Author: Josue Gomez

Mexus begins work on its open heap leach pad with all permits in hand

Mexus Gold US announced today that the environmental and mining permits are complete and work has begun on the area that will become Mexus’ open pit heap leach mine. An area 300 meters by 100 meters is being cleared and leveled for the pad. Mexus intends to open pit the shear zone where the Julio high grade quartz vein faulted to the west as identified by Director of Operations Cesar Lemas. The shear zone and the Julio quartz vein will be mined simultaneously with strict grade control. The shear zone ore has graded 1 to 5 grams per ton with the Julio assays running much higher and includes visible gold. Mexus believes that mining the Julio quartz vein from the surface along with the shear zone makes the most sense. The shear zone material will be crushed to ¾” minus then placed on the leach pad. The Julio high grade will go straight to Mexus’ crusher ball mill gravity recovery plant. The tailings from the gravity recovery plant will also be placed on the heap.

San Marco Closes Oversubscribed $439,550 Unit Private Placement

Robert Willis, CEO commented; “We are extremely grateful to receive the financial support to not only initiate the San Marco / GlobeTrotters partnership field work, but also to continue reviewing and evaluating additional opportunities. We look forward to providing our shareholders with a continual flow of news regarding results of field work which has been initiated. “

Corex Gold Announces Shares for Debt Settlement

Corex Gold Corp. announces subject to TSX Venture Exchange approval, has agreed to settle an aggregate amount of $176,400 owed to related and non-related parties to be settled by the issuance of approximately 2,205,000 common shares at a deemed issue price of $0.08 per share.

Biricu Project Update

As previously disclosed on November 4 and December 4, 2015, Minaurum loaned Guerrero Ventures Inc. funds to explore Biricu. Guerrero has informed Minaurum that the required exploration expenditures and obligations of the underlying Biricu option agreement between Alamos Gold Inc. and Guerrero have been fulfilled. Results from the exploration work are pending.

Oremex Silver Inc. Provides Corporate Updates

The Company is continuing to take steps to bring the Company into good standing, evaluate its existing project portfolio and assess opportunities for moving forward. As previously disclosed, in connection with the revocation of cease trade orders in early February, the Company filed an updated resource report on its flagship Tejamen silver project in Durango, Mexico. The Company is currently evaluating viable options to progress the Tejamen silver project including having discussions with potential joint venture partners. The Company plans to continue its efforts to create value from its portfolio of properties for shareholders.

First Mexican Update on Guadalupe Property, Mexico

First Mexican Gold Corp. wishes to advise that as a result of a review by the British Columbia Securities Commission, we are issuing the following news release to clarify our disclosure. First Mexican Gold wishes to advise the public that its October 28, 2014 technical report, as currently filed, does not comply with the requirements of NI 43-101. As such, the resource estimates on its Guadalupe project are not supported by the compliant NI 43-101 technical report, contrary to NI 43-101, and that the resource estimates should not be relied on until they have been verified and supported by a revised technical report. The Company is working with its consultants and Qualified Persons to file a revised technical report as soon as possible and will keep the shareholders apprised of its progress.

First Majestic Silver Corp. Announces C$50 Million Bought Deal Financing

The net proceeds from the sale of the Common Shares will be used towards the mill and mine expansion at La Guitarra to 1,000 tpd, to further advance the roasting analysis and testing at La Encantada, and to allow the Company to increase the amount of development and exploration across the Company’s six operating mines as well as for general corporate and working capital purposes.

Chinese miners eager to snap up gold assets abroad

Chinese gold miners plan to extend the biggest buying spree in four years, as the nation seeks greater clout in the global bullion industry. The prospect may be helping to drive up the price of gold assets in other countries.

Defiance Pushes San Acacio Payments to 2018

“The San Acacio project vendor has been willing to renegotiate the purchase agreement on multiple occasions in the past, providing Defiance with the flexibility to prosper throughout this difficult market and to maximize the allocation of its treasury toward the advancement of the project instead of property payments. Defiance plans to use this additional financial flexibility in 2016 to explore and expand the existing resource at the San Acacio Silver Project”, stated Bruce Winfield President and CEO.

Great Panther Announces At-The-Market Offering Of Up To US$10 Million

GREAT PANTHER SILVER LIMITED announces that it has entered into an At-the-Market Offering Agreement dated April 20, 2016 with Rodman & Renshaw, a unit of H.C. Wainwright & Co., LLC. Under the ATM Agreement, the Company will be entitled, at its discretion and from time-to-time during the term of the ATM Agreement, to sell, through Rodman, as placement agent, such number of common shares of the Company having an aggregate gross sales price of up to US$10.0 million. Sales of the Common Shares will be made through “at the market distributions”, as defined in National Instrument 44-102, directly on the NYSE MKT LLC or on any other existing trading market in the United States. No offers or sales of Common Shares will be made in Canada on the Toronto Stock Exchange or other trading markets in Canada. The Common Shares will be distributed at market prices or prices related to prevailing market prices from time to time. As a result, prices of the Common Shares sold under the Offering will vary as between purchasers and during the period of distribution.

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