Month: November 2015

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.

Bacanora Announces Indicated Mineral Resource Increased by Over 300% to 5.0 Million Tonnes of LCE at the Sonora Lithium Project

BACANORA MINERALS LTD., the Canadian and London listed lithium and borates company, is pleased to report an updated Mineral Resource estimate for the Sonora Lithium Project in Mexico, which has seen its Indicated Minerals Resources increase by over 300% to 5 million tonnes of lithium carbonate equivalent. In addition, the Project’s Inferred Mineral Resource has been estimated as a total of 3.9 Mt of LCE contained within the deposit.

Rare Earth Minerals Plc Significant Resource Increase at Sonora Project

Rare Earth Minerals Plc has today reported an updated Mineral Resource estimate for the Sonora Lithium Project in northern Mexico, which has seen its Indicated Mineral Resources increase by over 300% from 1.1 million tonnes to 5 million tonnes of lithium carbonate equivalent. In addition, the Project’s Inferred Mineral Resource has been estimated as a total of 3.9 Mt of LCE, increasing the overall Indicated and inferred resources from 7.4 Mt LCE to 8.8 Mt LCE.

Azure Locks in New Funding for Mesa de Plata

A$5.22 million placement to underpin resource drilling and pre-feasibility work

Significant support from major North American institutions

Substantial shareholder Mr Mark Creasy continues support with a further A$1 million investment

Millrock Announces Private Placement Financing

Millrock President & CEO Gregory Beischer commented, “For this strategic financing – which will be used to acquire several high-potential projects – we were approached by a group of financiers that have previously invested in Millrock. While we are cognizant of the dilution this strategic financing will cause, we believe that the property acquisitions that we intend to make with the proceeds of this financing will ultimately pay off for all Millrock shareholders.”

First Mining Signs Option Agreement With Major Mexican Mining Company, Peñoles

First Mining Finance Corp. is pleased to announce that it has signed an option agreement with Exploraciones Mineras Peñoles, S.A. de C.V., an indirect Mexican subsidiary of Industrias Peñoles S.A.B. de C.V. under which Peñoles may acquire First Mining’s Puertecitos and Los Tamales copper properties located in northern Sonora, Mexico within the prolific Sonora-Arizona, Copper Belt. The region hosts large copper-molybdenum porphyry deposits, such as at the world-class Cananea and La Caridad copper mines. All dollar amounts included in this news release are expressed in U.S. dollars.

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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