Month: June 2015

Minera Alamos Inc. Closes First Tranche of $255,000 Brokered Private Placement

“With this series of financings nearly complete, we are now well into the process of refining our plan to bring the Los Verdes mine into production next year,” said Chris Frostad, Chief Executive Officer, Minera Alamos Inc. “We will be providing our investors with regular project updates, culminating in the release of a new Preliminary Economic Assessment prior to year-end.”

Goldcorp announces closing of secondary offering of shares of Tahoe Resources

GOLDCORP INC. announced today the closing of the previously announced secondary offering of the shares in Tahoe Resources Inc. A total of 58,051,692 Tahoe common shares beneficially held by Goldcorp were sold at an offering price of C$17.20 per share for gross proceeds of approximately C$1 billion…

First Mexican Closes First Tranche of Financing and Shares for Debt

The Company has closed a first tranche of $105,300 from the best efforts non-brokered $350,000 financing announced in May 26, 2015 press release, at $0.03 per unit, with each unit consisting of one common share and one transferable share purchase warrant being exercisable until June 29th, 2017, and subject to a four month and one day hold period expiring October 30, 2015. FMG plans further closings in the near future.

Source Preliminary Metallurgical Test Work Yields Excellent Recoveries for Las Minas Project

Source Exploration Corp. is pleased to report results for preliminary metallurgical test work, indicating recoveries of 95% copper, 89% gold and 84% silver for its Las Minas gold -silver – copper project located in, Veracruz State, Mexico. The metallurgical test work, included flotation testing and was undertaken by ALS Metallurgy of Kamloops, British Columbia, Canada.

Exploraciones Oceanicas Environmental Completes Filing of Documentation for the “Don Diego” Project

Odyssey Marine Exploration, Inc., a pioneer in the field of deep-ocean exploration, reported that Exploraciones Oceanicas, the Mexican company that controls the “Don Diego” offshore phosphate resource, has submitted the necessary documentation to continue the environmental evaluation process for the proposed dredging of phosphate sands as planned. Odyssey controls ExO through the company’s 54% ownership in Oceanica Resources.

Forman mineros sección 72 El Saucito

Integrantes del Sindicato Nacional Minero Metalúrgico Don Napoleón Gómez Sada consolidaron la sección 72 en la empresa Minera Saucito de Fresnillo PLC.

Northair Increases Overall Silver Recoveries and Optimizes Process Flow Sheet at La Cigarra; Phase 3 Metallurgical Test Results Reported

“Results from this latest phase of metallurgical testing on representative samples from the San Gregorio and Las Carolinas resource areas show a significant improvement in overall silver recoveries compared with the Phase 2 program completed in 2012. The latest work indicates the possibility of producing both lead-silver and zinc-silver concentrates and silver dore” said Andrea Zaradic, President & CEO of Northair…

Americas Silver Corporation and Lenders to Amend Terms of Debt and Warrants

Americas Silver Corporation today announced that, subject to standard conditions including definitive documentation, the Company will amend the terms of its C$8.5 million credit agreement between U.S. Silver & Gold Inc. and Royal Capital Management Corporation and certain lenders, executed on August 7, 2013…

Minaurum Gold Closes Second Tranche of Non Brokered Private Placement

Minaurum Gold Inc. is pleased to announce that further to its News Release dated June 24 2015, it has completed a second tranche closing on $450,000. With its second tranche closed, Minaurum has now raised a total of $2,638,750. A finder’s fee of 420,000 shares and 220,000 broker warrants was paid in connection with the second tranche.

El Tigre Announces Shares for Debt Transaction

El Tigre Silver Corp. wishes to announce that it has entered into debt settlement agreements with creditors of the Company pursuant to which the Company has agreed to issue an aggregate of 12,494,118 common shares at a deemed price of $0.085 per Share.

Bacanora Announces Filing of Technical Report on Updated Mineral Resource Estimate for the Sonora Lithium Project, Mexico

BACANORA MINERALS LTD., the Canadian and London listed lithium and borates company focused on Mexico, is pleased to announce the filing of a Technical Report in respect of its Ventana, Fleur and El Sauz concessions that form part of the Sonora Lithium Project in northern Mexico. The Report has been prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects and is entitled, NI 43-101 Mineral Resource Estimate for Sonora Lithium Project, Mexico, May 2015. The lead author of the Technical Report is Mr. Martin Pittuck (M.Sc., C.Eng., MIMMM), who is a “qualified person” within the meaning of NI 43-101 and is independent of the Company. The Report has been filed on SEDAR and is also available for download on the Company’s website.

Alamos and Aurico Merger Receives Court Approval

Alamos Gold Inc. and AuRico Gold Inc. are pleased to announce that they have been granted final court approval from the Ontario Superior Court of Justice (Commercial List) to combine the two companies by way of a plan of arrangement. The Arrangement is expected to close July 2, 2015, subject to applicable regulatory approvals and the satisfaction of other customary conditions.

Quaterra Announces AGM Results

Quaterra Resources Inc. today announced that all resolutions were passed by the requisite majority at its annual general meeting held in Vancouver, British Columbia on June 25, 2015. Smythe Ratcliffe, Chartered Accountants were re-appointed as auditors of the Company for the ensuing year and shareholders approved the Company’s 2015 10% rolling stock option plan.

Gold Resource Corporation Expands Switchback Mineralization Intercepting Multiple High Grade Parallel Veins Including 15.64 Meters of 2.85 g/t Gold, 169 g/t Silver, 0.52% Copper, 1.60% Lead and 10.16% Zinc

Gold Resource Corporation announces new Switchback drill highlights at its El Aguila Project. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned over $104 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

México es el mayor exportador de manufactura: Guajardo

El secretario de Economía, Ildefonso Guajardo Villarreal, destacó que México tiene una relación de comercio exterior de 800 mil millones de dólares anuales y se ha convertido en un exportador de manufactura por excelencia en el mundo.

Goldcorp Releases 2014 Sustainability Report

“We believe transparency is fundamental to building and maintaining trust amongst the people and communities affected by our operations, and our sustainability report is just one of the tools we use to demonstrate that commitment,” said Brent Bergeron, GoldcorpExecutive Vice President, Corporate Affairs and Sustainability…

Gold Resource Corporation Declares June Monthly Dividend

Gold Resource Corporation declares its monthly instituted dividend of $0.01 per common share for June 2015, payable on July 23, 2015 to shareholders of record as of July 13, 2015. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA.

Alamos and AuRico Merger Receives Overwhelming Shareholder Approval

Alamos Gold Inc. and AuRico Gold Inc. are pleased to announce that shareholders of both companies have overwhelmingly voted in favour of the plan of arrangement to combine the two companies at their respective special meetings of shareholders held earlier today.

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.
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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