The proceeds of the Placement will be used for continuing exploration programs on the Companys mineral exploration projects and for working capital. The balance of the Placement is expected to close by June 29, 2016.
The 2016 program on San Timoteo involved using the Companys Terraspec machine to analyze clay minerals from existing drill core and other samples especially from the area of the 500 level San Martin adit. This will allow the company to build a 3D model of clay mineralogy which will aid in the planning of future drill holes.
IMPACT Silver Corp. announces that Mr. Richard Younker, CPA, CA, CMC, its Chief Financial Officer, is retiring effective June 30, 2016 after more than ten years of working with the Company. Mr. Younker will be joining a newly formed advisory board for the Company so that we may continue, from time to time, to have access to his knowledge and expertise.
We are deeply saddened over the loss of our colleague, an experienced underground miner at our San Martin Mine, said Robert Eadie, President & Chief Executive Officer of the Company, who flew to Mexico upon hearing of the fatal accident. Work-related losses are tragic and felt grievously by Starcore and our communities, and we extend our deepest sympathies to our colleagues family and friends. The safety of our employees is of utmost importance for Starcore and we will continue to take every measure to eliminate all workplace accidents and ensure the workplace is safe for everyone.
John Zang, CEO of Morro Bay, stated “Assuming all of the terms and conditions of the Amending Agreement are met, this will result in Morro Bay having no further interest in the Peñoles Project. Morro Bay is currently considering other business opportunities”.
“We look forward to Cerro Prieto’s strong contribution to our growth profile over the coming years,” said Keith Piggott, Chairman, President and CEO of Goldgroup “The mine is expected to be a significant contributor for many years to come.”
A total of 118,030,977 common shares were represented at the meeting, being 72.89% of the Company’s issued and outstanding shares. Shareholders voted in favour of all matters brought before the meeting including the re-appointment of PricewaterhouseCoopers as auditors for the ensuing year, and the election of management’s nominees as directors.
La Coordinación General de Minería y el Fideicomiso de Fomento Minero (Fifomi) trabajan en coordinación con instituciones financieras de China, para diseñar mecanismos que permitan transferir recursos a empresas mexicanas con necesidad de capital.
DynaResource, Inc. is pleased to announce that Mineras de DynaResource S.A. de C.V., the 100% owned subsidiary of DynaUSA and the exclusive operator of the San Jose de Gràcia Property in northern Sinaloa, México, is reporting the delivery for sale, on June 18 and June 20, 2016, of an approximate 750 Oz. gold contained in concentrates (exact weights in gold and silver Oz. to be determined at final settlement).
The opportunity to acquire and fully pay for this facility, at a significant discount, marks substantial progress in the development of the La Fortuna project, said Darren Koningen, President of Minera Alamos. The Company continues to evaluate metallurgical alternatives that would allow us to increase gold production from the project resource by up to 50% based on what would be expected under the heap leaching models considered by previous owners. We continue to aggressively take advantage of the rare opportunities current markets are providing.
Mexico Mining Center © 2021 / All Rights Reserved
