Bacanora Minerals Inc. is pleased to announce that it has agreed with its joint venture partner, Rare Earth Minerals PLC, to a Stage 2 exploration and drilling program on the El Sauz, Fleur and new staked concessions which form a part of the Sonora Lithium Project in northern Mexico.
Big North Graphite Corp. announces that subject to TSX Venture Exchange acceptance, it has closed an expedited private placement of 2,666,667 units at $0.075 per Unit for total gross proceeds of $200,000.
Alta Vista Ventures Ltd. is pleased to announce that it has assigned an open ended term of exclusivity for its wholly owned Orofino Property located in Sonora State, Mexico to Argonaut Gold Inc.
International Millennium Mining Corp. reports the Company’s results for its fiscal year 2013 second quarter ended June 30, 2013.
Chesapeake Gold Corp. wishes to report on the 2013 activities and related developments going forward on its 100% owned Metates gold-silver project located in Durango State, Mexico. Based on the NI 43-101 Pre-Feasibility Study Technical Report dated March 18, 2013 (available on the Company’s website or at SEDAR), Metates hosts proven and probable reserves of 18.5 million ounces of gold and 526 million ounces of silver, making it one of the largest known undeveloped gold and silver deposits in the world. The pre-feasibility study (“PFS”) also indicates that once in operation, Metates could produce an average of 659,000 ounces gold and 15.9 million ounces silver annually over a 25 year mine life at projected cash costs of $493 per ounce of gold equivalent, net of zinc credits.
AuRico Gold Inc. is pleased to provide an update on its exploration program at the El Chanate mine located in Sonora, Mexico. The objective of the 2013 program is to further delineate mineralization within the existing open pit and expand the known mineralization along the Chanate trend in order to potentially convert this mineralization into mineral resources.
Santacruz Silver Mining Ltd. reports that the new access to Rosario I and II veins (lower and upper vein respectively) is now contributing to its milling throughput at the Rosario mine.
Bacanora Minerals Ltd. announces the grant of an aggregate of 950,000 options to acquire common shares in the capital of Bacanora at a price of $0.30 to certain directors, management, consultants and employees of the Company and its subsidiaries. Such options (and the common shares exercisable upon exercise) are exercisable immediately for a period of 5 years from the date of grant and will be subject to applicable securities law hold periods.
Aurcana Corporation announces that it has entered into an agreement for a $5,000,000 bridge loan to be advanced to the Company by FirstAccess Financial Group, Inc. Aurcana continues to expect the closing of the previously announced $50 million principal amount loan facility with Red Kite Mine Finance in September, and is in the process of finalizing documentation for the closing of that financing. The Bridge Loan is intended to provide additional liquidity to the Company until the closing of the Loan Facility.
NWM Mining Corporation is pleased to provide an update on the recent Phase 1 in-fill drilling programs at the company’s Lluvia de Oro deposit. The Creston pit has been the source of essentially all the ore mined to date at the Lluvia de Oro site until the recent initiation of mining operations at the Company’s new Gold Ridge deposit in Q2-2013.
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