Day: June 6, 2014

Scorpio Mining Provides Update

Scorpio Mining Corporation today provided information concerning its ongoing review of certain previously disclosed discrepancies concerning the concession boundaries of the Company’s El Cajon mineral deposit, located in the Cosala Norte District near Cosala, Sinaloa in Mexico, and efforts by Tocqueville Asset Management, L.P. and The Tocqueville Trust on behalf of The Tocqueville Gold Fund to take control of the Company’s board of directors.

Mexus Gold US Shareholder Update

Mexus Gold US announced that it has turned down a seven figure offer for the funding of its Julio/Santa Elena project. This offer came from one of three mining companies that Mexus is in discussions with. President Paul Thompson states “The offer came from a well-known mining company but unfortunately the demands were too high and would have resulted in our ownership being diminished.”

Osisko closing expected to occur on June 16, 2014

Osisko Mining Corporation anticipates that, subject to court approval, and the satisfaction of closing conditions, the effective date and closing of the shareholder approved joint acquisition of 100% of the outstanding shares of Osisko by Agnico Eagle Mines Limited and Yamana Gold Inc. pursuant to a plan of arrangement will occur on June 16, 2014.

Timmins Gold Establishes Special Committee; Comments on False Assertions

Timmins Gold Corp.announced today that it has established a special committee of independent directors to oversee the Company’s response to Sentry Investments’ dissident proxy solicitation and the Company’s process of Board renewal. The members of the special committee are Frank Cordova, Paula Rogers (Chair) and Jose Vizquerra.

San Pedro Copper Mine & Flotation Mill Acquired by Amarium

Amarium Technologies Inc., through its wholly owned subsidiary Amarium Minerals Inc., reports that it has initiated drilling at the San Pedro property in Michoacán, Mexico. Amarium has been engaged in exploration of the San Pedro Mine since mid-February, conducting trenching activity and soil sampling throughout the property.

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.

All News

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.