Month: December 2018

Westminster Resources Ltd. Announces Executive Change and Peru Property Update

Westminster Resources Ltd. is pleased to announce the appointment of Mr. Jason Cubitt as the new Interim President and Chief Executive Officer of the Company effective immediately. The Company has accepted the resignation of Mr. Glen Indra as its President, CEO and Director and wishes to thank Glen for his years of service to Westminster.

Minera Alamos Concludes a Successful Year of Development at La Fortuna Gold Project in Durango, Mexico

“As one of two foundational assets that have been rapidly advanced this year, La Fortuna now has key permitting and technical milestones in place. This provides a path to a commercial production decision in the second half of 2019,” commented Darren Koningen, Chief Executive Officer. “Minera can now begin development activities at La Fortuna that will run in parallel with the proposed development of the Santana gold project and allow for our development team to transition from Santana to Fortuna as the year progresses.”

Almadex Provides Exploration and Corporate Update

Almadex Minerals Ltd. is pleased to provide an update on its exploration activities. Subsequent to the spinout of Almadex earlier this year the Company has reviewed its portfolio of exploration projects and has initiated various field work programs. The work conducted has included additional lithology and alteration geologic mapping, soil sampling and geophysical surveys all with the intention of defining specific targets for drilling. The Company has also acquired additional claims on some of these projects.

Tango Gold Project Transaction and Private Placement

Prime Meridian Resources Corp. has concluded a binding term sheet for an option to purchase a 100-percent interest in the Tango gold project in southern Sinaloa state, Mexico. The Tango project consists of 3954 hectares over four contiguous concessions in Mexico’s southern Sinaloa State. The Tango concessions have over one hundred historic workings including larger tunnels and stopes as well as several smaller workings and pits.

McEwen Mining Announces Closing of Financing

McEwen Mining Inc. is pleased to announce that it has closed its previously announced “bought deal” private placement of 6,634,000 common shares of the Company that will qualify as “flow-through shares” at a price of US$2.26 (Cdn$3.02) per Flow-Through Share for total gross proceeds of US$15,000,000 (Cdn$20,034,680). The Offering was completed through a syndicate of underwriters led by Cantor Fitzgerald Canada Corporation as sole bookrunner and included BMO Capital Markets and TD Securities Inc.

Minaurum Receives $3.9 Million From Warrant Exercises and Provides Exploration Update

Minaurum Gold Inc., is pleased to announce that it has received $3,981,937.50 in proceeds from the exercise of warrants bringing its consolidated cash balance to approximately $10M. These additional funds provide Minaurum with the flexibility to expand its on-going exploration program at the Alamos silver project. Minaurum currently has 308,939,046 shares issued and outstanding.

San Marco announces drilling has been completed at the Chunibas Cu-Ag Project

San Marco CEO Christian Grijalva stated: “We are pleased to have completed Phase I drilling at Chunibas in a completely safe manner and somewhat under budget. Drilling has confirmed that the Chunibas geological model is typical of that of copper-silver “Manto-Type” systems known to exist in northern Chile.”

Prize Mining Reports Results from Diamond Drilling at the Manto Negro Copper Project, Mexico and Provides Corporate Update

“Our first drill program at the Pilar Grande and El Granizo areas continues to provide important geological information on the continuity of copper-silver mineralization”, stated Michael McPhie, President & CEO of Prize Mining. “In detail, the areas are more structurally complex than we had anticipated but our geologists are working on an interpretation that will help guide our ongoing drill program.”

Alamos Gold Announces Normal Course Issuer Bid

Alamos Gold Inc. today announced that it has filed with and received acceptance from the Toronto Stock Exchange for a Notice of Intention to make a Normal Course Issuer Bid permitting Alamos to purchase for cancellation up to 25,513,043 Class A Common Shares representing 10% of the Company’s public float of the Common Shares as of December 14, 2018, being 255,130,432 Common Shares. As at December 14, 2018, there were 391,248,754 Common Shares issued and outstanding.

IMPACT Extends Closing of Private Placement

IMPACT Silver Corp. announces that further to its press release dated November 6, 2018, the Company has obtained an extension from the TSX Venture Exchange of the deadline to complete the previously announced non-brokered private placement of up to 5,555,555 units at a price of $0.27 per Unit for gross proceeds of approximately $1.5 million to January 18, 2019. Each Unit consists of one common share and one warrant. Each Warrant entitles the holder to acquire one Share at a price of $0.35 and expires in 24 months.

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.

All News
MMC Banners Q4 2022_Cerro Casale_02 (1)

PhotoSat uses proprietary deep learning algorithms to produce elevation surveys and alteration mineral maps from satellite imagery.
Our methods are fast, safe, and reliable, with no need for ground access. Since 2005, we have delivered more than 1300 mine site surveys and over 300 alteration projects in over 75 countries..