Month: September 2014

Arian Silver gives financing update

Arian Silver Corporation reports that discussions to fully fund the company’s flagship San Jose silver project continue to progress.

Congreso de Sonora quiere a Grupo México fuera de ciudades

El pleno del Congreso de Sonora aprobó por unanimidad, enviar un exhorto al Gobierno Federal para que solicite a Grupo México que retire las vías del tren de la subsidiaria Ferromex de municipios del estado, donde vagones cargados con químicos altamente tóxicos atraviesan zonas densamente pobladas.

Cyprium Mining Corporation intersects High Grade massive sulphide veins at Las Cristinas

* Intersects high grade massive sulphide veins
* Includes 1.30 m interval at 9.5% Cu and 35 g/t Ag and 0.50 m interval at 12.1% Cu and 1 g/t Ag
* Results support the company’s initial decision to start underground exploration program and production later this year
* Includes intervals of 12.2 m at 1.4 % Cu and 4 g/t Ag and 10.8 m at 1.4% Cu
and 5 g/t Ag
* Includes intervals of 4.55 m 3.0% Cu and 17 g/t Ag, 5 m at 3.2% Cu and 14 g/t Ag and 2.65 m at 3.0% Cu and 12 g/t Ag
* Evidence of enrichment at depth to be tested as part of the second phase of drilling
* Permit application for underground exploration program and production submitted to SEMARNAT (Secretariat de Medio Ambiante y Recursos Naturales of Mexico)

Bacanora Minerals Ltd.: Expansion Plans for the Sonora Lithium Project

BACANORA MINERALS LTD. is pleased to announce that it will commence a significant drilling and exploration program in early November and is working with several key industry consultants to design a full scale lithium plant and mining operation, capable of up to 50,000 tonnes per annum of lithium carbonate equivalent to complement the already defined indicated resource of 3.26 million tonnes of LCE on the Sonora Lithium Project.

Mexus Updates Shareholders on the Santa Elena/Julio Property and Ongoing Negotiations

Mexus Gold US confirmed today that the plan for the Santa Elena/Julio property is to move forward with a placer and underground mine operation. The placer move has already been approved but in order to proceed with underground mining the company must obtain a blasting permit. On September 20, 2014 CEO Paul Thompson and VP Julio Baltazar met with representatives from Hanka, an industrial provider of explosives. Hanka will provide knowledge and support as the company pursues this permit. The company hopes to submit for this permit in the next week.

New Gold Announces Appointment of Chief Operating Officer

New Gold Inc. is very pleased to announce the appointment of David Schummer as Executive Vice President and Chief Operating Officer. Mr. Schummer joins New Gold having spent 22 years at Newmont Mining Corporation moving into progressively more senior operating roles, ultimately becoming the Senior Vice President of African Operations. While running Newmont’s African division, Mr. Schummer’s responsibilities included management of the successful development and start-up of the $1 billion Akyem open pit project, which was delivered on time and on budget, as well as the operation of the Ahafo mine which produced over 500,000 ounces of gold in 2013. Prior to his time in Africa, Mr. Schummer was Newmont’s Vice President of North American Operations where he managed a group of eight operating mines, including both open pit and underground operations, which collectively produced approximately two million ounces of gold annually.

La caída del precio de la plata opaca proyectos en México

En sólo tres años, el precio internacional de la plata pasó del cielo al suelo, pues en marzo de 2011 llegó a USD 48.8 la onza y en septiembre de este año cayó a USD 17.7, por lo que de continuar la tendencia, algunos de los proyectos mineros a futuro en México podrían retrasarse.

Soltoro Reports Revised NI 43-101 Compliant Silver Resource at the El Rayo Primary Silver Deposit in Jalisco

Soltoro Ltd. has received a revised independent resource estimate on its 100% owned El Rayo silver project in the State of Jalisco, Mexico. The NI 43-101 compliant resources were estimated by Agnerian Consulting Ltd., and includes an updated estimate of the Las Bolas deposit, the La Soledad deposit and a first time disclosure of the Mineral Resources of the historic Catarina mine. The revision considers a smaller tonnage, higher grade resource that could be exploited through a combination of small open pit and underground operations.

