Day: October 14, 2014

Arian Silver Raises $32 Million for San Jose

Arian Silver Corporation announces the execution of a $32 million joint financing package with Quintana AGQ Holding Co. LLC and Quintana San Jose Streaming Co. LLC. The new financing arrangements should complete the Company’s funding requirements for the project and take the company to full-scale commercial production.

Gold Resource Corporation Appoints Oscar Zelaya as El Aguila Project General Manager

Gold Resource Corporation announces the appointment of Mr. Oscar Zelaya as General Manager of its El Aguila Project, succeeding Mr. Jesus Rivera who will pursue other interests. Gold Resource Corporation is a gold and silver producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $100 million to shareholders in monthly dividends since commercial production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Bacanora Minerals Ltd.: Magdalena Borate Project Update

BACANORA MINERALS LTD. is pleased to provide an update on progress with activities underway for the purpose of advancing the Magdalena Borate Project toward feasibility of boric acid production. The Company has retained the services of Process Engineering LLC to design a plant capable of producing up to 25,000 tonnes of boric acid per year from borate minerals to be mined from the El Cajon deposit. The Company also continues performing metallurgical tests in order to refine and optimise the boric acid production at pilot scale.

Sierra Metals Announces Change to Board of Directors

Sierra Metals Inc. is pleased to announce that Audra Walsh has joined the Company’s Board of Directors effective October 14, 2014. Ms. Walsh replaced Daniel Tellechea as the Company’s President and CEO on July 28, 2014 and is now replacing Mr. Tellechea on the Board of Directors. Mr. Tellechea has retired after serving as President, CEO and a Director of the Company since 2007.

Excellon Reports Third Quarter 2014 Production

Excellon Resources Inc., Mexico’s highest grade silver producer, reports its second quarter 2014 production results and an exploration update from the La Platosa Mine in Durango, Mexico.

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.