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.”

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.

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.

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…

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…

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.