Day: May 9, 2016

Westminster 2016 Guayacan Trenching Program

Westminster Resources is continuing exploration at its 100% owned El Cobre property in Sonora, Mexico. The current program is concentrated on evaluation of epithermal precious metal potential in the Guayacan northwest region of the 17,854 hectare property. The Guayacan epithermal targets are associated with major linear and circular magnetic geophysical anomalies and structures coincident with intense alteration and silicification of host rock units. Most of the mineralized zones are exposed as wide spread float boulders within areas of anomalous soil geochemistry. Mechanical trenching utilizing bulldozer or backhoe equipment in conjunction with prospecting is considered the best exploration practice to locate and sample the source structures.

GoGold Team Receives Key to Parral

Anis Nehme states, “The Municipality of Parral, with a population of 120,000 citizens, wished to recognize the Company’s valuable support for the social and economic development of Parral. This was the first time in the 400 year history of Parral that they have awarded this honor. We were presented with a plaque that reads: The actual handing over of these keys evokes, in our collective imagination, the act of opening the gates of a city rich in history, which is being transformed to make way for a future that awaits the adventurous. I was honoured to receive the Key of Parral on behalf of our team.”

Canarc Sells El Compas Mine Project to Endeavour Silver for CAD$10.5 Million in Endeavour Shares

Canarc Resource Corp. announces that it has signed a definitive agreement with Endeavour Silver Corp. pursuant to which Canarc will sell to Endeavour 100% of the shares of Canarc’s wholly-owned subsidiary, Oro Silver Resources Ltd., which indirectly holds a 100% interest in the El Compas Gold-Silver Mine Project in Zacatecas, Mexico, in consideration for 2,147,239 free-trading common shares of Endeavour, with an aggregate deemed value of CAD$10.5 million.

Fortuna reports consolidated financial results for the first quarter 2016

Jorge A. Ganoza, President and CEO, commented, “We have made a strong start to the year operating well within our production and cost targets and look forward to the commissioning of our key expansion project at the San Jose Mine in July.” Mr. Ganoza continued, “At San Jose’s new production rate of 3,000 tpd, the company will target total annual consolidated production of approximately nine million ounces of silver and fifty-two thousand ounces of gold, with an AISCC below $9.0 per ounce of silver.”

Corex Gold Announces Completion of Financing

Corex Gold Corp. announces that, further to its news releases of April 14, 2016, the Company has subject to final acceptance from the TSX Venture Exchange has completed the non-brokered private placement offering of 20,000,000 units at a price of $0.05 per Unit for gross proceeds of $1,000,000. Each Unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant will be exercisable by the holder to acquire one additional common share at a price of CAD$0.15 for a period of twenty four months following the closing of the financing.

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.

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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.