SilverCrest Metals Inc. (TSXV: SIL.V; NYSE: SILV) is a Canadian precious metals exploration company headquartered in Vancouver, BC , that is focused on new discoveries, value-added acquisitions and targeting production in Mexico's historic precious metal districts. The Company is led by a proven management team in all aspects of the precious metal mining sector, including the pioneering of a responsible "phased approach" business model taking projects from discovery, finance, on time and on budget construction, and production with subsequent increased value to shareholders.
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VANCOUVER, British Columbia, Sept. 20, 2018 (GLOBE NEWSWIRE) -- Dajin Resources Corp. (“Dajin”) (TSX-V: DJI) (OTC: DJIFF) (Germany: C2U1) is pleased to report that the Phase two near-surface exploration program on the San José – Navidad minas located on the Salinas Grandes salar in the province of Jujuy, Argentina, has been completed. This Phase consisted of drilling and sampling seven holes. The Lithium brine samples taken have been forwarded to Alex Stewart Argentina (ASA) laboratories in Jujuy, Argentina. In addition to the brine samples, seven core samples for relative brine release measurements were taken and have been sent to Daniel B Stephens & Associates laboratories in Albuquerque, New Mexico, USA. The highly prospective San José – Navidad minas are part of a 93,000 hectares (230,000 acres) land package controlled by Dajin and being explored by LSC Lithium Corporation (“LSC”). To fulfill the terms of an earn-in agreement (51%) LSC must complete CDN$2,000,000 in exploration expenditures. LSC is the operator of the project.
Dajin’s Phase one surface exploration program consisted of 25 shallow brine auger samples covering an area of 550 hectares (5.5 km2) in the northwestern corner of the 4,300 hectare (43 km2) San Jose/Navidad mina. Brine concentrations ranged from 281 mg/l to 1,353 mg/l, averaging 591 mg/l Lithium. Click here to see Geochemical Map
Dajin Resources S.A. and LSC Lithium Corporation control most of the Salinas Grandes salar.
The San José – Navidad minas have not been explored previously for Lithium bearing brines, but results from earlier exploration programs in adjacent parts of the salar reported Lithium brine sampling from 1 meter-deep pits. The seven closest pit samples, taken between 0 to 200 meters from both the north and west sides of the mina yielded Lithium concentrations that ranged from 279 mg/l to 987 mg/l, averaging 551 mg/l. Pit samples taken within 1 km of the property boundary assayed up to 1,122 mg/l Lithium. The highest reported assay value in Salinas Grandes salar exceeded 3,000 mg/l Lithium.
Exploration Methodology Used
The seven sample points were pre-planned on a 1,000m grid, located in the field with a hand-held GPS unit. At each sample site a Vibracore drill machine was used to extract HQ diameter cores to an average depth of 7.8 m. Thereafter, a bailer was used to extract brines from the lithological units. The bailed brine was then decanted into three sterilized plastic litre size bottles and sealed without any air being trapped in the bottle. Thereafter, the samples were delivered to the laboratory for analyses.
Sampling and QA/QC
Brine sampling involved collection of brines from the drill holes by a bailer and decanted into an approximately 13.5 litre bucket, which was flushed with fresh brine several times prior to collection of the sample. Brine was poured into 1-litre sample bottles which had been previously flushed with fresh brine from the bucket several times. Sample bottles were filled to the top to eliminate the inclusion of air and sealed with a leak-proof lid. Samples were labelled and labels covered with clear tape to prevent erasure of sample information. All samples remained in the possession of the site geologist until delivery to Alex Stewart Laboratory (ASA) in Jujuy, Argentina.
The technical information in this press release has been prepared in accordance with the Canadian regulatory requirements of National Instrument 43-101 and has been reviewed and approved on behalf of Dajin Resources Corp. by Dajin Directors, Dr. Catherine Hickson, P. Geo and Dr. Mark Coolbaugh, CPG, the Qualified Persons.
About Dajin: (www.dajin.ca)
Dajin, is an early stage Lithium exploration company. Through its interest in Dajin Resources S.A. (“Dajin S.A.”), it holds concessions or concession applications in Jujuy Province, Argentina that were acquired in regions known to contain brines with Lithium, Potassium, and Boron values. These concessions exceed 93,000 hectares (230,000 acres) and are primarily located in the Salinas Grandes and Guayatayoc salt lake basins. Dajin S.A. is partnered with LSC Lithium Corporation who has agreed to spend $2,000,000 to earn a 51% interest in Dajin S.A.’s Lithium properties while building a significant presence in Argentina.
