Day: January 29, 2019

Millrock President & CEO Gregory Beischer stated “Millrock thanks Centerra for the investment they made in advancing these projects. While Centerra has elected to leave, we strongly believe the projects have excellent technical merit. We think they will be attractive to mid-tier or smaller mining companies. Our intention is to seek out new funding partners, but at the same time we will have to balance the cost to hold to La Navidad and El Picacho concessions in the face of Millrock’s currently limited cash position.”

Aura Resources Inc. announces that it has entered into a definitive agreement with Minaurum Gold Inc. and its Mexican subsidiary whereby Minaurum will acquire an interest in the Company’s East Taviche property located in Oaxaca, Mexico. In accordance with the terms of the agreement, Minaurum will acquire an initial 80% interest in the East Taviche project…

We are very pleased to announce a 28% increase in the Measured and Indicated Mineral Resources at the Topia Mine to nearly 15 million silver equivalent ounces,” stated James Bannantine, President & CEO. “The Company was able to increase the resources even after mine depletion over the past four years. This update provides for a long mine life at Topia and supports the planned increase in processing capacity which is expected to increase 2019 production by approximately 25%. In addition, the conversion of Inferred Resources and further exploration potential provide a good opportunity to further extend mine life.