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Proven Probable
Uranium Energy Corp Announces New and Consolidated NI 43-101 Mineral Resources* at the Reno Creek ISR Project, Wyoming
- New and expanded M&I mineral resources rank the Project as the largest permitted, pre-construction in-situ recovery (“ISR”) uranium project in the U.S.
- First time that the major mineralized trends of the Reno Creek ISR Project have been consolidated within the Eastern Pumpkin Buttes District of the Powder River Basin.
- Considerable ISR exploration and expansion potential within open mineralized trends based on available historical drilling.
- Added resources benefit from existing production permits in place.
Corpus Christi, TX, January 15, 2019 – Uranium Energy Corp (NYSE American: UEC, the “Company” or “UEC”) is pleased to announce the Company has completed an updated National Instrument 43-101 Standards of Disclosure for Mineral Properties (“NI 43-101”) resource estimate for its Reno Creek ISR Project (“Reno Creek” or the “Project”).
The Project is in the Powder River Basin, Wyoming, and now includes the consolidation and inclusion of the former North Reno Creek project (“North Reno Creek”) into the Company’s Reno Creek Project. * The report is entitled “Technical Report and Audit of Resources of the Reno Creek ISR Project, Campbell County, Wyoming, USA” dated December 31, 2018 as prepared for the Company by Behre Dolbear, an internationally recognized mining consulting firm (the “Report”).
The Report estimates a Measured and Indicated (“M&I”) mineral resource of 26 million pounds of uranium (“U3O8”) at a weighted average grade of 0.041% U3O8contained within 32 million tons, and an Inferred mineral resource of 1.49 million pounds U3O8at a weighted average grade of 0.039% U 3O8contained within 1.92 million tons. *
Amir Adnani, President and CEO, stated, “For decades, the Reno Creek uranium district has been unable to reach its full potential due to fractured ownership. Through a string of accretive acquisitions over the past 24 months, UEC has successfully consolidated the key project areas, clearing the path for this substantial new resource, with the benefit of being covered under our existing production permit. We’re executing on contrarian acquisitions during difficult years in the uranium market and have amassed a production profile of low-cost and fully permitted ISR projects. Combining Reno Creek with the Company’s South Texas ISR projects, positions UEC to lead a renaissance in U.S. uranium production via the ISR mining method, which is globally recognized for being low cost and environmentally friendly.”
The Company completed the acquisition of the North Reno Creek project in May 2018 (press release dated May 3, 2018), and since that time has been focused on updating resources, consolidating permits, merging databases and locating all Project related information into a newly opened office in Glenrock, Wyoming, near the Project.
The Company contracted Behre Dolbear, an internationally recognized mining consulting firm, to complete the Report on the Project. The Report will be filed on SEDAR within 45 days of the date of this press release. Henceforth, Reno Creek and North Reno Creek will be considered as one project in terms of resource reporting, permitting and pre-production planning. The M&I resource estimate for the Project is presented in Table 1: *
Please click this link for the full release: http://www.uraniumenergy.com/news/releases/index.php?content_id=727
TORONTO , Jan. 15, 2019 /CNW/ – Excellon Resources Inc. (TSX:EXN and OTC:EXLLF) (“Excellon” or the “Company”) is pleased to announce fourth quarter and annual 2018 production results from the Platosa Mine in Durango, Mexico .
Highlights
- 2018 Production (compared to 2017)
- Q4 2018 Production (compared to Q4 2017)
“We realized strong improvements in production in Q4 over Q3 2018, though December scheduling and lower base metal prices impacted silver equivalent production,” stated Brendan Cahill , President and CEO. “Overall, 2018 was a strong year, with record tonnage processed at our Miguel Auza facility and Platosa optimization efforts continuing to pay off. We continue to identify and pursue opportunities to increase metal production and remain focused on increasing daily tonnage while maintaining improved ore grades.”
