Month: April 2017

Great Panther Silver Announces Management Changes

GREAT PANTHER SILVER LIMITED announces that Robert Archer, President and CEO, has advised that he will be stepping down during 2017 and will work with the board of directors to find his successor. Accordingly, the Board has retained a globally recognized recruitment firm to conduct an executive search for a new President & CEO who will maximize the Company’s growth opportunities over the next five to seven years. Mr. Archer will remain in his current executive role until a suitable successor has been appointed, and thereafter as an ongoing member of the Board.

Southern Silver Provides Corporate Update

Southern Silver Exploration Corp. reported that at its annual general meeting held on March 30, 2017 the following directors were re-elected: Lawrence Page, Q.C., D. Roger Scammell, Eugene Spiering, Nigel Bunting, Larry Buchanan, Peter Cheesbrough and Donald Head. In addition, the shareholders re-appointed Smythe LLP, Chartered Accountants, as auditor of Southern Silver and approved Southern Silver’s rolling incentive stock option plan pursuant to which a maximum of 10% of the issued shares will be reserved for issuance under the plan. The plan is subject to TSX Venture Exchange acceptance.

Alset Energy Announces Name Change To Better Reflect Its Goals

Alset Energy Corp. is pleased to announce that it will be changing its name to Alset Minerals Corp., while keeping its current stock symbol. The name change reflects the company’s broader focus and commitment of developing its Mexican salar projects, which can potentially serve a wide spectrum of agriculture, chemicals and industrial minerals markets, in addition to its lithium focus.

Galore Ready to Begin a Diamond Drill Program

Galore Resources Inc. is pleased to announce that it is nearing completion of a geological mapping and sampling program on the San Jose and Los Gemelos claims on the Company’s 20,000 hectare (49,420 acre) Dos Santos project in Mexico. The Company is moving efficiently and effectively in developing it’s new exploration model through field mapping, sampling and integrated structural analysis.

Timmins Gold Reports Q1 2017 Production

Commenting on the quarterly performance, Chief Executive Officer, Greg McCunn, said, “The San Francisco mine had a very strong first quarter of the year with gold production ahead of guidance due to operational improvements made in the crushing and leaching circuit resulting in better gold recovery and the initiation of a project to recover gold from a previously closed leach pad. While these improvements are expected to allow us to achieve the upper end of our annual guidance of 70,000 to 75,000 ounces for 2017, we are continuing to re-engineer our life-of-mine plan for San Francisco and expect to publish the updated plan this quarter. We are excited about the potential to improve upon the existing plan for 2018 to 2022.

Levon to Complete Resource Infill Drilling to Test a Starter Pit Scenario

Levon Resources Ltd. announces that it plans 5,000m (28 core holes) in close spaced, infill drilling within the Cordero Felsic Dome portion of the 2014 Cordero resource, to test for near surface, high grade mineralization within the modeled open pit containing the 2014 Resource, calculated by Independent Mining Consultants. Preparations for the drill program are being completed for an April 2017 start up.

Geologix Announces Intention to Complete $3 Million Brokered Private Placement

Geologix Explorations Inc. is pleased to announce that it has retained Eight Capital to act as lead agent, on behalf of a syndicate of agents, to offer for sale, on a “best efforts” private placement basis, units of shares and warrants of the Company to be structured and priced in the context of the market, for total gross proceeds of up to $3,000,000. The net proceeds of the Offering will be used for exploration and development expenditures at the Company’s Tepal Gold/Copper Project, working capital and general corporate purposes.

Alamos Gold Completes Retirement of US$315 Million Senior Secured Notes

“Alamos is once again debt-free and will benefit from substantial interest savings over the next several years with the retirement of these Notes. We have significantly strengthened our balance sheet and are well positioned to fund our portfolio of attractive internal growth opportunities,” said John A. McCluskey, President and Chief Executive Officer.

Westminster Announces Consolidation of Shares and Proposed Shares for Debt Settlement

Westminster Resources Ltd. announces that its board of directors has approved a resolution consolidating the Company’s issued and outstanding common shares on the basis of one new common share for every ten existing common shares. Currently, the Company has 44,288,292 common shares issued and outstanding, and upon consolidation, there will be approximately 4,428,829 common shares issued and outstanding. The board of directors believes that the consolidation will help the Company complete future financings and advance its projects.

Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.

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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.