the mill site and mine portals. Completion of this work is planned for Q3 2023 prior to the significant increase in equipment and materials deliveries as major construction begins on the mill.
Permanent camp construction – Installation is underway for facilities that will accommodate 550 personnel. It is expected that the permanent camp will be operational in H1 2023. Installed to date: training room, clinic, dining room/ kitchen/ gym, laundry and 2 out of 5 living modules.
Plant site preparation – Ongoing work includes excavation and site levelling prior to mobilizing for concrete work. Work is well advanced and on track to allow other major construction activities to start before the rainy season.
Underground Development – Portal #2 Site preparation has been completed and underground development is advancing. In addition, mine support modules have been mobilized at site as the project moves forward with ramping up development. Portal #1 site preparation will commence in Q2, 2023 with underground advancement expected in Q3, 2023.
Initial project infrastructure – The temporary mine maintenance shop is operational and field offices have been installed at the mill site for improved construction oversight.
Project Timeline and Next Steps
The Company is focused on advancing its Terronera Project for achieving initial production in Q4 2024. Upcoming major milestones include:
Completing detail engineering and expediting mill and infrastructure procurement;
Finalizing earthworks and beginning concrete work prior to starting mechanical, piping and electrical work;
Completing permanent camp and initiating site infrastructure construction including warehouse, assay lab, and mill, mine and admin offices;
Commencing construction of engineering tailing storage facility and liquefied natural gas (LNG) vaporization plant along with gas-fired gensets; and
Advancing mine development and underground infrastructure installations.
Community Activities
In tandem with project development, the Company continues to maintain an active community relations program to foster the social and economic well-being of local communities. There are three local communities in the area: San Sebastian del Oeste, Santiago de los Pinos and La Estancia. Recent social investment consultations with the local communities have resulted in several projects being proposed. These projects included restoring public spaces in Santiago de los Pinos, the awarding of scholarships, a tablet donation program that was implemented during the pandemic to allow students to keep up with online learning, and donation of a garbage collection vehicle to the municipality of San Sebastian del Oeste.
Over the course of this year, the Company is committing to provide additional community support in the following ways:
Implementing a scholarship program as we have done at our other operating projects, which supports families with continued education;
Developing a program for local and regional suppliers in order to generate employment opportunities and improve economic activity in the region;
Training for tourism initiatives that can promote economic activity in the region;
Through the operation of the Terronera Community House, offering activities that promote local participation, which could be educational, sports or culture related, with a focus of inclusion and diversity;
In partnership with the Health Centre of Santiago de los Pinos, supporting health campaigns for the community members; and
Improving transportation routes for our operations and the community to improve the safety of regional roads.
About Endeavour Silver – Endeavour is a mid-tier precious metals mining company that operates two high-grade underground silver-gold mines in Mexico. Endeavour is advancing construction of the Terronera Project and exploring its portfolio of exploration projects in Mexico, Chile and the United States to facilitate its goal to become a premier senior silver producer. Our philosophy of corporate social integrity creates value for all stakeholders.
SOURCE Endeavour Silver Corp.
Contact Information
Galina Meleger, VP, Investor Relations
Email: gmeleger@edrsilver.com
Website: www.edrsilver.com
Follow Endeavour Silver on Facebook, Twitter, Instagram and LinkedIn.
Cautionary Note Regarding Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking statements and information herein include but are not limited to statements regarding the development and financing of the Terronera Project, including anticipated Project progress and timeline and the timing and results of various activities. The Company does not intend to and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.
Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, production levels, performance or achievements of Endeavour and its operations to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the completion of Societe Generale’s and ING Bank N.V.’s due diligence requirements in connection with the Terronera Project financing; the final terms of the financing and the Company’s ability to successfully drawdown funds thereunder; the ongoing effects of inflation and supply chain issues on Project economics; national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and Mexico; financial risks due to precious metals prices; operating or technical difficulties in mineral exploration, development and mining activities; risks and hazards of mineral exploration, development and mining; the speculative nature of mineral exploration and development; risks in obtaining necessary licenses and permits; and challenges to the Company’s title to properties; as well as those factors described in the section “risk factors” contained in the Company’s most recent form 40F/Annual Information Form filed with the S.E.C. and Canadian securities regulatory authorities.
Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to: the ability of the Company to successfully secure a debt facility, the continued operation of the Company’s mining operations, no material adverse change in the market price of commodities, the Project’s forecasted economics as of 2023, mining operations will operate and the mining products will be completed in accordance with management’s expectations and achieve their stated production outcomes, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.
Endeavour Silver Announces Construction Decision for the Terronera Project in Jalisco State, Mexico; Executes Commitment Letter for Senior Secured Debt Facility of $120 Million
https://ca.finance.yahoo.com/news/endeavour-silver-announces-construction-decision-105000548.html
Endeavour Silver Corporation
Tue, April 18, 2023 at 3:50 a.m. PDT·12 min read
VANCOUVER, British Columbia, April 18, 2023 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR)
AVINO DELIVERS STEADY PRODUCTION IN Q1 2023
https://www.newswire.ca/news-releases/avino-delivers-steady-production-in-q1-2023-806427575.html
Avino Silver & Gold Mines Ltd. Apr 18, 2023, 06:45 ET
VANCOUVER, BC, April 18, 2023 /CNW/ - Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE: ASM) (FSE: GV6)
Kingsmen Continues Land Consolidation
https://www.newsfilecorp.com/release/162759
Vancouver, British Columbia--(Newsfile Corp. - April 18, 2023) - Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRD) ("Kingsmen" or the "Company") is pleased to report the acquisition of the Silvia Mine project area adjacent to its 100%-owned, Las Coloradas project to the west. The Company now controls 8.45 km2 of the district.
Scott Emerson, President commented: "With this acquisition the Company has now acquired all claims immediately surrounding the original Las Coloradas project."
The property contains old mine workings, prospective geology, and structural and geophysical targets. Prior to acquiring the ground the Company conducted limited reconnaissance prospecting on a small number of targets on the property, and on adjacent parts of the Las Coloradas project, and found significant bedrock exposure and overburden of variable thickness. Significantly, the old workings appear to follow a northeast structural trend in contrast to the northwest structural trend of the old Las Coloradas mine workings. A northeast structural trend is the main control on mineralization at Discovery Silver's Cordero silver deposit, 35 km northeast of Parral.
The Silvia mine is situated 3.0 km west of the old Las Coloradas mine workings and there is an area of approximately 3.5 km2 of highly prospective ground between the two. Government aeromagnetic data indicates the presence of large scale igneous intrusive activity in the area that may have associated porphyry, skarn or epithermal mineralization. These styles of mineralization have already been identified in the old Las Coloradas mine workings.
The claim was purchased from an arm's length vendor independent from the company and the vendor of the Las Coloradas project claims. This purchase is an exempt transaction under policies of the TSX.V. The vendor does retain a 1% net smelter return royalty.
Project
The Las Coloradas Project is located along the eastern flanks of the Sierra Madre Occidental Volcanic Province within the north-east portion of the Central Mexican Silver Belt. The Parral mining district is situated in the center of the Mexican silver belt epithermal silver-gold vein district. The Las Coloradas Project is located at the southeastern corner of the Parral mining district, approximately 30 kilometers southeast of the city of Hildago de Parral and 40 kilometers east of the San Francisco de Oro and Santa Barbera mining districts where several old major mines are located, such as La Prieta, Veta Colorada, Palmilla, Esmeralda, San Francisco del Oro and Santa Barbara are located. As well, new major mining projects are currently being explored in the district; Cordero (Discovery Silver Corp.), 35 kms north of Parral, and La Cigarra (Kootenay Silver Inc.), 35 kms northwest of Parral. Click here to see locator map, https://www.kingsmenresources.com/area-history.
Kingsmen Land Holdings
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9640/162759_3086621204ff3a2b_001full.jpg
Qualified Person
Kieran Downes, Ph.D., P.Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical disclosure set out in this news release.
About Kingsmen Resources
In line with Kingsmen's organic-growth strategy, the Company's focus is on exploration and development, and is currently focused on district-scale exploration for precious metals in the prolific mining districts of Parral Mexico. In addition, the company has a 1% NSR on the Los Ricos North project operated by GoGold Resources Inc. The Company's leaders have extensive experience in the mining and financial sectors. KNG is a publicly-traded company (TSXV: KNG) (OTCQB: KNGRD) and is headquartered in Vancouver, British Columbia.
On behalf of the Board,
Signed: "Scott Emerson"
Scott Emerson,
President & CEO
Phone: 6046859316
Email: se@kingsmenresources.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement:
All statements, trend analysis and other information contained in this press release about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding the completion of the acquisition of the Las Coloradas Project and receipt of regulatory approval, are forward-looking statements. Although Kingsmen believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since Kingsmen can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in Kingsmen's periodic filings with Canadian securities regulators, and assumptions made with regard to: Kingsmen's ability to make the required payments under the definitive agreements; and Kingsmen's ability to secure the necessary regulatory approvals. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Important factors that could cause actual results to differ materially from Kingsmen's expectations include risks associated with the business of Kingsmen; risks related to the satisfaction or waiver of certain conditions to the closing of the acquisition of the Las Coloradas Project; non-completion of the acquisition of the Las Coloradas Project; risks related to exploration and potential development of the Las Coloradas Project; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risk factors as detailed from time to time and additional risks identified in Kingsmen's filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Kingsmen does not undertake any obligation to update forward looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.
Vortex Metals Receives Community Approval for Environmental and Surface Geological Baseline Study at Flagship Zaachila Copper Project
https://www.newswire.ca/news-releases/vortex-metals-receives-community-approval-for-environmental-and-surface-geological-baseline-study-at-flagship-zaachila-copper-project-821119748.html
Vortex Metals Apr 19, 2023, 07:00 ET
VANCOUVER, BC, April 19, 2023 /CNW/ - Vortex Metals Inc. (TSXV: VMS) (FSE: DM8) (OTC: VMSSF) ("Vortex" or the "Company") is pleased to announce that on April 16th 2023, the local community residing at the Zaachila project, held a general assembly and approved the augmentation of an environmental baseline study, including biological studies and surface geological work for targeting at the company's flagship Zaachila Copper project, located in Southern Oaxaca, Mexico.
Figure 1. Zaachila Project Area and Surface Copper Mineralization. (CNW Group/Vortex Metals)
Figure 2. Geo Chemical Anomalies at Zaachila Project (CNW Group/Vortex Metals)
Under the direction of Mexican environmental firm Ambiental y Social Servicios Integrales (ASSI), the baseline study will focus on gathering data on 7 land uses as defined by the National Institute of Statistics Geography (INEGI), and informatics. The study will be developed during a 30-day period by a group of 10 environmental specialists supported by field assistants from the local community, and it will involve a total area of 500 Ha.
This study will provide the basis for an environmental diagnosis that will be presented to the local community as a tool to protect their environment and to the Federal Environmental Office, The Secretariat of Environment and Natural Resources (SEMARNAT), in the form of an EIA study for approval of advanced mineral exploration activities.
Previous mineral exploration activities at the Zaachila project identified significant anomalous copper mineralization followed by a geochemical targeting analysis by world-renowned Volcanogenic Massive Sulfide (VMS) expert and Vortex Metals' advisor, Jim Franklin.
