Month: September 2014

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

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.

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.

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%.

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

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.