Month: January 2015

Vista Gold Corp. Amends the Payment Terms for the Los Cardones Project and Will Receive a US$3.0 Million Cash Payment

Vista Gold Corp. today announced it has agreed to amend the payment terms of its sale of the Los Cardones gold project in Baja California Sur, Mexico to Invecture Group, S.A. de C.V. and RPG Structured Finance S.a.r.l. Under the Amendment, the Company will receive a payment of US$3.0 million cash from the Purchasers as full and final payment for 100% of the Company’s debt and equity participation in the Los Cardones gold project.

Big North Announces Private Placement to Existing Shareholders and Other Investors

BIG NORTH GRAPHITE CORP. announces that it intends to raise up to $250,000 by way of a non-brokered private placement of common shares at a price of $0.02 per Share pursuant to a discretionary waiver of the $0.05 minimum pricing requirement granted by the TSX Venture Exchange. Subject to certain limitations discussed below, the Offering is open to all existing shareholders of the Company as well as pursuant to other available prospectus exemptions. The Offering is subject to Exchange final acceptance.

Great Panther Updates Mineral Resource Estimates at the Guanajuato Mine Complex

GREAT PANTHER SILVER LIMITED announces an updated Mineral Resource Estimate at the Company’s wholly-owned Guanajuato Mine Complex in Guanajuato, Mexico, including updates on the Guanajuato and San Ignacio Mines and the El Horcon Project. The updated Mineral Resource Estimate does not include the most recent drill results at San Ignacio and the discovery of high grade silver-gold mineralization to the south of the existing resource block. This new data will be the subject of a further resource update later this quarter.

Defiance Silver Drills Wide Zones of Mineralization

Defiance Silver Corporation is pleased to report the results of the first three holes of its Phase I core drilling program on the San Acacio Deposit. Phase I is designed to test for a continuation of mineralization to depth below the current resource and the workings of the past producing mine.

San Marco Closes Oversubscribed Private Placement Financing

San Marco Resources Inc. has completed its non-brokered private placement financing announced on October 24 and December 17, 2014. A total of 12,967,500 units were issued at $0.05 per Unit for gross proceeds of $$648,375, a roughly 30% increase over the original financing target of $500,000. Insiders of the Company acquired 2,687,500 (or 21%) of the Units issued in this financing.

Aura Silver Identifies Potential Major Extensions Of Its Existing Silver/Gold Resource At East Taviche, Mexico

Aura Silver Resources Inc. is pleased to report that recent exploration has defined major gold and silver trends comprising untested definitive drill targets adjacent to, and on strike with its defined silver/gold resource in Mexico. These results are based on the 2014 exploration program carried out on its 73% owned East Taviche property in Oaxaca State, Mexico. Results are based on a Spatiotemporal Geochemical Hydrocarbon analysis (interpreted by Activation Laboratories Inc. or “Actlabs”) of a soil sampling survey conducted during this program. Results have identified several possible extensions to the current silver/gold resource (refer to 2011 NI 43-101 Technical Report available under the Company’s profile at Diagrams depicting the Spatiotemporal Geochemical Hydrocarbon anomalies relative to the current defined resource are as follows:

Layne, A Granite Company, provides sustainable solutions for water resources and mineral exploration. Originally established in 1882, Layne offers a rich history of delivering safe, professional, and reliable water and minerals solutions throughout North and South America. Granite acquired Layne and its subsidiaries in the fall of 2018, to further Granite’s strategy to grow through acquisition and diverse end market expansion.

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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.