Month: May 2015

Alta Vista to extend warrants

Alta Vista Ventures Ltd. reports that it intends to extend the expiry date of 6,100,000 warrants from May 29, 2015 to May 29, 2016 with no change to the exercise price of $0.075.

Corex Announces Non-Brokered Private Placement for up to 13,000,000 Units

Corex Gold Corp. is pleased to announce a non-brokered private placement of up to 13,000,000 units at a price of CAD$0.05 per unit, for aggregate gross proceeds of up to CDN $650,000. Each Unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant will be exercisable by the holder to acquire one additional common share at a price of CAD$0.15 for a period of twenty four months following the closing of the financing.

Gold Resource Corporation Reports First Quarter Net Income of $5.1 Million, or $0.09 per Share; Maintains 2015 Production Outlook

“The Company delivered solid results for the first quarter of 2015,” stated Gold Resource Corporation’s CEO and President, Mr. Jason Reid. “Even with precious metal prices down significantly year over year, operations generated net income of $5.1 million, or $0.09 per share for the quarter. The Company is still focused on cost cutting measures and the benefit of these is evident as total cash cost per ounce AuEq was $416 for the quarter. The Company remains on track to meet its annual production outlook of 80,000 to 90,000 ounces of precious metal gold equivalent at a 64.1 to 1 ratio.”

Fortuna reports consolidated financial results for the first quarter 2015

Jorge A. Ganoza, President and CEO, commented, “We have made an excellent start to the year operating well within our production and cost guidance and look forward to a year of execution on our key expansion project at the San Jose mine.” Mr. Ganoza continued, “On March 30th we announced the expansion our credit facility to $60 million giving us access to liquidity of over $130 million, providing significant additional financial flexibility in this period of growth for the Company.”

SilverCrest accelerates exploration of high grade El Cholugo Zone at Santa Elena Mine

SilverCrest Mines Inc. is pleased to announce initial results of its accelerated underground exploration of the El Cholugo Zone located immediately adjacent to the Main Mineralized Zone currently in production at the Santa Elena Mine, Sonora, Mexico. SilverCrest’s recently released technical report titled, “Update to Santa Elena Pre-Feasibility Study, Sonora, Mexico”, contemplated the exploration and development of El Cholugo in 2016. However, the high gold and silver grades over significant widths and lateral dimensions encountered underground has led the Company to accelerate exploration and development of the Zone with the view to its inclusion in this year’s (2015) mine plan.

Primero Announces Election of Directors

Primero Mining Corp. announces that yesterday, at its annual general and special meeting of shareholders, all directors nominated as listed in the management information circular dated March 24, 2015 were re-elected.

UC Resources Announces Shares for Debt and New Control Person

UC Resources Ltd. announces that, subject to regulatory approval, Sunvault Energy Inc. has agreed to accept shares in the Company as full repayment of past loans in the amount of $80,000 provided by Sunvault to the Company, by the issuance of an aggregate of 1,600,000 common shares of the Company having a deemed value of $0.05 per share…

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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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.