Low Initial Capital of $232 Million and Low Operating Costs Generate Exceptional Economics
Estimated Average Annual Production of 57,300 ozs. Gold and 3.1 Million ozs. Silver for 14 Years
Estimated Base Case Pre-Tax NPV of US$707 Million at a 5% Discount Rate and IRR of 33.2%
Evrim Resources Corp. is pleased to announce that exploration partner Inmet Mining Corporation has approved a $2.43 million drilling and geophysical program on the Company’s wholly owned Cumobabi project in Sonora, Mexico. The Cumobabi project comprises 407 square kilometre of prospective ground within the Sonora copper-molybdenum porphyry belt, approximately 130 kilometres north east of Hermosillo.
Candente Gold Corp. is pleased to provide an update on the continuing definition of gold-silver mineralization at its El Oro Project in central Mexico. Following a recent Director’s visit to the property, Candente Gold is of the opinion that the El Oro project has met a major milestone in the ongoing compilation of the historical work by identifying previously unrecognized and untested controls for potential higher grade mineralization.
Kootenay Silver Inc. is pleased to announce results from preliminary metallurgical testing conducted by ALS Minerals of Kamloops, British Columbia on the gold component contained within the diatreme hosted Promontorio Silver resource. Results from the ALS gold extraction tests show that recovery of gold from the Promontorio resource is possible using post pressure oxidation. After pressure oxidation 94.5% of the gold was extracted from pyrite concentrate.
Garibaldi Resources Corp. is pleased to report results at the Locust drill target in Sonora State, Mexico. To date, 9 holes have been drilled for a total of 1,757.7 meters. The tenth hole is currently in progress. This news release reports new results from holes LCT-12-07 through LCT-12-09 in the table below. In general, most of the holes have intersected significant widths of mineralization.
Santacruz Silver Mining Ltd. announces that it has granted incentive stock options to an employee and an officer of the Company to acquire an aggregate of 400,000 common shares at $1.85 per share, for a period of 5 years. These incentive stock options have been granted in accordance with the Company’s Stock Option Plan.
Cylindrical brick stacks poking out of the barren hill sides can be seen from miles away. But curiously, they dont attach at the base to any grand warehouse or factory.
Sólo se hará un exposición del proyecto que incluye únicamente la fase de exploración y no el de la posible apertura.
Amex Exploration Inc. is pleased to announce that it has closed a non-brokered private placement of an aggregate amount of $355,000.00, through the sale of “A” & “B” units priced at 1000$ each.
Santa Fe Metals Corp. is pleased to announce that it has completed the first tranche of a non-brokered private placement announced on February 6, 2013. The Company has issued 6,713,001 units at $0.06 per unit and 1,183,000 flow-through shares generating gross proceeds of $473,760.
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