Month: October 2015

Mexus Commences Drill Pad Construction for Argonaut

Mexus Gold US President/CEO Paul Thompson today announced that Argonaut Gold has been granted a permit by SEMPRAS to begin drilling at the Julio/Martha Elena property. Argonaut has contracted with Mexus to build roads and drill pads as necessary. The company began this work on October 16 [th] . Added CEO Thompson, “I feel as if Argonaut is ahead of schedule and am pleased with the progress to date.”

Alamos Announces Change to its Board of Directors

Alamos Gold Inc. today announced that Scott Perry has resigned from the Company’s Board of Directors following his appointment as Chief Executive Officer of another intermediate gold producer.

Cyprium Mining Announces Private Placement, Update on Proposed Potosi Joint Venture

Alain Lambert, Chairman and CEO of Cyprium stated: “Following our announcement on the proposed joint venture for the exploitation and exploration of the Potosi silver mine located in the historic silver rich mining district of Santa Eulalia in Mexico, we were approached by investors wanting to participate in our future growth by way of equity. We had originally planned to finance this transaction solely from the proceeds of the previously announced non-dilutive placement of bonds of Cyprium in the aggregate amount of US$4,500,000. We view the investors’ interest, especially in today’s market environment, as a strong show of confidence for the Company and we have decided to proceed with this equity financing.”

Aurcana Corporation Announces Restructuring Transaction and Amendment of Senior Secured Credit Facility

Aurcana’s Board of Directors has determined that the Restructuring Transaction is in the best interests of the Company and its stakeholders under the circumstances. The Restructuring Transaction will result in, among other things, an elimination of all debt obligations outstanding under the Facility on implementation of the Restructuring Transaction. The net result of the transaction will see Aurcana relinquishing control over its operations and subsidiaries in Mexico, the Shafter Silver Project will become Aurcana’s principal property asset and there will be sufficient cash in the treasury to meet the Company’s intermediate-term obligations and advance its asset base.

New High Grade Silver Zone Identified at Mesa de Plata

• New zone of silver mineralisation identified near recently announced Mesa de Plata silver discovery (refer ASX release 16 September 2015)

• High grade silver assays returned from outcrop sampling, include: 369g/t Ag 181g/t Ag 148g/t Ag 136g/t Ag 116g/t Ag 103g/t Ag

• Mineralisation is hosted in the same vuggy silica rock unit as the nearby Mesa de Plata discovery

• Diamond drill program currently underway at Mesa de Plata for mineralogical and metallurgical studies

Sierra Metals Reports Production Increase of 9% at its Bolivar Mine and 75% at its Cusi Mine in the Third Quarter 2015

Mark Brennan, President and CEO of Sierra Metals, commented: “The Company continues to implement best practices and modern methodologies as we work to increase production in the coming years. Recognizing lower production in the short-term at Yauricocha as we work to make these changes, we are pleased that the Company has still maintained a solid quarter of production, including record silver equivalent production and plant throughput at our Cusi Mine. The quality of our assets, operated by our skilled teams, enables us to continue on the path towards meeting 2015 production guidance.”

Argonaut Gold Announces Third Quarter 2015 Production of 28,876 Gold Equivalent Ounces

Argonaut Gold Inc. announced today that it produced 28,876 gold equivalent ounces during the third quarter ended September 30, 2015. This included 17,297 GEOs at its 100% owned El Castillo Mine located in the State of Durango, Mexico and 11,579 GEOs at its 100% owned La Colorada Mine located near Hermosillo, Mexico. Argonaut is well positioned to achieve its full year production guidance of 135,000 to 145,000 GEOs.

Morro Bay Begins Trading on OTC Pink

Morro Bay Resources Ltd. is pleased to announce that its common shares have commenced trading on OTC Pink, the open marketplace of the U.S. Over-the-Counter markets, under the symbol MRRBF.

Alamos gold Declares Semi-Annual Dividend

Alamos Gold Inc. today announced that the Company’s Board of Directors has declared a semi-annual dividend of US$0.01 per common share. This represents the Company’s 12th consecutive semi-annual dividend and once again demonstrates its commitment to returning value to shareholders.

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.

All News

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.