Month: August 2014

Monarchy Resources Provides Operational Update

Monarchy Resources, Inc. is pleased to announce that New World Metals is in the final stages of completing construction of its mill. The mill is located 15 kilometers outside of Parral, Mexico, and will be used to process ore currently stockpiled and being mined at the Morelos, La Luna and Peneto mines. The mill will have the capacity to process 20 tons a day and produce gold and silver concentrate through a single-stage flotation circuit process. New World has signed an LOI with a reputable commodities broker for the sale of its concentrate and anticipates sending its first shipment of gold and silver concentrate by late August 2014. New World continues to develop its underground operations at each of its three operating mines.

Almaden Minerals Ltd. Announces Closing of $6.0 Million Non-Brokered Private Placement

Almaden Minerals Ltd. is pleased to announce that it has closed its previously announced non-brokered private placement by the issuance of 4,000,000 units at $1.50 per Unit. Each Unit consists of one common share of the Company and one-half of one non-transferable common share purchase warrant. Each Warrant allows the holder to purchase one common share of the Company at a price of $2.00 per share until August 1, 2015. A finder’s fee of $107,400 in cash and finder’s warrants to purchase up to 48,000 common shares at a price of $1.50 per common share until August 1, 2015 was paid to Secutor Capital Management Corporation on a portion of the placement.

Sierra Metals announces favourable ruling in Polo y Ron Minerals litigation

Sierra Metals Inc. is pleased to report a positive development in the Polo y Ron Minerals legal process. A Federal Court in the State of Chihuahua has ordered that Sierra is entitled to receive proper notice of the adverse resolution previously issued by the State Court of Chihuahua as disclosed in the Company’s press release on March 16, 2013.

Vista Gold Corp. Announces Second Quarter 2014 Results

Vista Gold Corp. today announced its unaudited financial results and highlights for the second quarter ended June 30, 2014. The Company’s unaudited financial statements, Management’s Discussion and Analysis together with other important disclosures can be found in the Company’s Quarterly Report on Form 10-Q, filed with the U.S. Securities and Exchange Commission and the Canadian securities regulatory authorities.

Update of Avino Silver & Gold Mines Ltd. and Bralorne Gold Mines Ltd. Arrangement

Avino Silver & Gold Mines Ltd. and Bralorne Gold Mines Ltd.: Further to their joint news release dated June 30, 2014, Avino and Bralorne have executed a binding arrangement agreement whereby Avino will acquire all of the outstanding common shares of Bralorne which Avino does not already own by way of a plan of arrangement under the Business Corporations Act (British Columbia). Upon completion of the Arrangement, it is anticipated that approximately 2,636,857 common shares of Avino will be issued to former Bralorne shareholders to acquire Bralorne, which holds an undivided 100% legal and beneficial interest in the operating Bralorne gold mine in British Columbia.

Mercator Minerals Provides Update on Combination with Intergeo

Mercator Minerals Ltd announces, further to the Company’s July 15, 2014 press release, that given that the Company and Intergeo MMC Ltd have not agreed to extend the completion deadline in connection with the proposed business combination between Mercator and Intergeo announced on December 12, 2013 beyond August 1, 2014, the arrangement agreement has been terminated in accordance with its terms. As such, the proposed business combination will no longer proceed.

We are world leaders in testing, inspection and certification services. We are present in all sectors of the economy with solutions and services that enhance the business, avoiding risks, improving operational performance and protecting the reputation and brand of our clients.

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.