Dajin also holds a 100% interest in 403 placer claims covering 7,914 acres (3,202 hectares) in the Teels Marsh valley of Mineral County, Nevada. These claims are known to contain Lithium and Boron values and are adjacent to the birth place of US Borax Corp’s first borax mine. Dajin also holds a 100% interest in placer claims in the Alkali Lake valley of Esmeralda County, Nevada, located 7 miles (11 kilometers) northeast of Albemarle’s Silver Peak Lithium brine operation in Clayton Valley.
ON BEHALF OF DAJIN’S BOARD OF DIRECTORS
Brian Findlay For further information please contact Dajin:
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
VANCOUVER, British Columbia, Sept. 20, 2018 (GLOBE NEWSWIRE) -- Radius Gold Inc. (TSX-V: RDU) is pleased to announce that two drill rigs have arrived at the Amalia property and drilling has commenced at Radius’s high-grade gold-silver Amalia Project located in Chihuahua, Mexico. The drill program is operated by Radius and funded by Pan American Silver, under a joint venture agreement. Radius plans to drill test several high-grade gold and silver epithermal targets at Amalia in the coming months.
The 9450 hectare Amalia Project is located 25 km SW of the historic Guadalupe y Calvo mining district in Chihuahua. Radius geologists discovered high grade epithermal silver-gold mineralization in several veins, vein breccias and disseminated zones over 3.5km of strike length and a 600m vertical interval following the trace of a large regional fault zone. An agreement to explore Amalia Project with Pan American Silver Corp. was announced 30th July 2018. Radius and Pan American Silver plan to drill test multiple targets, including Campamento, Guadalupe and Dulces.
Amalia Drill Targets
An initial 2000m diamond core drill program at Amalia is planned to test a minimum of three targets:
Geologically similar gold-silver epithermal deposits of the Sierra Madre belt have mineralization defined over a vertical interval of 600 to 700m. The transition from upper rhyolite hosted mineralization into higher grade andesite host at depth is commonly observed. Radius and Pan American’s drilling will target high grade mineralization at depth below the Campamento silica zone and at the Guadalupe and Dulces targets (Figure 1).
The Pan American Agreement
Radius has granted to Pan American Silver Corp. the option to earn up to an initial 65% interest in the Amalia Project by making cash payments to Radius totaling US$1.5 million (of which US$100,000 has been received) and expending US$2 million on exploration over four years. Pan American may earn an additional 10% by advancing the property to preliminary feasibility. Initially Radius will be the project operator.
Bruce Smith, M.Sc. (Geology), a member of the Australian Institute of Geoscientists, is Radius’s Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Smith participated in the reported programs and prepared and approved the technical information contained in this news release.
Radius Gold Inc.
Radius has a portfolio of projects located primarily in the United States and Mexico which it continues to advance, utilizing partnerships where appropriate in order to retain the Company’s strong treasury. At the same time, management is seeking out additional investment and project acquisition opportunities across the globe.
ON BEHALF OF THE BOARD
Contact: Simon Ridgway
Tel: 604-801-5432; Toll free 1-888-627-9378; Fax: 604-662-8829
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward-looking statements which include, without limitation, statements about the possible acquisition by Pan American of an interest in the Amalia Project; the exploration plans for the Amalia Project; the Company’s business strategy, plans and outlook; the merit of the Company’s investments and properties; timelines; the future financial performance of the Company; expenditures; approvals and other matters. Often, but not always, these forward looking statements can be identified by the use of words such as “estimate”, “estimates”, “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “upgraded”, “offset”, “limited”, “contained”, “reflecting”, “containing”, “remaining”, “to be”, “periodically”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.
