Month: June 2018

Prize Mining Announces $4 Million Brokered Private Placement

The Company intends to use the net proceeds of the Offering for continued drilling, geological, engineering and metallurgical investigations and associated consulting services on its Manto Negro Copper Project located in Coahuila State, Mexico.

Sierra Metals Defines 40-Metre Wide, High-Grade Silver Stockwork Area Which Remains Open to Depth and Width Within the Santa Rosa de Lima Vein at its Cusi Mine, Mexico

Alonso Lujan, Vice President Exploration at Sierra Metals commented: “ Today’s press release demonstrates the existence of increased high-grade silver mineralization at Cusi with the potential for further resource development, as this area remains open at depth and along strike. The increased potential resources defined today will allow the Company to utilize the highly productive exploitation method of sublevel caving and help achieve its economic objectives at the Cusi Mine. …”

Aloro Receives Permit to Drill and Construct Road Access

The old permit was for core drilling with a man portable rig, did not allow for the construction of an access road and was due to expire on July 30, 2018. The new permit will allow for the drilling of 12 drill holes, the building of 12 drill sites 14 x 7 meters suitable for using a reverse circulation drill, and the construction 3,693 meter access road 7 meters wide in order to reach the 12 new locations.

Slim’s Minera Frisco, Goldcorp agree tie-up in Mexico

Minera Frisco (MFRISCOA1.MX), a mining company controlled by Mexican tycoon Carlos Slim, said on Thursday it had struck an exploration agreement in Mexico with a local unit of Canada’s Goldcorp Inc (G.TO) in which the two would be equal partners.

Goldcorp Releases 2017 Sustainability Report

“Goldcorp’s dedication to continuous improvement elevated our sustainability performance once again in 2017,” said Mr. Brent Bergeron, Executive Vice President, Corporate Affairs and Sustainability. “Innovation, consultation and partnerships are cornerstones of our sustainability strategy, and underscore sustainability initiatives that are fully integrated with our business drivers. We are pleased to see that ongoing efforts to build trust and constructive working relationships with our host communities are delivering sustainable value – long-term social and economic benefits that make a positive difference in areas where we operate.”

Harvest Gold Announces the Appointment of Patrick Donnelly to its Board of Directors

Harvest Gold’s President and CEO Rick Mark states: “We are all very pleased to have a person of Pat’s background and experience join the Harvest Board as an Independent Director. I first met Pat ten years ago when he was a Mining Analyst and I was running VMS Ventures. He was professional, thorough and really understood want it took to be successful in exploration endeavors. Since then, he has moved to the management side of the public company world and recently had a great run as President of First Mining Gold Corp. where he raised significant dollars, built an impressive Company and learned much about Gold and Silver exploration in Mexico. He is a perfect fit for us and I look forward to working with him.”

Kootenay Silver Announces Option Agreement with Capstone Mining for the La Mina Project

Kootenay Silver Inc. (TSXV: KTN) is pleased to announce that its wholly owned Mexican subsidiary has entered into an option agreement with Capstone Mining Corp. (TSX: CS) on the Company’s La Mina Project, located 180 kilometers southeast of the city of Hermosillo in Sonora State, Mexico. La Mina was staked by Kootenay as part of its generative property portfolio strategy and covers the upper levels of a zoned copper porphyry mineral system exposed over a 2 by 2 kilometer area.

Discovery Metals Announces AGM Results

Discovery Metals Corp. (TSX-V: DSV) is pleased to announce the results of voting at its Annual General and Special Meeting held Tuesday, June 26, 2018 in Toronto, Canada. Shareholders voted in favor of all items put forward by the Board of Directors and management. Shareholders voted in favor of the election of all director nominees.

Endeavour Silver Drilling Intersects 618 gpt Silver and 3.2 gpt Gold over 21.2 Metres (25.1 opt AgEq over 69.6 ft) at Terronera Project, Jalisco, Mexico

Luis Castro, Vice President, Exploration for Endeavour Silver, commented, “These infill drill results should have a positive impact on our reserves and resources. The high silver and gold grades, excellent continuity of mineralization and significant exploration upside to expand the resources reinforce our view that Terronera has the potential to become the next key asset for the Company.”

Aura Silver Announces Ceo Leadership Change

Aura Silver Resources (TSX-V:AUU) is pleased to announce that Robert Johansing has been appointed to the position of President and Chief Executive Officer of the Company effective June 25, 2018, subject to TSX Venture Exchange approval. As previously announced, Mr. Johansing was appointed as a director of the Company on May 23, 2018.

