The net proceeds from Private Placement will be used by the Company to cover the Companys requirement to contribute funding to the Tahuehueto Mines construction rehabilitation and operation under its loan agreement with Trafigura Mexico, S.A. de C.V., and for general working capital purposes.
Oroco Resource Corp. is pleased to announce that Oroco has entered into a definitive option agreement with Altamura Copper Corp. and its shareholders whereby the Optionors have granted to Oroco the exclusive option to acquire the remaining issued and outstanding common shares of Altamura not owned by Oroco. The Company currently holds an approximate 13% equity interest in Altamura.
Aloro Mining Corp. announces that, subject to regulatory approval, it has arranged a non-brokered private placement financing of up to 10,000,000 common shares at a price of $0.10 per Share for gross proceeds of up to $1,000,000.
Galore Resources Inc. reports the closing of its previously announced non-brokered private placement of units of the corporation for gross proceeds of CDN$419,577.10.
Plata Latina Minerals Corporation announced that Mr. Robert B. Blakestad has resigned as Director of the Company for a personal reason. Mr. Blakestad has served on the Company’s board of directors since 2012.
Goldplay President and CEO Marcio Fonseca commented, The shallow depth of intersections, favorable topography, width and high-grade of results announced in this release continue to reinforce the high-grade open pit development potential at San Marcial. The results also outline opportunities for expansion of the deposit, not only considering the silver mineralization but also zinc and lead with definition of new mineralized zones along strike and down dip, which were not previously incorporated in the historical interpretation.”
The Cabeza Blanca agreement completes our acquisition of all the mineral concessions under consideration within the 14 km² Cerro Caliche group, said Kenneth MacLeod, President and CEO of Sonoro. Cabeza Blancas strategic location within Cerro Caliche, along with the positive results from our sampling program and similar results from earlier exploration programs, makes this concession a priority target for Sonoro to drill.
These consistent, exceptionally high-grade results continue to demonstrate the tremendous opportunity at Manto Negro, stated Michael McPhie, President & CEO of Prize Mining. We are fortunate to have these underground exposures at El Granizo and the Pilar Grande mines as they provide a significant amount of information on the continuity and high grade of the copper mineralization. We currently have a diamond drill operating at both sites. These represent just two of over thirty five major showings throughout our property and the results from this drilling will result in an even more comprehensive model of the mineralization over a larger area.
Stewart Harris, VP of Technical Services commented, “The first drill holes at Cuale are planned at La Gloria to test the depth extent of the high grade gold mineralization encountered in trenches 1 and 4, followed by other high priority drill targets throughout the trenched area. Drilling is also planned at four step-out areas to test geophysical targets within the anomalous gold in soil geochemical and rock chip halo, including the North Dome which extends up to 1,000 metres north of the trenched area. This drilling program represents a significant milestone for Evrim and a unique opportunity for our shareholders.”
Coeur Mining, Inc. today announced third quarter 2018 production of 2.9 million ounces of silver, 88,833 ounces of gold, 2.2 million pounds of zinc and 1.2 million pounds of lead, or 8.5 million silver equivalent ounces (10.4 million ounces based on average spot prices during the third quarter) . Metal sales for the quarter were 3.0 million ounces of silver, 89,609 ounces of gold, 1.8 million pounds of zinc and 1.6 million pounds of lead, or 8.5 million silver equivalent1 ounces (10.4 million ounces based on average spot prices during the third quarter).
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