Mammoth Resources Corp. would like to announce that it has been granted a Management Cease Trade Order as a result of the company’s late filing of its year-end audited financial statements and accompanying Management Discussion and Analysis which is due to have been completed and filed on May 31, 2016 for the company’s fiscal year end dated January 31.
Oceanus Resources Corporation is pleased to announce that it has entered into an agreement with Cantor Fitzgerald Canada Corporation and PI Financial Corporation as co-lead underwriters, pursuant to which they have agreed to purchase, on a bought deal basis, 21,739,130 units of the Company at a price of $0.23 per Unit, for gross proceeds to the Company of approximately $5,000,000.
Almadex Chairman, J. Duane Poliquin commented, “We have an outstanding portfolio of mineral projects and we are pleased to have commenced drilling on the most advanced, El Cobre. We are exploring a very large zone of alteration hosting several porphyry systems and expect that this round of drilling will better define the systems for future drilling. These first results are from only one of the targets identified and clearly demonstrate the potential of the Encinal target while providing important data for the drilling we are planning based on these results.”
Colibri Resource Corporation is pleased to announce that it intends to carry out a non-brokered private placement financing to raise gross proceeds of up to $100,000.
Millrock Resources Inc. announces that surface exploration is underway at the Los Chinos and Los Cuarentas gold projects in Sonora State, Mexico. The projects are the subject of a previously-announced option to joint venture agreement with Centerra Gold Inc. Under the option agreement, Centerra can earn a 70% interest by completing US$5.0 million in exploration expenditures over a five-year period at Los Chinos, and US$2.0 million at Los Cuarentas.
Avino Silver & Gold Mines Ltd. is pleased to report voting results in accordance with Section 11.3 of NI 51-102 Continuous Disclosure Obligations. This report briefly describes the matters voted upon and the outcome of the votes at the Annual General and Special Meeting of Shareholders of the Company held on May 27, 2016:
Cyprium Mining Corporation is pleased to announce the appointment of Mrs. Rosario Mundo as Manager of Finance and Administration of all its operations in Mexico. A graduate of the Universidad Autonoma de Chihuahua as Certified Public Accountant, Mrs. Mundo has almost twenty years of experience in the mining sector in Mexico, having worked in senior positions for various subsidiaries of Goldcorp Inc for nearly ten years and more recently with Minefinders Corporation Ltd and Coeur Mining Inc. Mrs. Mundo also has completed post-graduate studies in Business Financing and Personnel Management. Reporting directly to Cyprium’s Chief Executive Officer, Mrs. Mundo will be responsible for accounting, tax matters, audits, financial reporting and budgeting, internal controls, payroll and costs control.
Millrock Resources Inc. reports that the final portion of the non-brokered private placement announced on May 4, 2016 has closed and a total of 10,670,660 Units at a price of $0.29 per Unit were issued for gross proceeds of $3,094,491.40. The Company raised a grand total of $3,596,191.40 in this financing.
Mr. Barry Devlin, Vice President of Exploration, stated, “This latest round of drill results from Switchback continues to define, as well as expand, this impressive polymetallic vein system comprised of multiple en echelon veins. In particular, step-out Hole 516115 expands high-grade mineralization to the southeast where we had thought precious metal grades may have started to decrease. It is also exciting to see some of the highest gold grades drilled to date at Switchback in these latest intercepts. Our primary exploration goal is to continue expanding the Switchback epithermal vein system in the Arista Mine.”
The Company is pleased to announce that exploration field work is currently being conducted by Fresnillo plc on some of the Companys Uruachic properties pursuant to the Option Agreement signed between Minera Delta, S.A. de C.V. (the Companys wholly owned Mexican subsidiary) and Desarrollos Mineros El Aguila, S.A. de C.V. (a Fresnillo plcs subsidiary) dated November 5th, 2015. Sampling and other work is being conducted by Fresnillo personnel and a report on the work will be given to Golden Goliath at the year end.
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