Month: March 2019

SSR Mining Completes $230 Million Offering of Convertible Senior Notes

Paul Benson, President and CEO commented, “Completing this Offering provides certainty to our capital structure, while lowering the interest rate of our debt. With our existing 2013 convertible notes having an effective maturity on February 1, 2020, the Offering enables us to immediately repurchase approximately $150 million of the 2013 convertible notes and provides the capital to redeem the outstanding balance early next year. The refinancing also maintains our conservative leverage ratio and provides a stronger capital base as we continue investing in our assets and evaluating further opportunities that will benefit our shareholders. We believe cash remains a strategic asset and provides a competitive advantage in market conditions that remain challenging for equity capital.”

Gainey Extends Strike of Gold Mineralization and Samples up to 73.7g/t Gold at Las Margaritas

“The Phase II sampling at Las Margaritas is demonstrating excellent continuity of gold mineralization along strike,” stated Gainey CEO, David Coburn. “This is allowing the field team to focus on the most prospective areas in order to begin generating drill targets. While there are several artisanal mine workings along the vein system, it has never been drilled and we look forward to testing the vertical continuity of the gold mineralization.”

Almaden Releases 2019 Report on Corporate Social Responsibility; Updates Permitting Process at Ixtaca

Since first arriving at Ixtaca in 2001, Almaden, through a Mexican subsidiary, has worked diligently and transparently to interact in a culturally and socially appropriate manner with all people in the local area, regardless of their gender, cultural heritage, beliefs, sexual orientation, or level of education. Our outreach and communications have been open to all and conducted in a manner respectful of all people, and witnessed and confirmed by numerous legitimate external governmental and non-governmental organizations, entities, investors, and individuals during site visits.

Evrim and Harvest Gold Complete Drilling at Cerro Cascaron

“The maiden drill program at Cerro Cascaron demonstrates significant potential to discover a low to intermediate sulphidation epithermal gold deposit, specifically at the Serpiente Dorada and San Pedro areas,” commented Stewart Harris, VP of Technical Services. “Drilling at Serpiente Dorada delineated a significant structural corridor containing local high-grade gold mineralization. Well-developed quartz fissure veins within a broad stockwork containing moderate gold grades and epithermal textures exists at San Pedro, and drilling has aided in vectoring toward a deeper and possibly higher grade gold target. Additional drilling is needed to follow up both areas and for exploration of several untested targets.”

Sonoro Proposes $650,000 Private Placement Financing

The net proceeds from the Offering will primarily be used by the Company for continued exploration on its Cerro Caliche project in Sonora, Mexico, as well as for general working capital purposes. All securities issued in connection with the Offering will be subject to a hold period expiring four months and one day following the closing of the Offering. The Offering is subject to final acceptance by the TSX Venture Exchange.

Camrova Resources Inc. Provides Updates on Proposed Chilean Acquisition and its Ownership Participation in Minera y Metalurgia Boleo

Camrova Resources Inc. is pleased to announce that it has entered into a letter of intent with Asesoria y Inversiones MAYG SpA,, a private company incorporated in Chile, to acquire through a Chilean subsidiary to be incorporated all of the issued and outstanding shares of MAYG The Letter of Intent provides for a purchase price payable to the shareholders of MAYG of CDN $2,000,000 to be satisfied by the issuance of approximately 7,692,308 post-consolidated common shares of Camrova. In connection with the Proposed Acquisition, Camrova will seek shareholder approval to approve the consolidation of its common shares on a 4:1 basis. Following completion of the Proposed Acquisition, it is anticipated that the current shareholders of Camrova will hold approximately 11% of the common shares.

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.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.