Geochemical Anomalies at Zaachila:
Surface copper mineralization occurs along a >5 km trend in stratigraphic horizons adjacent to a trondhjemite complex
1.5 x 1 km gravity anomaly is located adjacent to the most persistent and extensive copper-in-rock anomalies
Pronounced 3 km linear magnetic low is centered directly beneath the most persistent and extensive surface copper mineralization
The mineralized system at Zaachila is classified by Franklin as 'bimodal mafic' – similar to the Noranda Camp (Canada) deposits, and the large VMS deposits in Latin America including Tambo Grande, San Nicholas and Campo Morado.
Project Geologist, Rob Johansing has also recommended that the Company complete geological mapping, sampling and trenching. Followed by surface impact definition that will be needed for drill permitting.
Vortex Metals' Chief Executive Officer Vikas Ranjan commented, "This community approval is the result of Vortex Metals systematic and responsible community engagement process designed to ensure respect, transparency and sustainability in the relation of the company with its stakeholders and shareholders. We are very pleased with the community's approval of environmental works at the Zaachila project, and with the support from local stakeholders. We believe that with future submission of an EIA study, Vortex will be a step closer to exploring multiple high-grade copper targets identified by our co-founder and leading geologist, the late Dave Jones."
About Vortex Mines Inc.
Vortex Metals Inc. is the parent company of Mexican subsidiary Empresa Minera Acagold, S.A. de C.V., which is the owner of a 100% interest in two drill-ready high-potential copper volcanogenic massive sulfide (VMS) properties (Riqueza Marina and Zaachila) in the state of Oaxaca, and a third high-potential gold property (El Rescate) in the state of Puebla. The Oaxaca projects incorporate the most highly prospective areas of high-grade copper mineralized surface exposures ('gossans') and prominent gravity anomalies along an emerging copper VMS belt that includes Minaurum Gold's (TSXV:MGG) Santa Marta project.
FORWARD-LOOKING STATEMENTS:
This press release may contain forward looking statements that are made as of the date hereof and are based on current expectations, forecasts and assumptions which involve risks and uncertainties associated with our business including permitting approvals, any private placement financings, the uncertainty as to whether further exploration will result in the target(s) being delineated as a mineral resource, capital expenditures, operating costs, mineral resources, recovery rates, grades and prices, estimated goals, expansion and growth of the business and operations, plans and references to the Company's future successes with its business and the economic environment in which the business operates. All such statements are made pursuant to the 'safe harbour' provisions of, and are intended to be forward-looking statements under, applicable Canadian securities legislation. Any statements contained herein that are statements of historical facts may be deemed to be forward-looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company's most recent annual MD&A and the Company's continuous disclosure documents that can be found on SEDAR at www.sedar.com. The Company does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Vortex Metals
For further information: Vikas Ranjan, Chief Executive Officer and Director, Email: vranjan@vortexmetals.ca, Phone: 416-605-7024
Heliostar Commences Drilling of the High Grade Gold Panel at the Ana Paula Deposit, Mexico
https://www.newsfilecorp.com/release/162964
Vancouver, British Columbia--(Newsfile Corp. - April 19, 2023) - Heliostar Metals Limited (TSXV: HSTR) (OTC Pink: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to report that drilling has commenced at the Ana Paula Deposit in Mexico. This follows the re-scoping plans announced on April 3, 2023.
Heliostar CEO, Charles Funk, commented, "Heliostar continues to move rapidly with our re-scope of the Ana Paula deposit. By focussing on the High Grade Panel at the core of Ana Paula, we believe we can considerably improve the project economics by changing from an open pit mine plan to an underground gold mine plan. The current drill program is expected to increase both the size and grade of the Ana Paula reserve and resource. Further, the information gathered will also be used to guide mine and mill designs. First results are expected by the end of May. These are key first steps in delivering on the 2023 catalysts for Heliostar's shareholders."
2023 Drill Program for Re-Scoping Ana Paula
Heliostar Metals' 2023 Ana Paula drill program endeavors to achieve three goals:
Increase the size and grade of the resource and reserve.
Provide the geotechnical information required to complete underground mine planning.
Provide metallurgical samples testwork designed to improve gold recovery and simplify the mill flow sheet.
The program will consist of 3,000 - 3,600 metres (m) of drilling in 16 - 24 drill holes. Drilling will utilize large diameter, PQ-sized, core to provide adequate sample mass for metallurgical testing. Drill holes will target the High Grade Panel at the center of the Ana Paula deposit, with a combination of growth and infill targets to be tested.
As noted in the April 3, 2023 press release, the High Grade Panel contains wide, historic intercepts of superior grade, including:
231 m grading 7.5 grams per tonne (g/t) gold
120 m grading 11.2 g/t gold
81.1 m grading 14.5 g/t gold
57.6 m grading 18.6 g/t gold
63.4 m grading 15.3 g/t gold
Based on the current geological model, the company believes there is potential to add up to an additional 100m to the current 250 metre strike length of the High Grade Panel. Volume increase is possible both up and down plunge of the current mineralized panel (Figure 1). Furthermore, the High Grade Panel is inadequately defined by the historic drill program. The panel contains areas of closer spaced drilling less than 25m apart and other gaps with greater than 40m spacing. In these greater than 40m gaps, despite consistent geology and mineralization in the nearby holes, the resource model has conservatively reduced the grade with increasing distance from data points (Figure 1). The company is planning to infill these gaps with the expectation that similar results to surrounding holes can result in materially improved local grades. These in turn may lead to additional ounces and increased resource and reserve grades.
The second aspect of the program is geotechnical and rock mechanics data. This data will support the design of an underground mine plan. To support a robust mine development plan, engineers require detailed information to estimate the size and shapes of the underground workings.
Metallurgical testing will be the third aspect of the program. The Company chose to use large diameter core in order to provide sufficient mass of sample for multiple types of metallurgical testing. The limited amount of historic metallurgical studies made the current testing program a priority. Much of the historical metallurgy focused on the lower grade granodiorite-hosted mineralization. However, whilst this mineralization makes up a much larger volume of rock, it is less relevant to the proposed underground mining scenario.
Our vision for Ana Paula is to unlock significant value that was overlooked historically. The re-scoping program is expected to be catalyst-rich for shareholders, starting with results from the ongoing drill program. The first assays from the High Grade Panel are expected to be reported by the end of May 2023. The re-scoping study aims to bring forward ounces in the mine plan and improve the base case metallurgy. Both of those will have material impacts on Ana Paula's net present value. The ongoing re-scope should provide the key studies necessary to advance to a feasibility study and ultimately to development.
Figure 1: Resource model from 2017 PFS highlighting the High Grade Panel (clipped to greater than 5g/t resource blocks). Growth targets are shown in the red circles and infill areas with potential to increase the grades are shown in white circles.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7729/162964_953bdf6634009a58_003full.jpg
Figure 2: Cross section showing planned infill holes, resource model and geology at Ana Paula. The resource model is clipped to only show greater than 5g/t resource blocks.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7729/162964_953bdf6634009a58_004full.jpg
Statement of Qualified Person
Stewart Harris, P.Geo., a Qualified Person, as such term is defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), has reviewed the scientific and technical information that forms the basis for this news release and has approved the disclosure herein. Historical information contained in this news release cannot be relied upon as Stewart Harris has not prepared nor verified such information.
About Heliostar Metals Ltd.
Heliostar is a junior mining company with a portfolio of advanced high-grade gold projects in Mexico and Alaska.
The Company is focused on developing the 100% owned Ana Paula Project in Guerrero, Mexico. In addition, Heliostar is working with the Mexican government to permit the San Antonio Gold Project in Baja Sur, Mexico. The Company continues efforts to expand the resource at the Unga Gold Project in Alaska, United States of America.
The Ana Paula Project deposit contains proven and probable mineral reserves of 1,081,000 ounces of gold at 2.38 grams per tonne ("g/t") gold and 2,547,000 ounces of silver at 5.61 g/t silver. Ana Paula hosts measured and indicated resources of 1,468,800 ounces of gold at 2.16 g/t gold and 3,600,000 ounces of silver at 5.3 g/t silver. The asset is permitted for open-pit mining and contains significant existing infrastructure including a portal and a 412 metre long decline.
San Antonio is a high-grade oxide gold deposit containing measured and indicated mineral resources of 1,735,000 ounces of gold at 0.83 g/t gold. A Preliminary Economic Assessment for Argonaut Gold was completed in 2012.
Unga is an advanced vein district containing the SH-1 gold deposit within a large, prospective vein field. SH-1 contains inferred minerals resources of 384,000 ounces of gold at 13.8 g/t gold.
Sources
1 Heliostar Metals Limited, Ana Paula Gold Project NI 43-101 Technical Report Preliminary Feasibility Study Update with effective date 28 February 2023.
For additional information please contact:
Charles Funk
Chief Executive Officer
Heliostar Metals Limited
Email: charles.funk@heliostarmetals.com
Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey@heliostarmetals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements regarding we believe we can considerably improve the project economics by changing from an open pit mine plan to an underground gold mine plan, the current drill program is expected to increase both the size and grade of the Ana Paula reserve and resource and the company expects first drill results by the end of May, 2023. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include, but are not limited to, general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; and other risks outside of the Company's control. Further, labour shortages, high energy costs, inflationary pressures, rising interest rates, the global financial climate and the conflict in Ukraine and surrounding regions are some additional factors that are affecting current economic conditions and increasing economic uncertainty, which may impact the Company's operating performance, financial position, and future prospects. Collectively, the potential impacts of this economic environment pose risks that are currently indescribable and immeasurable. Readers are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly, are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. These forward-looking statements are made as of the date of this news release and, unless required by applicable law, the Company assumes no obligation to update these forward-looking statements.
Almaden Reports on Lower Court Decision Regarding Mexico’s Ministry of Economy Efforts to Deny Twenty Year-Old Ixtaca Mineral Title Applications
https://ca.finance.yahoo.com/news/almaden-reports-lower-court-decision-211000043.html
Almaden Minerals Ltd.
Thu, April 13, 2023 at 2:10 p.m. PDT·2 min read
VANCOUVER, British Columbia, April 13, 2023 (GLOBE NEWSWIRE) -- Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX: AMM; NYSE American: AAU) wishes to advise stakeholders that, further to our press release of February 22, 2023, the second district court in Puebla State (the “District Court”) has ruled in favour of the submission made by Mexico’s Ministry of Economy (“Economia”) which seeks to deny the two mineral title applications which were first made by Almaden in 2002 and 2008, and which in turn initially led to the grant of mineral titles in 2003 and 2009, respectively (the “Economia Submission”). These mineral titles underpin the Ixtaca deposit which was discovered by Almaden in 2010. As previously reported, these mineral titles were reduced to application status as a result of an early 2022 decision of Mexico’s Supreme Court of Justice (“SCJN”). The District Court is implementing the SCJN decision.
The District Court ruling appears to rely heavily on Economia’s determination regarding the Company’s 2002 and 2008 title applications, and in its decision has not provided arguments to address the Company’s challenge of the Economia Submission. Almaden will appeal this District Court decision and is pursuing other legal means to challenge the Economia Submission. Almaden has been advised that so long as these appeals are continuing, Almaden’s mineral title applications from 2002 and 2008 remain in place thus preserving the preferential mineral rights.