Production Results
|
Q4 2018 |
Q4 2017 |
2018 |
2017 |
|
|
Tonnes Mined |
16,570 |
16,114 |
57,475 |
57,165 |
|
Ore processed (t) |
16,132 |
15,203 |
56,874 |
54,425 |
|
Historical stockpile processed (t) |
5,209 |
2,775 |
24,130 |
9,316 |
|
Tonnes Milled |
21,341 |
17,978 |
81,004 |
63,742 |
|
Ore grades |
||||
|
Silver (g/t) |
556 |
467 |
488 |
429 |
|
Lead (%) |
4.90 |
4.19 |
4.87 |
4.12 |
|
Zinc (%) |
6.07 |
6.49 |
6.90 |
5.92 |
|
Historical stockpile grades |
||||
|
Silver (g/t) |
152 |
191 |
163 |
181 |
|
Lead (%) |
1.49 |
1.72 |
1.55 |
1.55 |
|
Zinc (%) |
1.57 |
2.09 |
1.95 |
1.69 |
|
Blended head grades |
||||
|
Silver (g/t) |
458 |
424 |
391 |
393 |
|
Lead (%) |
4.07 |
3.81 |
3.88 |
3.75 |
|
Zinc (%) |
4.97 |
5.81 |
5.42 |
5.30 |
|
Recoveries |
||||
|
Silver (%) |
89.7 |
90.3 |
89.2 |
89.3 |
|
Lead (%) |
81.2 |
80.0 |
79.4 |
80.9 |
|
Zinc (%) |
79.4 |
82.2 |
80.8 |
81.4 |
|
Metal Production* |
||||
|
Silver (oz) |
274,324 |
223,349 |
917,714 |
718,460 |
|
Lead (lb) |
1,498,851 |
1,198,286 |
5,446,218 |
4,241,225 |
|
Zinc (lb) |
1,824,406 |
1,897,894 |
7,894,186 |
6,059,922 |
|
AgEq (oz)** |
509,043 |
475,007 |
1,929,092 |
1,470,650 |
|
Average Realized Prices |
||||
|
Silver |
$14.74 |
$16.32 |
$15.62 |
$16.89 |
|
Lead |
$0.89 |
$1.14 |
$1.01 |
$1.08 |
|
Zinc |
$1.17 |
$1.45 |
$1.34 |
$1.34 |
|
* |
Subject to adjustment following settlement with concentrate purchaser. |
|
** |
AgEq ounces established using average realized metal prices during the period indicated |
Production during Q4 2018 improved over Q3 2018 and Q4 2017 as multiple ore faces were accessed in the Rodilla, 623, Guadalupe South and Pierna mantos with higher grades and recoveries realized. With ongoing access to multiple ore faces, production is expected to improve further as development progresses toward the next production horizon in level 924.
The Company expects to release fourth quarter financial results at market open on March 20, 2019 .
Qualified Persons
Denis Flood , P. Eng., Vice President Technical Services, has acted as the Qualified Person, as defined in NI 43-101, with respect to the disclosure of the scientific and technical information relating to production results contained in this press release.
About Excellon
Excellon’s 100%-owned Platosa Mine has been Mexico’s highest-grade silver mine since production commenced in 2005. The Company is focused on optimizing Platosa’s cost and production profile, discovering further high-grade silver and carbonate replacement deposit (CRD) mineralization on the 21,000 hectare Platosa Project and epithermal silver mineralization on the 100%-owned 45,000 hectare Evolución Property, and capitalizing on current market conditions by acquiring undervalued projects in the Americas.
Additional details on the La Platosa Mine and the rest of Excellon’s exploration properties are available at http://www.excellonresources.com/.
Forward-Looking Statements
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this Press Release, which has been prepared by management. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including potential property acquisitions, the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/reserves, geological interpretations, proposed production rates, potential mineral recovery processes and rates, business and financing plans, business trends and future operating revenues. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. 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. 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, variations in the nature, quality and quantity of any mineral deposits that may be located, significant downward variations in the market price of any minerals produced, the Company’s inability to obtain any necessary permits, consents or authorizations required for its activities, 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. All of the Company’s 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, and particularly the September 7, 2018 NI 43-101 technical report prepared by SRK Consulting ( Canada ) Inc. with respect to the Platosa Property. This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.
SOURCE Excellon Resources Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2019/15/c2644.html
VANCOUVER , Jan. 15, 2019 /CNW/ – Mirasol Resources Ltd. (TSX-V: MRZ) (OTCPK: MRZLF) (the “Company” or “Mirasol“) is pleased to report that Norman Pitcher , P.Geo., has been appointed President and CEO of the Company effective February 1, 2019 . Mr. Pitcher will succeed Stephen Nano , who has led the Company as President and CEO since the spring of 2014. Mr. Nano will continue to serve as a director of Mirasol and as an advisor to the Company.
