Avino Silver and Gold Mines Ltd. is pleased to announce the following November production results from its San Gonzalo mine operation located on the Avino property near Durango, Mexico.
Canasil Resources Inc. announces closing of the first tranche of the non-brokered private placement announced on December 3, 2013, for gross proceeds of $270,000 consisting of 3,000,000 units at an exercise price of $0.09 per unit as detailed below. No commission or finders fee is payable with respect to this tranche of the placement, which is subject to final approval by the TSX Venture Exchange.
Ryan Gold Corp. announces that it has amended the option agreement with respect to the sale of the Company’s Los Jarros and Jarros Norte Properties in Mexico. Under the current closing terms Minera Frisco SAB de CV has purchased the Properties by making a final US$1.35 million payment to Minera Valdez SA de CV, the Company’s 100% owned subsidiary.
Mexican based Grupo Mexico Mining Company has taken delivery of its first 350 tonne Terex AC350/6 All Terrain crane from the manufacturers distributor Magamek.
Bacanora Minerals Ltd. is pleased to announce that it has acquired by staking an additional block of ground surrounding the Company’s La Ventana lithium deposit and the El Sauz and Fleur concessions that are under joint venture with Rare Earth Minerals PLC. The Company has entered into a Memorandum of Understanding with REM that allows REM to participate in exploration and development of Megalit, as well as the Company’s Buenavista and San Gabriel concessions.
Amarium Technologies Inc., through its wholly owned subsidiary Amarium Minerals Inc., reports that the Company is nearing completion of a gold and silver property acquisition. The target property is located in Mexico with significant surrounding infrastructure already in place and has historical production.
Timmins Gold Corp. is pleased to announce that Jose Vizquerra Benavides has been appointed as an independent member of the board of directors. Mr. Vizquerra is currently the President and CEO of Braeval Mining Corporation, a TSX listed company, and Oban Exploration Ltd, a private exploration company. From 2008 until 2011 Mr. Vizquerra was the head of project evaluations with NYSE listed Compania de Minas Buenaventura of Lima, Peru, and a geologist with Goldcorp in Red Lake Ontario from 2005 until 2008.
Highlights
In September 2013, a new cone crusher was installed.
In October and November 2013, 3 – 4 tons of ore were processed per hour or approximately 20 tons per day (based on 6 hours per day).
Two grades of concentrate have been internally estimated using the mine laboratory (43-101 Non-Compliant) inventoried as follows: (i) 1.6 tons grading between 544 g/t gold and 2,058 g/t gold and (ii) 0.46 tons grading between 146 g/t gold and 1318 g/t gold.
Mining operations have advanced more than 725 meters in 7 adits.
Currently focused on the new high grade Natas gold vein, the closest adit to the plant and another wider vein that can produce good grades and tonnages.
In October 2013, Excalibur entered into a second addendum with Minera Apolo S.A. de C.V. to increase the Company’s ownership in Minera Catanava de C.V. from 49% to 60%.
Orex Minerals Inc. is pleased to announce that it has retained Frontier Consulting Ltd., part of the FronTier Merchant Capital Group for Investor Relations Services. FronTier is an experienced and reputable Investor Relations group that is based in Toronto, Canada. FronTier will assist the company by increasing market awareness for Orex utilizing a number of financial market communications and initiatives. They will also facilitate In-Person business meetings for Orex with Capital firms in a number of cities across Canada.
GoGold Resources Ltd. has signed a definitive agreement with Animas Resources Ltd. to buy the past producing Santa Gertrudis Gold Mine located in Sonora Mexico. GoGold will acquire 100% of the Animas Mexican subsidiaries which hold the titles to the Santa Gertrudis Gold Mine. GoGold has completed its due diligence. The definitive agreement is subject to all necessary regulatory approvals.
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