Duane Poliquin, Chair of Almaden, stated “We are very alarmed by this arbitrary decision of Economia and will appeal the District Court ruling. We continue to support the indigenous consultation as outlined in the SCJN decision, which we believe will allow the principal host communities to express their strong support for the project”.
About Almaden
Almaden Minerals Ltd. discovered the Ixtaca project in Puebla State, Mexico, in 2010. Almaden’s interest in the Ixtaca project is subject to a 2.0% NSR royalty held by Almadex Minerals Ltd. The Ixtaca deposit hosts a proven and probable reserve containing 1.38 million ounces of gold and 85.1 million ounces of silver (73.1 million tonnes grading 0.59 g/t Au and 36.3 g/t Ag). A report titled “Ixtaca Gold-Silver Project, Puebla State, Mexico NI 43-101 Technical Report on the Feasibility Study”, which was prepared in accordance with NI 43-101, is available under the Company’s profile on SEDAR and on the Company’s website.
On Behalf of the Board of Directors,
“J. Duane Poliquin”
J. Duane Poliquin
Chair
Almaden Minerals Ltd.
Safe Harbor Statement
Certain of the statements and information in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian provincial securities laws. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things, the intention to appeal the decision of the District Court, and other legal actions that may be taken in respect of the Economia Submission.
These forward-looking statements and information reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant legal, regulatory, business, operational and economic uncertainties and contingencies, and such uncertainty generally increases with longer-term forecasts and outlook. These assumptions include: stability and predictability in Mexico’s consultation process with indigenous communities and judicial decisions thereon; stability and predictability in Mexico’s mineral tenure, mining, environmental and agrarian laws and regulations, as well as their application and judicial decisions thereon; continued respect for the rule of law in Mexico; prices for gold, silver and base metals remaining as estimated; currency exchange rates remaining as estimated; availability of funds; capital, decommissioning and reclamation estimates; mineral reserve and resource estimates; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; all necessary permits, licenses and regulatory approvals being received in a timely manner; the ability to secure and maintain title and ownership to properties and the surface rights necessary for operations; community support in the Ixtaca Project; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.
The Company cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release. Such risks and other factors include, among others, risks related to: Mexico’s consultation process with indigenous communities and potential litigation in respect thereof; political risk in Mexico; crime and violence in Mexico; corruption; environmental risks, including environmental matters under Mexican laws and regulations; impact of environmental impact assessment requirements on the Company’s planned exploration and development activities on the Ixtaca Project; certainty of mineral title and the outcome of litigation; community relations; governmental regulations and the ability to obtain necessary licences and permits; risks related to mineral properties being subject to prior unregistered agreements, transfers or claims and other defects in title; changes in mining, environmental or agrarian laws and regulations and changes in the application of standards pursuant to existing laws and regulations which may increase costs of doing business and restrict operations; as well as those factors discussed the section entitled "Risk Factors" in Almaden's Annual Information Form and Almaden's latest Form 20-F on file with the United States Securities and Exchange Commission in Washington, D.C. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that our forward-looking statements or information will prove to be accurate. Accordingly, readers should not place undue reliance on forward-looking statements or information. Except as required by law, the Company does not assume any obligation to release publicly any revisions to on forward-looking statements or information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact Information:
Almaden Minerals Ltd.
Tel. 604.689.7644
Email: info@almadenminerals.com
http://www.almadenminerals.com/
VIZSLA SILVER INTERCEPTS HIGH-GRADE MINERALIZATION AT NAPOLEON - 1,085 G/T AGEQ OVER 4.00 METRES
https://www.newswire.ca/news-releases/vizsla-silver-intercepts-high-grade-mineralization-at-napoleon-1-085-g-t-ageq-over-4-00-metres-838982481.html
Vizsla Silver Corp. Apr 13, 2023, 08:00 ET
VANCOUVER, BC, April 13, 2023 /CNW/ - Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) (Frankfurt: 0G3
Gatos Silver Reports Strong Q1 2023 Production Results
https://ca.finance.yahoo.com/news/gatos-silver-reports-strong-q1-212900528.html
Gatos Silver, Inc.
Wed, April 12, 2023 at 2:29 p.m. PDT·5 min read
Record mill throughput rate
VANCOUVER, British Columbia, April 12, 2023 (GLOBE NEWSWIRE) -- Gatos Silver, Inc. (NYSE/TSX: GATO)
Silver Dollar Accelerates Acquisition and Delivers Notice Exercising Option to Acquire La Joya Ag-Cu-Au Property from First Majestic Silver
https://www.newsfilecorp.com/release/161868
Vancouver, British Columbia--(Newsfile Corp. - April 11, 2023) - Silver Dollar Resources Inc. (CSE: SLV) (OTCQX: SLVDF) (FSE: 4YW) ("Silver Dollar" or the "Company") is pleased to report that, further to its news release of August 10, 2020, it has delivered a notice to First Majestic Silver Corp. ("First Majestic") exercising its option to acquire a 100% interest (the "Acquisition") in First Majestic's La Joya silver-copper-gold property (the "Property"). Located in the southeastern portion of the State of Durango in the Mexican Silver Belt (see Figure 1), the Property is comprised of 15 mineral concessions totaling 4,646 hectares and hosts the Main Mineralized Trend (MMT), Santo Nino, and Coloradito deposits.
Figure 1: Location of the La Joya Project along with past-producing and operating mines in the area.
To view an enhanced version of this graphic, please visit:
https://vimeo.com/497779460.
"We are proud to announce the exercise of the options to acquire La Joya from First Majestic. Our team has done an excellent job establishing a positive working relationship with the local communities and advancing the project, particularly when you consider we entered into this agreement during the height of Covid-19 restrictions," said Mike Romanik, president of Silver Dollar. "We have completed almost 6,000 metres of exploration drilling thus far, with results that include the discovery of the Brazo area, and continue with our new target development work. We would also like to thank the local communities for their cooperation and support."
Pursuant to the option agreement (the "Option Agreement") dated August 7, 2020, as amended by an amending agreement dated March 28, 2023 (the "Amending Agreement"), among the Company and First Majestic, First Majestic granted the Company an exclusive option to acquire an initial 80% interest and if exercised, a second option to acquire the remaining 20% interest in a wholly-owned subsidiary of First Majestic that holds the Property through its wholly-owned Mexican subsidiary by making certain payments, incurring certain expenditures and issuing securities.
The closing of the Acquisition is subject to the provision of standard closing deliverables and is expected to be completed shortly. The Company will issue a subsequent news release announcing the closing of the Acquisition when completed.
A copy of the Option Agreement, the Amending Agreement and the Company's news release dated August 10, 2020, which contains additional information regarding the Property, are available under the Company's profile on SEDAR at www.sedar.com.
About the La Joya Project:
The La Joya Property is situated approximately 75 kilometres directly southeast of the state capital city of Durango in a prolific mineralized region with past-producing and operating mines including Grupo Mexico's San Martin Mine, Industrias Penoles's Sabinas Mine, Pan American Silver's La Colorada Mine, and First Majestic's La Parrilla and Del Toro Silver Mines.
Silver Dollar previously reported analytical results for its Phase I drill program, which consisted of 2,424 metres completed over 11 holes (See news releases of March 24, 2022 and May 4, 2022); and for its Phase II program, which consisted of 3,428 metres of drilling completed over 17 holes (See news releases of June 13, 2022, August 17, 2022, and October 25, 2022).
For additional information, click on the Property location map above to watch a short video.
About Silver Dollar Resources Inc.
Silver Dollar is a mineral exploration company that completed its initial public offering in May 2020 and is fully funded with approximately $5.7 million in the treasury. The Company's projects are located in two of the prolific mining jurisdictions in the world. They include the advanced exploration and development stage La Joya Silver Project in the state of Durango, Mexico, and the discovery-stage Pakwash Lake and the Longlegged Lake properties in the Red Lake Mining District of Ontario, Canada. The Company has an aggressive growth strategy and is actively reviewing potentially accretive acquisitions with a focus on drill-ready projects in mining-friendly jurisdictions.
For additional information, you can download our latest presentation by clicking here and you can follow us on Twitter by clicking here.
ON BEHALF OF THE BOARD
Signed "Michael Romanik"
Michael Romanik,
President, CEO & Director
Silver Dollar Resources Inc.
Direct line: (204) 724-0613
Email: mike@silverdollarresources.com
179 - 2945 Jacklin Road, Suite 416
Victoria, BC, V9B 6J9
Forward-Looking Statements:
This news release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements in this news release include statements regarding: the Company's expectation to complete the Acquisition, the timing of the closing of the Acquisition and the provision of the closing deliverables in respect of the Acquisition. The forward-looking statements reflect management's current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward- looking statements including: the Company may never complete the Acquisition in the time frame expected or at all; First Majestic may not provide the closing deliverables required to complete the Acquisition; and the risk that adverse market conditions and/or other factors beyond the control of the parties prevent the completion of the Acquisition. Additionally, forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release, including that the Company will be able to complete the requirements necessary to close the Acquisition; that the Acquisition will close in the short time expected; that First Majestic will complete its obligations required to complete the Acquisition; and that there will be no events or circumstances outside the control of the Company or First Majestic that will prevent the completion of the Acquisition. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Factors that could cause actual results or events to differ materially from current expectations include general market conditions and other factors beyond the control of the Company. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this news release.
Orla Mining Provides First Quarter 2023 Operational Results
https://www.newswire.ca/news-releases/orla-mining-provides-first-quarter-2023-operational-results-805308007.html
Orla Mining Ltd. Apr 13, 2023, 06:00 ET
VANCOUVER, BC, April 12, 2023 /CNW/ - Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA)
Torex Gold Reports Strong Start to 2023
https://ca.finance.yahoo.com/news/torex-gold-reports-strong-start-100000512.html
Torex Gold Resources Inc.
Wed, April 12, 2023 at 3:00 a.m. PDT
Quarterly gold production of 122,918 ounces positions the Company to deliver on annual guidance
TORONTO, April 12, 2023 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG)
Prime Mining Announces 2022 Financial Results
https://ca.finance.yahoo.com/news/prime-mining-announces-2022-financial-231400997.html
Prime Mining Corp.
April 5, 2023·8 min read
VANCOUVER, British Columbia, April 05, 2023 (GLOBE NEWSWIRE) -- Prime Mining Corp. (“Prime”, or the “Company”) (TSX.V: PRYM) (OTCQX: PRMNF) (Frankfurt: O4V3
Minera Alamos Completes Permit Preparation for the Cerro De Oro Gold Mine; Santana Drilling Update
https://www.newsfilecorp.com/release/162250
Toronto, Ontario and Vancouver, British Columbia--(Newsfile Corp. - April 13, 2023) - Minera Alamos Inc. (TSXV: MAI) (the "Company" or "Minera Alamos") is pleased to announce that it has completed the documentation necessary to formally proceed with the Cerro de Oro permitting process. Cerro de Oro represents the future growth of the Company's gold mining activities in Mexico and this is a major step in transforming the production profile of the Company. The management of the remainder of the permit process will now be handled by the Company's advisors who have successfully permitted multiple mines in Mexico as recently as November 2022.
