Day: June 3, 2015

Excalibur Sells Minera Catanava

Excalibur Resources Ltd. has sold its 49% interest in Minera Catanava to its 51% partner Minera Apolo for US$75,000. Over a period of 4 years, the plant was unable to generate positive cash flow, due to lower than expected average grades, recoveries and concentrate purchase prices. In addition, there were ongoing equipment breakdowns, low volumes, water shortages, etc such that there was no justification for further investment.

Marlin Gold Closes Equity Financing

Marlin Gold Mining Ltd. is pleased to announce that it has completed its previously announced non-brokered private placement of common shares. Pursuant to the Equity Offering, Marlin issued 23,214,286 common shares of the Company at a price of $0.56 per Common Share for aggregate gross proceeds of approximately $13,000,000.

Cyprium Mining announces plans to double the capacity of Aldama plant in Mexico

Cyprium Mining Corporation is pleased to announce details regarding the expansion plans of its flotation plant located in Aldama, Mexico. The plan has two main objectives. The first objective is to optimize plant processes and improve efficiencies to maximize recoveries in order to ensure satisfactory margins. The second objective is to double the current plant capacity to 200 tons per day. The planned investments, which started in May, should take about four months and total approximately US $400,000.

Excellon Reports on the Passing of Peter Crossgrove, Chairman

“Today we mourn the passing of a great figure in Canadian mining,” commented Brendan Cahill, President and Chief Executive Officer. “He was an entrepreneur who experienced success in many industries worldwide. He was a connector of people and ideas who asked for nothing in return. He was selfless in his work and fundraising for charitable causes. He was an exceptional mentor, for so many as well as myself. Our deepest condolences go to Peter’s family and all of the people he touched over the years.”

Gainey Receiving Material Shipment from Cosala Mining Corp. Owned by Ignacio Echavarria Valenzuela

Gainey Capital Corp. is pleased to announce that it has signed a Confidentiality Agreement with Ignacio Echavarria Valenzuela of Cosala Mining Corp. Gainey is in the process of receiving mineralized material from a number of Cosala’s concession holdings located in the Sierra Madre mining district in the state of Sinaloa, Mexico. This shipment of material is to be sampled and assayed at Gainey’s, 100%-owned, 300-tpd Processing Centre, which is in close proximity to Cosala’s properties.

Levon Shareholders and Optionholders Vote in Favour of the Plan of Arrangement Involving Scivac Ltd. and 1027949 B.C. Ltd.

Levon Resources Ltd. is pleased to announce that Levon’s shareholders and option holders have voted today at the special meeting of Security holders to approve the previously announced plan of arrangement involving SciVac Ltd., Levon and 1027949 B.C. Ltd. The Arrangement was approved by 97.64% of the votes cast by Shareholders and 98.06% of the votes cast by Security holders, voting together as a single class, at the Meeting.

Premier Announces Non-Brokered Private Placement

PREMIER GOLD MINES LIMITED is pleased to announce that it intends to complete a non-brokered private placement of common shares at a price of Cdn$2.35 per share, for aggregate gross proceeds of up to approximately Cdn$20,000,000. Goldcorp Inc. will participate in the private placement in the amount of Cdn$12.5 Million.

Our company BYLSA DRILLING provides drilling services in a variety of environments, ranging from typical exploration sites to extreme topographic conditions, always with the highest quality and safety standards.

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