Orex’s President, Gary Cope says, “The third phase of drilling results continues to show strong continuity of the mineralized unit and will be added to the drill hole database for next month’s upcoming Resource Estimate.”
Greg Crowe, President and CEO noted: “It is very encouraging to see such strong investor interest in Silver One, in what is shaping up to be a resurgent silver and precious metals market. With the closing of the Private Placement Financing and the Transaction with First Mining, Silver One can now begin advancing its newly acquired silver assets.”
Keith Neumeyer, Chairman of First Mining stated, We are pleased to have completed this transaction with Silver One. We have confidence in Silver Ones management team and are looking forward to them advancing these under-explored properties further and unlocking their true value. Through the equity position that we now have in Silver One, along with our residual royalty interest in these three properties, our company will reap the benefits from continued exposure to the silver sector, and any future upside as sentiment in the mining sector continues to improve.
We are very pleased to receive high grade results right at the outset of our initial sampling program at La Quintera. stated Darrell Rader, President and CEO. We have now commenced an exploration program to locate further high grade silver zones and to define drill targets.
Aura Minerals Inc. confirms the appointment of Rodrigo Barbosa as Chief Financial Officer.
Shareholders voted in favor of all items put forward by the Board of Directors. Shareholders set the number of directors at five and approved the appointment of Greg Crowe, Luke Norman, W. Barry Girling, Claudia Tornquist and Raul Diaz-Unzueta to the Board of Directors. Ms. Tornquist and Mr. Diaz are newly appointed directors and Robert McMorran did not stand for re-election as a director of the Company. The biographies of Ms. Tornquist and Mr. Diaz are set forth in a news release dated August 22, 2016. The Company wishes to thank Mr. McMorran for his services as a director of the Company.
Argonaut Gold Inc. regrets to advise that an employee of its Mexican subsidiary Minexson S.A. de C.V was fatality injured as a result of an incident on Sunday, September 25, 2016.
“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.”
Mexus Gold US President Paul Thompson is happy to report that his recent visit to the Santa Elena mine was successful and confirmed that the project is still on track to be in production late October 2016. The recent storms which passed through the area slowed progress at the mine site but the crew continues to push forward.
Oroco Resource Corp. announces that it has received US$811,690 from Goldgroup Mining Inc. in settlement of the outstanding balance of all debts due from Goldgroup, being the remaining principal and accrued interest from (a) the US$1,500,000 promissory note, as amended, issued to the Company by Goldgroup pursuant to the terms of the Cerro Prieto property sale; (b) the Value Added Tax refund due to Oroco pursuant to a debt assignment agreement; and (c) a break fee payable to Oroco pursuant to an agreement with Goldgroup dated September 28, 2015.
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