GOLDCORP INC. today announced that President and Chief Executive Officer Chuck Jeannes will retire following the Company’s Annual General Meeting in April 2016. David A. Garofalo, currently President and Chief Executive Officer of HudBay Minerals Inc., will succeed Mr. Jeannes as President and Chief Executive Officer and will join Goldcorp’s Board of Directors.
Mexus Gold US announced today that Argonaut Gold notified the company that it will not exercise their option at the Julio/Santa Elena property. Argonaut explained that the uncertainty with the price of gold is challenging exploration budgets. This, along with the obligations of $5,000,000 in drilling and mapping, $950,000 payable to Mexus to continue the JV, and a 20% fully carried contract were all factors in their decision . To date it is estimated that Argonaut has spent upwards of $500,000 in drilling, mapping and other associated costs. They also added that in better economic times the company would have exercised the JV option.
Guerrero plans to drill approximately 4,500 meters of core at the Hornfels Hill, Punto Rojo, and La Curva prospects, following up on targets drilled in 2014 in addition to testing several other targets that were identified by geophysics but not drilled in 2014. The current program will test the upper Morelos Formation and is employing 3 man-portable rigs and 1 track rig.
Candente Gold Corp. announces the resignation of Dr. Peter Megaw from his position as Independent Director as of November 26th, 2015 for personal reasons. Dr. Megaw has been a dedicated member of the Board of Directors of Candente Gold Corp since the Company was started in 2009 and prior to that a dedicated member of the Board of Directors of Candente Resource Corp since 2005 and we thank him for his valuable service. Dr. Megaw will remain associated with the Company in the capacity of Consultant which given his extensive knowledge of gold exploration in Mexico we consider to be extremely valuable.
Goldgroup Mining Inc. announces that on November 30, 2015, RMB Australia Holdings Limited has assigned their 80% portion of the Company’s outstanding $10,000,000 secured medium term loan facility to Credipresto SAPI de CV SOFOM ENR, giving Credipresto 100% ownership of the outstanding Facility. Javier Reyes, a director of Goldgroup, is a principle of Credipresto…
Millrock Resources Inc. reports it has increased the non-brokered private placement announced on November 20, 2015. The financing will now consist of up to 8,125,000 units at a price of $0.16 per Unit, for gross proceeds of up to $1,300,000. Each Unit shall consist of one common share of Millrock and one share purchase warrant. Each Warrant will entitle the holder thereof to purchase one additional common share at a price of $0.22 per common share until and including the date which is one year from the closing date, thereafter at a price of $0.30 per common share until and including the date which is two years from the closing date and thereafter at a price of $0.40 per common share until and including the date which is four years from the closing date.
Southern Silver Exploration Corp. reported today that core drilling on the Cerro Las Minitas project, Durango State, Mexico has identified thick intervals of high-grade semi-massive and massive sulphide mineralization in drill hole 15CLM-081. The mineralized intercepts represent a significant lateral offset from previously outlined mineralization of the Blind-El Sol zones. Highlights from drill hole CLM-081 include:
“Not only were we encouraged by the significant copper equivalent grades at the North Deposit but also by an unexpectedly high silver content – over five times that experienced in the South Deposit,” said Darren Koningen, President, Minera Alamos Inc. “The real surprise, however, was how close the deposit came to surface making it ideal for open pit mining. The top six metres of all nine holes had a collective average grade of 0.79% copper equivalent.”
Un grupo de habitantes de la comunidad de Coatetelco de esta localidad rechaza a la empresa minera Alamos Gold Company (antes Esperanza Silver), la cual busca explotar alrededor de 303 hectáreas de tierras de cultivo y de uso común de la comunidad para extraer metales como antimonio, arsénico y oro.
Comex Grade 1 Copper cathodes production of 299 tonnes for the three months ended September 30, 2015
Copper sales of $1,419,869 for the three months ended September 30, 2015 at an average realized price of $2.15 per copper pound
Total cash costs per copper pound of $1.35 and average realized margin of $0.80 per copper pound for the three months ended September 30, 2015
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