Great Panther Silver Limited today announced that it has received the Environmental Impact Permit for its 100% owned San Ignacio Project in Guanajuato, Mexico. With the granting of the permit, the Company has commenced construction of a two-kilometre road to provide access to the new portal for ramp and mine development.
Excalibur Resources Ltd. is pleased to announce that it has signed a second Addendum to the September 22, 2010 Joint Venture Agreement whereby it will increase its ownership in the 49% owned subsidiary Minera Catanava S.A. de C.V. in Pinos, Zacatecas, Mexico by acquiring an 11% stake from the 51% of the common shares held by its partner Minera Apolo S.A. de C.V. for US$1,000,000 and a 2% Net Smelter Return royalty on anything produced in the Pinos District, excluding production from the existing Catanava area with the following conditions. Excalibur will make the cash payments in four installments of US$250,000 over 4 years after Catanava reaches full production of three shifts per day or after reaching production of at least 100 tpd, whichever comes first. Each of MASA and Excalibur will retain two of the four seats on the Board of Directors of Catanava and MASA will be represented with one seat of the five seats on the Board of Directors of Excalibur.
Sonoma Resources Inc. announces that it will proceed with a non-brokered Private Placement of up to 2,000,000 units of Sonoma at a price of $0.05 per unit for proceeds to the Company of up to $100,000. Each Unit consists of one common share of Sonoma and one non-transferable share purchase warrant entitling the holder to acquire one additional common share of Sonoma at a price of $0.10 per common share for a period of twelve (12) months from the date of the issuance of the purchase warrant with a forced exercise provision attached to each warrant commencing on the day following the expiry of any applicable hold period on the underlying Common Share, stating that if, for ten consecutive trading days, the closing price of the listed shares of the Company exceeds $0.40 then the exercise period of the warrants will be reduced to a period of 10 days following such trading days.
Vista Gold Corp. today announced that it has signed a binding agreement to sell its debt and equity participation in the Los Cardones gold project in Baja California Sur, Mexico, to the Invecture Group for US$13 million.
Radius Gold Inc. is pleased to report that drilling has started at the Santa Brigida epithermal silver-gold property located approximately 80 kilometres east-northeast of the city of Guanajuato in Mexico.
Orex Minerals Inc. is pleased to announce that additional trenching and reconnaissance channel sampling have extended the target for over 1.6 kilometres strike-length on the Impulsora structures of the Coneto Gold-Silver Project in Durango, Mexico. Results from the northernmost 380 metres were released on 20 August 2013. The following results are in addition to the previously released results and are all to the southeast. A technical committee, with representation of Orex and its project partner Fresnillo plc (LSE:FRES) (“Fresnillo”), is managing the Coneto exploration program.
Azure Minerals Limited hereby advises that Fat Prophets, a Sydney-based financial services and investment research company, has released an independent research report on Azures recent discovery of the Cascada high grade copper-gold-silver deposit. Cascada is part of the Companys Promontorio Project located in the Mexican state of Chihuahua.
La Semarnat recibió seis proyectos entre el 19 de diciembre de 2012 y el 4 de octubre de este año, pero sólo aprobó a Minera Frisco
For the first time in 75 years Mexico is ready to allow foreign oil extraction for finding its rich natural resources.
Kimber Resources Inc. is pleased to announce the closing of the private placement with Invecture Group, S.A. de C.V. which was announced in its news release of September 25, 2013.
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