Month: June 2019

Orla Mining Announces Positive Feasibility Study Results for The Camino Rojo Oxide Gold Project

‘The completion of the feasibility study for the Camino Rojo Oxide Project marks an important milestone for Orla and substantial progress toward construction of the Company’s first mine’, stated Jason Simpson, President and Chief Executive Officer of Orla. ‘The results demonstrate robust project economics with low development capital and a straight-forward path to approximately 100,000 ounces of expected annual gold production. We will be working towards submitting environmental assessment and permitting documents and securing project finance over the upcoming months with the expectation to deliver gold by mid-2021. With the continued support of local communities and stakeholders, we have a fantastic opportunity to develop a quality mine. We are also considering ways to unlock value from a much larger sulphide mineral resource and have initiated exploration on other priority targets on our extensive concession area’, added Mr. Simpson.

Galore Announces a Non-Brokered Private Placemant and Provides Update on Drilling at its Dos Santos Project

Galore Resources Inc. is pleased to announce that it intends to commence a non-brokered private placement to raise gross proceeds of up to USD $1,500,000.00. The private placement will consist of up to 40,200,000 units, using the conversion rate of ($1 USD = $1.34 CAD) at a price of CAD $0.05 per unit, with each Unit consisting of one common share and one share purchase warrant. Each warrant will be exercisable into one additional common share at a price of CAD $0.10 per share for a period of two years from the date of closing of the financing.

San Marco Announces the Results of its AGM and Corporate Appointments

San Marco Resources Inc. announces the results of its annual general meeting held on June 20, 2019. Tookie Angus, Brian Lock, Andy Carstensen, Craig Prenter and Robert Willis were re-elected as directors of the Company for the next year. Bill Myckatyn, did not stand for re-election. San Marco’s board thanks Bill for his years of significant contributions to San Marco and wishes him well in his retirement.

FLSmidth dona equipo a la Utzac

La empresa danesa FLSmidth fundadora del Clúster Minero de Zacatecas (Clusmin), donó a la Universidad Tecnológica del Estado de Zacatecas (Utzac), componentes que permitirán a los alumnos y docentes de la institución académica realizar prácticas técnico-profesionales para su preparación.

Mexus to begin leaching June 27th at its Santa Elena mine

Mexus Gold US announced that all the necessary preparation to begin cyanide leaching at the Santa Elena mine is now complete. Mexus head metallurgist, Roberto Baltierrez, completed lab testing of the recently prepared heap leach pad and has formulated a gold/silver recovery plan. The initial material being leached is existing shear zone lower grade material averaging 1.8 g/t gold and 8 g/t silver. This material was mined while the Julio vein was being drilled and prepped for blasting. (Julio vein ore material is averaging 4 g/t gold and 12 g/t silver).

Santacruz Extends Due Date Short-Term US$2.3 Million Loan and Agrees to Increased Issuance of Loan Bonus Warrants

Santacruz Silver Mining Ltd. reports that it has reached an agreement to amend the repayment terms of the US$ 2.3 million short-term loan that it has borrowed from a private Bolivian mining company as previously announced in the Company’s press releases dated March 7, 2018 and August 29, 2018. Pursuant to the amended terms, the principal balance of US$2.3 million is now to be repaid by January 30, 2020 (previously extended to October 1, 2018).

Layne, A Granite Company, provides sustainable solutions for water resources and mineral exploration. Originally established in 1882, Layne offers a rich history of delivering safe, professional, and reliable water and minerals solutions throughout North and South America. Granite acquired Layne and its subsidiaries in the fall of 2018, to further Granite’s strategy to grow through acquisition and diverse end market expansion.

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