Month: May 2017

Mexican Gold Corp. Engages Paradox to Provide Investor Relations Services

MEXICAN GOLD CORP. is pleased to announce that it has entered into an investor relations agreement with Relations Publiques Paradox Inc. pursuant to which Paradox will focus on developing and expanding the Company’s communications with the investment community through a comprehensive investor relations program. Services to be provided to the Company will include increasing visibility towards the financial community by direct introduction, marketing to the investment community to identify potential investors, use of Paradox’s proprietary database and contacts for marketing purposes, organizing presentations with interested parties, e-mail distribution of news and articles to Paradox’s investor network and handling of incoming calls from shareholders and potential investors.

Mexican Gold Corp. Closes Non-Brokered Private Placement

The net proceeds from the Private Placement will be used to continue exploration on the Company’s Las Minas Project located in the State of Veracruz, Mexico, and for property payments and general working capital purposes.

Coeur Mining, Inc. Announces Expiration of Tender Offer for its Outstanding 7.875% Senior Notes Due 2021

Coeur Mining, Inc. announced today that its previously announced cash tender offer to purchase any and all of its 7.875% senior notes due 2021 expired at 5:00 p.m., New York City time, on May 25, 2017. As of the Expiration Time, $117,946,000 aggregate principal amount of the 2021 Notes were validly tendered, which excludes $282,000 aggregate principal amount of the 2021 Notes that remain subject to the guaranteed delivery procedures set forth in the Company’s Offer to Purchase, dated May 19, 2017…

Westminster Closes $978,000 1st Tranche of Financing

Westminster Resources Ltd. announces that it has closed the first tranche of a private placement, raising gross proceeds of $978,000. The Company issued 8,150,000 units at a price of $0.12 per unit and expects to soon close a second final tranche of up to an additional $462,000.

Fresnillo plc planea invertir US160 millones en exploración minera en 2017

“Alcanzamos un récord en la producción de plata por 50.3 millones de onzas, de acuerdo a nuestros lineamientos, reflejando la aportación inicial de la fase I de San Julián y leyes más altas en Fresnillo y Ciénega. La producción de oro por 935.5 mil onzas excedió nuestro lineamiento revisado, principalmente como resultado de la reducción de inventarios en Herradura”, dijo Alberto Bailléres, presidente de Industrias Peñoles, matriz de Fresnillo plc.

Torex Gold Reports A Fatal Accident

Torex Gold Resources Inc. regretfully announces that on the afternoon of May 23rd, a fatal accident occurred at the construction site for a sediment control structure associated with the El Limon Sur pit. Mr. Jorge Joel Roman Mendoza, an employee of the construction contractor Construccion de Caminos y Proyectos Interestatales, S.A. de C.V., was fatally injured while trucking rock down to the dam construction site. His loaded truck climbed the berm and then rolled over, coming to rest approximately 20 meters below on the next switchback. The appropriate authorities were immediately notified and have inspected and released the site. An internal investigation is underway to determine the cause of the accident.

Arian Silver – Placing to Raise £600,000

Jim Williams, Chief Executive Officer of Arian Silver, commented, “The continuing support of our investors has made it possible to once again strengthen our balance sheet and puts the Company in a stronger position to progress not only our silver projects but perhaps more importantly, given the current price and demand, our lithium assets. To fully evaluate our current lithium options requires exploration methods that have not been financially viable for us, until now. We believe greater lithium concentrations occur deeper within the salars and the results so far obtained from the surface exploration are merely indicative of the presence of lithium.”

Avino Reports Voting Results Of Annual General And Special Meeting

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 25, 2017.

Oceanus Intersects 67.6 Meters of 1.49 g/t Gold Equivalent Consisting of 1.24 g/t Gold and 19.1 g/t Silver at its El Tigre Property in Sonora, Mexico

Glenn Jessome, President and CEO of Oceanus reports, “The Oceanus drilling has expanded and supports the continuity of the vein and alteration zone between the El Tigre Camp and the south end of Gold Hill, which is a distance of approximately 1,800 meters. The vein and alteration zone remains open along strike to the south, north and at depth. Furthermore, with hole ET-17-133 we have identified a possible new high grade zone at Gold Hill. With holes ET-17-139 and ET-17-140 we have extended the strike length to the south by approximately 500 meters. These drill results further support wide zones of precious metals mineralization that demonstrate potential as a bulk-tonnage target.”

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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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.