Permitting follows significant time and community engagement over the last 18 months as the Company negotiated surface rights both directly associated with the initial mine development plans previously highlighted by the NI43-101 PEA (see news release dated October 3rd, 2022) as well as ensuring both surface rights and permit applications would accommodate the significant future upside and expansion potential at Cerro de Oro.
"The initiation of the environmental permitting process at Cerro de Oro marks the culmination of a tremendous amount of work completed by the Minera team and our external consultants. We are thrilled to be moving down the path to bring a new gold mine to the State of Zacatecas, supporting the local economy and local stakeholders who have been extremely supportive since the Company acquired the Cerro de Oro project in the fall of 2020" stated Doug Ramshaw, President. "While we proceed through permitting at Cerro de Oro, we will seek in the coming months to conclude negotiations on a lending package that will demonstrate that, subject to the receipt of permits, Cerro de Oro will be fully funded for its construction which the Company hopes to take place in the first half of next year."
Highlights of the Previously Filed PEA NI43-101 Technical Report
Production highlights
Average annual gold production approaching 60,000oz (~60,000oz to 70,000oz in Years 1 through 4).
8.2 year mine life based on initial mineable total of 59 Mt of mineralization (0.37 g/t Au) heap leached at an average rate of approximately 20,000 tpd -- +0.40 g/t Au in Years 1 through 4.
477koz of gold produced in loaded carbon/doré.
LOM strip ratio of 0.3:1 (waste:mineralization).
Robust economics using a gold price of $1,600/oz
LOM All-In Sustaining Cost (AISC) of $873/oz -- averaging $763/oz in Years 1 through 4.
After-Tax NPV at 5% of $150.5M and IRR of 111%.
Low capital intensity project with rapid payback:
Pre-production capital costs of $28.1M (includes 30% contingency).
Payback period of 11 months.
Used crushing plant already purchased reduces up-front capital requirements.
Figure 1: Mine Plan and Permitting Layout
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4183/162250_2cb1b792a4e9db4e_002full.jpg
Figure 2: Plant Area Configuration
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4183/162250_2cb1b792a4e9db4e_003full.jpg
Santana Drilling Update
Drilling to date has been utilizing the Company-owned drill on a one shift per day basis. Following the conclusion of the Easter holiday period, drilling will move to two shifts per day increasing the overall drilling rates considerably. The first 3 holes at the Benjamin and the Benjamin West zones have been completed with one further hole in progress. It is anticipated that the drill rig will then shift location to focus on the Zata pipe. Zata has never been drilled before and represents one of the more significant untested pipes on the broader Santana property. Results will be batched and released upon receipt at both target areas as they are received and reviewed by the Company's exploration team.
PEA Cautionary Note:
Readers are cautioned that the PEA is preliminary in nature and there is no certainty that the PEA results will be realized. Mineral resources are not mineral reserves and do not have demonstrated economic viability. Additional work is needed to upgrade these mineral resources to mineral reserves.
Qualified Person Statements
The 2022 PEA referenced in this release was conducted by the following Qualified Persons contributing to their respective sections. All Qualified Persons ("QPs") as defined under Canadian National Instrument 43-101. All of the QPs are "independent" of the Company pursuant to National Instrument 43-101. The listed Qualified Persons have reviewed the data contained in this news release and verified that it is accurately disclosed.
Scott Zelligan P.Geo., Independent Resource Geologist
Lawrence Segerstrom M. Sc. (Geology), CPG
Peimeng, Ling P.Eng.
Alex Duggan P.Eng.
Toren Olson PG
Mr. Darren Koningen, P.Eng, a 'Qualified Person' as defined under Canadian National Instrument 43-101, is responsible for the other technical information (information not directly related to the PEA) in this news release.
About Minera Alamos:
Minera Alamos is a gold production and development Company undergoing the operational startup of its first gold mine that produced its first gold in October 2021. The Company has a portfolio of high-quality Mexican assets, including the 100%-owned Santana open-pit, heap-leach mine in Sonora that is currently going through its operational ramp up. The 100%-owned Cerro de Oro oxide gold project in northern Zacatecas has considerable past drilling and metallurgical work completed with plans to enter the permitting process. The La Fortuna open pit gold project in Durango (100%-owned) has a robust and positive preliminary economic assessment (PEA) completed and the main Federal permits in place. Minera Alamos is built around its operating team that together brought 3 mines into successful production in Mexico over the last 13 years.
The Company's strategy is to develop very low capex assets while expanding the projects' resources and continuing to pursue complementary strategic acquisitions.
For Further Information Please Contact:
Minera Alamos Inc.
Doug Ramshaw, President
Tel: 604-600-4423
Email: dramshaw@mineraalamos.com
Victoria Vargas de Szarzynski, VP Investor Relations
Tel: 289-242-3599
Email: vvargas@mineraalamos.com
Website: www.mineraalamos.com
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Tocvan Diagnostic Leach Study Reports High Percentage of Recoverable Gold and Silver
https://www.accesswire.com/748318/Tocvan-Diagnostic-Leach-Study-Reports-High-Percentage-of-Recoverable-Gold-and-Silver
Tuesday, April 11, 2023 2:05 AM
Tocvan Ventures Corp.
www.tocvan.com
Golden Minerals Announces Improved Concentrate Terms for Velardeña Properties Gold-Pyrite Concentrate
https://ca.finance.yahoo.com/news/golden-minerals-announces-improved-concentrate-104500042.html
Business Wire
Tue, April 4, 2023 at 3:45 a.m. PDT·4 min read
GOLDEN, Colo., April 04, 2023--(BUSINESS WIRE)--Golden Minerals Company ("Golden Minerals," "Golden" or the "Company") (NYSE American: AUMN and TSX: AUMN) announced today that it is selling gold-rich pyrite concentrates from its Velardeña Properties on improved terms to a buyer in Manzanillo, Mexico.
Warren M. Rehn, Golden’s President and Chief Executive Officer, commented, "Recently improved and updated terms for the purchase of our gold-rich pyrite concentrates allow us to consider moving forward with the re-opening of the Velardeña Properties’ mines without the need to build the BIOX plant, as we had previously planned. The new terms pay for enough of the gold and silver in the concentrate to enable us to shelve plans for the BIOX plant and sell our flotation concentrates directly to smelters. We made our first shipment of 142 tonnes of previously produced and stockpiled gold-rich pyrite concentrate under the new terms last week and we are currently processing 3,000 tonnes of previously mined and stockpiled mineralized material from the Santa Juana mine for future shipments. The economic benefit of the new payable terms bodes well for a restart of the Velardeña mines."
The new payable terms for gold-bearing pyrite concentrates are a significant improvement over previous terms offered in 2022 and earlier, and now represent in excess of a 100% increase for gold payables in the concentrate. The Company had previously planned to construct a BIOX facility at Velardeña in order to recover the gold in the pyrite concentrate. The capital cost of the BIOX facility was initially estimated at approximately US $6.5 million in 2019 (as reported in the May 2020 PEA); however, upon re-estimation in 2021 (as reported in the March 2022 PEA) the cost estimate had more than doubled to $14.5 million. In 2022, detailed costing and design showed a minimum cost of well over $20 million, which was more than could be readily financed for the project. The increase in the BIOX plant costs created uncertainty about the economic feasibility of re-commencing production. With these new concentrate sales terms, the problem of payable gold recovery appears to be solved without the significant capital costs required to build the previously planned BIOX facility.
The Company is now evaluating the economics of a restart of the Velardeña operation without the need for major capital expenditures for the BIOX facility and ancillary equipment. Pending confirmation and Board approval of the start-up plan, the Company believes that it could commence production as soon as mid-2023. To address the concerns related to mining dilution at Velardeña, the Company anticipates that it would schedule initial production from those veins that showed the best results from test mining in 2022. Ore-sorting, while showing promise to help reduce dilution, would not be required for the currently envisioned plan to resume production given the improved revenue projected from the new concentrate sales terms.
About Golden Minerals
Golden Minerals is a gold and silver producer based in Golden, Colorado. The Company is primarily focused on producing gold and silver from its Rodeo Mine, advancing its Velardeña and Yoquivo properties in Mexico and, through partner-funded exploration, its El Quevar silver property in Argentina, as well as acquiring and advancing selected mining properties in Mexico, Nevada and Argentina.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and applicable Canadian securities legislation, including statements regarding a potential restart of mining operations on the Velardeña properties, including the potential timing and ability to operate profitably without the BIOX facility and potential ore-sorting technology. These statements are subject to risks and uncertainties, including increases in costs and declines in general economic conditions; changes in current payable terms for gold-bearing pyrite concentrates; changes in political conditions, in tax, royalty, environmental and other laws in Mexico and other market conditions; and fluctuations in silver and gold prices. Golden Minerals assumes no obligation to update this information. Additional risks relating to Golden Minerals may be found in the periodic and current reports filed with the SEC by Golden Minerals, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2022.
Follow us at www.linkedin.com/company/golden-minerals-company/ and https://twitter.com/Golden_Minerals.
For additional information please visit http://www.goldenminerals.com/.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230404005481/en/
Contacts
Golden Minerals Company
Karen Winkler, Director of Investor Relations
(303) 839-5060
GoGold Reports Parral Production for Quarter Ending March 2023
https://www.newswire.ca/news-releases/gogold-reports-parral-production-for-quarter-ending-march-2023-895967838.html
GoGold Resources Inc. Apr 06, 2023, 08:30 ET
Shares Outstanding: 325,952,277
Trading Symbols: TSX: GGD
OTCQX: GLGDF
Guanajuato Silver Successfully Completes First Full Year of Precious Metals Production
https://www.accesswire.com/748239/Guanajuato-Silver-Successfully-Completes-First-Full-Year-of-Precious-Metals-Production
Monday, April 10, 2023 8:10 AM
GSilver Reports Year End 2022 Financial Results; Provides 2023 Production Guidance
VANCOUVER, BC / ACCESSWIRE / April 10, 2023 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(AQUIS:GSVR)(OTCQX:GSVRF)
Endeavour Silver Delivers Strong Production in Q1 2023
https://ca.finance.yahoo.com/news/endeavour-silver-delivers-strong-production-105000039.html
Endeavour Silver Corporation
Mon, April 10, 2023 at 3:50 a.m. PDT
VANCOUVER, British Columbia, April 10, 2023 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR)
Teck and Agnico Eagle Announce Completion of the San Nicolás Copper-Zinc Project Joint Venture
https://www.newswire.ca/news-releases/teck-and-agnico-eagle-announce-completion-of-the-san-nicolas-copper-zinc-project-joint-venture-876981405.html
Agnico Eagle Mines Limited Apr 06, 2023, 09:20 ET
VANCOUVER, BC and TORONTO, April 6, 2023 /CNW/ - Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) ("Agnico Eagle") and Teck Resources Limited (TSX: TECK.A) (TSX: TECK.B) (NYSE: TECK) ("Teck") announced today that the previously announced joint venture transaction between Teck and Agnico Eagle to advance the San Nicolás copper-zinc development project has closed. Teck and Agnico Eagle have entered into a joint venture shareholders agreement whereby Agnico Eagle, through a wholly-owned Mexican subsidiary, has agreed to subscribe for a 50% interest in Minas de San Nicolás, S.A.P.I. de C.V. ("MSN") for US$580 million, to be contributed as study and development costs are incurred by MSN. For governance purposes, Agnico Eagle is deemed to be a 50% shareholder of MSN from closing, regardless of the number of shares that have been issued to Agnico Eagle or its subsidiary.
