Cayden Resources Inc. is pleased to announce additional drill results from Angostura, the third of nine priority targets being tested at the Company’s El Barqueño Gold project located in Jalisco State, Mexico. Highlights include 8 meters of 16.1 g/t Au including 2.0 meters of 41.9 g/t Au in hole 91 and 55 meters of 0.92 g/t Au and 0.30% Cu in hole 86.
Kootenay Silver Inc. is pleased to announce drill contracts are in place, drill targets have been identified and road construction is underway in preparation for an upcoming phase I drill program on its La Negra Diatreme Breccia prospect, located approx. 7 kms north of Kootenay’s flagship Promontorio Silver Resource in Sonora, Mexico. Drilling is slated to commence in lateAugust 2014 and is expected to include a minimum 2,500 meters of core drilling.
Monex estima que Grupo México presentará en el segundo trimestre un crecimiento en ventas y flujo operativo de 3.8% y 1.2%, respectivamente, mientras que para Frisco se prevé un crecimiento de ventas de 32.9% y de ebitda de 55%.
Oceanus Resources Corporation announces that it intends to complete a non-brokered private placement financing to raise up to $3,000,000 at a price of $0.35 per share. The Private Placement will close on or before Friday, July 25, 2014. The proceeds from the Private Placement will be used for exploration of Oceanus’ La Lajita gold property located in Durango. The common shares from this Private Placement will be subject to a 4-month hold period. The Private Placement is subject to TSX Venture Exchange and other required regulatory approval.
Catalyst Copper Corp. announces that further to its news release dated June 23, 2014, it has closed its non-brokered private placement of 20,000,000 units at a price of $0.07 per unit for gross proceeds of $1,400,000. Each unit consists of one common share and one full common share purchase warrant. Each whole common share purchase warrant will be exercisable at $0.10 per common share until July 21, 2019. The securities issued in connection with this private placement are subject to a four month statutory hold period expiring on November 22, 2014. Proceeds will be used for payment of costs of the study by JDS Energy and Mining Inc., existing payables including $1,200,000 of secured loans, and for general working capital.
Riverside Resources Inc. is pleased to announce results from the recent exploration program and upcoming plans at the Cajon Project in Sonora, Mexico. Riverside conducted an exploration program consisting of detailed rock sampling and structural, geologic, and short-wave infrared (SWIR) alteration mapping. This work has led to the discovery and initial delineation of gold-bearing vein zones similar to those found at the Herradura Mine (operated by Newmont-Fresnillo) located 147 km to the northwest and the San Francisco Mine (operated by Timmins Gold) located 60 km to the east. At Cajon, the initial target area of San Blas has been the primary focus so far with very promising results from rock samples taken to date. A total of 294 rock samples were collected, averaging 0.51 g/t gold (Au), including 20 samples with grades above 1 g/t Au and two samples of 37.9 and 19.11 g/t Au.
Major Drilling is pleased to announce its entry into the underground percussive/longhole drilling sector with its agreement to purchase the operations of Taurus Drilling Services. This business operates in Canada, the U.S. and Mexico, providing underground percussive/longhole drilling to mining company clients.
MAG Silver Corp. announces assay results from its twelve hole, 6,500 metre Phase 2 drill program on the Salamandra Property in Durango, Mexico optioned from Canasil Resources Inc. Phase 2 drilling began in late February of 2014 and concluded in May. The Phase 1 assays were released in a press release dated March 17, 2014, and combined with Phase 2, MAG has now drilled 10,112 metres in 17 holes on the Salamandra property, complementing an initial 12 holes previously drilled by Canasil.
Soltoro Ltd. has awarded 4,170,000 incentive stock options exercisable at $0.14 per common share to officers, directors and consultants of the Company. This grant of options is in compliance with the terms of the Company’s Stock Option Plan and remains subject to the acceptance of the TSX Venture Exchange. This grant of options was awarded after the close on July 18, 2014 and has expiry dates of July 18, 2017 and December 18, 2017.
Kootenay Silver Inc. is pleased to announce that, further to its press release dated June 20, 2014, it has received subscriptions for $1,984,050 under the non-brokered private placement of units and has today closed the initial tranche of the Private Placement totaling $1,633,050 and issued an aggregate of 5,443,500 Units at a purchase price of $0.30 per Unit. The Company anticipates closing the balance of the Private Placement shortly and will provide an update in due course.
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