Month: November 2015

Red Tiger Reports Quarter Ended September 30, 2015 Results

Comex Grade 1 Copper cathodes production of 299 tonnes for the three months ended September 30, 2015

Copper sales of $1,419,869 for the three months ended September 30, 2015 at an average realized price of $2.15 per copper pound

Total cash costs per copper pound of $1.35 and average realized margin of $0.80 per copper pound for the three months ended September 30, 2015

Aurcana Reports Q3 2015 Financials and Provides Update on Restructuring Transaction

The Company had earnings (losses) from mining operations at La Negra for the quarter ended September 30, 2015 in the amount of ($1.0) million, compared to $0.6 million in Q3 2014, primarily due to weaker metals prices and lower grades of mineralization in mined material, partially offset by lower production costs. Net loss for the quarter increased to ($6.5) million or ($0.08) per share, compared with a net loss of ($3.7) million or ($0.04) per share in Q3 2014.

Nueve comunidades indígenas de Oaxaca dicen no a las mineras

En conferencia de prensa, representantes agrarios de Monte del Toro, El Vergel y su anexo Los Ocotes, San Martín de Los Cansecos, San Matías Chilazoa, Barrio del Progreso, Taniche, Cerro de las Huertas y Magdalena Teitipac de los Valles Centrales denunciaron que 90por ciento del territorio comunal y ejidal, fue concesionado a empresas mineras sin el consentimiento de las comunidades.

Alta Vista to purchase MMPR licenced producer

“The completion of this transaction puts Alta Vista in a select group of public companies”, stated Ian Foreman, president of Alta Vista, “as there are only a handful of public companies with a license to cultivate and sell medical cannabis in Canada under the MMPR system. We are excited about this opportunity to continue to grow RedeCan Pharm into a leader in the industry.”

DynaResource, Inc. Reports Additional Gold Production at San Jose de Gracia

DynaResource, Inc. is pleased to announce that Mineras de DynaResource S.A. de C.V., the 100% owned subsidiary of DynaUSA and the exclusive operator of the San Jose de Gracia Property in northern Sinaloa, México, is reporting the delivery for sale on November 18, 2015 of an approximate 311 Oz gold contained in concentrates (exact weights in gold and silver oz. to be determined at final settlement).

Mexus Gold is Pleased to Announce That Argonaut Gold Has Completed Phase I Drilling at Julio Project Per Option/JV Agreement

Mexus Gold US president Paul Thompson recently returned from Mexico and is happy with his findings at the Santa Elena/Julio site. Mexus has an option/JV agreement with, Argonaut Gold on the project and Argonaut has informed Mexus that on November 16th, they completed their Phase I work program on the Julio project and have fulfilled the initial 6 month work obligation as defined in the Company’s Joint Venture Agreement. During the program, 16 RC drill holes were completed for a total of 1990 meters. Drilling was focused on three main target areas referred to as Los Mantos, Los Cruses, and The Central Zone. All samples have been sent to ALS Chemex for analysis with assays pending. Drill results will be disseminated when they are available.

Excellon Announces Closing of C$6.6 Million Financing

Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to announce that it has completed its previously announced C$6,600,000 financing, comprising C$5,610,000 principal amount of secured convertible debentures of the Company and the sale of a net smelter return royalty on the Platosa Project for C$990,000. References to principal amounts and conversion or exercise prices in respect of the Financing are in Canadian dollars.

Exploration Work Underway With Centerra Gold at Riverside’s Tajitos Gold Project, Sonora, Mexico

Riverside Resources Inc. is pleased to announce that exploration work has commenced with partner Centerra Gold Inc. at the Company’s Tajitos Gold Project in Sonora, Mexico. This first phase of work is already expanding the target size and documenting high quality future drill targets. The initial $300,000 USD exploration program funded by Centerra Gold includes extensive continuous channel rock chip trenching and stream sediment sampling to test the surface expression of grade and continuity of the gold target, which is interpreted to be at shallow depths based upon previous mapping and exploration work completed by Riverside.

Minaurum Raises $2.5 Million

Minaurum Gold Inc. is pleased to announce it has closed the first tranche of a non-brokered private placement raising $2,507,625. Minaurum has issued 50,152,500 common shares at a price of $0.05 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional common share of Minaurum for a period of three (3) years at an exercise price of $0.075. The securities are subject to a four month and one day hold period. A finder’s fee of $147,000 in cash was paid in connection with this financing.

Arian Silver Signs Settlement Deed with Quintana

Arian Silver Corporation, a silver mining company focussed on silver projects in the silver belt of Zacatecas, Mexico, announces that further to its announcement on 29 October 2015 of the termination of the letter of intent and non-binding term sheet with Quintana AGQ Holding Co. LLC, it has now signed an acknowledgement of the Default Notice announced on 3 November 2015 and has further entered into a settlement deed with Quintana AGQ Holding Co. LLC and its affiliates.

