Month: June 2016

Industrias Peñoles ‘brilla’ con el Brexit

La salida de Reino Unido de la Unión Europea está impulsando el valor del el oro y la plata, ante ello Industrias Peñoles presenta un valor de 385.5 por acción en la apertura de la Bolsa Mexicana de Valores.

Primero Closes C$51.75 Million Bought Deal Offering

Primero intends to use the net proceeds from the Offering for exploration and development at the Company’s San Dimas and Black Fox mines as well as for working capital and general corporate purposes.

Quaterra Announces AGM Results

Shareholders voted in favour of setting the number of directors at five. The following four incumbent directors were re-elected: Thomas Patton, John Kerr, LeRoy Wilkes and Terry Eyton. Gerald Prosalendis was elected for the first time as a fifth director.

SilverCrest Reports Results of AGM

Shareholders voted in favour of all items of business, including fixing the number of directors at six and the re?election of each of the director nominees: Dunham L. Craig, N. Eric Fier, Ross O. Glanville, Barney Magnusson, George W. Sanders and Graham C. Thody. In addition, shareholders voted and re-appointed Davidson & Company LLP, Chartered Professional Accountants, as auditor of the Company and approved the Company’s “rolling 10%” Stock Option Plan and its Advance Notice Policy.

Bacanora Announces Proposed Re-Domicile to the UK

BACANORA MINERALS LTD., the AIM and TSX Venture Exchange listed lithium and borates company focussed on Mexico, announces that it plans to re-domicile its governing corporate jurisdiction from Canada to the UK. The Board of Bacanora has made its decision to re-domicile in consideration of the success of the Company’s AIM listing and the positive reception from UK investors, as demonstrated by the addition of two major institutions to its shareholder register in the last eight months. The decision also reflects the fact that the Company’s senior management team is increasingly based in the UK. The Board anticipates that the re-domicile will result in significant cost and administrative savings for the Company and its subsidiaries.

Great Panther Silver Reports Fatality at Guanajuato

“We feel great sadness over the loss of one of our colleagues, and we offer our sincere condolences to his family and friends,” stated Robert Archer, President and CEO. “The safety of employees and contractors remains the top priority for the Company and we are continuing with a complete safety review across all of our operations that began earlier in the year.”

Canarc Announces Results of its Annual General Meeting

Canarc Resource Corp is pleased to announce the voting results from its Annual General Meeting held on June 21, 2016 in Vancouver, British Columbia. Shareholders voted in favour of all items of business including the re-election of each director nominee.

Golden Goliath Resources – Update on San Timoteo 2016 Work Program

The 2016 program on San Timoteo involved using the Company’s Terraspec machine to analyze clay minerals from existing drill core and other samples especially from the area of the 500 level San Martin adit. This will allow the company to build a 3D model of clay mineralogy which will aid in the planning of future drill holes.

IMPACT Silver Announces the Retirement of Mr. Richard Younker and the Appointment of Mrs.Tiffany Dang as Chief Financial Officer of the Company

IMPACT Silver Corp. announces that Mr. Richard Younker, CPA, CA, CMC, its Chief Financial Officer, is retiring effective June 30, 2016 after more than ten years of working with the Company. Mr. Younker will be joining a newly formed advisory board for the Company so that we may continue, from time to time, to have access to his knowledge and expertise.

Starcore Regrets to Report a Fatality at its San Martin Mine

“We are deeply saddened over the loss of our colleague, an experienced underground miner at our San Martin Mine,” said Robert Eadie, President & Chief Executive Officer of the Company, who flew to Mexico upon hearing of the fatal accident. “Work-related losses are tragic and felt grievously by Starcore and our communities, and we extend our deepest sympathies to our colleague’s family and friends. The safety of our employees is of utmost importance for Starcore and we will continue to take every measure to eliminate all workplace accidents and ensure the workplace is safe for everyone.”

Morro Bay Updates Status of the Peñoles Joint Venture

John Zang, CEO of Morro Bay, stated “Assuming all of the terms and conditions of the Amending Agreement are met, this will result in Morro Bay having no further interest in the Peñoles Project. Morro Bay is currently considering other business opportunities”.

Goldgroup Announces Commercial Production at Cerro Prieto

“We look forward to Cerro Prieto’s strong contribution to our growth profile over the coming years,” said Keith Piggott, Chairman, President and CEO of Goldgroup “The mine is expected to be a significant contributor for many years to come.”

