Shares of Corex Gold (TSE:CGE) surged Monday after H. Morgan & Company agreed to provide the junior explorer with financing of up to $1.65 million, as well as operational and management services, to help move Corex’s Santana property in Mexico to production.
Baja Mining Corp. is pleased to announce that further to its news release of May 13, 2014, Minera y Metalurgica del Boleo, S.A. P.I. de C.V. and Korea Resources Corporation have provided it with documentation confirming the termination of the 2010 Project Financing senior facilities, including the termination and/or release of all related Baja guarantees (US$160.6 million as at March 31, 2013, plus any overall completion guarantee), security interests and pledges. Accordingly, Baja is no longer liable as a guarantor of any amounts borrowed by MMB, nor is it liable in respect of any overall economic completion guarantee related to project finance for the Boleo Project. Baja remains a 10% shareholder of MMB and if the total costs to complete the Boleo Project exceed US$1,751 million and further equity funding is required, Baja must participate on a pro rata basis or Baja’s current 10% interest in MMB will be further diluted.
Avino Silver & Gold Mines Ltd. today announced that as of Thursday June 19th, mill Circuit 2 is back online processing above ground stockpiles from the Avino mine. With Circuit 2 back online, Avino’s processing plant is once again operating at full capacity.
Riverside Resources Inc. is pleased to announce the results from an additional six drill holes that were completed at the recently discovered Jesus Maria South Zone at the Penoles Project in Durango, Mexico. The Company believes that these results confirm the continuity and extent of the near surface Zone away from areas of historic mining.
Timmins Gold Corp. announced today the nomination of four new, highly-qualified mining industry professionals to stand for election as part of an independent seven-person Board of Directors.
Torex Gold Resources Inc. is pleased to announce that mining of the “North Nose” pit has started, and this mining will add approximately 72,000 recoverable ounces into a stockpile that will be available when the plant is ready for commissioning in August of 2015. The Company expects to process this material in 2015, in addition to the previously planned 38,000 ounces of 2015 production from its El Limon-Guajes Project in Mexico.
Aura Silver Resources Inc. is pleased to announce that it has completed an extensive soil sampling survey on its 72% owned East Taviche property in Oaxaca Mexico. The purpose of this program is to enhance our knowledge of the geology and geochemical expression of the Company’s Higo Blanco jasperoid structure in order to expand the existing resource and find additional, buried precious metal targets. In addition, preliminary geological reconnaissance and rock sampling were conducted in the northern end of the East Taviche concession (East Taviche North) to assess the potential for the continuation of vein structures, some of which were previously identified on an adjacent property.
Corex Gold Corporation is pleased to announce that it has entered into a letter agreement with H. Morgan & Company to provide financing of up to $1.65 million and to provide operational and management services in regards to the Company’s Santana property with the intent of moving the company into production. The 100% owned Santana property is located in the State of Sonora, Mexico.
BACANORA MINERALS LTD. is pleased to announce the appointment of Mr. Colin Orr-Ewing as the Chairman of the Board of the Company. Mr. Orr-Ewing began his career as an investment manager for the Shell Pension Fund in London after qualifying as a Certified Accountant. He has a wealth of over 35 years’ experience spanning both the oil and mining industries and has been a director of UK and Canadian oil companies and Irish and Canadian mining companies. Mr. Orr-Ewing has also acted as a consultant to a fund management company on its natural resources portfolios for the last 20 years, and, until 2013, was Executive Chairman of Vatukoula Gold Mines Plc. He was actively involved in the oil industry from 1971 to 1987, working with numerous companies in the North Sea, Libya, Nigeria and Algeria. Mr. Orr-Ewing is a geography graduate of Oxford University.
SOURCE EXPLORATION CORP. is pleased to report drilling has resumed at its Las Minas property, Veracruz, State, Mexico. The 2,000 metre diamond drill program has commenced after a very successful Phase 1 winter program.
Mexico Mining Center © 2021 / All Rights Reserved
