Amid a recent surge in merger and acquisition activity in the resource sector, the timing for a major new silver discovery could not be better for junior explorers such as Vancouver-based Kootenay Silver Inc.
SilverCrest Mines Inc. is pleased to announce that it has filed a Technical Report prepared in compliance with National Instrument 43-101 Standards of Disclosure for Mineral Projects titled, “Update to Santa Elena Pre-Feasibility Study, Sonora, Mexico”, for its operating Santa Elena mine. The UPFS updates the Santa Elena Pre-Feasibility Study and Open Pit Resource Update…
First Mining Finance Corp. is pleased to announce that it has now completed the acquisition of all of the issued and outstanding shares of Sundance Minerals Ltd. constituting its qualifying transaction under the applicable policies of the TSX Venture Exchange. The Acquisition was completed by way of an arrangement agreement whereby the Company acquired all of the issued and outstanding shares of Sundance in exchange for an aggregate of 71,074,827 common shares of the Company.
Almaden Minerals Ltd. announces that its Form 20-F for the fiscal year ended December 31, 2014 has been filed with the U.S. Securities and Exchange Commission. The Form 20-F and the Company’s audited consolidated financial statements for the years ended December 31, 2014 and 2013, are available on the Company’s website at http://www.almadenminerals.com.
Quaterra Resources Inc. continues to focus its attention on its 100%-owned Yerington copper district assets. Non-Yerington assets of the Company have been sold with the proceeds to be used in support of the Yerington District as reported in the Company’s December 31, 2014, year-end financial statements and management’s discussion and analysis filed today.
Harrison Pensa LLP commenced an action under the Class Proceedings Act, 1992 against Baja Mining Corp., certain of its former directors and officers and the company’s auditor, PricewaterhouseCoopers LLP. The action alleges that during the class period, the defendants made misrepresentations and/or failed to make timely disclosure of significant cost overruns and project delays related to Baja’s Boleo Project located in Baja California Sur, Mexico.
Proven and Probable mineral reserves at Mulatos decreased 15% to 1.73 million ounces at December 31, 2014, primarily reflecting mining depletion. The focus of the 2014 exploration program was on production drilling at San Carlos underground to further define the 2015 production model. Limited drilling was conducted targeting open pit mineral reserves…
Millrock Resources Inc. is pleased to provide an update on exploration activities at its Los Chinos gold project in Sonora, Mexico. Recent work has provided indications of a large gold-mineralized system. This new exploration discovery was made during regional reconnaissance for Herradura-type orogenic gold deposits.
Chesapeake Gold Corp. wishes to report on the current status of the updated pre-feasibility study on its 100% owned Metates project located in Durango State, Mexico. M3 Engineering & Technology together with several industry leading international consultants are currently working towards the completion of the updated PFS. Several recent developments have caused the completion of the updated PFS to be delayed until the second quarter of 2015. The Metates project hosts one of the largest undeveloped gold, silver and zinc reserves in the world.
Mexus Gold US announced today that the payment due on the sale of its San Felix property is now delinquent. The company is reviewing its options with legal counsel and will take the necessary steps to ensure the contract terms, conditions, and/or default obligations contained within the sales agreement are met.
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