Goldgroup Mining Inc. is pleased to announce the closing of the acquisition of a 100% interest in the Cerro Prieto Project from Oroco Resource Corp., previously announced January 28, 2013.
Sierra Metals Inc. announces that it received authorization from the Ministry of Labor and Safety of Mexico to restart mining operations at its Promontorio Mine on Friday, August 30, 2013.
Chris Osterman, President and CEO of Sundance, stated, “We have completed a property-wide soil geochemical program as well as an induced polarization geophysical survey earlier this summer with our joint venture partner First Quantum, and have several outlined anomalous targets. This drilling will test these anomalies in the subsurface.”
Starcore International Mines Ltd. is debt-free and now owns the San Martin gold mine free and clear. The Company paid off the amount owing of $3,681,119.48 on the credit facility extended to it by Sprott Resource Lending in May, 2012, rendering the Company free of debt.
Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the Zacatecas silver belt of Mexico, is pleased to announce that further to the Company’s news release of 23 August 2013, the Company has successfully completed its private placement debt financing in the principal amount of US$15,585,000 consisting of a senior secured convertible note and has, upon completion of the financing, completed the purchase of a processing plant with a capacity to treat up to 1,500 tonnes per day of silver-lead-zinc ore at a cost of US $3.12 million, as previously reported.
Monarchy Resources, Inc. is pleased to provide an update on its interest in its three working mines; Morelos, La Luna, and Peneto. The Company is a 45% shareholder in New World Metals, the owner of these three mines located in Chihuahua, Mexico.
McEwen Mining Inc. announces that the technical report titled “Resource Estimate for the El Gallo Complex, Sinaloa State, Mexico” dated June 30, 2013 has been filed under the company’s profile on SEDAR (www.sedar.com) pursuant to the requirements of Canadian National Instrument 43-101 and is also available on the company’s website – www.mcewenmining.com. The technical report, prepared by John Read , CPG, McEwen Mining’s Senior Consultant, and Luke Willis , P.Geo, McEwen Mining’s Director, Resource Modeling, includes the updated resource estimates previously announced by the company in a press release dated July 17, 2013 and August 7, 2013. Mr. Read and Mr. Willis are both Qualified Persons as defined in Canadian National Instrument 43-101 and have reviewed and approved the contents of this news release.
Alamos Gold Inc. today reported the completion of the previously announced acquisition of all of the issued and outstanding common shares of Esperanza Resources Corp. Shareholders of Esperanza were overwhelmingly supportive of the Acquisition, with 96.25% of the votes cast at a special meeting of the shareholders held on August 27, 2013 being voted in favour. A Final Order was granted by the Supreme Court of British Columbia on August 29, 2013 approving the Plan of Arrangement pursuant to which the Transaction was implemented.
Avino Silver and Gold Mines Ltd. is pleased to report its financial results for the second quarter ended June 30, 2013. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in Canadian dollars unless otherwise specified. The information in this news release should be read in conjunction with the Company’s unaudited condensed interim consolidated financial statements for the three and six months ended June 30, 2013 and associated management discussion and analysis which are available on the Company’s website at www.avino.com and under the Company’s profile on SEDAR at www.sedar.com.
Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, announces following the approval of its shareholders at its general meeting held on 29 August 2013, every 10 common shares of no par value each in the capital of the Company that were in issue as at 18:00 on 29 August 2013 will be consolidated into one new common share of no par value in the capital of the Company.
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