Tuesday, May 24, 2016

IMPACT Silver Corp. - IPT.v

IMPACT Silver Corp. - IPT.v has two production centres on its 357-square-kilometer land package - the Guadalupe Production Centre in the north, and the Capire Production Centre in the south.

At Guadalupe, IMPACT's three underground silver mines feed a central 500-tpd processing plant.

On May 20, 2016 the company released News
IMPACT Silver Corp. ("IMPACT" or the "Corporation") is pleased to announce a brokered private placement (the "Private Placement") of a minimum of $3,000,000 worth of units (each a "Unit"), at a price of $0.57 per Unit (a minimum of 5,263,158 units). Each Unit consists of one common share and one-half of one warrant. Each whole warrant (each a "Warrant") entitles the holder to purchase one common share (each a "Share") per Warrant at a price of $0.90 per Share for a period of 36 months from the date of issuance.

The Corporation is pleased to announce that it has appointed a syndicate of agents led by M Partners Inc. ("M Partners") and including Clarus Securities Inc. to sell the Units by way of Private Placement. As per the terms of the appointment of the syndicate of agents, the Corporation will pay a commission of 7% on the value of Units issued on the Private Placement and issue to the agents Warrants equal to 7% of the number of Units issued on the Private Placement.

The net proceeds of the Offering will be used to fund the Corporation's continued exploration and development of its silver assets in Mexico, and for general working capital purposes.
See ----->http://angrygeologist.blogspot.ca/2016/05/san-ramon-saint-or-sinner.html


Saturday, May 14, 2016

Panoro Minerals Ltd. - PML.v

Panoro Minerals Ltd. - PML.v is advancing the flagship Cotabambas and Antilla projects in Peru

The company owns 13 copper and gold properties in the prolific Andahuaylas-Yauri copper-gold province in Southern Peru as well as one polymetallic project in the Northwest.
On May 2, 2016 the Company released News

"Panoro Minerals Ltd. (TSXV: PML, Lima: PML, Frankfurt: PZM) ("Panoro", the "Company") is pleased to announce that it has received the results of an independent Preliminary Economic Assessment ("PEA") of the Company's 100% owned Antilla project in Peru. The Antilla project is a copper-molybdenum porphyry deposit, located 140 km south west of the city of Cuzco, in the Apurimac region in Southern Peru.

  • Pre-tax NPV(7.5%) is US$ 491 million, IRR is 22.1% and payback is estimated at 3.3 years
  • After-tax NPV(7.5%) is US$ 225 million, IRR is 15.1% and payback is estimated at 4.1 years
  • Conventional open pit mining and flotation processing
  • Design throughput of 40,000 tonnes per day with an operational life of mine of 24 years
  • low waste to mill feed ratio of 0.85:1
  • Average annual payable copper of 81 million pounds
  • Average annual payable molybdenum of 1.9 million pounds
  • Average direct cash costs (C1) of US$1.83 per pound of payable copper, net of by product credits
  • Initial project capital costs of US$ 603 million, including contingencies
  • Good potential for discovery of additional mineralization adjacent to the current mineral resource area.
The PEA was prepared by SRK Consulting (Canada) Inc. ("SRK") and Moose Mountain Technical Services Ltd. ("MMTS") in accordance with the definitions in Canadian National Instrument 43-101. The PEA is based on a Mineral Resource estimate completed by Tetra Tech Inc. ("Tetra Tech") in December 2013, based on 2,919 metres of drilling from legacy campaigns (2003-5), 9,130 metres of drilling by Panoro (2008), and 2,242 metres of drilling during a joint venture agreement with Chancadora Centauro SA (CHC) in 2010. The Mineral Resource estimate includes primary and supergene sulphides, as well as oxide copper.

The PEA is considered preliminary in nature. It includes Inferred Mineral Resources that are considered too speculative to have the economic considerations applied that would enable classification as Mineral Reserves. There is no certainty that the conclusions within the PEA will be realized. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.


Wednesday, May 11, 2016

Starcore International Mines - SAM.t

Starcore International Mines - SAM.t is focused on the flagship San Martin gold and silver mine in Mexico. The mine has been in operation since 1993 and currently operates at 850tpd.

The mine is an underground epithermal deposit with gold quartz based limestone and has an average gold grade of 2.31 grams and 18 grams of silver.
On May 11, 2016 the Company released News

"Starcore International Mines Ltd. (the “Company”) announces that it has completed drill hole 31-79 in area 31 at its San Martin Mine in Queretaro, Mexico. This hole intercepted a zone of limestone breccia followed by manto mineralization. High grade manto mineralization with visible gold was recovered between 48.65 and 58.9 meters. The weighted average grade of this 10.25 meter wide intercept is 65.17 g/t gold with 128.26 g/t silver. Prior to the high grade intercept the limestone breccia contained elevated silver values over 10 meters including a 2 meter section grading 1.60 g/t Au and 105 g/t Ag between 42.25 and 44.25 meters.
The intercept is within 15 meters of existing workings. Mining crews are expected to arrive at this drill hole intercept some time this week in order to evaluate the dimensions of the mineralization.
Drill core is assayed on site in a laboratory that successfully reconciles doré and plant samples. Assay values within the intercept have not been cut. Within this intersection, 7 of the 13 samples graded over 25 grams per tonne gold and numerous pieces of core were seen to contain visible gold. The manto mineralization at San Martin has produced samples of this grade in the past.
“This is the best drill hole in our history at the mine”, said Robert Eadie, President and CEO of Starcore.
The Company also reports production results at the San Martin Mine for the fiscal 2016 third quarter, ending April 30, 2016.
During Q3, a total of 74,070 tonnes were milled at an average grade of 1.66 g/t gold and 13 g/t silver resulting in the production of 3,476 gold equivalent ounces. Mill recoveries averaged 83.5% for gold and 46.9% for silver. Equivalent gold ounce calculation is based on the average gold:silver ratio of 79:1 during the quarter.


Saturday, May 7, 2016

Ur-Energy Inc. - URE.t

Ur-Energy Inc. - URE.t operates the Lost Creek in-situ recovery (ISR) uranium facility in south-central Wyoming.

The Lost Creek processing facility has a two million pounds per year nameplate capacity.

On May 6, 2016 the company released News

"Ur-Energy Inc. (NYSE MKT:URG TSX:URE,)  (“Ur-Energy” or the “Company”) has filed the Company’s Form 10-Q for the quarter ended March 31, 2016, with the U.S. Securities and Exchange Commission at www.sec.gov/edgar.shtml and with Canadian securities authorities on SEDAR at www.sedar.com

Chairman of the Company, Jeff Klenda noted “Our program of term-priced contracts, which are in place through the end of the decade, is serving us extremely well in the current challenging market environment. Our Board of Directors is to be commended for its foresight and commitment to safeguard the Company and its shareholders with these contracts.  Also key in this market, Lost Creek operations continue to be reliable, at industry-leading costs of production.

Lost Creek Uranium Production and Sales
During the three months ended March 31, 2016, 159,331 pounds of U3O8 were captured within the Lost Creek plant. 173,844 pounds were packaged in drums and 182,150 pounds of the drummed inventory were shipped to the conversion facility. We sold 75,000 pounds of U3O8 during the quarter. Inventory, production and sales figures for the Lost Creek Project are presented in the following tables.