SilverCrest Updates Santa Elena Mine Transition

SilverCrest Mines Inc. is pleased to provide an update for the transition of the Santa Elena Mine in Sonora, Mexico from open pit heap leach to underground mining and milling operations. Activities at the mine are now moving from capital intensive expenditures for the overall Expansion Plan to operating costs and sustaining capital expenditures for underground development with emphasis on generating free cash flow through continued strict cost controls. The most significant transition activities are outlined below. For additional information and to view photos and videos, please visit the Company’s website at www.silvercrestmines.com.

Mammoth Closes Second and Final Tranche of Private Placement Financing

Mammoth Resources Corp. is pleased to announce that it has closed a second and the final tranche of its previously announced Unit offering private placement for a total of 9,320,285 Units for gross proceeds of $326,209.99. Proceeds of the private placement will be used for working capital, general corporate expenses, property taxes and vendor payments, to undertake further exploration work and costs associated with the drill permit application. The private placement has been approved by the TSX Venture Exchange.

Tonogold Announces Completion Of Mil-ler Acquisition

Tonogold Resources Inc. is pleased to announce that completion of the acquisition of Mil-ler Resources and Energy SA de CV, owner of the Nevmex Iron Ore project located near Hermosillo, Sonora, Mexico, occurred today with the execution of a Closing Agreement between Tonogold and the Mil-ler shareholders, with 54.1 million new Tonogold shares being issued as full and final consideration.

Yamana Gold Inc. (AUY) Ex-Dividend Date Scheduled for September 26, 2014

Yamana Gold Inc. ( AUY ) will begin trading ex-dividend on September 26, 2014. A cash dividend payment of $0.0375 per share is scheduled to be paid on October 14, 2014. Shareholders who purchased AUY stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that AUY has paid the same dividend. At the current stock price of $6.41, the dividend yield is 2.34%.

Denunciarán ante PGR al grupo minero Bacís

Las cooperativas pesqueras de la presa El Comedor en el estado de Sinaloa preparan una denuncia penal ante la PGR contra el grupo minero Bacís por la contaminación y muerte de peces del río Los Remedios y la presa señalada por el derrame que tuvo el 20 de enero de 2013 al romperse la presa de jales de la mina San José de Bacís, ubicada en el municipio de Otáez de este estado de Durango, con un resultado de cuatro personas muertas.

Corex Completes Non-Brokered Private Placement for $620,000

Corex Gold Corp. is pleased to announce that it has closed the non-brokered private placement for 7,750,000 units (the “Units”) at a price of $0.08 per Unit. Each Unit consists of one common share and one share purchase warrant. Each Warrant entitles the holder to subscribe for one common share at a price of $0.15 for a period of twenty four months following the closing of the Financing.

VVC Extending Closing Date of $1.5 Million Private Placement and Expects to Close Shortly A Debt Conversion

VVC Exploration Corporation is pleased to announce that, subject to the acceptance of the TSX Venture Exchange, the closing date of its ongoing Private Placement Financing of up to CA$1.5 million representing 30 million units at a price of $0.05 per Unit (announced on Aug. 11) will be extended until October 22nd, 2014. Each Unit consists of one common share and one common share purchase warrant of the Company. Each Warrant entitles the holder to purchase one additional common share of the Company at $0.12 per share for the first 2 years and at $0.18 for the next 3 years. The net proceeds will be used to cover maintenance fees and option payments on the Company’s properties in Mexico, and to pay the Company’s accounts payables, general corporate expenses and operating expenses in Mexico.

El Tigre Silver Announces Proposed Warrant Extension

El Tigre Silver Corp.is pleased to announce that it will be applying to the TSX Venture Exchange for approval to the extension of the expiry date of 4,454,000 common share purchase warrants issued on October 19, 2012 and November 15, 2012 from October 19, 2014 to October 19, 2015 and November 15, 2014 to November 15, 2015, respectively. These warrants were issued as part of a private placement transaction and are exercisable at $0.38 into 4,454,000 common shares of the Company.

Indemnizan a afectados de minera Grupo México

Autoridades federales y estatales entregaron los primeros pagos para remediar el daño a productores agropecuarios y a los ciudadanos que resultaron afectados en su salud por la contaminación del río Sonora, responsabilidad de la minera Grupo México.

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