Day: November 13, 2018

Galore Announces Results of its Annual General Meeting and the Grant of Stock Options

Galore Resources Inc. is pleased to report that at the Annual and Special General Meeting of its shareholders held November 8, 2018, the Company experienced a very strong turnout of votes. A total of 43 votes were received, representing 68,454,243 shares or 55.86% of the Company’s issued share capital. All resolutions proposed and voted on at the meeting were approved and duly passed.

McEwen details offering of up to US$90 million

McEwen Mining Inc. has entered into an equity distribution deal with a group of underwriters in connection with a common share offering that could raise up to US$90 million, the company said. McEwen said the agreement, dated November 8, is with an underwriting group that includes UBS Securities, LLC, BMO Capital Markets Corp., Cantor Fitzgerald & Co., Roth Capital Partners LLC, Wainwright & Co., LLC and Alliance Global Partners.

Sonoro Grants 1,050,000 Incentive Stock Options

Sonoro Metals Corp., has granted, under its Share Option Plan, incentive stock options to certain directors, officers and consultants of the Company to purchase an aggregate of 1,050,000 common shares exercisable for a period of up to two years from the date of grant at a price of $0.16 per share. This grant is subject to acceptance for filing by the TSX Venture Exchange. Further, a portion of the grant is subject to disinterested shareholder approval and such options will not be exercisable until the requisite shareholder approval has been obtained.

Odyssey Marine Exploration Reports Third Quarter 2018 Results

“I’ve never been more optimistic about the long-term future of Odyssey. Cash on hand, combined with expected revenues and profit sharing from contract work on multiple projects currently underway and forecast to continue for at least another 12 months, provides us the runway necessary to fully execute our strategic plan to become a dominant force in the emerging seafloor minerals space,” stated Mark Gordon, President and CEO of Odyssey Marine Exploration. “We remain confident that the issues with the environmental permit for the Mexican phosphate deposit controlled by ExO will be resolved favorably in the near term. This resource has the strong potential to propel many of the new incoming Administration’s key objectives and plans to positively transform the economy and food security for the benefit of the Mexican people. Success with this project collaterally increases the value of the rest of our portfolio of seafloor mineral projects.

SilverCrest Appoints Pierre Beaudoin as COO

N. Eric Fier, CPG, P.Eng, and CEO, remarked, “With our continued success at Las Chispas, we are excited to add the necessary people and skill sets to complement our highly experienced and dedicated team. We welcome Pierre’s contribution as we move towards breaking ground on the new decline into the Area 51 zone (Babicanora Vein). Also, Pierre will be supervising preparation of the Preliminary Economic Assessment, targeted for completion in Q1 of 2019. This will allow our exploration team to focus on the ongoing expansion and infill drilling program for an updated resource estimate and resource re-categorization. We are excited to have Pierre join the team as COO to help manage this critical period of development for the Company and we also thank him for his contributions at the board level.”

Las mineras más grandes del mundo incorporan vehículos eléctricos

“Lograr que las minas estén completamente libres de diésel es nuestro objetivo final”, dijo Andrew Draffin, gerente de proyectos de Voltra, un proveedor que ha proporcionado a BHP modelos Toyota LandCruiser adaptados y equipados con un motor eléctrico y baterías de iones de litio. “Comenzamos con vehículos livianos porque es lo más fácil para las empresas probar el concepto eléctrico”.

Radius Gold completes initial drilling at the Amalia and Coyote Gold Projects

Radius’s high-grade gold-silver Amalia Project is located in Chihuahua, Mexico. A nine hole, 1909m diamond drill program has been completed by Radius and funded by Pan American Silver under a joint venture agreement. Four different target zones (Campamento, Guadalupe, San Pedro and Dulces) were tested across a strike length of 1.8km following the trace of a large regional fault and associated surficial epithermal gold and silver mineralization. Mineralized intervals from each hole have been sampled and submitted for analysis. Results are pending and will be reported once complete.

Mag Silver Reports Third Quarter Financial Results

George Paspalas, President and CEO, commented, “We continue to enjoy watching the consistent advancement of the Juanicipio project. I encourage our shareholders to visit our website to view pictures of the ongoing development. The current drill program to flesh out the Valdecañas Deep Zone has been completed and we are starting to work through the results. As always, the joint venture continues to focus on exploring the balance of the property where many highly prospective targets still remain to be drilled. It is worth remembering that the joint venture has only worked on a very small area of the property.”

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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.