Day: January 30, 2018

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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