Author: Josue Gomez

Aurcana Board Update

Aurcana Corporation wishes to report that it has accepted the resignation of Lenic Rodriguez from the Board of Directors.

Santacruz Silver Announces Fatal Accident at Rosario Mine

Santacruz Silver Mining Ltd. regrets to announce that a fatal accident occurred at the Rosario Mine in the State of San Luis Potosi, Mexico over this past weekend. An employee of a contractor was fatally injured while undertaking maintenance on Ball Mill #1 at the Rosario Mine.

San Marco Resources Acquires Option on Highly Prospective Property in the Cuatro de Mayo District

San Marco Resources Inc. has signed a two year option agreement with Argonaut Gold Inc. of Toronto, Ontario to acquire a 457 hectare concession that contains a number of established gold targets in the El Chunibas area of the Cuatro de Mayo District in northern Mexico. Under the terms of the agreement, San Marco can earn a 100% interest in this concession by paying Argonaut a total of $50,000 over two years ($10,000 within 90 days, $15,000 on the first anniversary and $25,000 on the second anniversary). Argonaut will retain a one percent NSR royalty on any future production.

Almaden Updates Status of Spin-Out of Mineral Exploration Assets and Royalties

Almaden Minerals Ltd. announces that it will be deferring shareholder approval of the spin-out of its early stage exploration projects, royalty interests and certain other non-core assets, which was originally announced in the Company’s October 21, 2014 news release, to the Company’s 2015 annual general meeting. The AGM is expected to be held on or about June 2015. Shareholder approval is being deferred to avoid the expense of an additional shareholders’ meeting and to allow more time for an internal restructuring of the projects, royalty interests and assets to be spun out. The Company considers the deferral to be a prudent cost saving opportunity given the market conditions while also providing shareholders more time to better understand the corporate reorganisation and its merits before voting. The Company remains committed to the spin-out and does not believe that the deferral of the shareholder vote will place the transaction at risk, although current market conditions are very challenging and have worsened since the original spin-out announcement. The Company will continue to monitor the market while it completes the internal restructuring and will provide updates accordingly.

Northair Silver Corp. Releases Results of 2014 Drilling Program at the La Cigarra Silver Project, Mexico

Northair Silver Corp. is pleased to announce that the 2014 drilling program at its flagship La Cigarra silver project located in Chihuahua, Mexico has been completed and all results are compiled and under review. The Program consisted of seventeen core holes totaling 4,860 metres. Drilling was distributed over several property wide targets with most work directed at in-filling and expanding the known San Gregorio and Las Carolinas resource area. Subsequent to the Program, Northair currently has a cash balance position of just under C$5.0 million.

Graphite One Announces Appointment of New CFO

Graphite One Resources Inc. is pleased to announce that W. Alan Ahlgren has been appointed Chief Financial Officer and Corporate Secretary effective December 12, 2014. Mr. Ahlgren will replace Dale Hansen, who resigned effective December 12, 2014. Mr. Ahlgren will be based in the Company’s office in Vancouver and the Calgary office will be closed.

Paget Minerals Grant of Stock Options

Paget Minerals Corp. announces that it has granted a total of 1,750,000 incentive stock options to directors and officers of the Company. The Options are exercisable at $0.05 per share for a period of five years from the date of grant and shall vest as to 100% upon the date of grant. The Options were granted pursuant to the Company’s shareholder-approved stock option plan and are subject to the policies of the TSX Venture Exchange and any applicable regulatory hold periods.

Marlin to Issue Shares to Settle Deferred Contractor Payments

Marlin Gold Mining Ltd. is pleased to announce that Marlin has arranged to settle certain deferred payments with the Company’s mining contractor at the La Trinidad mine by way of issuing common shares. The Company previously disclosed that it will issue up to 1,200,000 common shares to the contractor but has since negotiated to issue an additional 500,000 common shares, for a total of 1,700,000 common shares, to settle total deferred payments of US$1,270,355. The share issuance, which is issued with no additional entitlements, further ensures that Marlin and its contractor will be aligned as the Company continues to advance the La Trinidad mine.

All News