ALIX RESOURCES CORP. announces the discovery of a lithium-bearing, clay-rich showing in a sequence of sedimentary-volcanic rocks located on the Companys northern Tecolote Concession, which adjoins Bacanora Minerals Ltd. and Rare Earths Minerals PLC’s Buenavista concession located in Sonora, Mexico.
The Board of Directors of Aurcana Corporation reports that upon reviewing the trading volume, costs and administrative requirements related to the Company’s listing on the OTCQX International, it has voluntarily delisted its common shares from the OTCQX International effective tomorrow, January 6, 2016. Aurcana’s common shares continue to be listed on the TSX Venture Exchange.
The Board of Directors of Almadex Minerals Limited has adopted a shareholder rights plan. The Plan has been accepted for filing by the TSX Venture Exchange.
The Report provides detail in relation to the Company’s Mineral Resource Statement for its lithium properties as detailed in the Company’s press release dated November 23, 2015. These properties consist of its 100 percent owned La Ventana lithium concession and El Sauz, El Sauz 1, Fleur concessions which are held by Mexilit S.A. de C.V. Mexilit is owned 70 percent by Bacanora and 30 percent by Rare Earth Minerals PLC.
Mexus Gold US announced today that it anticipates that in the first part of 2016 one of several mining companies currently reviewing the Julio/Martha Elena property will pick up and continue where Argonaut left off. The company believes that this property has tremendous potential and that a well-funded company will use the significant work already completed to further the project. President Paul Thompson added, This is an important time for Mexus. We have a major mining company looking at the Julio/Martha Elena and our hope is to complete a deal that is fair for all given the challenges within the mining industry.
Paget Minerals Corp. is pleased to announce that the $100,000 financing announced on November 16, 2015 has been increased to $150,000 and is fully subscribed. The financing includes $47,500 from Pacific Opportunity Capital Ltd., a private company in which Mark T. Brown, CPA, CA, a director of the Company, is the President.
McEwen Mining Inc. is pleased to announce the appointment of Colin Sutherland as its President. Colin will be responsible for the financial and operational performance of the Company. Rob McEwen will remain the Chairman and CEO.
United States Antimony Corporation reported that it has sold 5,377 tons of zeolite in Q4 of 2015 compared to 3,063 tons in Q4 of 2014, an increase of 75%. During 2015, the Company sold 15,235 tons of zeolite compared to 11,079 sold in 2014, an increase of 37%.
“Debt refinancing arrangements are well advanced and this extension allows the time required to close a transaction,” stated Mark Backens, Interim CEO of Timmins Gold. “We would like to thank our lenders at Sprott and Morgan Stanley for their support and assistance during this process.”
“We are very fortunate to bring on a person of Rob’s calibre to Alta Vista. He will be integral in helping us develop strategies for Alta Vista, to rapidly grow in the medical marijuana marketplace,” stated Ian Foreman, president of Alta Vista, “In addition, we will utilize his extensive experience in the liquor industry to plan for the potential legal recreational market in Canada.”
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