Mr. Pitcher has over 30 years of experience in the mining industry and recently served as the President of Eldorado Gold Corporation from July 2012 until December 2015 , prior to which he served as Chief Operating Officer of Eldorado from July 2005 to July 2012 . Throughout his career with Eldorado , Pan American Silver, H.A. Simons, Ivanhoe Gold and Pioneer Metals, he was involved in exploration, evaluation and exploitation of open pit and underground mineral deposits on a world-wide basis. Mr. Pitcher is a Professional Geologist and holds a B.Sc. in Geosciences from the University of Arizona . Mr. Pitcher is currently a non-executive director of Roxgold Inc. and Allegiant Gold.
Dana Prince , the Chairman of the Company, stated: “On behalf of the Board and management of the Company, we welcome Norman to Mirasol. We are confident that his experience as a seasoned and successful international mining executive will hasten Mirasol’s further success as it enters its next stage of development.”
Mr. Nano is a founder of Mirasol, serving the Company since its inception in 2003, where he has played an integral role in its development, initially as Vice President of Exploration and over the last four and a half years as President, CEO and Director.
Mr. Prince stated: “On behalf of the Board and the entire Company, we thank Stephen for his exceptional service as President and CEO and for his contributions and leadership which have helped place the Company in a very strong position for its next stage of development.”
About Mirasol Resources Ltd
Mirasol is a premier project generation company that is focused on the discovery and development of profitable precious metal and copper deposits, operating via a hybrid joint venture and self-funded drilling business model. Strategic joint ventures with precious metal producers have enabled Mirasol to maintain a tight share structure while advancing its priority projects that are focused in high-potential regions in Chile and Argentina. Mirasol employs an integrated generative and on-ground exploration approach, combining leading-edge technologies and experienced exploration geoscientists to maximize the potential for discovery. Mirasol is in a strong financial position and has a significant portfolio of exploration projects located within the Tertiary Age Mineral belts of Chile and the Jurassic age Au+Ag district of Santa Cruz Province Argentina .
Forward Looking Statements: The information in this news release contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements. Mirasol disclaims any obligations to update or revise any forward looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable law.
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 Mirasol Resources Ltd.
View original content: http://www.newswire.ca/en/releases/archive/January2019/15/c1437.html
Vancouver, British Columbia–(Newsfile Corp. – January 14, 2019) – Group Ten Metals (TSXV: PGE) would like to cordially invite you to visit us at Booth #322 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday January 20 – Monday January 21, 2019.
The Vancouver Resource Investment Conference has been the bellwether of the junior mining market for the last twenty-five years. It is the number one source of information for investment trends and ideas, covering all aspects of the natural resource industry.
Each year, the VRIC hosts over 60 keynote speakers, 350 exhibiting companies and 9000 investors.
Investment thought leaders and wealth influencers provide our audiences with valuable insights. C-suite company executives covering every corner of the mineral exploration sector as well as metals, oil & gas, renewable energy, media and financial services companies are available to speak one on one. This is a must-attend for investors and stakeholders in the global mining industry.
For more information and/or to register for the conference please visit: https://cambridgehouse.com/vancouver-resource-investment-conference
We look forward to seeing you there.
For further information:
Group Ten Metals
Chris Ackerman
604 357 4790
cackerman@grouptenmetals.com
www.grouptenmetals.com
Vancouver, British Columbia–(Newsfile Corp. – January 14, 2019) – Metallic Minerals Corp (TSXV: MMG) would like to cordially invite you to visit us at Booth #322 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday January 20 – Monday January 21, 2019.
The Vancouver Resource Investment Conference has been the bellwether of the junior mining market for the last twenty-five years. It is the number one source of information for investment trends and ideas, covering all aspects of the natural resource industry.
Each year, the VRIC hosts over 60 keynote speakers, 350 exhibiting companies and 9000 investors.
