Alamos Gold Inc. reported that it has reached an agreement to acquire the surface rights for the Cerro Pelon and La Yaqui satellite deposits at its Mulatos mine allowing for the start of permitting and development activities. Closing of the agreement is subject to completion of due diligence and other customary closing conditions and is scheduled for the end of June 2014.
Scorpio Mining Corporation today issued a letter to shareholders. With the June 10, 2014 proxy deadline fast approaching, shareholders are urged to vote the Company’s WHITE proxy today.
Citation Resources Inc. and Inlet Resources Ltd. are pleased to announce that, further to their press releases of April 22, 2014 in respect of their planned business combination, the companies have entered into a definitive arrangement agreement dated as of May 27, 2014. The transaction will effectively combine the assets of both companies on a consolidated basis, with Citation becoming a wholly-owned subsidiary of Inlet.
Gold Resource Corporation announces continued Arista deposit high-grade drill intercepts including 2.68 meters of 11.72 grams per tonne gold and 748 grams per tonne silver. Gold Resource Corporation is a gold and silver producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $97 million to shareholders in monthly dividends since declaring production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.
Evrim Resources Corp. is pleased to announce that it has closed the non-brokered private placement announced on May 7, 2014. The company has issued 5,000,000 shares for gross proceeds of $1,600,000. The shares will be subject to a 4 month hold expiring on September 28, 2014. Proceeds from the Private Placement will be used for exploration and working capital purposes. Finder’s fees of $26,016 were paid in conjunction with the Private Placement.
IMPACT Silver Corp. announced today its financial results for the three months ended March 31, 2014. The information in this news release should be read in conjunction with the Company’s unaudited condensed consolidated interim financial statements and Management’s Discussion and Analysis, available on the Company website at www.impactsilver.com and on SEDAR at www.sedar.com. All amounts are stated in Canadian dollars unless otherwise specified.
Bonanza Grade Silver Zone
Indicated Resources: 8.3 million tonnes containing 160 million ounces of silver
(MAG’s 44% share is 71 million ounces) grading 601 g/t silver
Inferred Resources: 2.4 million tonnes containing 48 million ounces of silver
(MAG’s 44% share is 21 million ounces) grading 626 g/t silver
Metallurgical Tests of Material From the San Francisco Deposit Recover Up to 94% of the Gold From 1/4 Inch Crush Size
Fortune Bay Corp. announces that it has initiated a strategic review process to explore alternatives for the enhancement of shareholder value. The review will consider various alternatives for the Company, including the potential sale of the Company’s exploration assets, and any other options identified by executive management with the fundamental objective of realizing the best value for the Company’s shareholders.
Geologix Explorations Inc. is pleased to announce the sale of the Company’s Nuestra Senora del Carmen II Property to Argonaut Gold Inc. Geologix has also executed an assignment to sell Argonaut its Consejo 1 Property. Both properties are located in Mexico. In exchange for these two properties, Argonaut will provide Geologix with total compensation of $600,000 USD.
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