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 be materially different from any results, performance or achievements expressed or implied by forward-looking statements. Such uncertainties and factors include, among others, the possible acquisition by Pan American of an interest in the Amalia Project; the plans for exploring the Amalia Project; changes in general economic conditions and financial markets; the Company or any joint venture partner not having the financial ability to meet its exploration and development goals; risks associated with the results of exploration and development activities, estimation of mineral resources and the geology, grade and continuity of mineral deposits; unanticipated costs and expenses; and such other risks detailed from time to time in the Company’s quarterly and annual filings with securities regulators and available under the Company’s profile on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to: that Pan American will acquire an interest in the Amalia Project; that the exploration activities at the Amalia Project will proceed as planned; that the Company’s activities will be in accordance with its public statements and stated goals; that all required approvals will be obtained; that there will be no material adverse change affecting the Company or its investments or properties; and such other assumptions as set out herein. Forward-looking statements are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking statements.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/02433323-ac83-4ba4-90b7-b65928da6b3f
Regulated Information - Inside Information
20 September 2018 at 18:00 CEST
Nyrstar NV ("Nyrstar" or the "Company") announces today that a preliminary review of the draft unaudited management financial information of the Company indicates that, on the basis of current market conditions, the Company is likely to record an Underlying EBITDA result for H2 2018 which is materially below that achieved in H1 2018. The Company's Q3 2018 earnings have to date been negatively impacted by external market conditions, primarily zinc prices, compounded by historically low zinc treatment charges. The current zinc price has fallen by approximately 25% compared to the H1 2018 average of USD 3,268 per tonne.
Full year 2018 guidance for production and capex remains unchanged and, on the basis of current market conditions, the Company reiterates its guidance for positive full year 2018 Free Cash Flow. The Company's main working capital facilities are committed and support a strong liquidity pool which is expected to be in the range of EUR 620 to 650 million at the end of this month.
The outlook for the Company in 2019 will benefit from the ongoing ramp-up of the Port Pirie Redevelopment, the ramp-up of the Myra Falls mine, which achieved first concentrate production this quarter and is expected to make its first concentrate shipment in Q4 2018, and the hedge of 166kt of zinc for Nyrstar's mining operations that has been put in place at a price of approximately USD 3,000 per tonne. Spot zinc treatment charges, driven by the zinc concentrate market becoming better supplied, have increased notably in China over the past two quarters. This is expected to result in higher realised treatment charges for the Company in 2019 compared to 2018.
Nyrstar releases its Second 2018 Interim Management Statement at 7:00am Central European time, on Tuesday 30 October 2018.
For further information contact:
The full press release can be downloaded from the following link:
TORONTO, Sept. 20, 2018 (GLOBE NEWSWIRE) -- GrowMax Resources Corp. (“GrowMax”) (TSX-V: GRO) is pleased to announce that Glass, Lewis & Co. (“Glass Lewis”), a leading independent proxy advisory firm, has recommended that GrowMax shareholders vote “FOR” all of management’s director nominees at the Company’s annual and special meeting of shareholders (the “Meeting”) on September 25, 2018.
In reaching its recommendation, Glass Lewis stated the following:
“Having evaluated the arguments lodged by the Dissident and the incumbent board’s response, we do not believe the Dissident has presented a credible and convincing case in favor of board representation.”
“The Dissident is a relatively new shareholder of the Company and is seeking to control the board but has not, in our view, articulated a clear strategy for the Company.”
“We are concerned the Dissident may be attempting to gain control of the Company’s cash balance for self-serving purposes.”
“The Dissident’s recent announcement that its nominees would seek to declare a divided of C$0.075 per share appears to conflict with the Dissident’s prior plan and does little to boost the credibility of the Dissident’s campaign.”
Glass Lewis' recommendation follows last week's report from Institutional Shareholder Services Inc. (“ISS”), which also recommended that shareholders vote in favour of management’s nominees. ISS also urged shareholders to vote “FOR” the PrimaSea acquisition, noting that the “proposed agreement makes strategic sense.”
“We’d like to thank all shareholders for their support to date. This support, along with the recommendations of the leading independent proxy advisors, is a validation of the experience and qualifications of our nominees and their stewardship of the interests of our shareholders,” said GrowMax President and CEO Stephen Keith. “As the voting deadline nears, I encourage you to vote today to save your investment from a ‘self-serving’ dissident that has not presented a credible or convincing case to earn your trust. I encourage you to vote “FOR” all of management’s nominees and “FOR” the transformative and value-enhancing PrimaSea acquisition, which has widespread support from shareholders, has been confirmed as fair by GrowMax’s financial advisor and recommended by ISS.”
VOTE TODAY TO SAVE YOUR INVESTMENT IN GROWMAX
Shareholders are reminded that the deadline to vote is fast approaching. Shareholders must submit their votes by 10:00 a.m. (Calgary time), being 12:00 p.m. (Toronto time), Friday, September 21, 2018.