Teck and Agnico Eagle are now 50/50 joint venture partners at San Nicolás, working together to advance permitting and development of the high-quality copper-zinc San Nicolás project located in Zacatecas, Mexico. The joint venture partners are planning to submit an Environmental Impact Assessment and Permit application for San Nicolás in the first half of 2023 and are targeting completion of a feasibility study in early 2024. Concluding the San Nicolás joint venture, initiating permitting, and completing the next stage of technical studies, is another positive step in Teck's strategy to advance its industry leading Copper Growth portfolio in a timely and prudent manner and for Agnico Eagle in leveraging its Mexican operating experience and know-how to pursue growth in a high-quality, copper-zinc mineral deposit located in a premier mining jurisdiction in Mexico.
Forward Looking Statements
This press release contains certain forward-looking statements within the meaning of the Unites States Private Securities Litigation Reform Act of 1995 and forward-looking information as defined in the Securities Act (Ontario). Forward-looking statements and information are statements other than historical fact and can be identified by statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or achieved. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors, which may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements in this release include statements concerning: the expectations regarding the timeline for initiating permitting and development of San Nicolás and the timing of completion of any technical studies.
Forward-looking statements and information are made based upon certain assumptions, including but not limited to, assumptions that San Nicolás can and will be developed in accordance with MSN's current plans. Factors that could cause actual results, performance or achievements to differ materially from those in the forward-looking statements include, among others, MSN's ability to advance permitting and development of San Nicolás, including challenges to our permits, risks related to mineral reserves and resources estimation and metallurgical recoveries, development risks, regulatory restrictions (including environmental regulatory restrictions and liability), and activities by governmental authorities.
The foregoing list of important factors and assumptions is not exhaustive. Other events or circumstances could cause actual results to differ materially from those estimated or implied by our forward-looking statements and information. Certain of these risks are described in more detail in each of Agnico's and Teck's 2022 Annual Information Form and Form 40-F and in subsequent public filings by Agnico and/or Teck with Canadian securities administrators and the US Securities and Exchange Commission. None of Agnico, Teck or MSN assume any obligation to revise or update these forward-looking statements and information after the date of this document or to revise them to reflect the occurrence of future unanticipated events, except as required under applicable securities laws.
About Teck
As one of Canada's leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal. Copper, zinc, and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck's shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.
About Agnico Eagle
Agnico Eagle is a senior Canadian gold mining company, producing precious metals from operations in Canada, Australia, Finland and Mexico. It has a pipeline of high-quality exploration and development projects in these countries as well as in the United States. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading environmental, social and governance practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.
SOURCE Agnico Eagle Mines Limited
For further information: Teck Media Contact: Chris Stannell, Public Relations Manager, 604.699.4368, chris.stannell@teck.com; Teck Investor Contact: Fraser Phillips, Senior Vice President, Investor Relations & Strategic Analysis, 604.699.4621, fraser.phillips@teck.com; Agnico Eagle Investor Contact: Jean-Marie Clouet, Corporate Director, Investor Relations, 416.457.9464, jeanmarie.clouet@agnicoeagle.com
Colibri Confirms Distribution of Historical High-Grade Samples at Its Newly Acquired Plomo Gold Project
https://www.newsfilecorp.com/release/161219
Dieppe, New Brunswick--(Newsfile Corp. - April 4, 2023) - Colibri Resource Corporation (TSXV: CBI) (OTC Pink: CRUCF)
FAVOURABLE METALLURGICAL RESULTS FROM AVINO'S OXIDE TAILINGS PROJECT
https://www.newswire.ca/news-releases/favourable-metallurgical-results-from-avino-s-oxide-tailings-project-805932836.html
Avino Silver & Gold Mines Ltd. Apr 05, 2023, 06:45 ET
VANCOUVER, BC, April 5, 2023 /CNW/ - Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE American: ASM) (FSE: GV6)
Prismo Metals Receives Drill Permit for Los Pavitos
https://www.newsfilecorp.com/release/161408
Vancouver, British Columbia--(Newsfile Corp. - April 5, 2023) - Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) ("Prismo" or the "Company") is pleased to announce that it has received its drill permit for its 5289 hectare (20 square miles) Los Pavitos project located in the well mineralized Alamos region of southern Sonora State, Mexico. The permit contemplates construction of as many as 23 trenches and 30 drill sites.
"We are very pleased to receive the environmental permit that will allow the first ever drill program to be conducted at Los Pavitos," said Dr. Craig Gibson, President and CEO of the Company, "We are looking forward to be able to construct trenches across mineralized structures in our ongoing program for target generation, and to subsequently drill test the mineralized structures."
Figure 1. Geologic map of the Los Pavitos project showing permitted trenches and drill sites.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7434/161408_71840640d480084e_002full.jpg.
Detailed exploration mapping and sampling is ongoing to refine drill targets at each of the main mineralized areas previously identified. Repair of access roads and trenching will be undertaken in April, and drilling is anticipated to begin in June.
Dr. Craig Gibson, PhD., CPG., a Qualified Person as defined by NI-43-01 regulations and President, CEO and a director of the Company, has reviewed and approved the technical disclosures in this news release.
About Los Pavitos
The Los Pavitos project consists of a 5,289-hectare concession located in the well mineralized Alamos region of southern Sonora State that lies 25 km west of the well-mineralized Alamos District, which encompasses several active exploration and mining projects, including the past producing Alamo Dorado mine of Pan American Silver, the Piedras Verdes copper mine of Cobre de Mayo and the Alamos and Aurifero vein projects being explored by Minaurum Gold Inc. Infrastructure is excellent with paved highway access, electricity and water. The project, which was generated by Rafael Gallardo, was acquired from Minera Cascabel S.A. de C.V., a Mexican exploration and services company founded by Dr. Peter Megaw, an advisor to the Company (for terms see the Company's prospectus filed on SEDAR). The company completed a NI 43-101 Technical Report on the project in March 2021 available on SEDAR.
Assays have been received for 460 rock samples taken by the company (excluding control samples); a further 110 samples were taken previously by Minera Cascabel. Drilling at Los Pavitos is expected to begin in Q2 2023.
Location of the Los Pavitos project in southern Sonora State in relation to the Caborca
Orogenic Gold Belt.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7434/161408_figure2prismo.jpg.
About Prismo
Prismo (CSE: PRIZ) is mining exploration company focused on two precious metal projects in Mexico (Palos Verdes and Los Pavitos) and a copper project in Arizona (Hot Breccia).
Please follow @PrismoMetals on Twitter, Facebook, LinkedIn, Instagram, and YouTube.
Prismo Metals Inc.
1100 - 1111 Melville St., Vancouver, British Columbia V6E 3V6
Contact:
Craig Gibson, President & Chief Executive Officer craig.gibson@prismometals.com
Jason Frame, Manager of Communications jason.frame@prismometals.com
Neither the Canadian Securities Exchange accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements other than statements of historical fact, including without limitation, statements regarding the anticipated content, commencement and exploration program results, the ability to complete future financings, required permitting, exploration programs and drilling, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct.
The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, the state of the financial markets for the Company's equity securities, the state of the commodity markets generally, variations in the nature, the analytical results from surface trenching and sampling program, including diamond drilling programs, the results of IP surveying, the results of soil and till sampling program. the quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required, including CSE acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, the potential impact of COVID-19 (coronavirus) on the Company's exploration program and on the Company's general business, operations and financial condition, and other risks and uncertainties. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.
Minaurum Provides Strategic Update
https://www.newsfilecorp.com/release/161354
Vancouver, British Columbia--(Newsfile Corp. - April 5, 2023) - Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) ("Minaurum") is pleased to provide an update on its corporate strategy as well as the Alamos, Santa Marta and Aurifero projects.
Minaurum's exploration strategy is to develop and acquire a pipeline of potential Tier One precious metals projects. Through a portfolio containing silver projects totaling 37,928 hectares; gold projects totaling 25,933 hectares; and copper projects totaling 12,856 hectares, Minaurum provides significant exposure to precious metals.
Key initiatives for each flagship project include:
Alamos Silver Project
Ongoing underground rehabilitation to be followed by mapping, sampling and underground drilling. Results will serve as a basis for an initial resource estimate.
Santa Marta Copper-Gold Project
Initial drill program has been designed and is awaiting a drill permit from SEMARNAT, the Mexican federal environmental permitting agency.
Aurifero Gold Project
Drill program to test deep targets has been designed and drill permits have been applied for, actively working to further consolidate the district.
Minaurum expects to advance the remainder of its projects through strategic joint ventures in exchange for a combination of royalties, carried interests, and payments such as it received in option agreements with Fortuna Silver Corp. and Infinitum Copper Corp.
"We believe gold and silver will begin a significant and sustained multi-year rally in 2023 and we are working to maximize our shareholders' exposure to it by advancing our portfolio of potential tier one gold and silver projects. Our robust pipeline of district-scale projects offers investors a single company alternative to a basket of junior explorers," stated Darrell Rader, President and CEO of Minaurum Gold. "Exploration results to date indicate that the Alamos Silver project is a Tier 1 silver project, and we are actively quantifying its silver endowment to determine if it will make a low-cost, long-lived mine."
FLAGSHIP SILVER, GOLD, AND COPPER PROJECTS
Alamos Silver Project
The 100% owned 37,928-hectare Alamos silver project completely encompasses a major historic silver district that hosted multiple mines and had not seen modern exploration until Minaurum acquired it. Minaurum discovered 26 separate silver vein zones carrying by-product gold, copper, lead, and zinc credits. To date, 42,000 m of core drilling has been completed.
In 2022, Minaurum transitioned from surface to underground exploration through initiating an extensive underground mine rehabilitation program at the historic Promontorio mine, one of the largest historical silver producers within the district. Entering previously inaccessible old mine workings returned significant high-grade silver and gold sampling results. Recent mine backfill sampling results have ranged from anomalous to 308 g/t silver, 5.7 g/t gold, 1.57% copper, 3.91% lead and 8.19% zinc (see Minaurum news release dated March 2, 2023) with a surface dump boulder of massive sulfide vein assaying 3,320 g/t Ag, 54.7 g/t Au, 25% Cu, 6.5% Pb, and 1.1% Zn (see Minaurum news release dated November 15, 2022).
Minaurum is now preparing to refurbish a number of the historic shafts in order to access the lower mine levels and higher-grade portions of the mine. Underground rehabilitation includes the stabilization of ground and dewatering of internal shafts to provide safe access for detailed sampling and mapping of vein exposures, and underground drilling. These activities, along with compilation of drilling data, will generate a 3D geologic model, which will serve as the basis for a resource estimate.
Alamos Project website page: https://minaurum.com/projects/alamos/
Santa Marta Copper Project
The Santa Marta project, in Oaxaca state, hosts an un-drilled copper-gold volcanogenic massive sulphide ("VMS") deposit. Drill targets include a 700-metre-long gossan exposure that has been demonstrated by rock-chip sampling to be mineralized in base metals for its entire length. Additional scattered exposures of gossan bring the entire strike length of prospective ground to over 900 m. Historical and Minaurum sampling has yielded copper values ranging from 1% to 3.7% copper and gold values as high as 2 g/t gold.
