Month: October 2013

NWM Updates Status of Previously Announced Debt Extension

NWM Mining Corporation announces that it has extended the due date of the current debt outstanding from September 30, 2013 to October 31, 2013. The extension provides a further one month for the ongoing documentation to be concluded with the Company’s lender (Renvest Mercantile Bancorp through its Global Resources Fund), as set out in the Company’s press release dated June 14, 2013. All other terms as were announced previously remain in place including the September 30, 2014 maturity date for the amended and restated credit agreement.

Kimber Announces Year End Financial Results

Kimber Resources Inc. has announced its financial results for the year ended June 30, 2013. All amounts in this news release are in Canadian dollars. The operating results were prepared in accordance with International Financial Reporting Standards. Kimber’s audited consolidated financial statements, management’s discussion & analysis and Annual Information Form for the year ended June 30, 2013 are now available on SEDAR at www.sedar.com.

Levon Resumes Phase 4 Drilling At Cordero

Levon Resources Ltd. is pleased to report resumption of Phase 4 drilling at the Company’s wholly owned Cordero project. An initial 14,000 metres of core drilling is planned to test the recently acquired Aida claim, located in a central part of the Cordero resource. Levon’s purchase of the Aida claim consolidates the Company’s ownership of 100% of the mineral rights in the district. The current Indicated mineral resource at Cordero includes 364 million (M) oz of Ag, 945,000 oz of Au, 6.1 billion (B) lbs of Zn, and 3.3B lbs of Pb [contained metal] (US $6 NSR cutoff grade was used, calculated at $25/oz Ag, $1.00/lb Zn and Pb. Gold was included in the tabulations based on areas within the resource which have higher gold grades). The indicated plus inferred resources are described in Levon’s updated resource report (as amended May 10, 2013) for the Cordero Project completed by Independent Mining Consultants in collaboration with M3 Engineering and Technology of Tucson, AZ.

Layne, A Granite Company, provides sustainable solutions for water resources and mineral exploration. Originally established in 1882, Layne offers a rich history of delivering safe, professional, and reliable water and minerals solutions throughout North and South America. Granite acquired Layne and its subsidiaries in the fall of 2018, to further Granite’s strategy to grow through acquisition and diverse end market expansion.

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