Month: January 2016

Azure Minerals Ltd. – Resource Drillout Completed at Mesa de Plata, Further Potential Identified

Azure’s Managing Director, Mr Tony Rovira said, “Our exploration is continuing and studies by our geologists and external consultants indicate that the alteration and mineralisation styles at Mesa de Plata and in nearby areas are typical of other lithocap-hosted, epithermal gold and silver deposits in Mexico and elsewhere in Latin America. This supports the Company’s belief that a large mineralising system is present here with potential to host significant precious metal deposits.”

Almaden Files Updated Preliminary Economic Assessment Technical Report for Its Ixtaca Gold-Silver Deposit, Mexico

Almaden Minerals Ltd. announces that the independent NI 43-101 Preliminary Economic Assessment Update Technical Report, for its gold-silver Ixtaca Deposit, Mexico, has been completed and filed on SEDAR. A summary of findings from the PEA were announced in Almaden’s press release issued December 9th, 2015. The full report, “Preliminary Economic Assessment of the Ixtaca Project”, prepared by Moose Mountain Technical Services can be obtained from www.sedar.com…

Bacanora Announces Consultancy Agreement and Option Grant

BACANORA MINERALS LTD. is pleased to announce the entering into of a consultancy agreement in respect of the liason with and procurement of potential purchasers for the Company’s lithium products. The agreement is with a private company that is controlled by Mark Hohnen, who is a proposed nominee for election to the Board of Bacanora whose approval as a director remains subject to final regulatory approval. The consultancy agreement is for a period of eighteen months, subject to early termination by either party upon one month notice…

Colibri Appoints New Directors and Officers

Colibri Resource Corporation is pleased to announce the appointments of Mr. Edward Stringer as the Company’s new President, CEO and a Director, Mr. William D. Macdonald , as a Director of the Company, and Mr. Jacques F. Monette , as a Director of the Company effective January 4, 2016 .

Endeavour Silver Updates Reserve and Resource Estimates; Deep Drilling Intersects Highest Grades Yet at Terronera

Bradford Cooke, CEO of Endeavour, stated, “We are gratified to have replaced our P&P reserves and boosted our M&I silver resources given the challenging metal price environment last year. Our exploration efforts were successful in identifying new mineralization at each mine and the Terronera mine project should be a significant driver of new reserves and resources in 2016.”

New Gold Exceeds Guidance With Record 2015 Gold Production And Provides 2016 Operational Outlook

“We had a very solid year operationally and financially in 2015, despite the challenging market conditions,” stated Randall Oliphant, Executive Chairman. “Our operations delivered record gold production that exceeded guidance and our low costs continue to enable us to generate a robust margin even at lower gold prices. At the same time, we successfully advanced our portfolio of growth projects. We completed the New Afton mill expansion project ahead of schedule and under budget and made significant progress in the construction of Rainy River. Importantly, we also strengthened our financial position by$330 million with the completion of the Rainy River stream sale and El Morro transaction.”

Timmins Gold Signs New Credit Facility Term Sheet

Timmins Gold Corp. is pleased to announce that it has signed an indicative term sheet with Sprott Resource Lending Partnership and Goldcorp Inc., which outlines the material terms of an amended and restated credit facility that is expected to replace the existing credit facility.

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