Bacanora Announces Closing of $3.5M Private Placement

BACANORA MINERALS LTD. is pleased to announce that the Company has closed its previously announced private placement financing of 11,666,667 units of the Company at a price of $0.30 per unit for aggregate gross proceeds of $3,500,000. Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant being exercisable into one common share at a price of $0.45 for a period of five (5) years. The principal subscriber under the offering is Igneous Capital Limited, which has subscribed for 10,000,000 units for gross proceeds of $3,000,000. As a result of this subscription, Igneous is considered to be an Insider of the Company by virtue of its holdings of more than 10% of the outstanding voting shares of Bacanora. Accordingly, the shares and warrants issuable to Igneous upon closing are currently being held in trust, pending final TSX Venture Exchange approval following completion of standard background checks and related reviews by the Exchange.

Cayden Resources Receives $7.88 Million and Provides Corporate Update

Cayden Resources Inc. is pleased to announce that it has received the first payment of $7.88 million USD from Desarrollos Mineros San Luis, S.A. de C.V. as a result of the previously announced sale of 2,492 hectares of non core land holdings of the Morelos Sur East concession.

Silver Bull Intersects 19.52% Zinc over 22.85 Meters Including 47.59% Zinc over 4.4 Meters on the Sierra Mojada Project, Coahuila, Mexico

Silver Bull Resources, Inc. is pleased to announce the drill results for the fifth and final batch of drill holes from the underground drill program twinning a series of “long holes” in the high grade zinc zone situated below and adjacent to the high grade silver zone, located at the eastern end of the Shallow Silver Zone on the Sierra Mojada Project in Coahuila, Northern Mexico.

GoGold makes progress at Parral

Last year, GoGold Resources issued millions of shares and worked for months to acquire Absolute Gold Holdings for its Parral project in Mexico, home to a huge heap of tailings left behind after 300 years of operations at the Mina La Prieta mine.

Canasil Receives Drill Permits for Sandra-Escobar and Salamandra Projects and Expands Sandra-Escobar Claim Area in Durango State, Mexico

Canasil Resources Inc. announces that the Company has received comprehensive drill permits for the Salamandra silver-copper-zinc-lead and Sandra-Escobar silver-gold projects in Durango State, Mexico. Since the introduction of new environmental and land use regulations in Mexico in 2012 with respect to drill permits, the process for approving drill permits requires longer lead times. As a result Canasil has systematically applied for drill permits for its drill ready projects in Mexico to avoid any delays with the implementation of any planned drill programs. The Company is pleased to have received comprehensive drill permits for both projects within a relatively short lead time following filing of the applications. Each of the permits provides for multiple drill holes from 25 drill locations with provisions for building drill access roads etc. with a validity of two years, which may be extended if necessary. This will provide significant flexibility in planning appropriate drill programs to test these high potential projects.

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

All News

Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.