Investment thought leaders and wealth influencers provide our audiences with valuable insights. C-suite company executives covering every corner of the mineral exploration sector as well as metals, oil & gas, renewable energy, media and financial services companies are available to speak one on one. This is a must-attend for investors and stakeholders in the global mining industry.
For more information and/or to register for the conference please visit: https://cambridgehouse.com/vancouver-resource-investment-conference
We look forward to seeing you there.
For further information:
Metallic Minerals Corp
Chris Ackerman
6046297800
chris.ackerman@metallic-minerals.com
www.metallic-minerals.com
Will The Next Silver Rally Exceed The 2011 Highs
Written by Chris Marcus of Miles Franklin
While many are beginning to realize that the gold and silver markets have indeed been manipulated, it’s interesting to consider what might happen when that manipulation is resolved.
Because while the wait has been frustrating for many, that’s not to say it will not end without due reward. Especially when you think back about what actually happened in 2011, and consider some of the dynamics involved.
When silver was soaring in April of 2011 and reached $49 per ounce, there was some attention being paid by the market. CNBC added gold and silver to its bottom of the screen ticker, and even some in the mainstream were at least temporarily aware of what was happening with the metals pricing.
Yet in a recent conversation with friend who’s also a silver investor, something occurred to me that I’ve not heard anyone comment on. In particular, how even when the prices were moving, I wonder how many people actually owned gold or silver.
Keep in mind that for a bubble to form, the generally agreed-upon definition includes that a large percentage of the investment community already owns the asset. Yet in 2011 even as prices were rising, there were still relatively few investors who actually held any physical metal.
At the time I was trading equity options on the New York Stock Exchange, and outside of myself, there wasn’t anybody else I talked to on the floor who was actually buying gold or silver. In fact when I think back to my Wall Street days, I still can’t think of anyone who ever even spent any time thinking about gold and silver. Outside of if they were hearing about it from me.
So if silver went to $49 per ounce while relatively few in the greater population were actually invested, what’s going to happen when you reach the point where precious metals become a popular asset again? Especially given how there really isn’t that much physical silver to go around. Certainly not compared to the amount of paper silver that’s out there.
Some analysts (myself included) wonder whether the physical metal that’s supposed to back GLD and SLV is actually in place and being safely stored as advertised. And should there be some sort of break in the market where that turns out to not be the case, or if there’s some sort of default on the COMEX contracts, the potential for a run on the bank for actual physical silver looms large.
So if silver hit $49 per ounce without any of these conditions occurring, what kind of prices are we talking about if they do? Add on that when we finally reach the point where there is a break in the dollar and foreign creditors are looking to re-allocate their capital into sound money, where does the price of silver go then?
In recent years Deutsche Bank, JP Morgan, and the Bank of Nova Scotia have all been involved in court cases with varying degrees of admissions of precious metals market manipulation. With my own internal belief being that if the primary reason silver was hammered down from $49 per ounce was due to illegal trading behavior, that the $49 level would be somewhat of a floor. With a true free market price trading somewhere north of that. Then when you factor in how that was with relatively few actually owning any gold and silver, and it becomes fascinating to think about what that price might be.
I can certainly understand the frustration many feel in waiting for this ultimate outcome. But given the fundamentals and factual developments that have occurred in recent years, it continues to seem like a worthwhile wait.
If you have questions about any of the points raised in this article, as always you are welcome to email me here. Or if you are already seeing a similar perspective and are interested in purchasing precious metals, you can do so by calling Miles Franklin at 1-800-822-8080.
In either case it will be truly stunning and fascinating to see how the market is ultimately resolved. Yet for those with the fortitude and patience to stay with their trade, I continue to believe that the payoff will be well worth the wait.
And with the Federal Reserve already starting to backtrack on future interest rate increases, which means more money printing is likely on the way (perhaps as soon as 2019), aren’t gold and silver far better options than the paper dollar and treasury alternatives?
-If you have any questions about this article, what’s happening with the Fed, or the precious metals market, you’re welcome to email me here.
-To buy or sell gold and silver call Miles Franklin today at (1-800-822-8080).
-Or get Miles Franklin’s detailed report on why the price of silver is set to explode.
