Day: June 18, 2018

Golden Reign and Marlin Gold Enter Into Mutual Extension of Non-binding Letter of Intent to Combine Businesses

Golden Reign Resources Ltd. (TSX-V: GRR), Marlin Gold Mining Ltd. (TSX-V: MLN) and Sailfish Royalty Corp. (TSX-V: FISH) are pleased to announce that they have entered into an agreement to extend the termination date of the previously announced non-binding letter of intent regarding the business combination of Golden Reign’s wholly-owned San Albino-Murra Property in Nueva Segovia, Nicaragua and Marlin’s La Trinidad Mine in Sinaloa, Mexico. The LOI will now terminate on the earlier of (a) June 29, 2018, (b) entering into of the definitive arrangement agreement in connection with the business combination, and (c) such other date as may be mutually agreed by the parties in writing. All other terms of the LOI remain in full force and effect, unamended.

Starcore Completes $3 Million Bond Offering

Further to its news release of June 12, 2018, Starcore International Mines Ltd. (TSX:SAM) is pleased to announce it has completed a private placement of secured bonds in the aggregate principal amount of CDN$3 million. The Bonds bear interest at 8% per annum, payable on maturity, and mature on June 18, 2020. The Bonds are secured by a charge over all of the Company’s and its subsidiaries assets.

Valterra Acquires the Los Reyes Cu-Au Project, Chihuahua, Mexico

President Lawrence Page Q.C. stated, “this opportunity to acquire an option to purchase this property on favorable terms came about through relations developed over the past several years of doing business in Mexico. The Los Reyes property satisfies all the elements required to develop a property into production such as deal terms, infrastructure, favorable political climate and historic values. These factors may well lead to success through exploration to be commenced upon permit approval expected in approximately three months. Addition of this property to our portfolio of the Swift-Katie copper gold property in B.C. and the Weepah gold property in Nevada, both of which are permitted for drilling, allows us to expand our scope of operations into three miner-friendly jurisdictions.”

Minera Alamos Updates Progress at Guadalupe de los Reyes Gold Project, Sinaloa, Mexico

“The acquisition of the Guadalupe gold project late last year was another strategic addition to the Company’s developing production profile”, said Darren Koningen, CEO of Minera Alamos. “A significant amount of time and effort was expended by the previous owners to re-establish the project as one of the premium advanced stage gold assets in this region of Mexico… “

AERI Geophysics Defines Significant Anomaly at San Acacio

“We are excited to have identified a massive target at depth that is coincident with our recently identified IP anomaly.By employing both IP and revolutionary technologies such as Atomic Electron Resonance Imaging (AERI), we have begun identifying targets along the un-mined 4.4km extension of the Veta Grande vein. In addition, the use of these technologies allows us to more cost effectively drill the vein,” stated Peter J. Hawley, President and CEO. “We anticipate drilling the anomaly in the near future as the size and depth of the anomaly have the potential to be a game changer for Defiance.”

Sierra Metals Announces Preliminary Economic Assessment Results for a 315% Output Expansion at its Cusi Mine in Mexico Yielding a 75% Internal Rate of Return

Igor Gonzales, President and CEO of Sierra Metals commented: “The Company is very encouraged by the results of this PEA as they support the plan to profitably develop and grow the Cusi Mine in sustainable and staged steps from 650 TPD currently, to 1,200 TPD by Q1 2019, and further, to 2,700 TPD in 2021 based on consensus metal pricing.

Avino Announces Appointment of New Director and Provides Corporate Update

Avino Silver & Gold Mines Ltd. (ASM: TSX/NYSE American/GV6: FSE) is pleased to announce that Peter Bojtos has joined the Company’s Board of Directors as an independent Director effective June 15, 2018; and in addition, we are also delighted to provide a corporate update to announce recent promotions.

Subsidiary of Coeur Mining, Inc. signs Definitive Agreement with Evrim Resources to option Sarape gold-silver project

Evrim’s President and CEO, Paddy Nicol, commented, “Sarape is located in an emerging epithermal gold belt hosting several mines and deposits, including Premier Gold’s Mercedes Mine, First Majestic Silver’s Santa Elena Mine, and SilverCrest’s Las Chispas deposit. Evrim’s Ermitaño project, under option to First Majestic Silver, is also in the belt where a maiden inferred resource of 40.8 million ounces silver equivalent* (562,000 ounces gold equivalent) was recently announced (see First Majestic Silver news release of March 29, 2018). We look forward to working with Coeur’s team on Sarape and will commence exploration in late June.”

Mexus gives an update on progress at the 8 Brothers/370 gold project

“We have all the necessary equipment and chemicals on site to begin leaching when tests are complete. The results of our first leach will give us a base line going forward as we work to improve recovery rates. This first test will produce gold and silver and will be the beginning of positive cash flow.” added Mexus CEO Paul Thompson.

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