Ethos Gold Corp. Appoints Michael Murphy to Board of Directors

Mr. Murphy is a co-founder and director of Torex Gold Resources Inc. Mr. Murphy was responsible for identifying the Morelos Gold project in Guerrero Mexico as an acquisition opportunity, negotiating the purchase of Morelos from Teck in a very competitive environment, arranging a $240million+ financing to support this acquisition, and in recruiting the board and management. Morelos has now been brought into production at ~370,000 oz per year. He is also the President and Chief Executive Officer of RedZone Resources Inc., a company focused on acquiring and developing battery metals projects. Mr. Murphy previously spent 15 years working in institutional equities in London, with Merrill Lynch, Donaldson, Lufkin & Jenrette and Credit Suisse, where he ran the Credit Suisse hedge fund coverage team. Mr. Murphy graduated from the University of British Columbia with a Bachelor of Arts, from Saint Mary’s University with a Master of Business Administration and from the London School of Economics and Political Science with a Master of Science in Finance and he is a certified director, ICD.

Aztec Minerals Successfully Concludes Phase 1 Drill Program at Cervantes Property in Sonora, Mexico

President and CEO Joey Wilkins stated, “Every hole in our Phase 1 drill program intersected porphyry-type gold-copper-silver mineralization, and most holes collared in outcropping mineralization. Ignoring the abandoned holes CER1, 8 and 12, over half the holes at the California prospect intersected robust 100+ meter widths of higher grade mineralization exceeding 0.4 gpt gold, spanning an 800 meter length and a 200 meter breadth, to a maximum vertical depth of 150 meters (view drill section here).”

Aloro More Than Doubles Land Position in Mulatos Gold District

Thomas A. Doyle, President, CEO, stated “We feel very fortunate that this land came open and our application was accepted in an area that is very competitive. This concession was the only land in the immediate area that has not been staked and claimed. We now share borders with Alamos Gold Inc to the north, east, south, and Agnico Eagle Mines Limited to the west.”

Silver Bull Announces Private Placement of US$3 Million

Tim Barry, Silver Bull President and CEO, stated, “As announced by the Company on June 4, 2018, the Company granted South32 Limited (ASX/JSE/LSE: S32) an option to form a 70/30 joint venture with respect to its Sierra Mojada Project. Upon the closing of the Private Placement, the Company expects to be fully funded for the initial four year option period under the option agreement, provided that South32 maintains the option in good standing by advancing the requisite funding pursuant to the terms of the option agreement.”

Defiance Closes Acquisition of MAG Silver Holdings

“We are very pleased to have closed this transaction with MAG Silver, and further expand our presence in the Zacatecas Silver District”, stated Peter J. Hawley, President and CEO. “With significant exploration potential at the San Acacio project, we look forward to continuing our examination and interpretation of the large regional exploration database.”

Geologix Announces Effective Date of Share Consolidation and Name Change to ValOro Resources Inc.

Geologix Explorations Inc. (TSX-V: GIX) announces that, effective at the market opening on Thursday, June 28, 2018, Geologix will change its name to ValOro Resources Inc. and its common shares will commence trading on the TSX Venture Exchange using the new symbol VRO on a consolidated basis of one new share for ten existing shares. The share consolidation was approved at the Company’s Special Meeting of Shareholders held on June 21, 2018 with 85.3% of the votes cast in favour. In connection with these changes, Letters of Transmittal will be mailed to shareholders providing instructions on the exchange of Geologix share certificates for post-consolidated ValOro share certificates.

Harvest Gold Announces the Closing of a Second Tranche of its Non-brokered Private Placement; Asks JV partner Evrim Resources for Final Drill Budget

Harvest Gold Corporation (TSX.V: HVG) is pleased to announce that, further to its news release of June 8, 2018, it has closed a second tranche of its non?brokered private placement issuing an additional 2,992,000 units at a price of $0.05 per Unit, raising additional gross proceeds of CDN$149,600 for a total of CDN$479,600 gross proceeds raised to this point in the Private Placement. Each Unit consists of one common share and one transferable common share purchase warrant exercisable at $0.10 per share for a period of two years.

Aura Silver Announces Extension of Warrant Expiry

Aura Silver Resources (TSX-V:AUU) announces that it intends to extend the expiry date of 3,500,000 warrants from July 9, 2018 to July 9, 2020. These warrants are held by arm’s length investors and were originally issued in a non-brokered private placement that closed on July 9, 2015. The exercise price of these warrants remains unchanged at $0.05.

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