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About Miles Franklin
Miles Franklin was founded in January, 1990 by David MILES Schectman. David’s son, Andy Schectman, our CEO, joined Miles Franklin in 1991. Miles Franklin’s primary focus from 1990 through 1998 was the Swiss Annuity and we were one of the two top firms in the industry. In November, 2000, we decided to de-emphasize our focus on off-shore investing and moved primarily into gold and silver, which we felt were about to enter into a long-term bull market cycle. Our timing and our new direction proved to be the right thing to do.
We are rated A+ by the BBB with zero complaints on our record. We are recommended by many prominent newsletter writers including Doug Casey, Jim Sinclair, David Morgan, Future Money Trends and the SGT Report.
For your protection, we are licensed, regulated, bonded and background checked per Minnesota State law.
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Dear Riverside Shareholders and Followers,
Riverside invites you to visit management on January 20-21 to the Vancouver Resource Investment Conference (VRIC) held at the Vancouver Convention Centre West. We look forward to meeting and providing shareholders and investors with a detailed corporate update and outlook for 2019.
Use Promo Code ‘VRIC19GUEST‘ for free entry to this years show.
Please visit us at booth #816 or give us a call at your convenience to catch-up on the latest Riverside news.
Best regards,
The Riverside Team
relmajian@rivres.com
778-327-6671 x 312
Vancouver, British Columbia–(Newsfile Corp. – January 14, 2019) – Millrock Resources Inc. (TSXV: MRO) would like to cordially invite you to visit us at Booth #1213 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday January 20 – Monday January 21, 2019.
The Vancouver Resource Investment Conference has been the bellwether of the junior mining market for the last twenty-five years. It is the number one source of information for investment trends and ideas, covering all aspects of the natural resource industry.
Each year, the VRIC hosts over 60 keynote speakers, 350 exhibiting companies and 9000 investors.
Investment thought leaders and wealth influencers provide our audiences with valuable insights. C-suite company executives covering every corner of the mineral exploration sector as well as metals, oil & gas, renewable energy, media and financial services companies are available to speak one on one. This is a must-attend for investors and stakeholders in the global mining industry.
For more information and/or to register for the conference please visit: https://cambridgehouse.com/vancouver-resource-investment-conference
We look forward to seeing you there.
For further information:
Millrock Resources Inc.
Millrock Resources Inc.
1-877-217-8978
mhenderson@millrockresources.com
www.millrockresources.com
Toronto, Ontario and Vancouver, British Columbia–(Newsfile Corp. – January 14, 2019) – Minera Alamos Inc. (TSXV: MAI) (“Minera” or the “Company”) cordially invites you to visit with Company representatives at Booth #838 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday, January 20th – Monday, January 21st, 2019.
Minera looks forward to updating shareholders and conference attendees alike on its aggressive plans for 2019, following the conclusion of a highly successful 2018 and especially given its progress on its proposed mine development, with permitting milestones achieved at the La Fortuna project, Durango, Mexico and pending permits at the Santana project, Sonora, Mexico.
For more information and/or to register for the conference please visit:
https://cambridgehouse.com/vancouver-resource-investment-conference
New and Improved Website Launched
In addition, the Company is pleased to have launched a brand new and comprehensive website at www.mineraalamos.com and we welcome site visitors to sign up to ensure prompt receipt of Minera’s news and updates.
Cannot view this image? Visit: https://media.zenfs.com/en-us/newsfile_64/32fbe88a4751f2cfe629c15d44d8486a
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4183/42141_e3ad73c02406398e_002full.jpg
For Further Information Please Contact:
Minera Alamos Inc.
Doug Ramshaw, President
Tel: 604-600-4423
Email: dramshaw@mineraalamos.com
Website: www.mineraalamos.com
About Minera Alamos Inc.
Minera Alamos is an advanced-stage exploration and development company with a growing portfolio of high-quality Mexican assets, including the La Fortuna open-pit gold project in Durango with positive PEA completed, the Santana open-pit heap-leach development project in Sonora with test mining and processing completed and the Guadalupe de Los Reyes open-pit gold-silver project in Sinaloa with mine planning in progress. The Company is awaiting the pending approval of permit applications related to the commercial production of gold at both the Santana and Fortuna projects.
The Company’s strategy is to develop low capex assets while expanding the project resources and pursue complementary strategic acquisitions.
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.