Colombia , Argentina , Mexico and Chile
News

Junior roundup: Premier, Max-Noble, Wealth, Revelo, Lake, Austral

Bnamericas Published: Friday, April 05, 2019
Junior roundup: Premier, Max-Noble, Wealth, Revelo, Lake, Austral

Premier Gold announced plans to acquire an option agreement on the San Felipe polymetallic project, located near its Mercedes gold-silver mine in Mexico.

Under the option, Premier can acquire a 100% stake in San Felipe through payments totalling US$14.9mn to Americas Silver and Hochschild Mining.

***

Max Resource shareholders adopted a resolution approving the acquisition of Noble Metals, including the latter's Novita mineral claims and applications in Colombia.

Under the terms, Max will pay Noble Cdn$500,000 (US$375,000) and issue 26.7mn shares, worth about Cdn$8.0mn at closing on April 1, the day before the shareholders vote.

***

Wealth Minerals delayed a previously announced spin-out of a newly formed copper subsidiary, partly due to the time and expense of obtaining court approval.

In connection with the decision, Wealth also entered an amended letter of intent with TriMetals Mining to acquire the latter's interest in the Escalones copper-giold project in Chile.

***

Hochschild Mining terminated an option to earn a 100% interest in Revelo Resources' Loro gold-silver project in Chile, Revelo said in a release.

***

Lake Resources announced a trading halt on the Australian Stock Exchange pending a company announcement.

In a previous release, Lake said it had begun work on a PFS at its Kachi lithium brine project in Argentina.

***

Austral Gold temporarily placed its 70%-owned Casposo gold mine in Argentina on care and maintenance.

In the near-term, the company plans to increase exploration at the property and investigate opportunities to process ore from third parties with deposits near to Casposo.

To continue reading, subscribe to BNamericas to get all the information in this article and access to related news items and reports.

Subscribe to BNamericas and gain access to thousands of project profiles, key contacts and news.

Other projects in: Mining & Metals (Chile)

Get critical information about thousands of Mining & Metals projects in Latin America: what stages they're in, capex, related companies, contacts and more.

  • Project: Calvario
  • Current stage: Blurred
  • Updated: 2 months ago
  • Project: Pascua-Lama
  • Current stage: Blurred
  • Updated: 2 months ago
  • Project: Block 3
  • Current stage: Blurred
  • Updated: 2 months ago

Other companies in: Mining & Metals (Chile)

Get critical information about thousands of Mining & Metals companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: ATCO Sabinco S.A.  (ATCO Sabinco)
  • ATCO Sabinco carries out large-scale projects, where it offers architectural, engineering, manufacturing, transportation and assembly services for operations camps, construction...