Month: March 2015

Silvercrest Announces Update to Santa Elena Pre-Feasibility Study; Pre-Tax Base Case NPV (5%) of $144 Million, Replaces Reserves and Renews 8 Year Mine Life

SilverCrest Mines Inc. is pleased to announce that it has filed a Technical Report prepared in compliance with National Instrument 43-101 Standards of Disclosure for Mineral Projects titled, “Update to Santa Elena Pre-Feasibility Study, Sonora, Mexico”, for its operating Santa Elena mine. The UPFS updates the Santa Elena Pre-Feasibility Study and Open Pit Resource Update…

First Mining Finance Corp. Announces Completion of Qualifying Transaction and Closing of Financing

First Mining Finance Corp. is pleased to announce that it has now completed the acquisition of all of the issued and outstanding shares of Sundance Minerals Ltd. constituting its qualifying transaction under the applicable policies of the TSX Venture Exchange. The Acquisition was completed by way of an arrangement agreement whereby the Company acquired all of the issued and outstanding shares of Sundance in exchange for an aggregate of 71,074,827 common shares of the Company.

Almaden Files Form 20-F Documentation

Almaden Minerals Ltd. announces that its Form 20-F for the fiscal year ended December 31, 2014 has been filed with the U.S. Securities and Exchange Commission. The Form 20-F and the Company’s audited consolidated financial statements for the years ended December 31, 2014 and 2013, are available on the Company’s website at

Quaterra Reports 2014 Year-End Financial Results

Quaterra Resources Inc. continues to focus its attention on its 100%-owned Yerington copper district assets. Non-Yerington assets of the Company have been sold with the proceeds to be used in support of the Yerington District as reported in the Company’s December 31, 2014, year-end financial statements and management’s discussion and analysis filed today.

Class Action Certified and Leave to Proceed Granted in Securities Class Action Against Baja Mining Corp.

Harrison Pensa LLP commenced an action under the Class Proceedings Act, 1992 against Baja Mining Corp., certain of its former directors and officers and the company’s auditor, PricewaterhouseCoopers LLP. The action alleges that during the class period, the defendants made misrepresentations and/or failed to make timely disclosure of significant cost overruns and project delays related to Baja’s Boleo Project located in Baja California Sur, Mexico.

Chesapeake Announces New Water Source Strategy For Metates; Updated Pre-Feasibility Study To Be Released In Q2 2015

Chesapeake Gold Corp. wishes to report on the current status of the updated pre-feasibility study on its 100% owned Metates project located in Durango State, Mexico. M3 Engineering & Technology together with several industry leading international consultants are currently working towards the completion of the updated PFS. Several recent developments have caused the completion of the updated PFS to be delayed until the second quarter of 2015. The Metates project hosts one of the largest undeveloped gold, silver and zinc reserves in the world.

Mexus Gold US First Pursuit Update

Mexus Gold US announced today that the payment due on the sale of its San Felix property is now delinquent. The company is reviewing its options with legal counsel and will take the necessary steps to ensure the contract terms, conditions, and/or default obligations contained within the sales agreement are met.

IMPACT Silver reports additional wide & high grade drill intercepts at San Ramon Deeps – Expands scope of mining plans on new silver vein

IMPACT Silver Corp. is pleased to announce additional high grade silver drill results from the San Ramon Deeps Zone in the Royal Mines of Zacualpan Project in central Mexico. IMPACT recently began mining this new wide, high grade vein which is largely responsible for the rising silver grades reporting to the mill. Results from these new drill holes include the following:

Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.

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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.