Aura Silver Resources (TSX-V:AUU) is pleased to announce that Robert Johansing has been appointed to the position of President and Chief Executive Officer of the Company effective June 25, 2018, subject to TSX Venture Exchange approval. As previously announced, Mr. Johansing was appointed as a director of the Company on May 23, 2018.
Mr. Murphy is a co-founder and director of Torex Gold Resources Inc. Mr. Murphy was responsible for identifying the Morelos Gold project in Guerrero Mexico as an acquisition opportunity, negotiating the purchase of Morelos from Teck in a very competitive environment, arranging a $240million+ financing to support this acquisition, and in recruiting the board and management. Morelos has now been brought into production at ~370,000 oz per year. He is also the President and Chief Executive Officer of RedZone Resources Inc., a company focused on acquiring and developing battery metals projects. Mr. Murphy previously spent 15 years working in institutional equities in London, with Merrill Lynch, Donaldson, Lufkin & Jenrette and Credit Suisse, where he ran the Credit Suisse hedge fund coverage team. Mr. Murphy graduated from the University of British Columbia with a Bachelor of Arts, from Saint Marys University with a Master of Business Administration and from the London School of Economics and Political Science with a Master of Science in Finance and he is a certified director, ICD.
New Tech Lithium Corp (CSE:NTM) has appointed Jonathan George, BSc (geology), to its board of directors and to the office of president of the company.
Kootenay Silver Inc. (TSXV: KTN) is pleased to report that Aztec Minerals Corp. today announced the results of the final 6 core drill holes from its 17-hole phase I drill program totaling 2,674 meters conducted on Kootenays Cervantes gold project, located in Sonora State, Mexico.
President and CEO Joey Wilkins stated, Every hole in our Phase 1 drill program intersected porphyry-type gold-copper-silver mineralization, and most holes collared in outcropping mineralization. Ignoring the abandoned holes CER1, 8 and 12, over half the holes at the California prospect intersected robust 100+ meter widths of higher grade mineralization exceeding 0.4 gpt gold, spanning an 800 meter length and a 200 meter breadth, to a maximum vertical depth of 150 meters (view drill section here).
Thomas A. Doyle, President, CEO, stated “We feel very fortunate that this land came open and our application was accepted in an area that is very competitive. This concession was the only land in the immediate area that has not been staked and claimed. We now share borders with Alamos Gold Inc to the north, east, south, and Agnico Eagle Mines Limited to the west.”
Following the retirement of the Companys executive directors, Jim Williams and Tony Williams in May 2018, and the appointment of Dennis Edmonds as Executive Chairman, the Company has benefited from fresh leadership, a new perspective, and the financial support of experienced mining professionals through the injection of additional cash resources in May 2018.
Tim Barry, Silver Bull President and CEO, stated, “As announced by the Company on June 4, 2018, the Company granted South32 Limited (ASX/JSE/LSE: S32) an option to form a 70/30 joint venture with respect to its Sierra Mojada Project. Upon the closing of the Private Placement, the Company expects to be fully funded for the initial four year option period under the option agreement, provided that South32 maintains the option in good standing by advancing the requisite funding pursuant to the terms of the option agreement.”
We are very pleased to have closed this transaction with MAG Silver, and further expand our presence in the Zacatecas Silver District, stated Peter J. Hawley, President and CEO. With significant exploration potential at the San Acacio project, we look forward to continuing our examination and interpretation of the large regional exploration database.
Geologix Explorations Inc. (TSX-V: GIX) announces that, effective at the market opening on Thursday, June 28, 2018, Geologix will change its name to ValOro Resources Inc. and its common shares will commence trading on the TSX Venture Exchange using the new symbol VRO on a consolidated basis of one new share for ten existing shares. The share consolidation was approved at the Company’s Special Meeting of Shareholders held on June 21, 2018 with 85.3% of the votes cast in favour. In connection with these changes, Letters of Transmittal will be mailed to shareholders providing instructions on the exchange of Geologix share certificates for post-consolidated ValOro share certificates.
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