Orex Minerals Inc. announces that it has closed a non-brokered private placement offering of 1,400,000 common shares of the Company at a price of $0.25 per share for gross proceeds of $350,000. Orex intends to use the net proceeds of the Private Placement for exploration and development of the Sandra Escobar Property located in Durango, Mexico and for general corporate and working capital purposes.
Silver Spruce Resources Inc. wishes to announce that it has contracted with Pilot Communications Inc. of St. John’s, Newfoundland and Labrador for investor relations services.
Baja Mining Corp. has been advised by Minera y Metalúrgica del Boleo, S.A. P.I. de C.V. that access to and from the Boleo site located near Santa Roselia, Baja California Sur, Mexico is being restricted by the local authorities. Senior management of MMB has informed Baja that the Municipality of Mulegé has claimed it is entitled to certain construction permit-related payments from MMB. The restrictions result directly from these claims. Baja and MMB believe that resolution of the legal appeal launched to resolve this matter still remains before the courts and consequently the Municipio has acted without legal authority in imposing restrictions.
NWM Mining Corporation announces that it has entered into two amendments to the Arrangement Agreement dated June 6, 2015 with SFM Holding, S.A.P.I. DE C.V, GFM Minería, S.A.P.I. DE C.V and Global Resource Fund.
Minera Alamos Inc. reported today that it has commenced drilling on the North Deposit of its 100% owned Los Verdes project in Sonora Mexico. The Company purchased the North Deposit (formerly Potreritos) in late 2011 from the General Mines Direction of Mexico in order to extend the mine life of the Los Verdes project.
Coring and testing completed to date, and calculated on a NI 43-101 compliant basis, verified by expert third parties, have determined that the resource estimate includes 588 million tonnes of phosphate ore with an average in situ P2O5 of 18.1%, comprised of 114.9 million ore tonnes of measured phosphorite, 243.6 million tonnes of indicated phosphorite and 229.9 million tonnes of inferred phosphorite. This is an increase of 19% from the last reported resource estimate of 494 million (measured, indicated, inferred) tonnes of phosphate ore.
Almaden Minerals Ltd. is pleased to announce that it has issued its inaugural report concerning its community-related activities at the Ixtaca project in Puebla State, Mexico. http://www.almadenminerals.com/RESPONSIBILITY/Documents/Almaden_CSR.pdf
Hecla Mining Company today announced that it expects to begin production at its San Sebastian project in the State of Durango, Mexico, by the end of 2015.
Shareholders voted in favour of setting the number of directors at six and the following incumbent directors were re-elected: Joanne C. Freeze, Dr. Peter Megaw, Dr. Kenneth G. Thomas, Larry Kornze, Andres Milla and Paul H. Barry. The directors will serve until the next annual general meeting of the Company.
HIGHLIGHTS:
Significant intercepts, including: 9m @ 1,235g/t Ag (from 3.0m depth) within 39m @ 347g/t Ag from surface
Mineralisation is contained in a thick horizontal layer, capping flat-topped hills, over at least 500m of strike length and up to 300m in width
Mineralisation starts at surface and continues consistently and uninterrupted for thicknesses of up to 70m
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