Month: September 2015

NWM Mining Corporation Completes Arrangement

NWM Mining Corporation, GFM Mineria, S.A.P.I. de C.V., and SFM Holding, S.A.P.I. de C.V. announce today that the previously announced plan of arrangement among NWM, GFM, SFM, and the Company’s lender, Global Resource Fund has been completed. As previously announced, orders were received from the Ontario Superior Court of Justice (Commercial List) approving the Arrangement and NWM shareholders overwhelmingly voted in favour of the Arrangement. Under the Arrangement, NWM shareholders will receive Cdn$0.005 in cash for each NWM common share held.

Oro Silver Closing Extended to October 15, 2015 by Mutual Agreement

Canarc Resource Corp. announces that it is in the final stages of completing the definitive agreement with Marlin Gold Mining Ltd. whereby Canarc will acquire 100% of the shares in Marlin’s wholly owned subsidiary company, Oro Silver Resources Ltd., which owns the fully permitted El Compas Gold-Silver Mine Project in Zacatecas, Mexico.

Gold Resource Corporation Declares September Monthly Dividend

Gold Resource Corporation declares its monthly instituted dividend of $0.01 per common share for September 2015 payable on October 23, 2015 to shareholders of record as of October 12, 2015. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA.

New President of Municipio Removes Access Restrictions at Boleo

Baja Mining Corp. is pleased to report that further to its news release on September 17, 2015, the access restrictions imposed at the Boleo mine site by the Municipality of Mulegé were removed on September 25 by the newly elected Presidente of the Municipio. The mine and plant are returning to normal operations. Mr. Tom Ogryzlo, Interim CEO of Baja, together with Baja’s VP of Metallurgy and CFO, intend to effect a site visit in late October.

Oroco Negotiates Payment of Goldgroup Mining Inc. Notes

Oroco Resource Corp. announces that, further to its news release of September 16, 2015, it has agreed with Goldgroup Mining Inc. to a revised payment schedule for the US$950,000 outstanding from the two promissory notes issued by Goldgroup to the Company. Pursuant to the agreement, Goldgroup will have until November 16, 2015 to enter into a formal debt payment agreement with the Company, pursuant to which it will pay the Company US$300,000 on signing, US$20,000 per month, commencing October 1, 2015 until September 15, 2016, with the balance of the remaining principal on or before that date. The outstanding principal will bear 12% interest, payable monthly in arrears….

Silver Spruce Announces Non-Brokered Private Placement

Silver Spruce Resources Inc. wishes to announce that it is arranging a non-brokered private placement of up to 20,000,000 units for gross proceeds of $2,000,000. The gross proceeds of the financing shall be used to progress exploration on the Pino de Plata Project in Mexico and for working capital. The Company will pay all reasonable expenses and fees incurred in connection with the Offering and Agents will be paid a negotiated cash fee as a percentage of the gross proceeds raised in the Offering.

GoGold Drills 8 Metres of 18.71 g/t Gold from Surface at its Santa Gertrudis Gold Mine Mexico and Commences Exploration on Viviana Fault

GoGold Resources Inc. is pleased to announce that Santa Gertrudis continues to deliver numerous high grade gold intercepts in the proposed open pit zones at the Santa Gertrudis Gold Mine in Sonora, Mexico. Holes reported below on the Viviana Fault structure have not been included in the previously released resource study. The company is continuing to advance Santa Gertrudis to reestablish gold production at the mine. The highlight of the new holes drilled include GGDOR-016 which intersected 17 metres of 5.35 g/t gold in the Dora Pit; GGGR-005 drilled at the Greta Ontario zone starting at surface of 8 meters of 18.71 g/t gold including 5 metres of 29 g/t gold; and GGCNW-004 in the Corral pit of 13.7 Metres of 3.22 g/t gold…

Avino Commences Concentrate Shipments Under Samsung Agreement

“We are pleased to report the first shipments of concentrate under the agreement with Samsung are now underway. These shipments represent significant operational and corporate milestones and we expect them to be the beginning of an exciting new chapter in Avino’s growth and development.

