Ongoing drilling designed to extend and infill the currently defined JORC mineral resource has continued to intersect significant zinc-lead mineralisation where predicted.
Under the second tranche of the Financing, Monarca issued 3,340,000 units at a price of $0.13 per Unit for gross proceeds of $434,200, making the total number of Units issued under the Financing 16,572,182 and the aggregate gross proceeds of the Financing $2,154,383. Each Unit was comprised of one common share of the Company and one common share purchase warrant. Each Warrant entitles the holder to acquire one Common Share at a price of $0.18 per share for a period of 36 months from the date of issuance.
Red Tiger Mining Inc. announces that it currently continues to produce copper cathodes from the residual leaching of copper inventory on its leach pad. In December of last year, the Company ceased mining operations at the Luz del Cobre copper mine as the tonnage of soluble copper being mined had reached uneconomic levels for continued production.
We are honored to welcome Sheri and Molly to our Board as valued advisors and acknowledged technology and operational leaders. Their experience will build on the deep and diverse expertise of our current Board of Directors, said Noreen Doyle, Chair of Newmonts Board of Directors.
Westminster Resources Ltd. is pleased to announce that it has arranged a non-brokered private placement of up to 7.5 million units at a price of $0.20 per unit for gross proceeds of up to $1,500,000. Each unit will comprise one common share and one-half common share purchase warrant. Each whole share purchase warrant will entitle the holder to purchase one common share at $0.35 per share with an expiry date of one year from the closing of the private placement. A finder’s fee commensurate with TSX Venture Exchange policies will be paid where applicable.
“I am very excited and pleased to take on the role of President and CEO of Corex Gold,” stated Mr. Ramshaw. “Corex boasts a world class operating team as well as a significant industry partner in Alamos Gold. I look forward to joining Corex and leading them into this exciting transition period as the Santana gold property transitions from a development stage project into a gold producing company.”
During the June Quarter Azure has continued its strategy of identifying and assessing opportunities to acquire precious and base metals projects in Mexico. As a high priority, the Company has sought advanced stage projects where previous work outlined mineral resources or demonstrated, by drilling, continuous zones of mineralisation.
En un comunicado, Alejandra Carlos, gerente de evidencias y manejo de la Coespris, señaló que la planta de osmosis inversa, instalada para obtener agua potable para el consumo humano, al igual que las fuentes de agua que abastecen a la población, en ningún momento se encontraron comprometidas y de acuerdo con las revisiones de campo, presentan condiciones aceptables para su consumo.
J.D. Poliquin, chairman of Almaden stated, “When low sulphidation epithermal precious metal deposits are formed, metal bearing fluid rises from depth, filling fractures with quartz, calcite and precious metal minerals. In the highest mineralised areas of the system, the same fluids can be dispersed through multiple smaller fractures to form a sheeted vein zone or swarm such as we have at the Main Ixtaca Zone. The veinlets that comprise the Main Ixtaca Zone individually carry very elevated gold and silver grades, but as they are spread out within a broad area of limestone host rock, the overall average grade is lower. To have a completely preserved system as at Ixtaca is exciting but unusual as many epithermal vein systems in Mexico have been eroded down to the feeder veins where base metals are often abundant, making them by metal content lead and zinc deposits with high precious metal credits. The intercepts reported today further demonstrate the potential for large tonnage sheeted vein zones, as well as bonanza feeder vein zones below. Our 2017 exploration drill program is targeting both.”
Gold Resource Corporation reports preliminary production results for the second quarter ended June 30, 2017 of approximately 5,696 ounces of gold, 397,670 ounces of silver and significant base metals. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $110 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.
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