Month: January 2018

San Marco Announces Executive Appointment and Warrant Exercise

Robert Willis, San Marco’s CEO stated; “A significant part of building a strong exploration team is recognition of leadership skills. Chris has not only assembled an experienced, quality geological team, but he has been instrumental in successfully advancing our 1068 Project to drill readiness, and responsible for our recent copper/silver discovery at our Chunibas Project. “

Torex Lenders Extend Waiver On Liquidity Covenant

Fred Stanford, President & CEO of Torex stated: “This extension to the previously agreed waiver on the part of the lenders provides an extra level of comfort to temporarily minimize any risk of covenant breach while we endeavor to re-start operations at the ELG Mine. Once again, our appreciation to the Lenders for their unwavering support.”

Silver Bull Intersects 17 Meters of Sulphide Mineralization Grading 301G/T Silver & 1.75% Copper, Including 4 Meters at 502G/T Silver and 2.14% Copper, on the Sierra Mojada Project, Coahuila, Mexico

Tim Barry, President, CEO and director of Silver Bull states, “We are very pleased with the continued excellent results from our underground drill program in the sulphide zone. The high grade silver-copper mineralization seems to be hosted along favorable bedding horizons that have been steepened by an over lying thrust fault. Both the thrust fault and the favorable bedding horizons can be traced for over 5 kilometers along the entire deposit and suggests there is significant potential to expand the high grade silver-copper mineralization by targeting these geological features. In addition recent channel samples in two new zones of very high grade zinc sulphide mineralization grading up to 30% zinc identified in recently reconditioned underground workings sit along trend to the west of the current drill program (announced 10 January 2018) and suggest significant scope to expand high grade zinc mineralization into this areas. Work is currently underway to identify drill pads to target these areas. Continued results from the drill program are expected out over the next month.”

Westminster Announces Investor Relations; Provides Peru Update

Westminster Resources Ltd. is pleased to announce that it has retained the services of Mark Carruthers to provide in-house investor relations on a month-to-month basis with an effective date of November 1, 2017. Mark has 25 years of market experience including over eight years in investor relations and has provided marketing and support to other junior public companies. As consideration, the company has agreed to pay a monthly fee of $3,000 and intends to grant Mr. Carruthers 250,000 stock options, exercisable for a period of two years from date of granting at a price to be determined. These options are granted subject to the company’s Stock Option Plan, and will have a vesting provision of 25% of the options upon the date of the grant, and 25% on the first business day of each of the subsequent three quarters. The options are subject to regulatory approval and the rules and regulations of the TSX Venture Exchange.

Minera Alamos and Corex Gold Combine to Create a Leading Mexican Gold Company

Minera Alamos Inc. and Corex Gold Corporation are pleased to announce that they have entered into a definitive arrangement agreement dated January 30, 2018 to combine the two companies, creating a well-funded, multi-asset, Mexican gold development company. The combined company will have a market capitalization of approximately C$50 million, approximately C$6 million in cash and a portfolio of three high quality gold-silver development assets, each offering near-term production potential and low capital cost advantages.

Canuc Announces Vertical Amalgamation

Canuc Resources Corporation is pleased to announce that it has completed a vertical amalgamation with its wholly-owned subsidiary, Santa Rosa Silver Mining Corporation, pursuant to subsection 177 of the Business Corporations Act. The Vertical Amalgamation did not require shareholder approval and was completed to simplify the corporate structure of Canuc. No securities were issued in connection with the vertical amalgamation. The shares of the subsidiary were cancelled without any repayment of capital in respect of them.

Orla Mining Announces C$25,480,000 Bought Deal Financing

Orla Mining Ltd. announced today that it has entered into an agreement with a syndicate of underwriters led by GMP Securities L.P. pursuant to which the Underwriters will purchase, on a bought deal basis, 14,560,000 units of the Company at a price of C$1.75 per Unit for aggregate gross proceeds to the Company of C$25,480,000.

Mexican Gold Signs 3,000 Metre Drill Contract for Drilling Program at Las Minas

“The program will build on our highly successful 2017 Phase 2 drill program as we move forward to an expanded resource estimate for these two zones,” stated Brian Robertson, President & CEO. “We are very excited with the results of the Phase 2 program which delineated the high-grade El Dorado Dike Contact zone and extended the El Dorado/ Juan Bran zone by a further 65 metres to the west. We look forward to expanding the high – grade Santa Cruz zone and testing high-potential targets that have been identified on the property.”

Alio Gold Provides 2018 Guidance For San Francisco Mine

“After a turn-around year in 2017, we are expecting the San Francisco Mine to return to consistent gold production at 90,000 to 100,000 ounces this year compared to 83,558 ounces in 2017.” said Greg McCunn, Chief Executive Officer. “In 2017 we undertook a significant waste stripping campaign to open up the main pit. As a result, we now have increased mining flexibility and the ability to deliver consistent ore feed to the leach pads.

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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.