Aurcana Corporation wishes to announce that Dr. Sadek El Alfy, Vice President Operations, has left Aurcana Corporation. The Company would like to wish him every success in his future endeavors.
For many years, Mexico has been considered a very friendly place to explore and mine precious metals and base metals. However, that may soon begin to change if the proposed 7.5% royalty is enacted. Under the terms of the proposal, which was presented to the Mexican legislature earlier this month, a 7.5% royalty would be applied to EBITDA income (earnings before interest, taxes, depreciation, and amortization) for all mining operations. An additional 0.5% royalty would be applied to income from gold, silver, and platinum, which would bring the total tax to 8%. Earlier in the year, a 5% royalty was proposed but now it has been raised to 7.5% minimum. The proposal is currently being studied and analyzed by the mining chamber.
Canadian Mining Company Inc. reports it has received notice of cancellation September 25, 2013 of the Option and Joint Venture Agreements with Ironwood Gold Corp. on the Companys San Bernardo and Arizona Bullard Pass Gold Projects as released on February 5, 2013 and May 30, 2013. Ironwood has been unable to meet its obligations laid out in the Agreements due to the difficult conditions facing junior mining companies in funding exploration.
Prospero Silver Corp. is pleased to announce that it has completed the non-brokered private placement first announced on September 4, 2013 of 5,000,000 Shares at a price of $0.05 per Share, for gross proceeds of CDN $250,000.
Mammoth Resources Corp. is pleased to announce results from bottle roll tests on 23 drill hole samples from the 2008 Masupari Gold drill program (refer to the company’s press release dated July 27, 2013, or the company website for drill locations) and 5 surface samples from the Los Carneritos target area on the company’s Tenoriba project in the Sierra Madre precious metal belt in southwestern Chihuahua State, Mexico.
Torex Gold Resources Inc. is pleased to announce that it has filed a technical report prepared in accordance with National Instrument 43-101 in support of the Company’s September 16, 2013 news release, which included an inferred mineral resource estimate for its Media Luna Project in Mexico.
Gold Resource Corporation declares its monthly instituted dividend of $0.03 per common share for September 2013 payable on October 23, 2013 to shareholders of record as of October 11, 2013. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico.
Garibaldi Resources Corp., active year-round with projects in Mexico and British Columbia, is pleased to provide the following exploration and corporate update.
Argentum Silver Corp. has received assay results from a recent trenching program on its 100% owned Coyote property in Jalisco, Mexico. Surface trenching has extended the main El Tajo vein for an additional 375 meters to the south along strike. Mineralization at the El Tajo vein remains open at depth and along strike to the south. The trenching also exposed 2 new zones on the La Valenciana vein, one over 350 metres in strikelength and a second over 600 metres in strikelength.
Candente Gold Corp. is pleased to report on historic metallurgical test work results from the Mexico Mine tailings which indicate potential for encouraging precious metal recoveries. A summary of the detailed metallurgical test work results can be found in a NI 43-101 F1 amended technical report on the El Oro property in Mexico filed on September 25th, 2013 (www.sedar.com).
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