Month: May 2014

Source Signs Drill Contract and Announces Phase 2 Drilling Program at Las Minas

SOURCE EXPLORATION CORP. is pleased to announce the signing of a diamond drilling contract for commencement of its 2014 Phase 2 exploration program at the Las Minas property, Veracruz, State, Mexico. Source has contracted with K.D.L. Mexico S.A de C.V. for a minimum of 2,000 metres of drilling, scheduled to get underway in the first week of June, 2014.

Alta Vista Receives Approval For Private Placement

Alta Vista Ventures Ltd. is pleased to announce that final approval has been received from the TSX Venture Exchange for its previously announced non-brokered private placement of 6,000,000 units at a price of $0.05 per Unit for gross proceeds of $300,000. A unit consists of one common share and one transferable common share purchase warrant valid for one year that will entitle the holder to purchase one additional common share at a price of $0.075. The warrants will expire on May 30, 2015. The shares forming part of the units and the shares acquired on exercise of the warrants are subject to restrictions on resale until September 30, 2014.

Avino Reports First Quarter 2014 Financial Results of $1,344,316; $0.05 Per Share and Cash Flow From Operations of $1,631,349; $0.05 Per Share

Avino Silver & Gold Mines Ltd. is pleased to report its financial results for the quarter ended March 31, 2014. 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 audited consolidated financial statements for the year ended December 31, 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.

AHMSA termina reparación de línea

Con una inversión de 26 millones de pesos, los trabajos fueron desarrollados durante ocho días con el objetivo de garantizar la plena disponibilidad de los equipos y sistemas para la próxima campaña operativa

Amarium Reports Record 2014 Q1 Earnings and Production

Amarium Technologies Inc., through its wholly owned subsidiary Amarium Minerals Inc., reports record earnings and production for 2014 Q1, with an increase in gross revenue of 54% over the previous Quarter. For the first quarter ending March 31, 2014, gross revenue was $1,064,370 as compared to the previous quarter endingDecember 31, 2013, having gross revenues of $689,343.

Yamana Gold Announces Senior Management Appointment

YAMANA GOLD INC. today announced Daniel Racine has joined the Company’s senior management as Senior Vice President, Canadian Operations and Mine Planning & Development, effective immediately. Mr. Racine most recently held the position of President and Chief Operating Officer for Brigus Gold Corporation. Prior to that role, Mr. Racine was Senior Vice President Mining at Agnico Eagle Mines Limited (“Agnico”) where he oversaw Agnico’s global mining operations. Mr. Racine joined Agnico in 1988 as a junior mining engineer and over his tenure progressively took on more responsibility including positions as Mine Manager at Laronde, Vice President Operations and Senior Vice President Operations. Mr. Racine has over 25 years of experience in the Canadian mining industry with extensive experience in Quebec.

Alamos Acquires Surface Rights at Cerro Pelon and La Yaqui

Alamos Gold Inc. reported that it has reached an agreement to acquire the surface rights for the Cerro Pelon and La Yaqui satellite deposits at its Mulatos mine allowing for the start of permitting and development activities. Closing of the agreement is subject to completion of due diligence and other customary closing conditions and is scheduled for the end of June 2014.

Citation and Inlet Sign Arrangement Agreement

Citation Resources Inc. and Inlet Resources Ltd. are pleased to announce that, further to their press releases of April 22, 2014 in respect of their planned business combination, the companies have entered into a definitive arrangement agreement dated as of May 27, 2014. The transaction will effectively combine the assets of both companies on a consolidated basis, with Citation becoming a wholly-owned subsidiary of Inlet.

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

All News

Our expertise in mining places us at the forefront of the industry. We are readily available with an international service.