Month: December 2018

Colibri Resource Corporation wishes to announce that it has entered into a one-year agreement with Agnico Eagle Mines Limited whereby it has agreed to allow Agnico Eagle to exclusively explore opportunities to dispose of Colibri’s joint venture interest with Agnico Eagle on the 6,564 hectare Pitaya project near Caborca in Sonora, Mexico.

The proposed merger of ValOro and Defiance is a “business combination” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). As a result, certain valuation and minority approval requirements apply to the merger.

“Demand for our services continued to grow in all of our regions this quarter. Despite the recent drop in commodity prices, most senior mining companies are continuing with their original plans as they work to replace their mineral reserves,” said Denis Larocque, President and CEO of Major Drilling Group International Inc. “The Company’s strong operational leverage was evidenced as revenue growth of 20%, combined with improved margins and flat general and administrative expenses, translated into a 71% increase in EBITDA.”

Ethos Gold Corp. is pleased to announce that it has appointed Jo Price, M.Sc., MBA, P.Geo., as Vice-President Exploration. Jo is an independent geological consultant to a number of junior mining and exploration companies with more than 20 years in the field, including 10 years in project management. She has worked on multiple gold, poly-metallic, and graphite, and vanadium projects in the USA, Australia, and Canada. Jo has a Bachelor of Science in Geology (1995) from the University of Wales, College of Cardiff, and a Master of Science in Geology (1997) from Dalhousie University in Halifax. Jo is a professional geologist registered with the Association of Professional Engineers and Geoscientists of Alberta (APEGA) and Association of Engineers and Geoscientists of British Columbia (APEGBC).