David Lowell, considered the world's greatest explorer having made over a dozen major discoveries in his career, noted, "Santa Marta has a number of early geological indicators leading us [Lowell Copper] to believe it could be a significant VMS deposit." (See Minaurum news release March 25, 2014).
Minaurum has designed an initial drill program and is waiting for a drill permit from SEMARNAT, the Mexican federal environmental permitting agency.
Santa Marta Project website page: https://minaurum.com/projects/santa-marta/
Aurifero Gold Project
The Aurifero gold project encompasses a swarm of gold- and silver-bearing epithermal veins measuring 3 km long and more than 400 m wide and lies approximately 35 km northwest of the Alamos silver project. A large number of high-grade gold results from shallow historical drilling suggests the potential top of a large underlying gold system. Drill results include: 58 m of 3.65 g/t Au (hole CI-09); 24.5 m of 3.12 g/t Au (hole 07-MN-10) and 3.1 m of 18.37 g/t Au (hole DMDDH-01) (see news release dated January 29, 2020). Historical drilling typically reached less than 100 m from the surface: the deepest reaching a vertical depth of 135 m from surface.
Minaurum has compiled historical exploration data including the re-logging of historic drill core, designed a drill program, applied for drill permits and is actively working to further consolidate the district.
Aurifero Project website page: https://minaurum.com/projects/aurifero
PROJECT PORTFOLIO
Aurena Gold Project
At the Aurena gold-skarn/VMS discovery, two principal zones of fracture-controlled gold mineralization occur along a strike length of 1.8 km. The largest zone of mineralization discovered by drilling occurs along a steeply north-dipping contact between metavolcanic and metasedimentary rocks. The second zone hosts significant gold mineralization directly on surface including: 29.05 m of 1.99 g/t gold (hole AURC-11-005); 43.50 m of 1.01 g/t gold (hole AURC-11-006); and 20.50 m of 1.01 g/t gold (hole AURC-11-001); (see news releases May 9 and June 14, 2011).
Minaurum is in joint venture discussions with several interested third parties.
Aurena Project website page : https://minaurum.com/projects/aurena
Biricu and Vuelcos del Destino Gold Projects
Biricu and Vuelcos del Destino are located in the heart of the multimillion-ounce Guerrero Gold Belt ("GGB"). The projects were hand-picked by the late David M. Jones, Co-founder and Director, who on behalf of Teck Corp. discovered the 4-million-ounce Los Filos gold deposit that has now grown to over 15 million ounces. His discovery model is still used today and referenced in several NI 43-101 reports within the GGB for his geometallurgical domains by which the domains are used to separate rock of different metallurgical characteristics and identified in the block models as the "Jones codes". Besides Los Filos, Mr. Jones is also credited with the discovery of the Aguita, Independencia, Norte and Media Luna deposits in the GGB.
Click here to view videos by David M. Jones about the Guerrero Gold Belt
Biricu and Vuelcos del Destino represent the last remaining projects held by a junior in the center of the belt and are completely surrounded by miners including Equinox Gold, Agnico-Eagle, Torex Gold, and Osisko Development Corp. Recently Heliostar Metals Inc. raised CDN $24M to fund the exploration and development of its Ana Paula acquisition (see Heliostar Metals news release dated March 17, 2023) in the northern most portion of the GGB. Both of Minaurum's projects exhibit typical GGB host rocks cut by intrusive rocks identical to those seen in the neighbouring Los Filos Mine and nearby Media Luna deposit. Vuelcos del Destino hosts the largest untested intrusive complex measuring 12 sq km in the GGB. At Biricú, drilling focused on 3 principal target areas, where one hole intercepted 26.98 m grading 1.07 g/t Au (hole GV2014-011) (see news release dated January 20, 2021).
Minaurum is in joint venture discussions with interested third parties on its Guerrero Gold Belt projects as well as reviewing further consolidation opportunities.
Biricu and Vuelcos del Destino Project website pages:
https://minaurum.com/projects/vuelcos-del-destino/
https://minaurum.com/projects/biricu/
Follow us and stay updated:
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Twitter: @minaurumgold
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Subscribe to our email list at www.minaurum.com
Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) (FSE: 78M) is a Mexico-focused explorer concentrating on the high-grade Alamos silver project in southern Sonora. With a property portfolio encompassing multiple additional district-scale projects, Minaurum is managed by one of the strongest technical and finance teams in Mexico. Minaurum's goal is to continue its founders' legacy of creating shareholder value by making district-scale mineral discoveries and executing accretive mining transactions. For more information, please visit our website at www.minaurum.com and our YouTube Minaurum Video Channel.
ON BEHALF OF THE BOARD
"Darrell A. Rader"
Darrell A. Rader
President and CEO
For more information, please contact:
Sunny Pannu - Investor Relations and Corporate Development Manager
(778) 330 0994 or via email at pannu@minaurum.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
2710 - 200 Granville Street
Telephone 778 330-0994
Vancouver, BC V6C 1S4
www.minaurum.com
info@minaurum.com
Stephen R. Maynard, Vice President of Exploration of Minaurum and a Qualified Person as defined by National Instrument 43-101, reviewed and verified the assay data, and has approved the disclosure in this News Release. Historical data reported in this news release has not been verified.
Cautionary Note Regarding Forward Looking Information: This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof.
In making the forward-looking information in this release, Minaurum has applied certain factors and assumptions that are based on Minaurum's current beliefs as well as assumptions made by and information currently available to Minaurum. Although Minaurum considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking information in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking information.
Readers are cautioned not to place undue reliance on forward-looking information. Minaurum does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by law.
Kingsmen Expands Land Position in Historic Mine District
https://www.newsfilecorp.com/release/161141
Vancouver, British Columbia--(Newsfile Corp. - April 4, 2023) - Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRD) ("Kingsmen" or the "Company") is pleased to report the acquisition of a new 342 hectare claim adjacent to its 100%-owned, brownfield Las Coloradas high-grade vein, silver-gold-lead-zinc-copper project located in the SE part of the Parral mining district of Chihuahua, Mexico (www.kingsmenresources.com). The claim was purchased from an arm's length vendor independent from the company and the vendor of the Las Coloradas project, claims, and is unencumbered by any royalties or other interests. The claim is an exempt transaction under policies of the TSX.V.
The newly acquired claim immediately adjoins the Company's Las Coloradas project area to the west and south giving the Company control over this significant area. The claim covers prospective geology, and structural and geophysical targets, and will now form part of the Las Coloradas project. As well, a prominent northeast structural trend has been noted in the geology. A northeast structural trend is the main control on mineralization at Discovery Silver's Cordero silver deposit, 35 km northeast of Parral.
Scott Emerson, President: "The acquisition is in line with our aggressive strategy to become the pre-eminent explorer in this historic mining district."
Las Coloradas Claim Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9640/161141_106ad20c54abda0b_001full.jpg
The Las Coloradas project offers excellent exploration potential. Historic mining of high-grade vein, silver-gold-lead-zinc-copper terminated at the water table at depths of +/- 125 meters, and examples of skarn and porphyry mineralization have also been found. New orientations of mineralization are now being found outside of the old workings of the Las Coloradas mine and on the newly acquired claim. The old Las Coloradas mine has similar geology to the Parral mining district where vein mineralization persists to depths of 600 - 1,000 meters.
Qualified Person
Kieran Downes, Ph.D., P.Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical disclosure set out in this news release.
About Kingsmen Resources
In line with Kingsmen's organic-growth strategy, the Company's focus is on exploration and development, and is currently focused on district-scale exploration for precious metals in the prolific mining districts of Parral Mexico. In addition, the Company holds a 1% NSR on the Los Ricos north project operated by GoGold Resources. The Company's leaders have extensive experience in the mining and financial sectors. Kingsmen is a publicly-traded company (TSXV: KNG) (OTCQB: KNGRD) and is headquartered in Vancouver, British Columbia.
On behalf of the Board,
Signed: "Scott Emerson"
Scott Emerson,
President & CEO
Phone: 6046859316
Email: se@kingsmenresources.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement:
All statements, trend analysis and other information contained in this press release about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding the completion of the acquisition of the Las Coloradas Project and receipt of regulatory approval, are forward-looking statements. Although Kingsmen believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since Kingsmen can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in Kingsmen's periodic filings with Canadian securities regulators, and assumptions made with regard to: Kingsmen's ability to make the required payments under the definitive agreements; and Kingsmen's ability to secure the necessary regulatory approvals. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Important factors that could cause actual results to differ materially from Kingsmen's expectations include risks associated with the business of Kingsmen; risks related to the satisfaction or waiver of certain conditions to the closing of the acquisition of the Las Coloradas Project; non-completion of the acquisition of the Las Coloradas Project; risks related to exploration and potential development of the Las Coloradas Project; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risk factors as detailed from time to time and additional risks identified in Kingsmen's filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Kingsmen does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.
Prismo Metals Announces 20.3 g/t Gold over 0.6 meters at Los Pavitos
https://www.newsfilecorp.com/release/160975
Vancouver, British Columbia--(Newsfile Corp. - April 3, 2023) - Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF)
Silver Tiger Intersects 2.0 meters of 1,156.4 g/t Silver Equivalent within 17.9 meters of 425.9 g/t Silver Equivalent in the Sulphide Zone
https://www.accesswire.com/747452/Silver-Tiger-Intersects-20-meters-of-11564-gt-Silver-Equivalent-within-179-meters-of-4259-gt-Silver-Equivalent-in-the-Sulphide-Zone
Tuesday, April 4, 2023 7:00 AM
Silver Tiger Metals Inc.
https://silvertigermetals.com/
HALIFAX, NS / ACCESSWIRE / April 4, 2023 / Silver Tiger Metals Inc. (TSXV:SLVR)(OTCQX:SLVTF)
Discovery Reports Q4 2022 Financial Results and Update
https://ca.finance.yahoo.com/news/discovery-reports-q4-2022-financial-182200975.html
Discovery Silver Corp.
Fri, March 31, 2023 at 11:22 a.m. PDT·18 min read
TORONTO, March 31, 2023 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF)
Impact Silver Closes Acquisition of the High-Grade Plomosas Zinc-Lead-Silver Mine, Mexico
https://www.newsfilecorp.com/release/161140
Vancouver, British Columbia--(Newsfile Corp. - April 3, 2023) - IMPACT Silver Corp. (TSXV: IPT) (OTC Pink: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") is pleased to announce that it has completed the Share Purchase and Sale Agreement (the "Sale Agreement") with Consolidated Zinc Limited (ASX: CZL) ("CZL") of Australia, previously announced on February 9, 2023, regarding the purchase of all outstanding shares of its subsidiary, Minera Latin America Zinc S.A.P.I de C.V. ("MLAZ"), which holds a 100% interest in the high-grade, Plomosas zinc-lead-silver mine in the state of Chihuahua, northern Mexico.
Closing of this acquisition solidifies IMPACT's position as one of Mexico's most well-funded and growth-minded intermediate miners - one that is well-positioned to offer investors high-grade production, balanced and aggressive growth, and exciting exploration upside going forward.