Shareholders are encouraged to vote only their BLUE Proxy “FOR” the PrimaSea acquisition and “FOR” all of management’s qualified and experienced director nominees.
Shareholders are asked to vote online at www.proxyvote.com to ensure votes are received in a timely manner. If you have already voted using another proxy, you may vote again on the BLUE Proxy. The later dated BLUE Proxy will count as it supersedes any previously given proxy.
For more information, please contact:
About GrowMax Resources Corp.
GrowMax Resources Corp. is a publicly listed Canadian company holding exploration assets bearing phosphate and potassium-rich brine resources on its Bayovar Property, which is located in the Sechura Desert in northwestern Peru.
GrowMax has been focusing its efforts on leveraging its existing balance sheet to consolidate junior fertilizer assets in Latin America, targeting projects with favorable margins and generating cash flow. The Company’s vision is to become a prominent player in the Latin American fertilizer industry.
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.
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
TORONTO, Sept. 20, 2018 (GLOBE NEWSWIRE) -- TMAC Resources Inc. (TSX:TMR) (“TMAC” or the “Company”) announces today that it has sized its approximate C$23.6 million public offering (the “Public Offering”), which consists of 2,024,000 common shares (“Common Shares”) at a price of C$4.25 per Common Share for gross proceeds of C$8,602,000, 1,565,200 charitable flow-through shares (“Charitable FT Shares”) at a price of C$5.75 per Charitable FT Share for gross proceeds of C$8,999,900, and 1,225,000 traditional flow-through shares (“Traditional FT Shares”) at a price of C$4.90 per Traditional FT Share for gross proceeds of C$6,002,500. The Public Offering will be conducted through a syndicate of underwriters led by BMO Capital Markets and CIBC Capital Markets. The Public Offering is expected to close on or about October 3, 2018 and is subject to TMAC receiving all necessary regulatory approvals.
Certain members of the Board and management of TMAC will be participating in the Public Offering for approximately C$4,700,000 of the Public Offering, and their commitment, together with the Private Placement is expected to represent approximately 80% of the shares issued under the financing tranches.
Concurrent with the Public Offering, certain limited partners of Resource Capital Fund VI L.P. (the “RCF LPs”), Newmont Mining Corporation and BlackRock Investment Management (UK) Limited will complete a non-brokered private placement (the “Private Placement”) at the Common Share Offering Price pursuant to which they will acquire in aggregate approximately C$66.4 million of Common Shares, which consists of 6,696,800 Common Shares (C$28.5 million), 5,860,833 Common Shares (C$24.9 million), and 3,065,617 Common Shares (C$13.0 million), respectively. The Private Placement is expected to close concurrently with the Public Offering. At closing, RCF VI CAF LLC will enter into a voting agreement with respect to the Common Shares purchased by the RCF LPs that will provide voting control over such shares to Resource Capital.
The net proceeds of the Public Offering and the Private Placement will be used as follows: C$57 million for debt repayment, C$15 million for exploration and C$16 million for capital expenditures. The capital expenditures will consist of C$8 million for plant improvements, C$6 million for underground equipment and C$2 million for materials to construct a fifth diesel tank at Roberts Bay.
The gross proceeds from the sale of the flow‐through common shares will be used for expenditures which qualify as Canadian exploration expenses (“CEE”) (within the meaning of the Income Tax Act (Canada)), including diamond drilling on the Company's Madrid and Boston deposits, as well as diamond drilling and exploration activities regionally to continue to advance TMAC’s understanding of the Hope Bay region for longer range strategic exploration targeting purposes. The Company will renounce such CEE with an effective date of no later than December 31, 2018.
The Public Offering will be offered by way of a short form prospectus in all of the provinces and territories of Canada, except Québec, and the Common Shares may also be offered by way of private placement in the United States.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
This release contains "forward‐looking information” within the meaning of applicable securities laws that is intended to be covered by the safe harbours created by those laws. “Forward‐looking information” includes statements that use forward‐looking terminology such as “may”, “will”, “expect”, “anticipate”, “believe”, “continue”, “potential” or the negative thereof or other variations thereof or comparable terminology. Such forward‐looking information includes, without limitation, statements with respect to the Private Placement and the Public Offering, the closing date of the financing tranches, the timing for bringing Madrid and Boston into production and the throughput and recoveries ramp up at Doris throughout 2018.
