Paget Minerals Corp. wishes to announce that it has completed the shares for debt transaction announced on January 19, 2015 after receiving the approval of the TSX Venture Exchange to settle indebtedness with a creditor of the Company.
Levon Resources Ltd. is issuing this press release at the request of Market Surveillance at IIROC on behalf of the Toronto Stock Exchange. Levon confirms that while no material change has occurred in the Company’s business or operations, the Company is in discussions with a non-resources issuer regarding a proposed corporate transaction. There can be no assurance that these discussions will result in a transaction, or on what terms. Until such time as a transaction has been agreed, at which time the Company will provide full information, the Company does not intend to make any further comment on this matter.
The Independent Technical Report was completed by Allan Armitage, PhD, P. Geo. and Joe Campbell, B.Sc., P. Geo., of GeoVector Management Inc. following the guidelines of the Canadian Securities Administrators National Instrument 43-101 and Form 43-101F1. The report titled “Updated Mineral Resource Estimate on the San Gregorio/Las Carolinas Zones, La Cigarra Silver Project, Chihuahua, Mexcio” is filed on SEDAR and can be viewed on the SEDAR website at www.sedar.com as well as the Northair website at:www.northairsilver.com.
Mexus Gold US announced that the placer plant is running with color in the sluice. The company noted that the feeder is not up to task. After timing the feeder it became apparent that a better feeder with a variable frequency drive speed control is needed. Mexus has a VFD and feeder rebuilt and ready to ship at its Walnut Grove shop. The new equipment will ship immediately and should be operational by March 10th. Production will continue during this time. The new feeder and VFD will allow the operation to process 600 TPD. CEO Paul Thompson added, “We continue the process to obtain our blasting permit…
El Pabellón de México fue inaugurado este domingo en la convención internacional minera PDAC 2015, que llevará la información más actualizada sobre los proyectos mineros en nuestro país y las oportunidades de inversión.
GOLDCORP INC. this week launched the next stage of Creating Choices, the first company-wide development and mentorship program for women in mining. First introduced in 2010, the popular initiative encourages growth and builds skills in a traditionally male-dominated industry.
For the year ending December 31, 2014 Golden Minerals recorded revenue of $0.2 million and costs of metals sold of $1.7 million at the Velardena Properties in Mexico for a negative gross margin of $1.5 million. Included in the cost of metals sold is a $1.2 million write down of finished goods inventory to estimated net realizable value. Revenue and cost of sales figures reflect approximately two months of testing the refurbished plant and processing of low grade material primarily mined for development. Mining recommenced in July 2014 and processing in November 2014 after mining activity was suspended in June 2013. The Company recorded a 2014 net loss of $18.8 million.
Morro Bay Resources Ltd. announces it has filed its Q1, 2015 consolidated condensed interim financial statements and the related managements discussion and analysis of those financial statements. Copies of the Financial Statements and MD&A can be viewed at www.sedar.com or on the Companys website at www.morrobayresources.com.
Soltoro Ltd. has completed the panel sampling on its 100%-owned Tecolote gold project located in Jalisco, Mexico. The Tecolote Project lies within the Guachinango District, which includes Soltoro’s El Rayo Primary Silver Project and the El Barqueno Gold Project recently acquired by Agnico Eagle Mines Limited. All three projects lie within a broad northwest-trending belt of gold-silver mining districts that also includes Endeavour Silver’s San Sebastian Project.
Golden Minerals Company announced today the results of a National Instrument (NI) 43-101-compliant Preliminary Economic Assessment for its Velardena Properties which are located in Durango State, Mexico.
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