Month: December 2017

SSR Mining Appoints New Board Directors

SSR Mining Inc. announces the appointment of Ms. Elizabeth A. Wademan and Mr. Simon A. Fish, to its Board of Directors (“Board”). The Board approved the appointments to strengthen its expertise in the areas of the international capital markets, legal and corporate governance. The appointments are effective January 1, 2018.

Gainey Signs Letter of Intent to Acquire the 9,200 Hectare La Minita Property in Sinaloa, Mexico

Brian Metzenheim, Gainey Capital’s VP of Exploration commented, “The style of mineralization found in the shears may represent the upper extents of a moderately sized porphyry deposit that could host economic grades of copper, gold, and silver. I am encouraged by the regional distribution of the shears and the consistency of grades and alteration hosted by them and look forward to initiating exploration work on the project.”

SilverCrest Closes $10 Million Bought Deal Private Placement

SilverCrest Metals Inc. is pleased to announce the completion of the bought deal private placement offering announced on November 30, 2017 whereby the Company issued a total of 9,572,810 units of the Company at a price of $1.05 per Unit for gross proceeds of $10,051,450. Each Unit consists of one common share of SilverCrest and one-half of one common share purchase warrant. Each Warrant entitles the holder to acquire one common share of SilverCrest at an exercise price of $1.45 until December 19, 2019. The Offering includes exercise in full of the underwriters’ option to purchase additional Units at $1.05 per Unit.

Marlin Announces Shareholder Approval and Final Court Approval of Arrangement

Marlin Gold Mining Ltd. is pleased to announce that it has obtained a final order from the Supreme Court of British Columbia dated December 18, 2017 to implement the Company’s previously announced plan of arrangement to reorganize its business, including the spin-off of its wholly-owned subsidiary, Sailfish Royalty Corp.

Discovery Metals Announces Appointment of New CFO and Changes in Fiscal Year-End

Discovery Metals Corp. is pleased to announce the appointment of Andreas L’Abbé as the new Chief Financial Officer effective immediately. Mr. L’Abbé is a Chartered Professional Accountant (Chartered Accountant) and brings over 10 years of financial and accounting experience in the mining sector. He has held key finance and strategy positions with a number of producing mining companies, most recently as Director of Finance at Tahoe Resources Inc. During his career Mr. L’Abbé also held the positions of VP Finance at Timmins Gold Corp. (now Alio Gold Inc.), and Financial Reporting Analyst for Goldcorp Inc. Prior to these roles, Mr. L’Abbé worked with Grant Thornton LLP in their Assurance and Business Advisory group.

Aura Minerals Inc. and Rio Novo Gold Inc. Announce Merger Transaction

Rodrigo Barbosa, CEO of Aura, commented, “We are very excited to announce this strategic transaction. The transaction creates new opportunities for both Aura’s and Rio Novo’s shareholders. For Aura this opportunity provides a great new pipeline for growth, and for Rio Novo’s shareholders, a company committed to developing its assets.”

Gold recovery equipment successfully tested at Santa Elena Mine

“Representatives from both Mexus and MarMar have worked diligently to get to this point. All aspects of the operation at the Santa Elena mine will now be increased to achieve maximum returns. We will be releasing additional details as key milestones and targets are reached.” added CEO Paul Thompson.

Radius Gold reports additional high grade sampling from Amalia Project, Mexico

Vancouver, Canada: Radius Gold Inc. is pleased to provide an update on exploration in Mexico and reports new high grade channel sampling results from the Amalia Project located in the State of Chihuahua, Mexico. Radius exploration teams have been systematically advancing Amalia to drill ready stage, including the submission of applications for drilling to the regional authorities. Additionally, teams have been prospecting the Tarros property and new regional targets in Mexico. In total Radius geologists have collected an additional 315 rock and 195 soil samples in the last three months.

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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