Month: October 2019

One World Lithium Announces Private Placement

One World Lithium Inc. announces that the previous non-brokered private placement announced on September 5, 2019 is replaced with a non-brokered private placement of unsecured convertible notes in the aggregate principal amount of up to $1,000,000.

Prime Mining Updates Los Reyes Gold-Silver Project Progress

Andrew Bowering, President of Prime Mining Corp. announced today that excellent progress is being made in the exploration and development program underway at the Los Reyes gold-silver project in Mexico for a planned forty-five-hundred-tonne-per-day heap leach operation. Prime also announces that it has made the 3rd US$1.5 million payment to Vista Gold Corp. to acquire 100% interest in the Los Reyes Gold Project. Pursuant to an option assignment agreement with Minera Alamos Inc, Prime Mining has now paid US$4.5 million of the total US$6 million purchase price. A final payment of US$1.5 million is due the sooner of October 23, 2021 or within 30 days of the announcement of a production decision.

Defiance Announces Appointment of Orequest as Technical Advisor

Defiance Silver Corp. is pleased to announce the appointments of Messrs. George Cavey P.Geo and Douglas Cavey of OreQuest Consultants to its Advisory Board and Technical Committee. OreQuest will design and execute the ongoing exploration program at Defiance’s San Acacio project.

Close up core, from 1m sample grading 49 g/t Au and 905 g/t Ag (from 010 - 220.7m) intense electrum mineralization within quartz sulphide stockwork zone.

Radius Gold and Pan American Silver Commence Drilling at Amalia Project, Mexico

Radius Gold Inc. is pleased to announce that phase 3 diamond drilling has commenced at Radius’s high-grade gold-silver Amalia Project located in Chihuahua, Mexico. Pan American Silver Corp. is now operating the Project and plans a minimum 2500m diamond core drilling. The current drill program will be fully funded by Pan American Silver pursuant to its option to earn an interest in the Amalia Project.

Imerys – Press Release by the Board of Directors

Imerys’ Board of Directors has accepted at a meeting on Monday, October 21, 2019, the resignation of Mr. Conrad Keijzer, from his role of Chief Executive Officer and Director of the company.

Accomplished Miner Dan Janney to Lead Newmont Goldcorp’s Business in North America

Newmont Goldcorp Corporation has appointed accomplished miner Dan Janney to continue improving the Company’s safety and operational performance in North America. Most recently, Mr. Janney was serving as Newmont Goldcorp’s Group Executive supporting the Full Potential continuous improvement work in the region. He will assume the full accountabilities of the Regional Senior Vice President role in North America, effective today.

VVC Exploration – Closing of Private Placement Financing

The proceeds of the Financing were for exploration and development on the Kaity Property in Mexico, including diamond drilling, land use permits and associated costs, metallurgical bench testing of the copper mineralization, and investigation, evaluation and implementation of the Gloria Pilot Mining Project. In addition, the proceeds are for option payments in Mexico, current accounts payable, general administrative expenses, and working capital.

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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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.