International Northair Mines Ltd. is pleased to announce that it has entered into a Net Smelter Return royalty agreement with Coeur Capital, Inc. for proceeds of US$4.0 million. The 2.5% NSR is payable on future production from the La Cigarra silver project, located in north central Mexico.
Cayden Resources Inc. is pleased to announce that it has acquired the Shamba-la Concession located within the El Barqueno Concessions in Jalisco, Mexico. Shamba-la is approximately 400 hectares in size and is located along the northwest border of the Pena de Oro target where Cayden is currently drilling.
Focus Ventures Ltd. announces the acceleration of the expiry date of warrants previously issued by the Company in connection with its private placement financing completed on November 28, 2013.
IMPACT Silver Corp. is pleased to announce discovery of two new high grade veins in underground holes drilled from the bottom levels of the San Ramon Mine. The discovery of these new veins below the deepest mine workings will extend mine life and indicates potential for discovery of additional mineral resources at depth. Results from these new drill holes include the following:
Alonso Ancira, presidente de Altos Hornos de México, dijo que la única forma de terminar con la inestabilidad sindical que se vive en la región norte de Coahuila es metiendo al líder minero a la cárcel.
Newstrike Capital Inc. is pleased to announce the appointment of Mr. Mark D. Backens to its Board of Directors. Mark Backens has over 30 years of global mining experience including most recently as Director of Investment Banking – Mining for Scotia Capital. For most of his career, Mr. Backens had senior management roles with Meridian Gold, Placer Dome and Goldcorp in the areas of engineering, mine construction, mine management and corporate development. Mr. Backens holds a Bachelor of Science in Geological Engineering from South Dakota School of Mines and is a Professional Geologist.
Mexus Gold US announced that it is nearing completion of a deal to bring the Santa Elena/Julio project into production.
Scorpio Gold Corporation is pleased to announce its financial results for the first quarter ended March 31, 2014. This press release should be read in conjunction with the Company’s condensed consolidated interim financial statements for the three-month period ended March 31, 2014 and Management Discussion & Analysis for the same period, available on the Company’s website at www.scorpiogold.com and under the Company’s name on SEDAR at www.sedar.com. All monetary amounts are expressed in US dollars unless otherwise specified.
BACANORA MINERALS LTD. is pleased to announce that it has initiated the process of seeking an admission of its common shares to trading on the AIM Market of the London Stock Exchange. A number of professional advisers have been appointed by Bacanora to assist in this process. The Company is presently working through the application process with its advisors and expects to submit materials once reviews and documentation are complete, though there can be no certainty that its shares will be admitted to AIM. Appropriate announcements will be made in due course with material progress.
Minaurum Gold Inc. is pleased to announce that Mr. David J. Baker, CA has been appointed to the Board of Directors. Mr. Baker has over 20 years of management experience and was part of Ivanhoe Mines that successfully advanced the Oyu Tolgoi Copper and Gold deposit from exploration into production. Over a ten year period with Ivanhoe, he held a number of positions including Vice-President Treasurer, Manager Corporate Development and Manager Finance. As part of the management team at Ivanhoe and in co-operation with the Rio Tinto group, Mr. Baker’s financial and technical experience was instrumental in advancing a $4 billion dollar debt facility with eight government and international banks, and the Government of Mongolia and separately securing over $1 billion dollars in equity financing to progress Ivanhoe projects.
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.
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.
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