Fortunate Sun Mining Company Ltd. announces that, effective on the opening of trading on August 29, 2013, the Company will trade under the new name of Sonoma Resources Inc.
Esperanza Resources Corp. is pleased to announce that its shareholders have voted today at Esperanza’s special meeting of shareholders to approve the previously announced plan of arrangement with Alamos Gold Inc. whereby Alamos will acquire all of the issued and outstanding common shares of Esperanza.
Gold Resource Corporation declares its monthly instituted dividend of $0.03 per common share for August 2013 payable on September 23, 2013 to shareholders of record as of September 11, 2013.
Southern Silver Exploration Corp. plans to issue up to 16,666,666 units in a non-brokered private placement at a price of $0.03 per unit to raise $500,000. Each unit will consist of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share for a period of three years at an exercise price of $0.05 per share.
Mexus Gold US, and its subsidiary, Mexus Enterprises, S.A. de C.V., negotiated a new agreement covering the San Felix Mine. The company also entered a joint venture agreement with Atzek Mineral S.A. de C.V., a well-known Mexican mining exploration and mineral evaluation company, for participation in mining operations of the MexusAtzek Mine (formerly named Trinidad Mine).
Golden Goliath Resources Ltd. has received the final report from Agnico Eagle Mines Limited on their 2013 drilling program on the Las Bolas/ Los Hilos property. The diamond drill program was carried out between May 5th and May 26th, 2013, and totaled 930 meters in 10 holes; from which 992 core samples were obtained and sent to ALS Chemex laboratory for assaying. Five of these drill holes aimed to test the El Orito area, three drill holes were located at Los Hilos area and two drill holes were located at Las Bolas-El Gambusino area. The program aimed to test mineralized structures including veins, stockwork zones, faults and fractures parallel to known mineralized structural trends.
Bacanora Minerals Ltd. announced today that Rare Earth Minerals, Plc has satisfied all conditions under the terms of the agreement between Bacanora and REM in respect of the El Sauz and Fleur lithium concessions (details of which are set out in the Company’s press release dated May 22, 2013) to earn a 10% interest in the subsidiary that will hold the Concessions. In particular, REM has provided the Company with an upfront cash payment of $250,000, together with a further $500,000, which has been allocated towards the Company’s recently completed drilling program on the Concessions. With this condition having been satisfied, the Concessions are now in the process of being transferred to a newly formed Mexican subsidiary of Bacanora, following which shares therein will be issued to REM.
United States Antimony Corporation reported on two of the five Mexican antimony properties it is producing.
Mexus Gold US (OTCQB:MXSG), and its subsidiary, Mexus Enterprises, S.A. de C.V., negotiated a new agreement covering the San Felix Mine. The company also entered a joint venture agreement with Atzek Mineral S.A. de C.V., a well-known Mexican mining exploration and mineral evaluation company, for participation in mining operations of the MexusAtzek Mine (formerly named Trinidad Mine).
Aura Silver Resources Inc. is pleased to confirm that the Aura Silver / Intrepid Mines Ltd. joint venture has received the payout of US $2.0 million net of prior concession fees owed to Pan American Silver Corp. as announced in Press Release #13-02 of July 16, 2013. The payment was triggered by the completion of Pan Am’s sale of the West Taviche concession to Fortuna Silver Mines Inc. and is in accordance with the agreement between the Taviche JV and Pan Am which was completed in April 2012. The April 2012 agreement allowed Pan Am to retain a 100% ownership of West Taviche with the proviso that upon a sale of an interest greater than 70% in the property, US $2.0 million would be paid to the Taviche JV. In turn, the Taviche JV received a 100% ownership interest in the East Taviche concession where the Taviche JV has had the greatest amount of drilling success. Pan Am retains a 1.5% net smelter royalty in respect of East Taviche.
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