Month: December 2015

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.

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.

“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…”

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.

GOLDCORP INC. would like to remind holders of shares of Canplats Resources Corporation, that the sunset clause on exchanging Canplats shares for cash consideration expires on February 4, 2016. On February 4, 2010, Goldcorp completed the acquisition of all the outstanding shares of Canplats under a Plan of Arrangement.

“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.

“Los Verdes is a modestly sized project with outstanding ore grades” said Minera Alamos CEO Chris Frostad. “By applying sensorbased sorters to the process we are able to super charge the economics of the project and deliver the results of a much larger mine”.