Orestone Mining Corp. provides the following update on the Estrella de Oro project located in Sonora State, Mexico optioned from Kootenay Silver Inc. in January of this year.
VVC Exploration Corporation announces that it has that it has successfully completed a previously announced non-brokered private placement aggregating $411,365 and representing 8,227,300 units of the Company at a price of $0.05 per Unit. 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 2 years and thereafter at $0.18 per share until October 22nd, 2019. The securities being issued pursuant to this private placement will be subject to a hold period which expires on February 23rd, 2015.
Mexico-focused mineral exploration firm Morro Bay Resources this week released results from a drilling campaign at the San Rafael historic mine area, at the multi-veined Peñoles project, in Durango state, indicating the presence of multiple mineralised zones.
El “destape” del líder del nuevo sindicato minero aún no se define, tampoco el método en que será electo ni el nombre de la nueva organización, aseguró la Sección 288 luego de que ayer, en la Sección 71 de La Perla, Chihuahua, concluyera el calendario de asambleas de las 10 secciones mineras de Coahuila que acordaron separarse de Napoleón Gómez El vocero de la Sección 288, Francisco Alvarado Villarreal, manifestó que habrá que ser muy analíticos y tener amplia visión para cuando llegue el momento en que los trabajadores de minas y siderúrgicas de Altos Hornos de México elijan al abanderado a la Secretaría General del nuevo sindicato, con el cual se peleará la titularidad de los contratos colectivos de trabajo mediante demandas contra Napoleón Gómez Urrutia.
Levon Resources Ltd. is pleased to announce it is undertaking a USD $1 million private placement.
Precipitate Gold Corp. announces it has notified Gunpoint Exploration Ltd. of the Company’s election not to proceed with its option to earn a 100% interest in the Cecilia Project in Sonora, Mexico.
The Board of Directors of San Marco Resources Inc. reports that as a result of extensive discussions with various financial advisors, it believes it is in the best interest of the Company to consolidate its common shares on the basis of one post-consolidation common share for every five pre-consolidation common shares. Subsequent to this consolidation, which is subject to regulatory and shareholder approval, San Marco intends to raise approximately $500,000 by way of a private placement financing on the terms set out below.
Alamos Gold Inc. today reported its financial results for the third quarter ended September 30, 2014 and reviewed its operating, exploration and development activities.
Sierra Metals Inc.reports production for the quarter ended September 30, 2014 (“Q3 2014”) from its three underground mines in Latin America, the Yauricocha polymetallic mine in Peru and the Bolivar copper and Cusi silver mines inMexico.
McEwen Mining Inc. is pleased to announce production results as of Sept. 30, 2014. For the quarter,30,642 gold eq. oz and for the nine months, 93,987 gold eq. oz were produced. Production guidance for the year remains unchanged at 135,000-140,000 gold eq. oz. Production is expected to increase in Q4, due to higher grades and processing capacity at El Gallo 1 and higher grades at San José. Production costs will be reported in November 2014 with Q3 financials.
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