A.I.S. Resources Limited (TSX-V: AIS) (OTCQB: AISSF) announced today that it has reached agreement on an option to acquire an initial 51% interest in a gold mine in Northern Peru producing up to 5kg gold per week (165 troy ounces) with average revenues of US$75,000 per month. AIS will earn a 51% interest by contributing US$500,000 in equipment and technical expertise to increase the mine’s productivity.
The properties are located in the San lgnacio district, Cajamarca province. There are no indigenous communities nearby, and local labour has been used to mine the three horizontal shafts and trenches. The veins are vertically orientated.
“This is an exciting development for the Company to supplement its manganese operations, and its lithium brine extraction technology,” Phillip Thomas, CEO, stated. “While AIS’s focus is on expanding our lump manganese acquisitions at grades of 44% Mn and higher we have decided that this gold opportunity will benefit us greatly, by diversification, and short term cashflow.”
Skeena Resources Limited (TSX: SKE) (NYSE: SKE) announced the clo... READ MORE
Today Glencore International AG announced, and has made Yamana Go... READ MORE
Rusoro Mining Ltd. (TSX-V: RML) is pleased to announce that on Se... READ MORE
Revival Gold Inc. (TSX-V: RVG) (OTCQX: RVLGF) is pleased to annou... READ MORE
Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) is plea... READ MORE
We acknowledge the [financial] support of the Government of Canada.