“Although most mining companies remain cautious in their spending, we have seen an increase in activity compared to the beginning of the year. Revenue is up 8% compared to the previous quarter as demand for our services has improved,” said Denis Larocque, President and CEO of Major Drilling Group International Inc.”
There is no name change in conjunction with the Consolidation, and the Company’s trading symbol on the Exchange will remain the same.
Millrock Resources Inc. announces that it has initiated a drilling program at its Los Chinos gold project in Sonora State, Mexico. The project is the subject of apreviously-announced option to joint venture agreement with Centerra Gold Inc. Under the option agreement, Centerra can earn a 70% interest by funding US$5.0 million in exploration expenditures over a five year period. Millrock manages the exploration work in close consultation with Centerra.
Southern Silver also reported that crews have mobilized and that soil sampling is underway as part of the next phase of work on the Cerro Las Minitas project, located in Durango, Mexico. The work will target new discoveries on the largely gravel-covered property. The sampling program will further evaluate targets developed during the Company’s detailed re-evaluation of airborne and ground geophysics, property-wide biogeochemical surveys, and soil and float sampling completed by Southern Silver over the last several years. Initial work has started with step-out soil lines to determine the potential strike-length of a 500 metre-long gold-in-soil anomaly in Target Area 1 (Figure 2), located about 4 km to the southwest of the Blind, El Sol and Santo Nino deposits. Follow-up drilling is anticipated as new targets are developed and refined.
Mexus Gold US today gave an update on the progress at its Santa Elena mine. The recent rains resulted in a small delay at the mine but the crew onsite did an excellent job of keeping the impact to a minimum. The crushing of the heap leach pad filter material continues and should be completed shortly. Mexus President, Paul Thompson, remains confident that nothing will stop our partner from bringing the property into production. Mr. Thompson closed, I appreciate the continued patience and trust of our shareholders. I now believe that we will be in full production during the month of October.
Argentum Silver Corp. is pleased to announce that, further to its news release of September 1, 2016, it has closed its private placement with Sprott Mining Inc. for 15,000,000 Units at a price of $0.07 per unit. Each Unit consists of one common share of the Company and one share purchase warrant. Each Warrant entitles the holder to purchase one additional common share of the Company at a price of $0.11 per share until September 2, 2019.
DynaResource de México SA de C.V., the 100% owner of the San Jose de Gracia Project, located in the County of Sinaloa de Leyva, State of Sinaloa, México, is providing clarifying statements and a number of updates with respect to an arbitration ruling, and an October 5, 2015 Order issued by the Thirty Sixth Civil Court of the Superior Court of Justice of the Federal District of México, which awarded $48 million USD in damages to DynaMéxico against Goldgroup Resources Inc.:
Primero Mining Corp. today announced the appointment of Kevin Jennings as Chief Financial Officer effective September 19, 2016.
Goldgroup Mining Inc. announces the appointment of Anthony Balic as the Companys Chief Financial Officer and Corporate Secretary effectively immediately. Sam Wong, the previous CFO and Corporate Secretary, will take on the position of Director of Finance during a transition period.
Alset Energy Corp. is pleased to announce the receipt of a new translation revealing results of an official study undertaken in 1992 by the Mexicos former Mineral Resource Council, (now the Geologic Society of Mexico) on the San Jose de Caliguey salar located within one of Alsets concessions in San Luis Potosi, Mexico.
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