Paramount Gold and Silver Corp. announced today that the second drill hole on the newly discovered Dana structure at its 100%-owned San Miguel Project in northern Mexico has intersected high gold grades in addition to the significant silver grades found in the discovery hole released last week.
Garibaldi Resources Corp. is pleased to report further expansion of near-surface mineralization similar to high-grade silicified rock discovered at the Silver Eagle target, part of its Rodadero Silver-Gold Project in Sonora State, Mexico. Phase 2 drilling continues at Silver Eagle in addition to extensive mapping and sampling along trend immediately north and south of the discovery zone and throughout the multiple target project area. Rodadero North stretches 10 km north-south and nearly 5 km east-west.
Santacruz Silver Mining Ltd. is pleased to announce third quarter 2014 production of 184,900 silver equivalent ounces from the Company’s Rosario Mine in San Luis Potosi, Mexico. This production represents a 9.9% quarter over quarter increase as compared with Q2 2014 silver equivalent ounces.
El presidente municipal, Alejandro López Caballero detalló que en total son más de 600 familias que recibirán un cheque de remediación del daño
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. 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.
International Northair Mines Ltd. is pleased to announce that exploration at its La Cigarra silver project, located in the Parral silver district of Chihuahua State, Mexico, has identified a potentially significant silver and gold occurrence known as La Colorada.
El Tigre Silver Corp.The Board of Directors is pleased to announce the appointment of Wade Anderson to the newly created role of co-CEO. Mr. Anderson will share the position of co-CEO with El Tigre’s current CEO and President, Stuart Ross.
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 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.
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