Month: June 2019

Oposura Mining Update – Azure Minerals Ltd.

Production is on schedule to commence in September 2019, at a rate between 1,500tpm to 3,000tpm (tonnes per month) grading approximately 15% combined zinc and lead. All mineralisation to be mined is classified in the Indicated Mineral Resource category.

Goldplay Announces Over-Subscription of Private Placement Financing

Goldplay Exploration Ltd. announces that further to its news release of June 17, 2019, it has received interest above the previously announced private placement of up to 8,800,000 common shares at a price of $0.125 per share for gross proceeds of up to $1,100,000, and accordingly intends to increase the amount to be raised under its non-brokered private placement offering to $1,376,250, subject to TSXV approval. All other terms of the offering remain as set out in the Company’s June 17, 2019 news release.

Minaurum Gold Appoints David Medilek to Board of Directors

Mr. Medilek is a mining professional with over 12 years of mine engineering, capital markets and M&A experience. Mr. Medilek began his career as a mining engineer with Barrick Gold Corporation in Western Australia focusing on underground mines. After his tenure at Barrick, he became a Mining Investment Banker with Cormark Securities Inc. and subsequently an Equity Research Analyst at Macquarie Group Limited. Mr. Medilek is currently the Vice President of Business Development and Investor Relations at producer K92 Mining. Mr. Medilek holds a Bachelor of Applied Science with Distinction in Mining Engineering from the University of British Columbia, a Professional Engineer designation in the Province of British Columbia, and is a CFA® charterholder.

Torex Announces Maiden Mineral Reserves for ELD Underground

Fred Stanford, President and CEO of Torex, stated: ‘This addition of the ELD mineral reserves, while small in comparison to the open pit mineral reserves, provides a nice sweetener to the open pit production. It is also indicative of the potential to add further underground mineral resources. With ELD open in three directions, the Sub-Sill underground deposit still open at depth, and the potential for down dip extensions of Guajes, we are upbeat about the potential to further expand underground reserves and resources through multiple sources.’

Oroco Engages Torrey Hills Capital for Investor Relations

Torrey Hills Capital is a leading investor and financial public relations firm specializing in small and microcap companies. Torrey Hills Capital will increase awareness of the Company through its established relationships with investment professionals, investment advisors, and money managers focused on the microcap market space. This will assist the Company in building on and maintaining its investor audience in both the U.S. and Canadian marketplaces.

Mexican Gold Corp. Announces Appointment of New Chief Executive Officer

MEXICAN GOLD CORP. is pleased to announce the appointment of Philip O’Neill as Chief Executive Officer, President, and Director of the Company. Mr. O’Neill will replace Carl Hering (PhD Geology) as Chief Executive Officer. Mexican Gold is also pleased to announce that Carl Hering will assume the Chief Operating Officer position and will remain as a Director of the Company.

Odyssey Marine Exploration Provides Update on Business Plan Progress

‘In my previous communications, I’ve discussed the ongoing transformation of our business. That transformation is now complete, and we are laser focused on our new business model – development of multi-billion-dollar assets through the discovery and development of valuable seafloor mineral deposits while being responsible stewards of the environment,’ stated Mark Gordon, Odyssey Chairman and CEO. ‘Odyssey is at the forefront of this emerging industry, and we now have economic interests in a number of different seafloor mineral projects. These new projects have the potential to match or exceed the value of our Mexican phosphate deposit. And we’re now moving these projects through critical milestones that will allow us to realize that value in a manner that is meaningfully obvious in the overall valuation of our company.’

Prize Mining Closes Final Tranche of Private Placement

PRIZE MINING CORPORATION is pleased to announce that, further to its news release of May 27, 2019, it has closed the second and final tranche of its non-brokered private placement of 7,800,000 common shares at a price of $0.025 per Share for gross proceeds of $195,000.

Evrim and Harvest Gold extend Cerro Cascaron agreement in Mexico

Evrim Resources Corp. is pleased to announce it has signed a letter agreement with Harvest Gold Corp. to extend the Cerro Cascaron agreement for a period of six months. Under the terms of the Agreement, Evrim and Harvest Gold will attempt to renegotiate the terms of the Cerro Cascaron agreement and search for a new gold project in Mexico.

Silver Bull Extends Sierra Mojada Strike Length by 950m, Intersects 1.35 Meters of Mineralization Grading 10.47% Zinc, 8.25% Lead, & 586g/t Silver, and 1.8 Meters Grading 12.2% Zinc, 1.4% Lead & 53g/t Silver in Coahuila, Mexico

Tim Barry, President, CEO and director of Silver Bull states, ‘The results from the first two holes in the East End are very encouraging. We have extended the mineralization an additional 950 meters to the east along strike of the Sierra Mojada Deposit, and show mineralization is far from drilled off in the area. Our interpretation of the results is that the drill holes clip the very northern edge of the main trend of Sierra Mojada deposit, and the guts of the system still lies to the south, untested. What is also encouraging is we are seeing a change from oxide mineralization to sulphide mineralization as we go deeper into the system. The advantage of sulphide mineralization over oxide mineralization, and why it is the target of this drill program is that it tends to be higher grade and will likely have a more standard metallurgical process to concentrate the ore. Since finishing up the B19003 drill hole in this area the drill has now moved off to the Palomas Negras prospect which sits 9 kilometers to the west of the main deposit. Results from the drilling at Palomas Negras are expected shortly.’

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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