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.

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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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.