Month: December 2013

Marlin Gold Provides Status Update Of Its La Trinidad Mine Development In Sinaloa, Mexico

Marlin Gold Mining Ltd. has completed construction of the mine infrastructure, laboratory, and other support mine buildings at its La Trinidad Mine in Sinaloa, Mexico. In addition, mechanical completion of the crushing plant and conveyor stacking system, ADR, carbon processing and refinery are materially complete. Electrical installation is in process.

Marlin Gold Mails Take-Over Bid To Animas Resources Ltd. Shareholders

Marlin Gold Mining Ltd. announced today that it has filed a formal offer to acquire all of the outstanding shares of Animas Resources Ltd. with Canadian securities regulators and the Securities Exchange Commission and has mailed its offer and related documents to Animas shareholders.

Riverside Resources Signs Agreement to Option the Coatan Gold Project to Paget Southern Resources for Payments and Work Program

Riverside Resources Inc. is pleased to announce that through its wholly owned subsidiary, Riverside Resources Mexico, S.A. de C.V., the Company has signed an agreement with Paget Southern Resources S. de R.L. de C.V., a wholly owned subsidiary of Pembrook Mining Corp., granting Paget the option to earn up to a 100% interest in the Coatan Gold Project. In order to earn an initial 70% interest, Paget will have to incur $1,800,000 in exploration expenditures over four years and make $27,460 in cash payments to Riverside. Upon exercising the Initial Option, Paget will have the option to acquire the remaining 30% by paying $1,500,000 in cash to Riverside within one year. In the event that Paget acquires a 100% interest in the Project, Riverside would retain a 2% Net Smelter Return royalty, or if either party’s interest falls below 10% it will be converted to a 2% NSR.

Chesapeake Announces Director Appointments

Chesapeake Gold Corp. is pleased to announce the election of Ms. Lian Li as a new director at the Company’s Annual General Meeting held Wednesday and the appointment of Mr. Greg D. Smith as a new director by the Board of Directors following the Annual General Meeting.

Agnico Eagle announces investment in Pershimco Resources Inc.

Agnico Eagle Mines Limited today announced that it has agreed to subscribe for 19,800,000 units of Pershimco Resources Inc. in a private placement at a price of C$0.47 per Unit for total consideration of C$9,306,000. Each Unit is comprised of one common share of Pershimco and one common share purchase warrant of Pershimco. Each Warrant entitles the holder to acquire at any time one Common Share at a price of C$0.54 for a period of two years from the closing date. The closing of the private placement is subject to the satisfactory completion of due diligence, regulatory approval and other conditions and is scheduled to occur on or about January 10, 2014.

American Consolidated Minerals Corp.: Results of AGM

American Consolidated Minerals Corp. reports that at its Annual General Meeting held on December 13, 2013, shareholders elected Messrs. Robert Eadie, Gary Arca, Allan Fabbro, Ken Sumanik, David Gunning, Richard Kern, Herb Duerr and Robert Sibthorpe as directors for the ensuing year.

Caza Gold Announces Change to the Board of Directors

Greg Myers, CEO and President of Caza Gold Corp. advises that Bradford Cooke has stepped down as Chairman of the Board and has submitted his resignation as a Director of the Company. The Company thanks Bradford for his services and wish him the best with his other commitments.

Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.

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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.