Azure Minerals Ltd. – Alacran Silver Discovery Enhanced by More High Grade Sampling Results

• Mineralised strike length extended to the north for a further 200-250m, now
up to 900m
• Area of outcropping silver mineralisation is estimated at 160,000m2
• Outcrop sampling returns high grade silver assays, including 489g/t Ag,
152g/t Ag & 137g/t Ag
• Mineralisation is contained in the same rock unit as the nearest drill
intercept: LM-09: 9m @ 1,235g/t Ag from 3.0m depth

Fresnillo has Completed $6 Million Investment in the Coneto Project with Orex

Orex Minerals Inc. is pleased to announce that project partner Fresnillo PLC, has confirmed that they have met the exploration expenditures of the Second Investment Option stage on the Coneto Gold-Silver Project in Durango, Mexico. The project will proceed as a joint venture, with ownership of 55:45 % between Fresnillo and Orex.

Morro Bay Closes Private Placement Financing

Morro Bay Resources Ltd. is pleased to announce it has closed its Private Placement previously announced July 29, 2015. The Private Placement consists of the issuance of a total of 2,775,652 Units at a price of $0.05 per unit for gross proceeds of $138,782.57.

Minera Alamos Inc. Initiates Ore Sorting Test Work

Minera Alamos Inc. today provided an update on test work currently underway in their evaluation of sensor-based ore sorting techniques for its 100% owned Los Verdes copper-molybdenum project in Sonora, Mexico.

Colibri announces effective date of share consolidation

Colibri Resource Corporation is pleased to announce that further to receipt of the required shareholder and TSX Venture Exchange approval, the Company intends to implement its previously announced proposed share consolidation of all of its issued and outstanding common shares on the basis of one post-consolidation share for every fifteen pre-consolidation Shares.

Orex Shareholders, Optionholders and Warrantholders Vote in Favour of the Plan of Arrangement between Orex and Barsele Minerals Corp. and Approve All Annual Matters

Orex Minerals Inc. is pleased to announce that Orex’s shareholders, optionholders and warrantholders have voted today at the annual and special meeting of Orex Securityholders to approve the previously announced plan of arrangement between Orex and Barsele Minerals Corp, Orex’s wholly-owned subsidiary. The Arrangement was approved by 99.87% of the votes cast by Shareholders and Optionholders, voting together as a single class, and 100% of the votes cast by Warrantholders, voting as a single class, at the Meeting. Additionally, all annual matters that were put before Shareholders at the Meeting were approved. In particular, Orex is pleased to announce the re-election of Gary Cope, Ross Wilmot, William Henry White, Arthur Freeze and Rick Sayers to its board of directors…

Azure Secures Funding to Advance Mexican Silver Discovery

• Mr Mark Creasy increases shareholding in Azure via A$1 million share placement

• Additional A$500,000 in funding secured from New York-based resources fund

• Funding will allow Azure to rapidly progress Mesa de Plata silver discovery

First Mexican Forms JV to put Guadalupe Property into Production

First Mexican Gold Corp. is pleased to announce that it has signed a non-binding letter agreement with Link Natural Resources FZC, a private entity in the United Arab Emirates (Dubai), to enter into a 50/50 Joint-Venture with the intent of putting the Karen zone into production at the Company’s Guadalupe property in Sonora, Mexico. The agreement is subject to a 30 day exclusive due diligence period.

Canarc Closes $0.69 M Private Placement Financing and Extends Warrants

With the close of this equity financing, the Company is now working to complete the definitive agreement with Marlin Gold Mining Ltd. whereby Canarc will acquire 100% of the shares in Marlin’s wholly owned subsidiary company, Oro Silver Resources Ltd., which owns the fully permitted El Compas Gold-Silver Mine Project in Zacatecas, Mexico.

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