Month: August 2019

Millrock Announces Extension Granted To Private Placement

Millrock Resources Inc. announces the TSX Venture Exchange has granted Millrock an extension to the deadline to file final materials in respect of the private placement financing announced on July 10, 2019.  The Company must complete the filing by September 25, 2019.

Kootenay Closes Strategic Investment by Eric Sprott for Proceeds of $5 Million

Net proceeds of the Private Placement will be used to advance exploration of the Columba Silver Project in Chihuahua State, Mexico, potentially adding a further drill rig to expedite the current drill program, and to fund further work at Copalito, La Cigarra and other projects as well as for general working capital purposes.

Megastar Samples 308g Silver and 1.07g Gold Along 530-Meter Vein System at Yautepec

David M. Jones, exploration manager and director of Megastar, says: “Our second round of sampling at Yautepec has not only confirmed our first round of results but surpassed them, yielding silver values up to 308 grams and gold values to 1.07 grams in an historically undocumented quartz vein system of impressive length with structural widths up to 7 meters, based on surface mapping to date. In tandem with the adjacent mineralized hot springs complex (sinter), we have generated a series of high priority drill targets after only two periods of fieldwork. This is a remarkable accomplishment for our small and highly motivated team, all of whom have had significant exploration discoveries in their careers.

Additional Mineral Rights Coming to Tamino Minerals, Inc.

Our objective is to locate a multimillion ounce of Gold deposit. The State of Sonora is known to host several of them. We believe that we have the necessary expertise within our team of Professionals to find a Multimillion Ounce Deposit.

Operaciones mineras deben contar con plan de remediación

Ante el anuncio de la llegada de una empresa minera en el área de Samalayuca y el impacto ambiental que podría traer a la región, Gerardo Durán, director del Clúster Minero de Chihuahua (Clumin), afirmó que cualquier operación realizada por parte de alguna unidad del ramo, debe contemplar un plan de remediación.

GoGold Accelerates Acquisition of Los Ricos Property

GoGold Resources Inc. has entered into various agreements to accelerate the acquisition of the 29 concessions that comprise the Los Ricos property in Jalisco, Mexico from private Mexican owners. The Concession Agreements replace the option agreement GoGold had for the Los Ricos property and save GoGold $5.4 million dollars (all amounts USD).

SilverCrest Announces Receipt of General Explosives Permit and Water Rights; Finalizes Ownership in Mining Concessions for Las Chispas

N. Eric Fier, CPG, P.Eng, and CEO, remarked, ”We continue to de-risk Las Chispas by achieving several significant milestones that are timely and noteworthy as we move forward to a construction decision, including; 1) the receipt of the General Explosives Permit with continuation of the planned underground exploration in the Babicanora Vein (Area 51 zone) and ongoing rehabilitation of the Babicanora Historic Adit for a secondary access to the vein, 2) acquisition of water rights, and 3) attaining 100% ownership of our mining concessions across all vein mineral resources.”

Torex Gold Initiates Gold Price Protection Program

Fred Stanford, President and CEO of Torex, stated: ”We are currently in a debt repayment phase and after this is complete, we will be building cash to fund the construction of Media Luna, and other initiatives. Given these uses for near term cash flow, it is a prudent business decision to lock in some price protection for our primary product…”

Avino Announces Restricted Share Unit and Option Grant

Avino has upon the recommendations of its Compensation Committee, granted an aggregate of 526,000 incentive stock options under its Stock Option Plan, and 1,730,500 Restricted Share Units under the Restricted Share Unit Plan to its directors, officers, employees and consultants.

Mineral de hierro se hunde al cierre más bajo desde fin de enero

“Ha habido un aumento en los envíos de mineral de hierro y una clara disminución de la restricción del suministro recientemente”, dijo Sarah Zhao, una analista de Huatai Futures Co. quien también destacó los precios más bajos del acero luego de una acumulación de inventarios de dos meses. “Tanto la demanda como la oferta están alimentando la recesión”.

Fortuna Reports Fatality at San Jose Mine

The accident involved a scooptram operating underground, and the individual fatally injured was the driver. There were no other injuries related to the accident.

Aura Announces Geological and Exploration Updates

Rodrigo Barbosa, President and CEO, stated, ”After important strategic moves with the sale of the Serrote project, the merger with Rio Novo, and the restart of our Aranzazu project, we also made strategic investments in exploration with positive results that we are pleased to announce.”

SSR Mining Announces Closing of SilverCrest Financing

SSR Mining Inc. announces that it has completed the previously announced transaction with SilverCrest Metals Inc. to purchase, on a private placement basis, 780,000 common shares of SilverCrest at a price of C$5.85 per common share for total consideration of C$4,563,000.

Goldgroup Provides Update in Respect of Majority Voting Policy

Goldgroup Mining Inc. announces that further to its Annual General Meeting of Shareholders of the Company held on July 31, 2019, directors Keith Piggott and Harry Burgess have not tendered their resignations as directors pursuant to the Company’s Majority Voting Policy, due to mitigating circumstances which have been communicated to the TSX.

Magna Gold Corp. Announces Completion of Acquisition of Las Marias Property

Magna Gold Corp. is pleased to announce that further to its press release on May 27, 2019, it has completed the acquisition of the Las Marias Property and Las Cabanas mineral claims. Las Marias Property consists of 7 mining concessions covering 646 hectares adjacent to the Mercedes Property and Las Cabanas consists of 2 claims covering 248 hectares located approximately 10 km south-west of the Mercedes Property in Sonora, Mexico. The total purchase price for the new mineral concessions and other rights was $250,000 and the issuance of 1,000,000 common shares of the Corporation.

Discovery Metals Grants Stock Options

Discovery Metals Corp. announces that it has granted to certain officers, directors, employees and/or consultants of the Company an aggregate of 5,300,000 options to acquire common shares of the Company.

SilverCrest Closes $25,308,855 Million Bought Deal Financing

SilverCrest Metals Inc. is pleased to announce the completion of its prospectus offering announced on July 23, 2019 whereby the Company issued a total of 4,326,300 common shares at a price of $5.85 per common share for gross proceeds of $25,308,855, including exercise of the over?allotment option in full. The Offering was led by National Bank Financial Inc. and Desjardins Capital Markets on behalf of a syndicate of underwriters that included Cormark Securities Inc., PI Financial Corp., RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., Eight Capital, Beacon Securities Limited, Roth Capital Partners, LLC and Scotia Capital Inc. The Company paid the underwriters an aggregate cash commission of $1,252,942. The Company plans to use the net proceeds of the Offering for continued exploration and advancement of the Las Chispas Project to feasibility level and for working capital purposes.

Minera Alamos Announces Commencement of Phase 2 Drilling at Santana Gold Project

”Now that the federal project development permit approvals have been received we are excited to commence the drilling phase of our much anticipated 2019 Santana exploration program. The last year has allowed us to dramatically expand our geological understanding of the overall Santana project area and the new drill program should allow us to start to demonstrate its true potential.” stated Darren Koningen, CEO of Minera Alamos.

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