Year: 2013

Bacanora Announces Receipt of Stage 2 Exploration Funding from Rare Earth Minerals PLC

Bacanora Minerals Ltd. announces today that Rare Earth Minerals PLC, the Company’s joint venture partner in respect of the El Sauz and Fleur lithium concessions in northern Mexico, has satisfied its funding obligations in connection with REM’s exercise of its option to increase its ownership in the Concessions from 10% to 30%. In accordance with the Company’s joint venture agreement with REM, the Company has received a payment of US$500,000, together with the deposit of U.S.$1 million, the latter of which will be used for the Stage 2 exploration and drilling programme on the Concessions. REM’s equity in the Bacanora subsidiary, MEXILIT SA de CV, which will hold the Concessions, will now increase from 10% to 30%.

Newstrike Capital Inc.-ZTEM Geophysical Survey Identifies New Exploration Potential at Aurea Norte, Guerrero, Mexico

Newstrike Capital Inc. is pleased to report that a recently completed ZTEM airborne geophysical survey flown over the Company’s Aurea Norte property has successfully identified several high priority anomalies on a parallel trend with its flagship gold deposit at Ana Paula. The survey covered an area known as the San Luis Trend, an important structural corridor over ten kilometres in length that has returned anomalous assays from widespread near-surface gold mineralization.

Goldcorp Declares Ninth Monthly Dividend Payment for 2013

Goldcorp Inc. is pleased to declare its ninth monthly dividend payment for 2013 of $0.05 per share. Shareholders of record at the close of business on Thursday, September 19, 2013 will be entitled to receive payment of this dividend on Friday, September 27, 2013.

Freyja Resources Inc. Extends Expiry Date for Offer to Acquire Shares of Cyprium Mining Corporation

Freyja Resources Inc. is pleased to announce that pursuant to the terms of the amended and restated pre-acquisition agreement entered into between Freyja and Cyprium Mining Corporation dated effective July 31, 2013, Freyja has agreed to extend the expiry date of Freyja’s offer to acquire, by way of a take-over bid, all of the issued and outstanding common shares of Cyprium from September 6, 2013 until 12:00 p.m. (Calgary time) on September 16, 2013. For further details regarding the Offer, please see Freyja’s press releases dated June 18, 2013, August 1, 2013 and August 9, 2013.

Amarium Receives $4.5 Million Payment from Anglo-Asia Resource Partners

Amarium Technologies Inc., through its wholly owned subsidiary Amarium Minerals Inc., reports that the Company has received USD$4.5 million from Anglo-Asia Resource Partners, representing the first installment of payments in their previously announced Copper Stream Agreement. Anglo-Asia is a private Hong Kong based partnership that is focused on procuring precious and base metals for the Asian market. On June 5th, 2013, Amarium entered into a Copper Stream Agreement with Anglo-Asia, for an initial payment of US$8.75 million. A second installment of USD$4.25 million is expected to be completed later this fall, as the expansion project at the Jovita mill continues to progress. Under the terms of the Copper Stream Agreement, Anglo-Asia is entitled to 18% of the monthly production at Jovita, but is also required to make ongoing payments of $0.75 per pound of copper.

Riverside Resources Receives Additional $300,000 In Target Definition Funding From Alliance Partner Hochschild Mining To Advance Riverside’s Clemente Project, Sonora, Mexico

Riverside Resources Inc. is pleased to announce that an additional $300,000 has been received from its alliance partner, Hochschild Mining Plc, for target definition at the Company’s Clemente project in Sonora, Mexico. The additional funds will be used to carry out further mapping, geochemistry and trenching work this fall to refine targets ahead of potential drill testing in early 2014. Target Definition funding will provide Riverside and Hochschild an opportunity to further evaluate and advance Alliance properties as potential Designated Projects before entering the earn-in stage of the agreement. Once a project is selected as a DP, Hochschild can earn a 65% interest by spending $5M in exploration over four years and making a one-time cash payment to Riverside of $3M.

Sierra Metals Discovers Three Zones With Bonanza Grades Of Silver And Gold Mainly Through Mine Development At Its Cusi Property, Chihuahua State, Mexico

Sierra Metals Inc. is pleased to announce that development in the Santa Eduwiges mine at its Cusi property has opened two new areas of bonanza grade silver mineralization, the Monaco and Veta del Contacto areas. In addition, on-going mapping and sampling of the La Gloria vein at its Cusi property has returned high grades of silver over significant strike lengths. Moreover, mapping of the Milagro and San Rafael veins gave encouraging visual results.

Avino August Production Report

Avino Silver and Gold Mines Ltd. is pleased to announce the August 2013 production results from its San Gonzalo mine and Historic Avino Mine surface stockpile operations located on the Avino property near Durango, Mexico.

All News