Forward‐looking information is not a guarantee of future performance and management bases forward-looking statements on a number of estimates and assumptions at the date the statements are made. Furthermore, such forward‐looking information involves a variety of known and unknown risks, uncertainties and other factors, which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any plans, intentions, activities, results, performance or achievements expressed or implied by such forward‐looking information. See “Risk Factors” in the Company’s Annual Information Form dated February 22, 2018 filed on SEDAR at www.sedar.com for a discussion of these risks.
TMAC Resources Inc.
Renmark Financial Communications Inc.
Daniel Gordon: firstname.lastname@example.org
SOURCE TMAC Resources Inc.
Investorideas.com talks metals and mining with David Stein of Aerecura
Aerecura Capital Corp Discusses the Mining Sector and Alternative Financing Options for Juniors
"2016 was an oasis year in what has been a long desert for financing junior miners" - David Stein, MSc., CFA
37 Capital Inc. (CSE:JJJ) - Formerly High 5 Ventures Inc. - s a mineral exploration company. The Company is engaged primarily in the identification, acquisition, exploration and, if warranted, the development of natural resource properties.
49 North Resources Inc. (TSX:FNR.V) is a Saskatchewan focused resource investment company with strategic operations in financial, managerial and geological advisory services and merchant banking. Our diversified portfolio of assets includes direct project involvement in the resource sector, as well as investments in shares and other securities of junior and intermediate mineral and oil and gas exploration companies.
A-Cap Resources (ASX:ACB.AX) is a resources company operating in the investment friendly and low sovereign risk country of Botswana in Southern Africa, where it holds over 12,000km2 of licenses. The company is well funded with strong support from major shareholders, and is focused on advancing its significant uranium prospect
Abacus Mining & Exploration (TSX:AME.V) is a mineral exploration and mine development company with a 20% interest in the Ajax Project located at the historic Ajax-Afton site southwest of Kamloops, B.C. The Ajax Project is a proposed copper-gold open-pit mine currently in the submission stage of a provincial and federal environmental assessment process. Through KGHM Ajax Mining Inc., a joint venture company between Abacus (20%) and KGHM Polska Miedz S.A. (KGHM) (80%), the mine is being funded in large part by KGHM and operated by its wholly-owned subsidiary, KGHM International Ltd.
Abcourt Mines (TSX:ABI.V; OTC:ABMBF) is an exploration and development company with strategically located properties in northwestern Quebec, Canada. The Elder property has gold resources, the Abcourt-Barvue Project has silver-zinc ore reserves and resources and the Aldermac property has historical copper-zinc resources. The reported reserves and resources are considered as current mineral reserves and resources. Abcourt is now focused on the Elder and Abcourt-Barvue projects with Elder as the first priority. Reserves and resources are current.
Aberdeen International (TSX:AAB.TO; OTC:AABVF) is a private equity investor and advisor focusing on the global mining and natural resources industry. African Thunder Platinum, Aberdeen's premiere investment, is a lower-cost platinum group metals producer in South Africa's well known Bushveld Complex. Aberdeen will further enhance its mineral investment holdings with the acquisition of the lucrative Diablillos lithium project in Argentina.
Abitex Resources Inc. (TSX:ABE.V) is a Val-d'Or, Quebec, based exploration company focused on acquiring and advancing mineral properties in Quebec. ABE is focused on Uranium-Gold in Quebec's Otish Mountains but also has other assets such as the Jolin gold property near Val-d'Or and the St-Stephen Ni-Cu property in new Brunswick which both host historical resources.
ABM Resources Ltd (ASX:ABU.AX) is developing several gold discoveries in the Central Desert region of the Northern Territory of Australia. The Company has a multi-tiered approach to exploration and development with a combination of high-grade production scenarios such as the Old Pirate High-Grade Gold Project, large scale discoveries such as Buccaneer, and regional exploration discoveries such as the Hyperion Gold Project. In addition, ABM is committed to regional exploration programs throughout its extensive holdings including the alliance with Independence Group NL at the regional Lake Mackay Project.
Adamera Minerals Corp. (TSX:ADZ.V) is exploring for high-grade gold deposits within hauling distance of the operating Kettle River Mill in Northeastern Washington State. The company's strategy is to fast-track the discovery to production process by exploring close to a mill in need of ore. Adamera is exploring several projects with a goal to become the dominant mining/exploration company in the area through discovery.