Month: September 2015

Mexus Gold US – Shareholder Update

Mexus Gold US reaffirmed that the agreement with Argonaut Gold Inc. has been completed in both the US and Mexico. “Relinquishing control of the Julio/Martha Elena property to Argonaut has allowed Mexus to focus on its other properties and ventures,” added CEO Paul Thompson. The company is currently reviewing all of its Mexican properties and is considering offers to do a Joint Venture similar to the deal at the Santa Elena/Julio.

Capstone Mining Announces Spending Cuts in Response to Market Conditions

“As copper prices continue to deteriorate, we have looked at a range of actions to preserve our financial flexibility. We have taken the steps we outlined with our initial 2015 guidance to reduce our overall capital expenditures and have reduced operating costs in order to enhance our financial position and provide sufficient liquidity to execute our operating plan in the current market environment. This includes reducing and deferring capital expenditures at our operating mines, suspending all work on the Santo Domingo project, eliminating non-essential operating and general and administrative expenses and reducing exploration expenditures,” said Darren Pylot, President and CEO of Capstone.

Lowell Copper Ltd. Terminates Santa Marta Option Agreement

J. David Lowell, Chairman and CEO, stated “Given the state of the market we are reducing our exploration activity and will focus our efforts on our Warintza project in Ecuador where conditions are improving. As part of the initial option agreement transaction we became a shareholder of Minaurum and will benefit from any future success at Santa Marta from these holdings.”

Goldcorp declares ninth monthly dividend payment for 2015

GOLDCORP INC. is pleased to declare its ninth monthly dividend payment for 2015 of $0.02 per share. Shareholders of record at the close of business on Thursday, September 17, 2015 will be entitled to receive payment of this dividend on Friday, September 25, 2015.

Drilling Completed at Alacrán

• Maiden drilling program comprising 14 holes for 2,073m completed
• Precious metals (silver-gold) targets were tested at Mesa de Plata, San Simon, Puerto del Oro and Palo Seco
• Copper target tested at La Morita
• Samples have been submitted to the laboratory and assays are awaited

Quaterra Announces Resignation of President and CEO Steven Dischler

Quaterra Resources Inc. today announced that Steven Dischler has resigned as President and CEO and as a director of the Company for personal reasons. Thomas Patton, Chairman of the Board of Directors, will assume the role of President and CEO of the Company.

Starcore Closes Debt Settlement

Further to its press release of August 11, 2015 announcing a proposed debt settlement through the issuance of shares, Starcore International Mines Ltd. announces that it has issued 15,972,810 Subscription Receipts, in full and complete settlement of outstanding debt as at July 31, 2015 in the aggregate amount of US$1,725,371.91 owed to certain creditors. The Receipts were issued at a deemed price of $0.14 per Receipt.

Riverside Continues Exploration Targeting Work At The Glor Gold Project In Sonora, Mexico

Riverside Resources Inc. is pleased with recent exploration work at the Company’s Glor Gold Project, located approximately 8 km west of Alamos Gold’s El Chanate Gold Mine in Sonora, Mexico. Riverside’s recent work included geologic mapping, 44-line kilometers of ground magnetics and rock geochemical sampling. Five drill-ready target zones have been identified. The targets include Alamo, Alamo South, Joya, Pitaya, San Pedro, and Poblado. The targets have key characteristics similar to other major known gold mines in the region and being adjacent to the active operations at Chanate with similar geologic stratigraphy and structure makes Glor a priority district that warrants additional work.

Torex Announces Filing of NI 43-101 Technical Report for its Morelos Property — El Limón Guajes Mine Plan and Media Luna Preliminary Economic Assessment

Torex Gold Resources Inc. is pleased to announce that it has filed a technical report prepared in accordance with National Instrument 43-101 in support of the Company’s news releases issued on July 21, 2015, entitled “Torex announces Updated Mine Plan for its Fully Funded El Limón-Guajes Gold Mine” and “Torex Announces a Positive ‘PEA” for its Media Luna Project including a New Inferred Resources Estimate of 7.4 million Gold Equivalent Ounces”.

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.