Month: November 2018

Valoro Resources Inc. Mails Information Circular for Special Meeting To Be Held on December 19, 2018 Regarding Merger With Defiance Silver Corp.

ValOro Resources Inc. is pleased to announce that Madam Justice Matthews of the BC Supreme Court issued an order today authorizing ValOro to call a special general meeting of its shareholders to consider and, if appropriate, approve by a special resolution the friendly merger of ValOro and Defiance Silver Corp. Due to unexpected delays in printing and mailing of the proxy materials, the meeting will be held on Wednesday, December 19, 2018.

Mexican Gold Corp. Provides Update on Financing

MEXICAN GOLD CORP. is pleased to report that it has received a positive response to the previously announced financing which proposed a non-brokered private placement of units at $0.20 per Unit for gross proceeds of up to $3,000,000. The net proceeds from the Private Placement will be used to continue exploration on the Company’s Las Minas project located in the State of Veracruz, Mexico (up to approximately $1,100,000), property payments (US$866,666 plus Value Added Tax in Mexico), and general working capital purposes (up to approximately $600,000).

Avino Announces Management Changes

Avino Silver & Gold Mines Ltd. today announced that Malcolm Davidson, Chief Financial Officer, will depart the Company immediately.

Tamino Minerals, Inc. Announces Fake News Update

Tamino Minerals, Inc. Mr. Pedro Villagran-Garcia, President & CEO, is pleased to announce an update regarding the recent string of fake press releases. On November 6th, 2018 two news articles were released via Business Wire (a Berkshire Hathaway Company) unbeknownst to Tamino Minerals, Inc. These press releases were utterly misleading and were released under false pretenses by unknown sources. We have reported these instances to the proper authorities and Business Wire. Almost all publications of these press releases have been deleted, as we continue to receive messages of all the places where such bogus releases were posted. An ongoing investigation is occurring to determine the culprits and bring them to justice. Tamino Minerals, Inc. does not condone this stock manipulation and wants investors to be aware that we have done everything in our power to make this right.

Minera Alamos Receives Positive Notice Regarding Permit Applications for La Fortuna Gold Project in Durango, Mexico

“The receipt of this notification represents a major milestone for the Company. Despite some procedural changes in the MIA/ETJ application process that caused early delays, the notice was received a little over a year following the completion of our strategic partnership with Osisko Gold Royalties and starts the transformation of the Company from a junior explorer to a growing gold producer,” stated Darren Koningen, CEO of Minera Alamos.

Millrock Announces New Drilling Program at La Navidad Gold Project, Results From El Picacho Gold Project, Sonora State, Mexico, and General Corporate Update

Millrock Resources Inc. is pleased to report that another drilling program is underway at the La Navidad gold project in Sonora State, Mexico. The program will focus on the northwestern portion of the project. Four holes are planned at the El Tigre prospect, where gold has been detected by soil sampling in the vicinity of historic mine workings. Northwest trending high angle structures appear to control mineralization. Three holes are planned to test the El Chupadero prospect where alteration (decalcification and jasperoid replacement of limestone) points to the possibility of an intrusion-related gold deposit. In total, seven holes totaling 1,500 meters are planned. The exploration work is being funded under an option to joint venture agreement by Centerra Gold Inc.

Mina El Chanate alcanza 6 M/HH sin incidentes incapacitantes

“Enhorabuena, muchas felicidades a toda la familia Chanateña por este gran logro, parece fácil pero se requiere de mucha disciplina y actitud de cada uno de nosotros para poder llegar a 6 millones de horas. En lo personal es un gran orgullo pertenecer a esta gran familia, y deseo que esto no quede aquí, que lo extendamos afuera de nuestro entorno”, declaró Obiel Pino Alonso, Superintendente de Seguridad de la mina El Chanate.

Azucar Minerals Provides Drilling Update for El Cobre Project, Mexico

J. Duane Poliquin, Chairman of Azucar commented, “With the completion of the Newcrest private placement and related corporate spinout earlier this year, the El Cobre project is now, for the first time, going to benefit from comprehensive, well funded drill programs. Drilling in 2016 and 2017 confirmed four high quality targets across a five kilometer strike. At one of these targets, Norte, the objective of current drilling is to define the higher grade mineralized area in order to be able to define a resource….”

Torex Reports Continued Exploration Success In The Sub-Sill Zone

Fred Stanford, Preident and CEO of Torex stated: “Today’s results confirm the potential to expand resources in the Sub-Sill Zone. The drilling program continues to discover new skarn zones and the deposit remains open in both down-dip and down-plunge directions.Down-dip is expected to be the higher priority for near term programs with a purpose of adding to reserves.”

Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.

Layne, A Granite Company, provides sustainable solutions for water resources and mineral exploration. Originally established in 1882, Layne offers a rich history of delivering safe, professional, and reliable water and minerals solutions throughout North and South America. Granite acquired Layne and its subsidiaries in the fall of 2018, to further Granite’s strategy to grow through acquisition and diverse end market expansion.