Bacanora Announces New Director Appointment

BACANORA MINERALS LTD. The Board of Directors of Bacanora is pleased to announce the proposed appointment of Mark Hohnen as a Director of Bacanora, subject to regulatory approval and finalization of the terms of his appointment.

Millrock Purchases Batamote Copper Project, Sonora Mexico

Millrock Resources Inc. announces that it has entered into an agreement under which it has purchased the Batamote copper project from Minera Teck S.A. de C.V., ultimately a subsidiary of Teck Resources Limited. The property is located approximately 100km northeast of the city of Hermosillo. It is situated between the La Caridad and the Cananea porphyry copper – molybdenum mines, both of which are owned by Grupo Mexico. The property, which is in close proximity to Millrock’s Rio Sonora and Los Cuarentas copper projects, is comprised of three mining concessions that cover a surface area of 5,796 hectares.

Bacterias, nuevos mineros que facilitan la extracción de cobre

“Se está acabando el gigantismo de la minería, la biotecnología podría ser el futuro y con la biolixiviación estamos hablando de optimizar procesos naturales, con menor impacto ambiental y mayor eficiencia”, comentó a la AFP Pilar Parada, gerente general de Biosigma.

McEwen Mining Provides Update on NYSE Listing

“We’ve made good progress in a difficult market. This year we strengthened our balance sheet, increased production, and decreased our costs,” said Rob McEwen, Chief Owner. “I’m not going to take this lying down, I have no intention of being delisted from the world’s premier stock exchange.”

Bearing Provides Update on Proposed Reorganization

Bearing Resources Ltd. is pleased to provide an update on its previously announced corporate reorganization that will transform it from a mineral exploration company to a film, television and digital media company. As announced on May 5, 2015, the Reorganization will include the acquisition by the Company of all of the shares of Odyssey Media Inc., a Vancouver based private company involved in the production and sale of motion pictures. The Company also intends to dispose of all of its mineral assets.

US Precious Metals, Inc. (USPR) Enters into Agreements with J. Streicher Capital, LLC and J. Streicher Advisory, LLC

US Precious Metals Inc., an exploration stage company engaged in the acquisition, exploration and development of mineral properties in the State of Michoacán, Mexico announces the Company has entered into an “Investment Banking” agreement with J. Streicher Capital, LLC, a FINRA registered broker dealer, located in New York City, New York. It also entered into an “Advisory Agreement” with J. Streicher Advisory, LLC, a corporate finance entity.

IIROC Trade Resumption – Yamana Gold Inc.

IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

IMPACT Silver Announces Third Quarter 2015 Financial and Production Results

Fred Davidson, President and CEO, stated, “Our production performance during the third quarter 2015 continues to demonstrate IMPACT Silver’s success and viability as a proven explorer and producer. With nearly a decade of production history, this quarter we generated some of the highest grades in the Company’s history at 214 g/t silver. In combination with stringent cost controls and improving grades, we achieved positive operational cash flow and positive EBITDA of $0.6 million this quarter. Despite lower silver prices persisting in 2015, our focus on profitability and higher grade zones of silver at San Ramon and Mirasol continue to keep IMPACT as a self-sufficient and enviable producer in the Mexican silver space….”

Starcore Board Approves Share Consolidation

Starcore International Mines Ltd. announces that the Board of Directors has approved a resolution consolidating the Company’s share capital on the basis of every four shares of the Company being consolidated to one share.

Millrock Generatres Five New Gold and Copper Projects in Sonora, Mexico

Millrock President & CEO Gregory Beischer commented: “Using the geological database we gained through the purchase of Paget Southern Resources in 2014, and through the knowledge, experience and effort of our Mexico exploration team, Millrock has been able to generate another excellent suite of mineral claims at very low cost. We plan to move these early-stage projects along through our development pipeline and secure funding partners when potential is clearly demonstrated”.

US Precious Metals, Inc. Announces Independent Technical Report for La Sabilia Property

This 40 page report describes the history of our Michoacan, Mexico property as well as geology and geologic history of its mineralization. It discusses in detail the resource estimate based upon the 2015 drilling campaign which primarily focused on the “Main Zone” and areas surrounding the “Main Zone.” It also incorporates the previous drilling campaigns of 2008 and 2010 (a total of 11,300 meters of core was drilled in these three campaigns) along with other historical data. The Report further summarizes ten mineralized zones recognized in the 2200 meter (1.367 mile) strike length.

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