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Samco Gold and Pan American Silver to Commence Option Agreement and Related Exploration Work on the El Dorado Monserrat Project in Argentina 2016-09-16
TORONTO, ONTARIO--(Marketwired - Sept. 16, 2016) - Samco Gold Limited (TSX VENTURE:SGA) ("Samco" or the "Company") announces that Samco and Pan American Silver, through their respective local subsidiaries, agreed to set September 1, 2016, as the effective date of the previously announced option agreement dated February 4, 2015, as amended (the "Option Agreement"). The Option Agreement grants PAS the exclusive option to acquire a 60% interest in the El Dorado Monserrat project in Santa Cruz, Argentina ("EDM"). The effective date of the Option Agreement had been delayed by the parties pending resolution by Samco of the litigation commenced by Yamana Gold Inc. that referenced EDM. As announced by Samco on May 26, 2016, this litigation was settled as against Samco and its local subsidiary. As such, the parties now wish to commence the Option Agreement and related exploration work on EDM.
Pan American Silver attains project expansion milestones in Mexico 2016-09-09Primary silver producer Pan American Silver (PAS) has achieved critical milestones in two mine expansion projects in Mexico. The Vancouver-based miner said the new 618-metre deep shaft at the La Colorada mine was commissioned in fully automatic mode in early September, ahead of schedule.
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General 2015-05-10Pan American Silver acquired the project through its merger with Aquiline resources in 2009.