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 http://www.almadenminerals.com.

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.

Torex Provides An Update On Its Morelos Gold Property

Torex Gold Resources Inc. is pleased to announce that a draw of US$ 50 million on its debt facility has been approved by the Lenders, and to provide an update on the development of its flagship El Limon-Guajes Project at its 100% owned Morelos Gold Property in Mexico.

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:

Minerales en aguas profundas, otro filón de México

México posee zonas de abundantes depósitos de minerales en su lecho marino, lo que despertó ya el interés de empresas transnacionales por realizar las primeras explotaciones de estos recursos, esto marcará el inicio de la transición de la actividad minera de la tierra al mar.

SilverCrest Announces Surface Drilling Results at Santa Elena Mine

SilverCrest Mines Inc. is pleased to announce results of the exploration and resource expansion drilling program completed in late 2014 at the 100% owned Santa Elena Mine in Sonora, Mexico. Twenty-one drill holes, totalling 9,393 metres were completed to explore the western and eastern extensions of the Santa Elena Main Mineralized Zone…

Layne Christensen Announces New Contracts Valued at Approximately $110 Million

Layne Christensen Company today announced a number of significant new contracts signed within the last 90 days with an aggregate value of approximately $110 million. These contracts were awarded to Layne’s Geoconstruction, Inliner, Heavy Civil, Water Resources, and Mineral Services divisions. The majority of these projects are expected to be completed during the current fiscal year.

MAG Silver Reports 2014 Annual Results

MAG Silver Corp. announces the Company’s audited consolidated financial results for the year ended December 31, 2014. For complete details of the annual financial statements and related Management’s Discussion and Analysis, please see the Company’s filings on SEDAR (www.sedar.com) or on EDGAR (www.sec.gov). All amounts herein are reported in United States dollars unless otherwise specified.

Marlin Gold Creates the Next Emerging Mid-Tier Gold Producer with the Acquisition of Commonwealth Silver and Gold, Concurrent Equity Offering and Strengthening of Board

Marlin Gold Mining Ltd. is pleased to announce that it has entered into a definitive agreement pursuant to which Marlin has agreed to acquire, in an all cash transaction, all of the issued and outstanding common shares of Commonwealth Silver and Gold Mining Inc., a privately held entity, through a wholly owned subsidiary…

Fortuna amends and expands $40 million credit facility

Fortuna Silver Mines Inc. is pleased to announce that it has amended and expanded its existing $40 million revolving credit facility with the Bank of Nova Scotia. The new credit facility consists of a $40 million non-revolving term loan and a $20 million revolving credit facility. The $40 million term loan has a four year duration.

Arian Silver Achieves First Concentrate Production at San José

Arian Silver Corporation, a silver exploration, development and mining company focused on silver projects in the silver belt of Zacatecas, Mexico, is pleased to report that first concentrate production has been achieved at its wholly-owned San José project.

Southern Silver Pays Credit Facility, Appoints Directors

“Conversion of $300,000 of the debt by Radius results in its holding approximately 13% of the currently issued shares of the Company,” said President, Lawrence Page Q.C. “We welcome Radius as a significant shareholder of our Company due to the depth of experience of its principals in the mineral exploration sector. This transaction, coupled with the recent acquisition by Electrum Global Holdings…

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