Day: January 29, 2015

The Board of Mexican-focused copper explorer Azure Minerals Limited ) is pleased to provide its Quarterly Activities Report for the period ended 31 December 2014.

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 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.

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.

Endeavour Silver Corp. reports updated NI 43-101 silver and gold reserve and resource estimates for its three producing mines in Mexico: the Guanaceví Mine in Durango State and the Bolañitos and El Cubo Mines in Guanajuato State; as well as one exploration project, the San Sebastián Project in Jalisco State, as of October 31, 2014.

Skeena Resources Limited is pleased to announce the appointment of Michael Cathro as Vice President of Operations and Wendy Chan as Vice President of Corporate Development. They both join Skeena’s management team effective immediately. Subject to TSX Venture Exchange approval, the Company granted Mr. Cathro 600,000 incentive stock options with a term of 5 years, expiring on January 29, 2020. The options allow the holder to purchase a common share in the Company at a price of $0.10. The options will vest over a period of three years. Any shares issued on the exercise of these stock options will be subject to a four-month hold period from date of grant.

Santacruz Silver Mining Ltd. is pleased to announce fourth quarter 2014 production of 255,487 silver equivalent ounces from the Company’s Rosario Mine in San Luis Potosi, Mexico. This production represents a 32.8% quarter over quarter increase as compared with Q3 2014 silver equivalent ounces. The full calendar year of production at the Rosario Mine for 2014 resulted in 776,787 silver equivalent ounces.

The Company has advanced the development of the “North Nose” area of the Project. It is expected that this will increase gold production in 2015/2016. While anticipated, this work was not included in the previously approved capital expenditures and will result in an increase of estimated capital expenditures in the amount of $22 million. The total Capex Estimate for the Project is now at $800 million, representing an increase of approximately $53 million from the previously approved $725 million capex budget. In addition to the $22 million increased capital expenditures related to the “North Nose” area of the Project, the Capex Estimate also includes approximately $47 million of contingency and accounts for the escalation of costs compared to the 2012 feasibility estimates. The Project remains fully funded and a $60 million second draw on the previously announced project finance facility was received on January 28th.