Canarc Resource Corp. announces that it is in the final stages of completing the definitive agreement with Marlin Gold Mining Ltd. whereby Canarc will acquire 100% of the shares in Marlin’s wholly owned subsidiary company, Oro Silver Resources Ltd., which owns the fully permitted El Compas Gold-Silver Mine Project in Zacatecas, Mexico.
Goldgroup Mining Inc. today announces that it has agreed to further amend the payment terms for the US$950,000 outstanding from the two promissory notes issued by the Company to Oroco Resource Corp. pursuant to terms of the Cerro Prieto property sale.
Gold Resource Corporation declares its monthly instituted dividend of $0.01 per common share for September 2015 payable on October 23, 2015 to shareholders of record as of October 12, 2015. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA.
Baja Mining Corp. is pleased to report that further to its news release on September 17, 2015, the access restrictions imposed at the Boleo mine site by the Municipality of Mulegé were removed on September 25 by the newly elected Presidente of the Municipio. The mine and plant are returning to normal operations. Mr. Tom Ogryzlo, Interim CEO of Baja, together with Baja’s VP of Metallurgy and CFO, intend to effect a site visit in late October.
Mr. Pedro Villagran-Garcia, President & CEO, is pleased to announce the company is preparing a survey crew for a visit to the property. This is the last step before officially starting the 2015 exploration program.
Oroco Resource Corp. announces that, further to its news release of September 16, 2015, it has agreed with Goldgroup Mining Inc. to a revised payment schedule for the US$950,000 outstanding from the two promissory notes issued by Goldgroup to the Company. Pursuant to the agreement, Goldgroup will have until November 16, 2015 to enter into a formal debt payment agreement with the Company, pursuant to which it will pay the Company US$300,000 on signing, US$20,000 per month, commencing October 1, 2015 until September 15, 2016, with the balance of the remaining principal on or before that date. The outstanding principal will bear 12% interest, payable monthly in arrears….
Silver Spruce Resources Inc. wishes to announce that it is arranging a non-brokered private placement of up to 20,000,000 units for gross proceeds of $2,000,000. The gross proceeds of the financing shall be used to progress exploration on the Pino de Plata Project in Mexico and for working capital. The Company will pay all reasonable expenses and fees incurred in connection with the Offering and Agents will be paid a negotiated cash fee as a percentage of the gross proceeds raised in the Offering.
GoGold Resources Inc. is pleased to announce that Santa Gertrudis continues to deliver numerous high grade gold intercepts in the proposed open pit zones at the Santa Gertrudis Gold Mine in Sonora, Mexico. Holes reported below on the Viviana Fault structure have not been included in the previously released resource study. The company is continuing to advance Santa Gertrudis to reestablish gold production at the mine. The highlight of the new holes drilled include GGDOR-016 which intersected 17 metres of 5.35 g/t gold in the Dora Pit; GGGR-005 drilled at the Greta Ontario zone starting at surface of 8 meters of 18.71 g/t gold including 5 metres of 29 g/t gold; and GGCNW-004 in the Corral pit of 13.7 Metres of 3.22 g/t gold…
“We are pleased to report the first shipments of concentrate under the agreement with Samsung are now underway. These shipments represent significant operational and corporate milestones and we expect them to be the beginning of an exciting new chapter in Avino’s growth and development.
Northair Silver Corp. is pleased to provide an exploration update on its La Cigarra silver project located in Chihuahua State, Mexico. The Company has conducted further mapping and sampling on its RAM Zone target and have received positive results that support the expansion potential of this new discovery area.
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