Sierra Metals Inc. is pleased to announce that development is proceeding in the thick Azucarera stockwork breccia at the Promontorio Mine of the Cusi Property. Access to Azucarera on Level 8 from the ramp is complete and development on Level 10A is complete with cross cuts. Development ore from both levels is being shipped to the Company’s Malpaso Mill.
Fortuna Silver Mines Inc. is pleased to announce additional results for step-out drilling of the Trinidad North discovery located contiguous with the San Jose Mine in Oaxaca, Mexico. Assay results are included for eight drill holes completed in March and April of 2014. The results continue to confirm the extension of the Trinidad North zone with high-grade silver-gold mineralization present over wide vein widths. The results reported herein lie within a 230 meter strike extension of the Trinidad system and generally outside of the limits of the existing Inferred Resources.
Camino Minerals Corporation announces that its shareholders will be asked to approve a consolidation of the Company’s common shares on a ten old common shares for one new common share basis at a special meeting of the shareholders of the Company to be held on May 29, 2014. If approved by the shareholders, the Company’s board of directors will have the ability to implement the Share Consolidation. The Company currently has an aggregate of 96,265,432 common shares issued and outstanding. The Share Consolidation, as proposed and if effected today, would reduce the outstanding common shares to 9,626,543 common shares.
Mercator Minerals Ltd announces that it has agreed with Intergeo MMC Ltd to certain amendments to the agreements executed in connection with the proposed business combination between Mercator and Intergeo announced on December 12, 2013, including the extension of the completion deadline up to May 30, 2014 and, in certain circumstances, up to August 1, 2014 and additional interim funding.
Azure Minerals Limited is pleased to advise that it has received commitments to participate in a share placement of approximately 64.20 million fully paid ordinary shares at $0.027 each to raise approximately $1.733 million. In addition, under the terms of the Share Placement one (1) free attaching option exercisable at $0.045 each (expiring on 30 November 2016) will be awarded for every 8 shares allotted in the placement.
Azure Minerals Limited is pleased to announce that it has achieved a major milestone at its Promontorio Project by completing the acquisition of 100% of the Promontorio mineral concession, located in Chihuahua State, Mexico.
Xtierra Inc. reports that it has received an updated NI 43-101 compliant resource estimate and a Preliminary Economic Assessment on the Bilbao Project, both prepared by RungePincockMinarco (Canada) Limited.
Highvista Gold Inc. announces that it has called a special meeting of shareholders of the Company to consider, and if advisable, to pass a resolution authorizing the board of directors of the Company to implement a share consolidation on the basis of one new share for each ten common shares currently issued or authorized.
Freyja Resources Inc. announced today the appointment of Mrs. Isabelle Gauthier (CPA, CA) as Chief Financial Officer and Mr. Samuel Avendano Cruz (CPA, CA) as Director of Finance.
Amarium Technologies Inc., through its wholly owned subsidiary Amarium Minerals Inc., reports the completion of the surface trenching phase of the current exploration program at the San Pedro Mine in Michoacán, Mexico. Eight trenches to depths to 25 feet are completed, with samples submitted to the lab for assaying and broad spectrum analysis. Amarium has scheduled drilling to begin on the property by May 15th.
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