Month: February 2016

Oremex Silver Inc. Files Updated Resource Estimate for its Tejamen Silver Project in Durango Mexico

Oremex Silver Inc. announced today that it has filed an updated National Instrument 43-101 technical report in respect of its Tejamen silver project in Durango, Mexico. The report was prepared by Gustavson Associates, LLC of Lakewood, Colorado and provides and updated resources estimate (as of December 10, 2015) for the project. The Report provides an estimated inferred resource of 19.8 million tonnes containing 28.7 million ounces of silver at 45.0 g/t and 15,700 ounces of gold at 0.025 g/t. The Report will be filed under the Company’s profile on SEDAR at www.SEDAR.com.

McEwen Mining Regains Compliance With NYSE Listing Standards

Chief Owner, Rob McEwen, stated: “This is wonderful news and it highlights our strong operational performance in 2015, where we increased our gold/silver production, decreased our production cost/oz., generated free cash flow and steadily built our treasury over the year. Also, during the year we declared and paid our first ever semi-annual capital distribution. Our share price appreciation since July, 2015 reflects the value in exercising financial discipline and resisting the temptation to finance at the bottom of the market. We refused to give away our future upside. We have not and will not sell metal streams, sell royalties or hedge our future production. At this time, we are debt free, we have $33 million in cash and bullion. As you can see, we have no pressure on our balance sheet and we will be paying our second capital distribution on February 12th. This is a great way to start 2016.”

Almadex Minerals Provides Exploration Update and 2016 Program Details

Almadex Chairman, J. Duane Poliquin commented, “We have an outstanding portfolio of mineral projects and we are pleased to commence drilling on the most advanced, El Cobre. At the same time, we also anticipate defining drill targets on other projects so that we can position ourselves to make the next discovery with our in-house exploration and drilling team.”

Steven Goldman to Join Comstock Board

Comstock Metals Ltd. is pleased to announce the appointment of Steven H. Goldman to the Board of Directors. Steven H. Goldman is a senior partner in the Toronto law firm of Goldman Hine LLP….

Canarc Leases Permitted “La Plata” Processing Plant in Zacatecas Mexico

Canarc Resource Corp. announces that it has signed a definitive agreement with the Zacatecas state government to lease and operate the permitted 500 tonne per day “La Plata” ore processing plant in the city of Zacatecas, Mexico, through its wholly owned Mexican subsidiary, Minera Oro Silver.

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.

All News

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.