TERMS OF THE AGREEMENT
The total purchase price of US$6 million consists of US$3 million in cash and the balance in the form of IMPACT shares (a total of 11,441,647 shares will be issued). Post closing adjustments based on changes in working capital will be made, as previously agreed to, between the two parties.
Contractual restrictions have been applied to 75% of the share transfer component such that IMPACT Shares will be released from restriction in three equal tranches of 25% of the total number of shares issued to CZL, every 6 months, over 18 months from closing. 25% of the IMPACT Shares will be immediately held by CZL (subject to a statutory 4-month hold period from the date of issuance of the IMPACT Shares); and
A 12% net profit interest ("NPI") royalty on production from the Plomosas project to CZL.
"We are thrilled to have completed this transformative acquisition that provides IMPACT with production in a second mining district, bringing with it both production growth and exploration upside to the Company going forward. Plomosas is a unique and fully permitted operation built on a large mineral system with global tier one historic grades at 13%+ zinc providing exceptional potential to both upgrade and expand its current level of operations. We intend to lean on our 17 years of successful underground operating experience at the Royal Mines of Zacualpan and leverage this know-how to provide meaningful shareholder value and significant upside potential for all stakeholders across our exceptional ESG-centric operation," said Frederick Davidson, Chairman and CEO of IMPACT Silver.
HIGHLIGHTS
The acquisition will expand IMPACT's production profile from one to two producing operations - the Plomosas zinc-lead-silver district in northern Mexico and the Royal Mines of Zacualpan silver-lead-zinc-gold district in central Mexico.
At Plomosas, CZL reported JORC mineral resources1 of 215,000 tonnes grading 13.5% zinc, 6.3% lead and 34.0 g/t silver (indicated), and 772,000 tonnes grading 13.1% zinc, 3.0% lead and 19.0 g/t silver (inferred), at a 3% zinc cut-off at December 2021.
IMPACT plans an aggressive drill program in 2023 to both infill the Plomosas resource and test extensions of known mineralization.
Plomosas is known to host high-grade mineralization. Historical mining indicates grades in the global upper quartile for zinc, with approximately 2.5MT mined since 1943 grading 15-25% zinc, 2-7% lead and 40-60 g/t silver with low deleterious elements2.
CZL has been mining Plomosas since September 2018. IMPACT plans to upgrade the mill and mine with the aim to continue mining alongside a meaningful expansion of operations.
IMPACT's highly skilled operations team has 17 years of underground mining and flotation milling experience at its producing Zacualpan area assets, which will help up grade accelerate the efficient expansion of the Plomosas operation.
Exploration potential at Plomosas is exceptional, with only 600m of the 6 km-long strike length having been explored to date. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material from surface.
PLOMOSAS PROJECT OVERVIEW
In 2021, CZL processed 31,695 tonnes of mineral resulting in 2,442 tonnes of zinc concentrate and 599 tonnes of lead concentrate. Mineral processing is currently done amidst a potential 150+ tonne per day capacity, conventional flotation mill that is currently operating below design capacity. The Plomosas Property is subject to an underlying 1% Net Smelter Royalty. The 3,019-hectare property covers extensive carbonate replacement deposit-type ("CRD") zinc-lead-silver mantos (beds) mainly hosted in carbonates (limestones, marbles).
Regionally, Plomosas lies in the same mineral belt as some of the largest CRD deposits in the world (see Map 1 below)2. The historic Santa Eulalia Mine is the world's largest historic CRD deposit and is located 100km west of Plomosas.
Historic resources and production of regional CRDs include:
- Santa Eulalia produced over 450Moz silver from 51MT averaging 350 g/t silver, 8.2% lead and 7.8% zinc and was mined over 300 years.
- Cinco De Mayo (Mag Silver Corp.) with limited drilling since 2012 reports Inferred Mineral Resources of 12.45 million tonnes at 132 g/t silver, 0.24 g/t gold, 2.86% lead, and 6.47% zinc at an NSR cut off of US$100/t.
- South32's (formerly Arizona Mining) Taylor deposit at the north end of the CRD belt in Arizona- reported Measured plus Indicated Resources of 115MT averaging 3.85% zinc, 4.34% lead and 79 g/t silver, and Inferred Resources of 24MT averaging 3.73% zinc, 3.82% lead and 91 g/t silver, and remains open at depth and along strike.
- Other large CRD mines also occur in the region (see Map 1 below).
Reference to these regional CRDs are for information purposes only and there are no assurances that Plomosas will achieve similar results.
Location map of Plomosas Mine and Nearby Mines and Infrastructure
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4729/161140_6a71b58b24ab5a08_003full.jpg
Cozen O'Connor LLP acted as legal advisor to IMPACT Silver Corp. Jett Capital Advisors, LLC acted as financial advisor to Consolidated Zinc Limited.
ABOUT IMPACT SILVER
IMPACT Silver Corp. (TSXV: IPT) is a successful mineral producer and explorer with two mining projects in Mexico.
Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the 211 km2 Zacualpan project where four underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI?43-101 inferred mineral resource of over 4.5?million oz silver, 48 million lbs zinc and 21 million lbs lead. (see IMPACT news release dated January 18, 2016, for details and QP statement, and Footnote 3 below for report reference) Company engineers are reviewing Capire for a potential restart of operations to leverage improving commodity prices. Over the past 17 years, IMPACT has developed multiple exploration zones into commercial production and have produced over 12 million ounces of silver, generating revenue more than $241 million.
Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc-lead-silver producer with exceptional exploration upside potential. The Company aims to recommence operations in the near term followed by plans for expanding operations through the balance of 2023 and into 2024. Exploration potential at Plomosas is exceptional with only 600m of the 6 km-long structure having been explored to date. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material from surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.
Additional information about IMPACT and its operations can be found on the Company website at www.IMPACTSilver.com. Follow us on Twitter @IMPACT_Silver and LinkedIn at https://www.linkedin.com/company/impactsilver
Qualified Person and NI 43-101 Disclosure
George Gorzynski, P.Eng., is a "qualified person" within the meaning of NI 43-101 and has approved the technical information contained in this news release. Mr. Gorzynski is Vice-President, Exploration and a director of IMPACT.
On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO
For more information, please contact:
Jerry Huang
CFO | Investor Relations
O: (604) 681 0172 or inquiries@impactsilver.com
C: (778) 887 6489 Direct
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Footnotes:
1. Plomosas mineral resources are reported by Consolidated Zinc Ltd. (ASX: CZL) on their website (https://www.consolidatedzinc.com.au) under the Australian JORC (2012) Code as mineral resources "depleted as at December 2021". IMPACT's Qualified Person has reviewed but not verified in detail these current reported mineral resources and is only reporting them as material recent mineral resources reported by CZL and available in the public record. IMPACT believes the estimates are relevant and reliable, given they are reported to Australian JORC standards; however, IMPACT's Qualified Person has not done sufficient work to classify them as current Canadian NI 43-101 mineral resources.
2. Reference: Alexandri, A. Gonzalez, H., & Salas, H. (2022). Plomosas Project (CZL), Field Visit Report. IMPACT Silver Corp. private report on field visits and compilation of historic and recent data, 56 pages.
3. Reference: Ristorcelli, S.J. & Gorzynski, G. (2016). Technical Report on Mineral Resources for the Capire Silver-Lead-Zinc Project, Pedro Ascencio Alquisiras Municipality, Guerrero, Mexico. Prepared for IMPACT Silver Corp. by Mine Development Associates, Reno, Nevada. 82 pages. Available on www.sedar.com.
Forward-Looking and Cautionary Statements
This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements include but are not limited to, statements regarding the potential for defining and extending the known mineralization at Plomosas, and plans for drilling and future operations at the Company's projects.
Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitation, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, pandemics and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement or beliefs, opinions, projections, or other factors, except as required by law.
At Zacualpan, the Company's decision to place a mine into production, expand a mine, make other production related decisions, or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101, the Company is required to disclose that it has not based its Zacualpan production decisions on NI 43-101 mineral resources or reserve estimates, preliminary economic assessments, or feasibility studies, and historically such projects have increased uncertainty and risk of failure.
Asia Broadband Confirms Delivery of New Plant Site Equipment for Large-Scale Gold and Silver Ore Stockpile Processing
https://ca.finance.yahoo.com/news/asia-broadband-confirms-delivery-plant-120000139.html
Asia Broadband Inc.
Wed, March 29, 2023 at 5:00 a.m. PDT·4 min read
LAS VEGAS, March 29, 2023 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company is expecting to receive its initial deliveries of new mining processing and facilities equipment within 4 to 6 weeks. AABB’s management and technical consultants have set a 3rd quarter 2023 completion timeline to bring the new processing facility into full operations on the Etzatlan, Mexico site. The Company’s equipment supply agents and distributors in Asia have confirmed the receiving logistics timing despite the recent industry challenges with equipment deliveries. The new plant will utilize advanced mining equipment automation and efficiencies to maximize processing throughput and metals extraction and minimize the production costs. Additionally, the new facility will be built with expanded processing capability that will be implemented after the initial production levels have been established.
In December 2022, AABB completed the land purchase for the site of the new processing facility to be constructed with respect to the terms of the historic and long-term processing and production agreement signed previously for a large-scale gold and silver ore stockpile located in Las Jimenez, Etzatlan, Jalisco, Mexico. The agreement allows the Company exclusivity to purchase the 4 million ton ore stockpile at an economically feasible price point. A recent evaluation report has estimated the stockpile to represent over $800 million in total gold and silver value. The stockpile processing project is the largest high-yield asset addition for the Company to date in its strategic expansion initiative to acquire gold production and increase AABB’s physical gold holdings.
The 4.94 hectare processing plant land parcel, that includes a water concession, is located approximately 5.8 miles from the ore stockpile in Etzatlan, Mexico, and 48 miles from the AABB Buenavista mining warehouse. The new facility build-out is budgeted for a $3 million cost and is initially planned to have a 200 ton per day (tpd) processing capacity. At this first level of processing, the mill is estimated to generate over $11 million in revenue annually. The Company will also be accelerating a mill expansion installation to increase the processing capacity 5 fold to 1,000 tpd, once the initial processing level of the mill is consistently at capacity.
“The primary suppliers of processing plant equipment in Asia are experiencing challenges to meet delivery times, but we are working around this effectively to stay on path with our facility installation timeline. The revenue from our ore stockpile processing agreement project this year will be the foundation of ABBB’s growth to the next level of operations and expansion in all areas of our business,” expressed Chris Torres, AABB President and CEO.
In other Company news, management is planning to release a mineral properties update in the coming weeks. Additionally, AABB is pleased to report that $1 million in gold bullion was added to its corporate holdings from mining production in 2022 for gold-backing of its Golden Baboons Mining Club (GBMC) Non-Fungible Token (“NFT”) collection and other digital asset projects. This recent milestone reached by the Company further advances the AABB program to expand its physical gold asset base through its mining operations.
About Asia Broadband
Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the Company and creates distinctive value for shareholders. Additionally, the Company has added a digital assets business segment with its AABBG freshly minted mine-to-token gold-backed cryptocurrency within its AABB Wallet, a proprietary digital exchange AABBExchange, a proprietary cryptocurrency payment gateway solution PayAABB.com and its Golden Baboons Mining Club NFT collection. AABB expects its token to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand based price appreciation. These are unique and outstanding qualities relative to other cryptocurrencies.
