Month: December 2015

Northair Reports Follow-up Sampling at Nogalera Zone, La Cigarra Project, Mexico

Andrea Zaradic, (President & CEO of Northair) commented, “We are very excited about the recent field results from the mapping and sampling program completed by the Company within the Nogalera area. These results further support the possibility of a mineralized body on the western flank of the La Cigarra resource area (the “West Flank”), which displays similar structural geometry as identified at Las Carolinas. Fieldwork will progress at Nogalera as the Company continues to gather additional information on this important target.”

Oroco Settles Sonoran Lawsuit

Oroco Resource Corp. announces that it has received a Dismissal Order with regard to the remaining claims by Sonoran Resources LLC. and SR Servicios Mineros, S.A. de C.V.’s against the Company and Minas de Oroco Resources, S.A. de C.V. The Order, which dismisses the matter with prejudice, was issued as a result of a settlement agreement between all the parties to the matter pursuant to which the Company agreed to pay Sonoran $49,000 in full settlement of all Sonoran claims, which originally were in excess of US$3,000,000. The Company has paid the first half of this amount, with the balance due on January 31, 2016.

Positive Metallurgical Testwork Results From Mesa de Plata

Managing Director, Mr Tony Rovira commented, “Metallurgical recovery was always going to be critical to this deposit and these very favourable results provide us with the confidence to continue progressing the project with further development studies.”

Chesapeake Gold Corp.: Metates Updated Pre-Feasibility Study to Be Released in Early Q1 2016

Chesapeake Gold Corp. wishes to report on the current status of the updated pre-feasibility study on its 100% owned Metates project located in Durango State, Mexico. Chesapeake and M3 Engineering &Technology together with several industry leading international consultants have finished all of the engineering studies and are near completion of all capital and operating cost estimates related to the updated PFS. The Metates project hosts one of the largest undeveloped gold, silver and zinc reserves in the world not controlled by a major gold producer.

Odyssey Marine Exploration Executes $21 Million Deal, Retires all Bank Debt, and Retains a Financial Interest in Future Shipwreck Projects

“This agreement allows Odyssey to immediately monetize shipwreck assets, continue to perform world-class deep-ocean shipwreck search, archaeology and recovery, and to retain upside potential from the assets we’ve created over the past 20 years,” said Mark Gordon, Odyssey’s CEO. “I’ve stated for the past nine months that although we intended to focus corporate capital on the mineral exploration side of the business, we do not intend to abandon our shipwreck roots…”

Fortuna provides year-end update for the San Jose Mine, Mexico

In December of 2014, the company announced the expansion of the mill to 3,000 tpd and the construction of a dry stack tailings deposit and filter facility. Construction activities for both projects are moving ahead according to plan and are below budget.

McEwen Mining New Financial Management Appointments

McEwen Mining Inc. is pleased to announce that Andrew Elinesky has been promoted to Senior Vice President & Chief Financial Officer, and Andrew Iaboni has been promoted to Vice President, Finance.

“I’m delighted to announce these two key appointments. Andrew Elinesky and Andrew Iaboni bring a great deal of knowledge and experience about our current and future operations, a strong work ethic, and technical financial expertise necessary for these demanding finance positions,” said Rob McEwen, Chairman and Chief Owner.

Starcore Reports Q1 2016 Results

“We have steadied our production from the mine this quarter and expect to continue at this pace into the new year. We will be commencing operations at Altiplano, the new concentrate processing facility in Matehuala, with a view to ramping up to full production in 2016.” reported Robert Eadie, President of the Company.

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