Month: October 2014

Riverside and Partner Morro Bay Announce Drill Results From the San Rafael Silver-Gold Mine Area at the Penoles Project, Durango, Mexico

Riverside Resources Inc.is pleased to announce drill results from the San Rafael historic mine area at the Peñoles Project in Durango, Mexico. This most recent round of drilling focused on stepping out beyond the already known gold body at El Capitan and high-grade silver vein system at Jesus Maria, with the first five drill holes now completed 2 kilometres to the east at San Rafael. Drill result intervals included (DDH-14-01) 3.08 metres of 1.19 g/t gold and 79.2 g/t silver, and (DDH-14-05) 8.90 metres of 0.63 g/t gold and 101 g/t silver. The drilling intersected key mineralized structural veins and starts to confirm strike and depth continuity of gold and silver mineralization in multiple structural zones and warrants a further follow up drilling and exploration program. This initial work phase was designed to confirm the presence of mineralized veins and structures at the San Rafael mine area, and was successful within 5-10m of the estimated location.

Bacanora Minerals Ltd.: Hatch Engineering Consultants Appointed

BACANORA MINERALS LTD. is pleased to announce that it has appointed Hatch Pty Ltd as its engineering consultant for both the Sonora Lithium Project and the Magdalena Borate Project in northern Mexico. In this capacity, Hatch will assist with and advise upon the design of a lithium carbonate plant capable of producing up to 50,000 tonnes per annum, and the design of boric acid plant capable of producing up to 25,000 tonnes per annum.

Almaden Announces Spin-Out of Mineral Exploration Assets and Royalties

Almaden Minerals Ltd. is pleased to announce that its Board of Directors has unanimously approved a strategic reorganization of its business. Almaden’s early stage exploration projects, royalty interests and certain other non-core assets will be transferred to a newly incorporated company. Shareholders of the Company will receive shares in Spinco in proportion to their shareholdings in Almaden. There will be no change to shareholders’ existing interests in the Company.

Levon Announces Closing of USD$5.4 Million Private Placement

Levon Resources Ltd. is pleased to announce that it has closed the private placement with a group of U.S. investors including Dr. Philip Frost, Barry Honig and Michael Brauser that was announced on October 15, 2014. Pursuant to the Placement, Levon issued 27,000,000 common shares at a price of CAD$0.22 per share for gross proceeds of USD$5,400,000. The common shares sold in the Placement are subject to a four month hold period under applicable Canadian securities laws which expires on February 22, 2015.

Westminster Resources Ltd Announces Share Consolidation

Westminster Resources Ltd will be immediately filing for, and seeking approval of, documents relating to the consolidation of the company’s issued and outstanding share capital with the TSX Venture Exchange. The intended consolidation will be on a basis of one postconsolidation common share for every 10 preconsolidation common shares. This consolidation will reduce the issued and outstanding shares of the company from 113,272,926 to 11,327,292 shares, assuming no other change in the issued capital. The company’s outstanding options and warrants will also be adjusted on the same basis (1 for 10) as the common shares, with proportionate adjustments being made to exercise prices.

ALS is a global leader in providing laboratory testing, inspection, certification and verification solutions. Assuring our community by providing high quality, innovative, professional testing services to help our clients make informed decisions.

All News

Our expertise in mining places us at the forefront of the industry. We are readily available with an international service.