Category: featured_news

Marathon Gold Files 43-101 Technical Report for Updated Resources at the Valentine Lake Gold Camp:

1,846,500 ounces M&I at 1.88 g/t gold and 1,011,700 ounces Inferred at 1.66 g/t gold
MotherlodeTV
T.MOZ, Marathon Gold

Marathon Gold Corporation (“Marathon” or the “Company”) (MOZ:TSX) today announced that it has made the regulatory filing of the report entitled “Technical Report on the Mineral Resource Estimate of the Valentine Lake Project.”  The updated resource was announced on November 30, 2017 and completed under the direction of John T. Boyd Company. The company has also resumed drilling at the Valentine Lake Gold Camp. read more

MGX Minerals Increases Ownership in Cleantech Engineering Partner PurLucid Treatment Solutions; Low Cost Nanofiltration Lithium Extraction System Nearing Deployment

JayCurrie
CSE:XMG, MGX Minerals, lithium,

VANCOUVER, BRITISH COLUMBIA / TheNewswire / January 4, 2018 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to report the Company has increased its ownership in engineering partner PurLucid Treatment Solutions (“PurLucid”) from 34% to 46% by investment of C$1.45M. The Company maintains the right to acquire 100% of PurLucid through successive future investments. read more

Argentina Lithium Provides Update on Non-Brokered Private Placement

JayCurrie
Argentina Lithium, V.LIT

VANCOUVER, British Columbia, Jan. 03, 2018 (GLOBE NEWSWIRE) — Argentina Lithium & Energy Corp. (TSX-V:LIT) (FSE:OAY1) (WKN:A0RK7E) (OTC:PNXLF), “Argentina Lithium” or the “Company”) is pleased to provide an update with respect to the completion of its private placement (the “Private Placement”).  This Private Placement was announced November 21, 2017 and completion of the 1st Tranche was announced on December 21, 2017. The Company anticipates closing the 2nd and final Tranche during the week of January 15, 2018. read more

Rye Patch Gold Completes 2017 Principal Repayments on its Credit Facility

JayCurrie
V.RPM, Rye Patch Gold, gold, Nevada

VANCOUVER, Jan. 3, 2018 /CNW/ – Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) reports that in December, 2017, the Company completed its US$4.0 million principal repayment and paid US$609,000 in interest pursuant to its credit agreement with Macquarie Bank Limited. An aggregate of US$5.1 million in principal repayments was made in 2017, reducing the outstanding principal balance to US$21.8 million. The credit facility was used in the construction and re-start of the Company’s flagship Florida Canyon mine in Pershing County, Nevada. read more

3D Seismic Geophysics at Paradox Basin, Utah Petrolithium Project

JayCurrie
CSE:XMG, MGX Minerals, lithium,

January 2, 2018 – MGX Minerals Inc.(“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to announce that the site survey, in preparation for 3D seismic geophysics, at the Company’s Paradox Basin Petrolithium Project, has been completed. The site survey covers the Company’s Blueberry Unit within its Utah Petrolithium portfolio (the “Project”). The survey includes approximately 9,000 source points. The purpose of the geophysical survey is to outline subsurface geological formations and structures favorable for accumulations of oil and gas as well as lithium brine bearing formations. read more

Sierra Metals Significantly Increases Mineral Resource Estimate for Cusi Silver Mine, Mexico

JayCurrie
T.SMT, Sierra Metals
  • Total Measured and Indicated Resources increased 129% to 4,557,000 tonnes from 1,990,000 tonnes previously reported; and Total Inferred Resources increased 36% to 1,633,000 tonnes from 1,200,000 tonnes previously reported
  • Total Measured Mineral Resources for Cusi are 362,000 tonnes averaging 225g/t silver, 0.55% lead, 0.68% zinc, 0.13 g/t gold for a total 268 g/t Ag Eq
  • Total Indicated Mineral Resources for Cusi are 4,195,000 tonnes averaging 217 g/t silver, 0.64% lead, 0.66% zinc, 0.21 g/t gold and 267 g/t AgEq
  • Total Inferred Mineral Resources for Cusi are 1,633,000 tonnes averaging 158 g/t silver, 0.54% lead, 0.84% zinc, 0.16 g/t gold and 207 g/t AgEq
  • The updated Resource Estimate varies from the previous 2017 Technical Report due to a variety of factors, including the use of silver equivalent cut-off grade and depletion by production since the previous Report was completed
  • The updated Resource Estimate has incorporated new exploration drilling, sampling, and underground mapping information into the geologic interpretation and grade estimations providing more refined resource models in the areas of San Nicolas and Promontorio

TORONTO, Dec. 29, 2017 /CNW/ – Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) has updated its Mineral Resource Estimate at the Company’s Cusi Mine, located in Chihuahua State, Mexico. read more