Soltoro Ltd. has been conducting trenching northwest of the El Rayo gold zone which has extended mineralization by approximately 70 metres along strike at surface. This represents approximately a 10% increase in the strike length of known mineralization in the El Rayo gold zone.
Primero Mining Corp. announced today that it closed a previously announced $75 million revolving credit facility with a syndicate of lenders. The Line of Credit has a three year term, a floating interest rate that the Company expects to be approximately 4% per annum for the first six months and is secured by a charge over substantially all of the Company’s assets. Coincident with and as a condition of closing the Line of Credit, the Company repaid the outstanding $27 million promissory note held by Goldcorp Inc. bearing interest of 6% and originally due December 31, 2015.
Goldcorp Inc.s decision to drop its C$3.2 billion ($2.9 billion) hostile bid for Osisko Mining Corp. in the face of a rival offer shows the industry has found new discipline after years of value-destroying deals, BlackRock Inc.s Catherine Raw said.
Candente Copper Corp. is pleased to announce that it has completed its previously announced non-brokered private placement for total gross proceeds of $1,369,727.40.
BIG NORTH GRAPHITE CORP. is pleased to announce that further to the Company’s press releases of December 19, 2013 and February 5, 2014, pursuant to a share purchase agreement with MAG Exploration Services Inc. and Cesar Javier Guajardo Villarreal, the Company has acquired all of the shares of Grafito de Mexico, S.A. de C.V., held by the Vendors (which shares represent 97.5% of the issued and outstanding share capital of Grafito). Grafito is the registered and beneficial owner of the El Tejon property.
Silver Bull Resources, Inc. is pleased to announce that it has executed a definitive share purchase agreement with BHK Resources Inc. a capital pool company with TSX Venture Exchange trading symbol BHK.P, in connection with the proposed sale of Dome International Global Inc., a wholly-owned subsidiary of Silver Bull which holds, indirectly, a 100% interest in and to the Ndjole manganese and gold project, located in Gabon. The proposed transaction was previously announced on December 17, 2013.
International Northair Mines Ltd. is pleased to announce that it has entered into a Net Smelter Return royalty agreement with Coeur Capital, Inc. for proceeds of US$4.0 million. The 2.5% NSR is payable on future production from the La Cigarra silver project, located in north central Mexico.
Cayden Resources Inc. is pleased to announce that it has acquired the Shamba-la Concession located within the El Barqueno Concessions in Jalisco, Mexico. Shamba-la is approximately 400 hectares in size and is located along the northwest border of the Pena de Oro target where Cayden is currently drilling.
Focus Ventures Ltd. announces the acceleration of the expiry date of warrants previously issued by the Company in connection with its private placement financing completed on November 28, 2013.
IMPACT Silver Corp. is pleased to announce discovery of two new high grade veins in underground holes drilled from the bottom levels of the San Ramon Mine. The discovery of these new veins below the deepest mine workings will extend mine life and indicates potential for discovery of additional mineral resources at depth. Results from these new drill holes include the following:
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