Contact the Company at:
General Email:
ir@asiabroadbandinc.com
Exchange Support:
https://aabbexchange.com/faq/
Token Support:
https://aabbgoldtoken.com/faq/aabb-wallet/
www.AABBGoldToken.com/support/
Company Websites:
www.asiabroadbandinc.com
www.AABBExchange.com
www.AABBGoldToken.com
www.PayAABB.com
www.goldenbaboons.com
Phone:
702-866-9054
Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.’s (the “Company”) expected current beliefs about the Company’s business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.
Sierra Madre Announces Closing of Definitive Acquisition of La Guitarra
https://www.accesswire.com/746581/Sierra-Madre-Announces-Closing-of-Definitive-Acquisition-of-La-Guitarra
Thursday, March 30, 2023 7:00 AM
VANCOUVER, BC / ACCESSWIRE / March 30, 2023 / Sierra Madre Gold and Silver Ltd. (TSXV:SM)
Avino Achieves Net Earnings of $3.1 Million in 2022; Record Quarterly & Annual Revenues of $14.6 & $44.2 Million
https://www.newswire.ca/news-releases/avino-achieves-net-earnings-of-3-1-million-in-2022-record-quarterly-amp-annual-revenues-of-14-6-amp-44-2-million-879708830.html
Avino Silver & Gold Mines Ltd. Mar 28, 2023, 18:11 ET
VANCOUVER, BC, March 28, 2023 /CNW/ - Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE: ASM) (FSE: GV6)
Tocvan Outlines High-Grade Gold Results for Start of Diagnostic Leach Study; Stockpile of Bulk Sample Complete
https://www.accesswire.com/746380/Tocvan-Outlines-High-Grade-Gold-Results-for-Start-of-Diagnostic-Leach-Study-Stockpile-of-Bulk-Sample-Complete
Wednesday, March 29, 2023 2:05 AM
Tocvan Ventures Corp.
www.tocvan.com
Heliostar Completes Acquisition of Ana Paula
https://www.newsfilecorp.com/release/160073
Vancouver, British Columbia--(Newsfile Corp. - March 28, 2023) - Heliostar Metals Limited (TSXV: HSTR) (OTC Pink: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce that the Company has closed its transaction with Argonaut Gold Inc. ("Argonaut") in which it has acquired, indirectly, the Ana Paula Gold Project (the "Ana Paula Gold Project"). Heliostar now holds a 100% interest in the Ana Paula Gold deposit in Mexico (the "Transaction").
Heliostar CEO, Charles Funk commented, "Heliostar is now the owner of the Ana Paula Gold deposit, a 1.4-million-ounce resource (M&I) with a PFS and permits for open pit mining. The transaction has added advanced gold ounces to our company for significantly less than the cost to drill, define and permit them. In the coming months, the Company's re-scope has the potential to deliver wide, high grade drill results, that in conjunction with mining and metallurgical studies can significantly increase the NPV of a mine at Ana Paula. We look forward to delivering on these re-rating steps in 2023."
Ana Paula Gold Project1
Ana Paula is permitted for an open pit mine with measured and indicated (M&I) mineral resources of 1.46 Moz gold at 2.17 g/t gold and 3.27 Moz silver at 4.8 g/t silver.
Proven and probable mineral reserves of 1,021,000 ounces of gold at 2.36 g/t gold and 2,254,000 ounces of silver at 5.22 g/t silver.
High grade gold project with potential to be an open pit or underground mine.
Estimated US$75,000,000 of historic exploration and development expenses.
Existing mine infrastructure including a 412 metre long decline in place.
142,000 metres of drilling in 333 holes.
For additional information on the Transaction and the Ana Paula Gold Project, please see the Company's news releases dated December 5, 2022, January 17, 2023, March 3, 2023, and March 17, 2023 filed under the Company's profile on SEDAR.
Acquisition Summary
On December 5, 2022, Heliostar entered into a share purchase agreement, as amended (the "Purchase Agreement") with Argonaut for the sale of all of the issued and outstanding shares of Aurea Mining Inc. ("Aurea Mining"), a wholly-owned subsidiary of Argonaut, which through Aurea Mining's wholly-owned subsidiary Minera Aurea S.A. de C.V. ("Minera Aurea"), holds a 100% indirect interest in and to Ana Paula. Pursuant to the terms of the Share Purchase Agreement, Heliostar acquired all the issued and outstanding shares of Aurea Mining in consideration for a cash payment to Argonaut of US$10,000,000 at closing (the "Cash Consideration") and, in addition to the Cash Consideration, Heliostar also agreed that:
On the earlier of receiving an extension to the existing Ana Paula Gold Project open-pit mining permit and the granting of a new underground mining permit, the issuance of such number of common shares in the capital of Heliostar (each, a "Heliostar Share") as have an aggregate value of US$5,000,000 to Argonaut divided by the volume weighted average closing price ("VWAP") of the Heliostar Shares for the ten trading days ending on the last trading day immediately prior to the date of the Purchase Agreement;
On the earlier of (a) the date of completion of a feasibility study for the Ana Paula Gold Project and (b) July 1, 2024, a cash payment to Argonaut of US$2,000,000;
On the date that Heliostar announces a construction decision for the Ana Paula Gold Project, it will pay to Argonaut an additional cash payment of US$3,000,000 and US$2,000,000 in cash or Heliostar Shares at a deemed price equal to the VWAP of the Heliostar Shares for the ten trading days immediately prior to announcement of the construction decision; and
On the date that Heliostar commences commercial production at the Ana Paula Gold Project, it will pay to Argonaut an additional US$5,000,000 in cash and US$3,000,000 in cash or Heliostar Shares at a deemed price equal to the VWAP of the Heliostar Shares for the ten trading days immediately prior to announcement of the commercial production.
All contingent Heliostar Share issuances noted above are subject to a minimum deemed price of $0.24 per Heliostar Share.
Statement of Qualified Person
Stewart Harris, P.Geo., a Qualified Person, as such term is defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), has reviewed the scientific and technical information that forms the basis for this news release and has approved the disclosure herein. Historical information contained in this news release cannot be relied upon as Stewart Harris has not prepared nor verified such information.
About Heliostar Metals Ltd.
Heliostar is a junior mining company with a portfolio of advanced high-grade gold projects in Mexico and Alaska.
Upon completion of the Transaction, the Company intends to focus on developing the 100% owned Ana Paula Project in Guerrero, Mexico. In addition, Heliostar is working with the Mexican government to permit the San Antonio Gold Project in Baja Sur, Mexico. The Company continues efforts to expand the resource at the Unga Gold Project in Alaska, United States of America.
The Ana Paula Project deposit contains proven and probable mineral reserves of 1,021,000 ounces of gold at 2.36 grams per tonne ("g/t") gold and 2,254,000 ounces of silver at 5.22 g/t silver. Ana Paula hosts measured and indicated resources of 1,461,800 ounces of gold at 2.17 g/t gold and 3,269,000 ounces of silver at 4.8 g/t silver. A Preliminary Feasibility Study was completed in 2017 and the asset is permitted for open-pit mining.1 The asset contains significant existing infrastructure including a portal and 412 metre long decline.
San Antonio is a high-grade oxide gold deposit containing measured and indicated mineral resources of 1,735,000 ounces of gold at 0.83 g/t gold. A Preliminary Economic Assessment for Argonaut was completed in 2012.
Unga is an advanced vein district containing the SH-1 gold deposit within a large, prospective vein field. SH-1 contains inferred minerals resources of 384,000 ounces of gold at 13.8 g/t gold.
For additional information please contact:
Charles Funk
Chief Executive Officer
Heliostar Metals Limited
Email: charles.funk@heliostarmetals.com
Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey@heliostarmetals.com
Sources
Alio Gold Inc., Ana Paula Gold Project NI 43-101 Technical Report Amended Preliminary Feasibility Study with effective date 16 May 2017.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this press release include, but are not limited to, statements regarding the Company's ability to deliver wide, high grade drill results, the production of a new underground mine plan and an improved resource estimate, and the production of a feasibility study with a significantly increased NPV, simpler mill design and a much higher profit margin versus production cost, and general statements regarding the future plans for Heliostar's business and objectives as well as any anticipated timelines related thereto. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include, but are not limited to, the Company achieving high grade drill results, the production of a new underground mine plan and an improved resource estimate, and the production of a feasibility study with a significantly increased NPV, simpler mill design and a much higher profit margin versus production cost; general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; and other risks outside of the Company's control. Further, the ongoing COVID-19 pandemic, labour shortages, high energy costs, inflationary pressures, rising interest rates, the global financial climate and the conflict in Ukraine and surrounding regions are some additional factors that are affecting current economic conditions and increasing economic uncertainty, which may impact the Company's operating performance, financial position, and future prospects. Collectively, the potential impacts of this economic environment pose risks that are currently indescribable and immeasurable. Readers are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly, are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. These forward-looking statements are made as of the date of this news release and, unless required by applicable law, the Company assumes no obligation to update these forward-looking statements.
Torex Reports Encouraging Results From Drilling at EPO
https://ca.finance.yahoo.com/news/torex-reports-encouraging-results-drilling-100000127.html
Torex Gold Resources Inc.
Thu, March 23, 2023 at 3:00 a.m. PDT
IMPACT Silver Announces 2022 Financial Results Including Positive Mine-Level Operating Earnings
https://www.newsfilecorp.com/release/159709
Vancouver, British Columbia--(Newsfile Corp. - March 24, 2023) - IMPACT Silver Corp. (TSXV: IPT) (OTC Pink: ISVLF) (FSE: IKL)
Discovery Intercepts 241 g/t AgEq over 39 m in Feasibility Study Drilling at Cordero
https://ca.finance.yahoo.com/news/discovery-intercepts-241-g-t-110000043.html
Discovery Silver Corp.
Wed, March 22, 2023 at 4:00 a.m. PDT·13 min read
TORONTO, March 22, 2023 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF)
VIZSLA SILVER EXTENDS HIGH-GRADE MINERALIZATION AT LA LUISA; INTERCEPTS 4,227 G/T AGEQ OVER 2.30 METRES
https://www.newswire.ca/news-releases/vizsla-silver-extends-high-grade-mineralization-at-la-luisa-intercepts-4-227-g-t-ageq-over-2-30-metres-832100976.html
Vizsla Silver Corp. Mar 20, 2023, 08:00 ET
NYSE: VZLA TSX-V: VZLA
GR Silver Announces Significant Updated Mineral Resource Estimate for the Plomosas Project 97 Moz Indicated and 53 Moz Inferred - Silver Equivalent
https://www.newswire.ca/news-releases/gr-silver-announces-significant-updated-mineral-resource-estimate-for-the-plomosas-project-97-moz-indicated-and-53-moz-inferred-silver-equivalent-866074769.html
GR Silver Mining Ltd. Mar 20, 2023, 06:15 ET
VANCOUVER, BC, March 20, 2023 /CNW/ - GR Silver Mining Ltd. ("GR Silver Mining" or the "Company") (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE)
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