Year: 2016

Colibri Resource Announces AGM and Special Meeting Results

Colibri Resource Corporation announces the results of its Annual and Special Meeting held on May 27, 2016. Of the shares voted, at least 99% were in favour of all management resolutions proposed in the Company’s Management Information Circular.

Álamos Gold recibió el Outstanding Business Award otorgado por la Cámara de Comercio Canadiense en México.

En el marco del evento CANCHAM DAY2016 – Business Beyond Borders, mismo que se llevó a cabo el pasado jueves 26 de mayo, en el Hotel Camino Real Polanco, de la Ciudad de México, El Dr. Luis Chávez Martínez, Senior Vicepresidente México de Álamos Gold Inc. recibió el premio Outstanding Business Award (COBA) otorgado por la Cámara de Comercio Canadiense en México CanCham, por las acciones de Responsabilidad Social Empresarial llevadas a cabo por Minera Santa Rita, empresa filial de Álamos Gold Inc. especialmente en su participación con el proyecto, Taller de Costura que se creó para dar empleo a mujeres del Ejido 16 de Septiembre en el Municipio de Altar, Sonora.

Red Tiger Reports Quarter Ended March 31, 2015 Results

As reported previously, Copper production from the Company’s leaching operations began to decline in September 2014. Investigation of the cause revealed that a sudden and unprecedented occurrence of clay materials had appeared in the ore in the south pit of the mine where the last few benches of material from a “slip” (i.e., material higher up in the mine that slid down a slope as a result of being located along a fault zone,) area were being mined. This clay material was mixed with ore sent to the crusher and distributed onto the leach pad with a dozer. This resulted in a top layer of low permeability of the heap (i.e., stacked ore on the leach pad), greatly reducing the overall permeability of the heap and hence reducing the percolation of fluid flow through the heap to the SX/EW plant.

Silver Bull to Complete Private Placement of CDN$1,000,000

Silver Bull Resources, Inc., is pleased to announce its intention to complete the second and final tranche of the non-brokered private placement of units of the Company announced on May 12, 2016. The Units will be issued at a price of CDN$0.13 per Unit. Each Unit will consist of one common share in the capital of the Company and one Common Share purchase warrant. Each Warrant shall entitle the holder thereof to acquire one common share at a price of CDN$0.16 until the date that is 12 months following closing of the Private Placement. If the closing price of the common shares of the Company on the OTCQB Venture Marketplace is US$0.18 or higher for five consecutive trading days then the Warrant will expire thirty trading days from such fifth consecutive day.

Wealth Completes Listing on OTCQB® Exchange

“Wealth believes that this upgraded listing will provide good support for the Company’s newly implemented US investor relations program. The Company has seen an increase in U.S. trading over the past few weeks and we recognize and appreciate our US shareholders.” stated Henk van Alphen, Wealth’s President & CEO, “This upgrade, together with Wealth’s recently announced listing in the Mergent Manuals and News Reports ™, clears the way for greater liquidity in the US.”

Mexus Gold US: Santa Elena Mine Update

Mexus Gold US announced that work on the Santa Elena mine is progressing as planned. On My 24th, representatives from MarMar holdings and Mexus held a meeting and adopted a mining plan with numerous items being discussed and agreed upon. Out of this meeting came the decision to obtain a blasting permit in the name of the JV as opposed to using a blasting contractor. The parties can control costs and manage the process more efficiently than using an outside vendor. It will take 4 to 6 weeks to obtain this blasting permit allowing time for our partner to bring in additional equipment. In the end, this property will be brought into full production faster and much larger than first anticipated.

IMPACT Silver Announces First Quarter 2016 Financial and Production Results

Fred Davidson, President and CEO, stated, “Despite lower average silver prices in Q1 2016 compared to Q1 2015, the Company managed to increase production by 9% and reduce its operating expenses by 6% or $0.2 million over the same period last year. The Company’s strategy of focusing on higher grade mineral on both the exploration and production fronts is proving effective. Our production performance during the first quarter 2016 continues to demonstrate IMPACT Silver’s success and viability as a proven explorer and producer. In combination with stringent cost controls and improving grades, we achieved positive operational cash flow and positive EBITDA of $0.2 million this quarter. Despite lower silver prices persisting in 2016, our focus on profitability and higher grade zones of silver at San Ramon continues to keep IMPACT as a self-sufficient and enviable producer in the Mexican silver space.”

Endeavour Silver Completes Acquisition of Oro Silver Resources Ltd.

Endeavour Silver Corp. is pleased to announce completion of the acquisition of Oro Silver Resources Ltd., a wholly-owned subsidiary of Canarc, which holds the El Compas gold-silver mine property and a five-year renewable lease on the 500 tonne per day La Plata ore processing plant in Zacatecas, Mexico. Details of the acquisition were previously announced by news release dated May 9, 2016.

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