Thomas A. Doyle, President and CEO of the Company, stated that having Agnico as a strategic investor, particularly given its technical knowledge in an area that is geologically complex, will be a great advantage to the Company, especially during the exploration stage.We look forward to the upcoming drill program.
GOLDCORP INC. announces that that it has received approval from the Toronto Stock Exchange of its Notice of Intention to Make a Normal Course Issuer Bid. Under the NICB, Goldcorp may purchase for cancellation up to 43,476,502 Common Shares (representing 5% of its 869,530,053 issued and outstanding Common Shares as of October 26, 2018) over a twelve month period commencing on October 31, 2018. The NCIB will expire no later than October 30, 2019.
Mexus Gold US the necessary steps to begin drilling at the Santa Elena mine. The completion of permitting and contracts will allow the company to begin phase 1 of its drilling program by November 1st, 2018. Mexus anticipates that the initial drilling program will be completed by December 1st, 2018. In addition, the company will have obtained all the necessary information required to begin working on a 43/101 report by year end. Mexus will release drill results as they are obtained.
Mining commenced at Plomosas Mine for total capital cost of US$275,000
Toll treatment and offtake agreements executed with Grupo Mexico
Bankable Feasibility Study Completed
Marlin Gold Mining Ltd. is providing an update on Hurricane Willa, which made landfall on Mexicos Pacific coast as a Category 3 on Tuesday evening and crossed over the Companys wholly owned La Trinidad gold mine in Sinaloa, Mexico early Wednesday morning.
Pierre Gauthier, Chairman & CEO of Auxico, commented, “The dual listing of Auxico’s common shares on the NEX Exchange will provide our Company with access to the capital markets of London, one of the largest financial markets in the world. Access to growth capital from London, through the NEX Exchange, will help Auxico to advance its business plans in Colombia and Mexico, where we have access to significant opportunities in the mining sector. In addition, a NEX listing makes sense for our Company as a significant portion of our common shares are already held by residents of the UK.”
As previously noted, our production during the third quarter was unacceptably below expectations and not representative of the improvements we have made at Platosa in recent quarters, stated Brendan Cahill, President and CEO.
This new discovery hole is an extremely exciting development for the Company stated Darren Koningen, CEO of Minera Alamos. One of the driving factors behind the merger between Minera Alamos and Corex earlier this year was the significant untapped potential we believed we could unlock once the two Companies contiguous land packages were combined. As our knowledge base grows and we continue to better understand the regional geology we should continue to find additional mineralization. The discovery of the Divisadero area provides further evidence that the mineralizing events that occurred in the Nicho area are present at shallow depths elsewhere on our extensive property holdings.
“We have full faith and confidence in our Mexican legal team and the rule of law in Mexico. We believe that justice will prevail in the near future,” stated Mark Gordon, Odyssey CEO. “We remain confident in the extensive scientific testing and modeling conducted by subject matter experts that demonstrate the ability to safely and cost effectively recover phosphate from this offshore deposit.”
Oroco Resource Corp. is pleased to announce that, due to the private placement previously announced on October 9, 2018 being oversubscribed, it is increasing the Private Placement by an additional 750,000 units. The increased private placement will now comprise up to 3,750,000 units at a price of $0.20 per unit to raise gross proceeds of up to $750,000.
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