Day: September 28, 2015

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.

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.

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