“This credit facility provides the Company with the time and flexibility required to continue pursuing all available options to build a solid financial foundation,” stated Mark Backens, Interim CEO. “We are committed to unlocking and realizing the true value of our asset base to benefit all shareholders.”
Goldgroup Mining Inc. announces it has entered into a binding letter of intent with Aptus Resources LLC where Aptus will acquire Goldgroup’s rights to the contingent consideration as disclosed in the press release detailing the Caballo Blanco transaction on December 24, 2014.
Gold Resource Corporation today announced new Switchback drill highlights from its El Aguila Project’s Arista Mine including 6.32 meters of 5.87 grams per tonne (g/t) gold, 139 g/t silver, 0.58% copper, 5.00% lead and 8.14% zinc. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned over $108 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.
Riverside Resources Inc. is pleased to announce that exploration work continues with partner Centerra Gold Inc. at the Companys Tajitos Gold Project in Sonora, Mexico. The initial exploration program funded by Centerra Gold over the past two months included extensive continuous rock chip channel sampling and stream sediment sampling. Drill targets are being defined with further work now underway and up to 4,500 metres in drilling expected to follow.
The mineralization at the North Deposit is very similar in metal content to that of the South Deposit. Mineralization extends surprisingly close to surface and also exhibits the same potential for high grade starter pit mining opportunities as are currently being evaluated for the Companys South Deposit, said Darren Koningen, President, Minera Alamos Inc. The deposit may offer a superior initial route to mining operations at the Los Verdes project, potentially eliminating months of waste pre-stripping along with the associated capital costs.
“We completed 2015 with production momentum, low costs, and financial strength from our two mines in stable Americas-only jurisdictions,” saidJoseph F. Conway, Chief Executive Officer. “Although 2015 was a volatile year in the markets we remained focused on delivering our operating plan. We advanced the San Dimas expansion while cutting its estimated capital costs significantly and delivered excellent exploration results across our asset portfolio. We are also well prepared to execute on the planned succession of Ernest Mast to the position of President and Chief Executive Officer and myself to Executive Vice Chairman later this month.”
Orex’s President, Gary Cope says, “This excellent high-grade and thick drilling result is the first hole in the southeastern region of the Sandra Escobar Project. Silver mineralization starts from surface in this hole. While it is still early in the program, silver has been detected in outcrops over a strike length of 700 metres.”
Azures 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 Companys belief that a large mineralising system is present here with potential to host significant precious metal deposits.
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 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…
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