La aprobación del proyecto de ley que propone cambios a la Ley Minera de México, destinados a abordar el impacto social de la industria, aumentaría la carga regulatoria sobre las compañías de dicho sector en la República Mexicana, incluido el requisito de realizar consultas con las comunidades, antes de obtener nuevas concesiones mineras.
Now, the same party, which, together with its allies, holds majorities in both houses of Congress, has set its sights on the activities of the mining industry. On Tuesday Senator Angelica Garcia presented a bill that would make significant changes to Mexicos mining laws, including a proposal that would allow the countrys Energy Secretary to declare certain parts of the country off-limits for mining companies due to their negative social or environmental impact.
ValOro Resources Inc. is pleased to announce that Madam Justice Matthews of the BC Supreme Court issued an order today authorizing ValOro to call a special general meeting of its shareholders to consider and, if appropriate, approve by a special resolution the friendly merger of ValOro and Defiance Silver Corp. Due to unexpected delays in printing and mailing of the proxy materials, the meeting will be held on Wednesday, December 19, 2018.
MEXICAN GOLD CORP. is pleased to report that it has received a positive response to the previously announced financing which proposed a non-brokered private placement of units at $0.20 per Unit for gross proceeds of up to $3,000,000. The net proceeds from the Private Placement will be used to continue exploration on the Companys Las Minas project located in the State of Veracruz, Mexico (up to approximately $1,100,000), property payments (US$866,666 plus Value Added Tax in Mexico), and general working capital purposes (up to approximately $600,000).
Avino Silver & Gold Mines Ltd. today announced that Malcolm Davidson, Chief Financial Officer, will depart the Company immediately.
Tamino Minerals, Inc. Mr. Pedro Villagran-Garcia, President & CEO, is pleased to announce an update regarding the recent string of fake press releases. On November 6th, 2018 two news articles were released via Business Wire (a Berkshire Hathaway Company) unbeknownst to Tamino Minerals, Inc. These press releases were utterly misleading and were released under false pretenses by unknown sources. We have reported these instances to the proper authorities and Business Wire. Almost all publications of these press releases have been deleted, as we continue to receive messages of all the places where such bogus releases were posted. An ongoing investigation is occurring to determine the culprits and bring them to justice. Tamino Minerals, Inc. does not condone this stock manipulation and wants investors to be aware that we have done everything in our power to make this right.
Millrock Resources Inc. is pleased to report that another drilling program is underway at the La Navidad gold project in Sonora State, Mexico. The program will focus on the northwestern portion of the project. Four holes are planned at the El Tigre prospect, where gold has been detected by soil sampling in the vicinity of historic mine workings. Northwest trending high angle structures appear to control mineralization. Three holes are planned to test the El Chupadero prospect where alteration (decalcification and jasperoid replacement of limestone) points to the possibility of an intrusion-related gold deposit. In total, seven holes totaling 1,500 meters are planned. The exploration work is being funded under an option to joint venture agreement by Centerra Gold Inc.
Tamino Minerals, Inc. Mr. Pedro Villagran-Garcia, President & CEO, is pleased to announce that it has closed a first phase of its non-brokered private placement of up to 15.0 million units at a price that remains to be specified.
Goldplay Exploration Ltd. is pleased to announce that the Company will undertake a private placement of up to 6,818,182 units at a price of CDN$0.22 per Unit for gross proceeds of up to CDN$1,500,000.
“This transaction is integral with Management’s plan to consolidate the Company’s shares and reduce its debt. Together, with its current financing, the Company will focus on advancing the fully-permitted drill program at Pino de Plata project in Mexico,” stated Karl Boltz, CEO of Silver Spruce.
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