Day: July 26, 2013

Gold Resource Corporation Sustains Fatality at its Arista Mine

Gold Resource Corporation is saddened to announce an employee was fatally injured today in a rock fall accident at the La Arista underground mine. Underground operations have been temporarily suspended until an investigation, conducted by Gold Resource Corporation’s management and the Mexican Ministry of Labor and Social Security is completed over the next several days.

Mammoth Resources Corp.: BCSC Requests Clarification on Prior Company Disclosure

Mammoth Resources Corp. has been asked to clarify certain disclosure in its corporate presentation dated June 2013 and posted on the company web site as a result of a review by the British Colombia Securities Commission. The corporate presentation has since been removed and an edited version of the presentation re-posted. Specifically, the BCSC has requested that wherein the company made reference on a slide in the presentation to the potential valuation increase that could arise in the company’s share price, relative to the valuation of two TSX listed companies with projects in Mexico with NI 43-101 resources, if the company’s Tenoriba project were to host a quantity of mineral resources. The BCSC advised the company that NI 43-101 restricts disclosure of quantities and grades of a deposit that is not a mineral resource or reserve, and only allows disclosure of ranges of quantity and grade for a potential exploration target if there is a valid basis and if the disclosure includes prominent mandatory cautionary language. The company’s disclosure in its June 2013 Corporate Presentation did not comply with these requirements and the company retracts all prior disclosure of hypothetical quantities and gold grades and would like to confirm that the company has no current or historical resource estimates of the size and grade ranges at Tenoriba. In the event that the company receives an initial material mineral resource estimate, it will promptly disclose such results and file supporting technical report.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.