Sierra Metals Announces Results of Annual General Meeting

A total of 118,030,977 common shares were represented at the meeting, being 72.89% of the Company’s issued and outstanding shares. Shareholders voted in favour of all matters brought before the meeting including the re-appointment of PricewaterhouseCoopers as auditors for the ensuing year, and the election of management’s nominees as directors.

DynaResource, Inc. Reports Additional Gold Production at San Jose de Gracia

DynaResource, Inc. is pleased to announce that Mineras de DynaResource S.A. de C.V., the 100% owned subsidiary of DynaUSA and the exclusive operator of the San Jose de Gràcia Property in northern Sinaloa, México, is reporting the delivery for sale, on June 18 and June 20, 2016, of an approximate 750 Oz. gold contained in concentrates (exact weights in gold and silver Oz. to be determined at final settlement).

Minera Alamos Inc. Advances La Fortuna with the Acquisition of Mineral Processing Plant

“The opportunity to acquire and fully pay for this facility, at a significant discount, marks substantial progress in the development of the La Fortuna project,” said Darren Koningen, President of Minera Alamos. “The Company continues to evaluate metallurgical alternatives that would allow us to increase gold production from the project resource by up to 50% based on what would be expected under the heap leaching models considered by previous owners. We continue to aggressively take advantage of the rare opportunities current markets are providing.”

Oceanus Resources Corporation Completes C$5.75 Million Bought Deal Financing

Oceanus Resources Corporation is pleased to announce that it has closed its previously announced bought deal offering of 25,000,000 units of the Company at a price of C$0.23 per unit which includes 3,260,870 units issued pursuant to the exercise in full of an over-allotment option, for gross proceeds to the Company of C$5,750,000.

Recibe MINERA SANTA RITA el Distintivo “México sin Trabajo Infantil” (MEXSTI) en la Ciudad de México por parte del Secretario del Trabajo y Previsión Social del Gobierno de la República.

En ceremonia realizada en la Secretaría del Trabajo y Previsión Social, encabezada por el Alfonso Navarrete Prida, Minera Santa Rita, empresa del Corporativo Alamos Gold, recibió el Distintivo México Sin Trabajo Infantil por la implementación de políticas de responsabilidad social para prevenir y erradicar el trabajo de menores, mismo que fue entregado a Omar Blasco Gerente de Seguridad y Salud de Minera Santa Rita.

Canasil $2,400,000 Non-brokered Private Placement Over-subscribed And Increased to $2,560,000

Canasil Resources Inc. announces that the non-brokered private placement of 7,500,000 units at a price of $0.32 per Unit for total gross proceeds of $2,400,000 announced on June 7, 2016, is over-subscribed. The placement has been increased to 8,000,000 Units for total gross proceeds of $2,560,000. A finder’s fee may be paid with respect to all or part of this Placement. The terms of the Placement are subject to acceptance by the TSX Venture Exchange.

Fortuna Silver Mines Inc. – Early Warning Report

Fortuna Silver Mines Inc. announces that it acquired for a purchase price of C$1.5 million, direct ownership of 10.0 million units of Medgold Resources Corp., of 200 Burrard Street, Suite 650, Vancouver, BC V6C 3L6, at a price of C$0.15 per Unit on June 17, 2016. Each Unit consists of one common share of Medgold and one warrant to purchase an additional common share of Medgold exercisable at a price of C$0.15 per share for one year.

Geologix Enhances Management Team And Announces $1,105,000 Unit Offering

Geologix Explorations Inc. is pleased to announce the appointment of Mr. Kiran Patankar as President and CEO of the Company. Mr. Patankar will succeed Dunham Craig, who has been appointed Chairman of the Board. Past Chairman, George Brack, has been appointed Lead Independent Director.

Cyprium Mining announces assays results averaging 37% Zn and provides an update from the Potosi Silver Mine

Mr. Alain Lambert, Chairman and CEO of Cyprium stated: “The results announced today are part of an ongoing exploration program to evaluate the potential of different known mineralization in the Potosi mine. The Santo Domingo body where the samples were taken, also known as Main Silicate body, was partly mined in the past and efforts are underway to determine the volume and grades of remaining material. This area is not accessed by the recently rehabilitated Potosi No. 3 shaft that will be used to provide services such as compressed air and for haulage of broken mineralized rock from Tunel body on levels 2-4 (see News Releases of June 9 and 13, 2016) where underground development and exploration will begin shortly.”

Fortuna Reports Results of Annual General Meeting

A total of 87,428,866 common shares were represented at the meeting, being 67.0% of the Company’s issued and outstanding shares. Shareholders voted in favour of all matters brought before the meeting including the appointment of auditors for the ensuing year, and the election of management’s nominees as directors.

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