Santacruz Silver Mining Ltd. is pleased to announce that it has finalized and closed the US$28.4 million Pre-paid Silver Purchase Agreement with JMET, LLC previously announced on September 18, 2014. The funds will be used to advance the development of the Company’s second project, San Felipe, in Sonora State, Mexico.
GREAT PANTHER SILVER LIMITED announces that, as a result of a review by the British Columbia Securities Commission, the Company is issuing this news release to clarify disclosures in the Company’s annual management discussion and analysis for the year ended December 2013. The Company did not disclose management’s conclusions in respect of the Company’s internal controls over financial reporting in the MD&A. The Company confirms that the Company’s Chief Executive Officer and Chief Financial Officer each evaluated the effectiveness of the Company’s ICFR as at the end of the period covered by the MD&A and the accompanying consolidated financial statements and concluded that the ICFR were effective as at December 31, 2013.
Goldgroup Mining Inc. is pleased to announce that the Company has completed the second drawdown of USD$3,993,239 on the previously announced secured medium term loan facility of USD$10 million provided by RMB Resources Inc. and Credipresto SAPI de CV SOFOM ENR. The total amount of funds drawn down under the Facility are USD$6,000,000. These funds will be used to facilitate the development of the Company’s Cerro Prieto mine and for other working capital purposes.
Tonogold Resources Inc. is pleased to announce the appointment of Mr. Jordan Moelis and Mr. Gustavo Mazon as non-executive directors of Tonogold effective immediately.
Starcore International Mines Ltd. and American Consolidated Minerals Corp. are pleased to announce the signing of a definitive arrangement agreement whereby Starcore would acquire all of the outstanding securities of AJC in an all-share transaction to be completed pursuant to a court approved Plan of Arrangement under the Business Corporations Act (British Columbia).
Arian Silver Corporation reports that discussions to fully fund the company’s flagship San Jose silver project continue to progress.
El pleno del Congreso de Sonora aprobó por unanimidad, enviar un exhorto al Gobierno Federal para que solicite a Grupo México que retire las vías del tren de la subsidiaria Ferromex de municipios del estado, donde vagones cargados con químicos altamente tóxicos atraviesan zonas densamente pobladas.
* Intersects high grade massive sulphide veins
* Includes 1.30 m interval at 9.5% Cu and 35 g/t Ag and 0.50 m interval at 12.1% Cu and 1 g/t Ag
* Results support the company’s initial decision to start underground exploration program and production later this year
* Includes intervals of 12.2 m at 1.4 % Cu and 4 g/t Ag and 10.8 m at 1.4% Cu
and 5 g/t Ag
* Includes intervals of 4.55 m 3.0% Cu and 17 g/t Ag, 5 m at 3.2% Cu and 14 g/t Ag and 2.65 m at 3.0% Cu and 12 g/t Ag
* Evidence of enrichment at depth to be tested as part of the second phase of drilling
* Permit application for underground exploration program and production submitted to SEMARNAT (Secretariat de Medio Ambiante y Recursos Naturales of Mexico)
BACANORA MINERALS LTD. is pleased to announce that it will commence a significant drilling and exploration program in early November and is working with several key industry consultants to design a full scale lithium plant and mining operation, capable of up to 50,000 tonnes per annum of lithium carbonate equivalent to complement the already defined indicated resource of 3.26 million tonnes of LCE on the Sonora Lithium Project.
Para constituir el fideicomiso de 2 mil millones de pesos el gobierno federal aceptó que la empresa pagara en cuatro “amortizaciones de 500 millones”.
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