IDM Mining Ltd. announces that the Company has agreed to issue 3,750,000 common shares of the Company at a deemed price of C$0.17 and make a US$50,000 cash payment to a creditor in settlement of certain debts related to the Company’s past operations in Mexico. The debt settlement is subject to approval of the TSX Venture Exchange.
“This new resource estimate highlights the important progress we’ve made since the last resource estimate” said Avino President and CEO, David Wolfin. “During the past ten years, our mine site exploration efforts have been successful, consistently identifying new resources.”
Evrim Resources Corp. announces new exploration results at the Company’s 100% owned Llano del Nogal project in Sonora, Mexico. Recent mapping and ground geophysics has defined a large 1,000 metre by 600 metre zone of porphyry alteration with a buried target at the Suanse area. Llano del Nogal has had very limited exploration and represents one of the few undrilled projects within the Cananea – La Caridad Porphyry Belt.
The U.K.-listed business, the world’s largest primary silver producer and Mexico’s second-largest gold producer, reported a 6.7% rise in silver production, including output from the Silverstream contract, to 11.8 million ounces for the three months ended Sept. 30, 2016 compared with the same quarter the year before. This was mainly due to the start-up of the first phase of San Julian plant, increased ore processed at the Saucito mine and an increased contribution from the Silverstream contract.
NSX Silver Inc. announces that it has entered into a share purchase agreement with Residence Cameron Ltd. and Dr. Marc Louis Girouard to acquire all of the issued and outstanding shares of Residence Cameron Ltd. Cameron owns multi-unit residential properties totaling 63 units, at 64, 66 and 86 Cameron Street in Moncton, NB. Cameron is a New Brunswick incorporated company whose sole assets are the multi-unit residential properties in New Brunswick.
Red Tiger Mining Inc. announces that it has received the resignation of Mr. Igor Omelchenko from the Companys Board of Directors and Audit Committee. The Board of Directors thanks Mr. Omelchenko for his service and wishes him continued success in his future endeavors.
Further to its news release of August 17, 2016, Starcore International Mines Ltd. reports that October 11, 2016 is the effective date of its registration statement on Form 20-F as filed with the United States Securities & Exchange Commission for the purpose of registering its common shares under section 12(g) of the United States Securities Exchange Act of 1934, as amended. As of the Effective Date, the Company becomes subject to the reporting requirements under Section 13(a) of the Exchange Act.
Mike England, president of Alix, states: “We are very excited to have discovered new lithium-rich clay horizons with strongly anomalous lithium values and are pleased to have successful submitted a new application to cover the strike and dip continuation of these sedimentary units.
Endeavour CEO Bradford Cooke commented, “Our consolidated production continued to exceed plan in the third quarter. Although our production forecast is lower in H2 than H1, we are well positioned to meet our recently raised production guidance for 2016. We still have available plant capacity at all three mines and are evaluating various ways to boost mine production in 2017.
Mexus Gold US President Paul Thompson stated today that the outlook for the company has never been better. The company is nearing production having very little debt which is unheard of in the mining industry. The push towards production with the companys joint venture partner, MarMar Holdings, continues as scheduled at the Santa Elena mine.
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