Month: September 2017

Defiance Closes Final Tranche of Private Placement

Defiance Silver Corp. is pleased to announce that, further to its news release of September 25, 2017, it has closed on the final tranche of its private placement of 890,000 Units at a price of $0.30 per Unit for gross proceeds of $267,000. These Units are subject to a four month hold period expiring January 30, 2018. In total, Defiance raised $1,725,000 under its private placement. The proceeds of the private placement will be used by Defiance to commence a drill program at the San Acacio Silver Deposit located in Zacatecas, Mexico as well as for working capital purposes.

MX Gold Corp. Announces Fully Subscribed Private Placement Financing

MX Gold Corp. is pleased to is pleased to announce that the Company has closed a non-brokered private placement. The Private Placement is subject to TSX Venture Exchange approval. The Company completed the sale of 40 Million units at a purchase price of C$0.10 per unit for gross proceeds of C$4 Million.

San Marco to Carry Out a C$1.26 Million Private Placement

Up to approximately $800,000 of the gross proceeds from the Offering will be used to continue exploration work on the Company’s properties and the balance of up to approximately $460,000 will be used for general corporate purposes. Such properties include the Chunibas Project where the Company recently announced a newly discovered porphyry-related breccia gold system and advancing the 1068 Project where the Company also recently announced high priority drill targets have been identified on this undrilled copper, molybdenum and gold porphyry system discovered from San Marco’s generative program.

Alamos Gold Declares Semi-Annual Dividend

Alamos Gold Inc. today announced that the Company’s Board of Directors has declared a semi-annual dividend of US$0.01 per common share. This represents the Company’s 16th consecutive semi-annual dividend and once again demonstrates its commitment to returning value to shareholders.

MX Gold Corp. Retracts Statements Announcing Mineral Reserves for its Magistral Project in its July 20, 2017 News Release and Retracts Statements Regarding a Max Mine Resource and Economic Analysis in its February 2017 Corporate Presentation

MX Gold Corp. announces that, as a result of a review by the British Columbia Securities Commission, the Company wishes to clarify its disclosure and retract statements announcing mineral reserves of its Magistral Project in its July 20, 2017 news release and to also retract statements regarding mineral resources and estimates of an economic analysis for the Max Molybdenum portion of its WillaMax project in its February 2017 corporate presentation.

Kootenay Silver Mobilizes Drill to La Navidad Zone, at La Cigarra Silver Project, Mexico

Kootenay Silver President & CEO Jim McDonald states, “Drilling at Las Venadas was successful in identifying what we believe is a very significant new silver zone with potential to add to the La Cigarra silver resource count (see news releases August 30th, 2017Anchor and August 15th, 2017). Obviously we are looking forward to the follow up drill program on the new discovery once the current program is complete. Meanwhile we are excited to get the first ever drill holes into the La Navidad Zone, which offers considerable exploration upside given it’s similarities to the San Gregorio part of the deposit just 500 meters to the west.”

Mexican Gold Commences 3,000 Metre Drilling Program at Las Minas

Brian Robertson, President and CEO stated, “The Phase 2 diamond drilling program marks the next phase of expanding the resource at the Las Minas project. We will be drilling three high-priority targets with known mineralization and well defined geophysical targets. It is becoming increasingly evident that there is a significant opportunity to expand the current resource as well as extend the footprint of the known mineralized zones.”

Sierra Metals Announces Memorandum of Understanding with Jinchuan Group Co., Ltd. in Mexico

J. Alberto Arias, Chairman of the board of Sierra Metals, stated “we are delighted to have progressed discussions with Jinchuan to formalize of a memorandum of understanding and we are looking forward to accelerating the development of the Bahuerachi project in partnership with Jinchuan. We expect to be able to take advantage of the synergies in our operations at Bolivar, sharing our expertise and local know-how. We value our relationship with Jinchuan and foresee further growth opportunities for both companies working together in Mexico and Latin America.”

Levon Resources Announces AGM Results

Levon Resources Ltd. is pleased to announce that the nominees listed in the management information circular dated August 23, 2017 were elected as directors of the Company at the annual general meeting of shareholders of the Company held on September 28, 2017. At the Meeting, the shareholders also approved setting the number of directors at six, the appointment of the Company’s auditors, and the re-approval of the Company’s rolling stock option plan.

Los Principales Proyectos de Zinc en México

Peñoles se ha posicionado como el mayor productor de zinc, en gran medida gracias al arranque de la mina Velardeña, de acuerdo con datos de la Cámara Minera de México (Camimex).

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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.