San Isidro surface samples generate spectacular values; first two shallow holes yield intercepts up to 2.8 g/T Au and 214 g/T Ag; structure traced for more than 4 km
Aurcana Corporation is pleased to announce that it has executed definitive agreements with MF2 Investment Holding Company Limited, part of Orion Mine Finance Fund I, for a loan facility in the principal amount of US$50,000,000 and an Offtake Agreement for silver and gold produced at the Company’s Shafter mine. A total of approximately US$13 million from the Loan proceeds will be used by the Company to complete the construction and upgrade work for Shafter mine and the balance of the Loan will be used to repay certain indebtedness and for otherwise advancing the La Negra and Shafter mines.
Orex Minerals Inc. announces that it has completed the non-brokered private placement described in its news release of September 10, 2013, issuing a total of 8,228,600 units at a price of 25 cents per unit for total gross proceeds of $2,057,150. 5,547,900 of the units sold were flow-through units.
Kootenay Silver Inc. is pleased to announce the resumption of drilling on its flagship Promontorio Silver Project in Sonora, Mexico. Two drill rigs have been deployed and are currently operating on site. The Company will conduct a minimum of 5,000 meters of drilling in the current phase, as part of its ongoing, multi-phase, 2013 drill and resource expansion program on Promontorio. Core drilling will target a series of high-grade silver intercepts recently identified within a new breccia zone of silver mineralization situated between the Pit and NE Zones.
GoGold Resources Inc. is pleased to announce that it has executed definitive agreements with Orion Mine Finance Fund I in connection with the US$35 million debt and equity financing previously announced on July 12, 2013. The private placement and debt financing are expected to close prior to the end of September 2013.
Mexus Gold US, 50% owner of Mexus Enterprises SA de CV, releases cost projections per ounce gold equivalent mined from the San Felix Mine.
Lincoln Mining Corporation, announces that further to its news release of August 13, 2013, the Company received shareholder approval at the Company’s annual general meeting held on September 16, 2013 to consolidate the Company’s common shares on the basis of one post-consolidation common share for every five pre-consolidation common shares.
Almaden Minerals Ltd. is pleased to announce the results from Almaden’s ongoing 2013 Ixtaca Zone drill program at the Company’s 100% owned Tuligtic project, Mexico. The 2013 drill program to date has been focussed on expanding the resource immediately along strike and adjacent to the drilling used in the Company’s maiden resource estimate announced January 31, 2013. The holes announced today show the extension of the high grade volcanic hosted mineralisation discovered at the eastern limits of drilling and announced November 26th, 2012. This new drilling has traced the higher grade zone approximately another 20 meters to the east. The Company is currently drilling roughly 50 meters further from the holes announced today.
San Marco Resources Inc. is pleased to report that the first hole of the initial drill program at the La Buena project, Mexico, has commenced. This initial drill program is targeting the Julia zone at La Buena, which hosts a large scale, geophysical target, elevated rock geochemistry and prospective geology.
Excalibur Resources Ltd. is pleased to report the results of a mineralogical study on a composite sample from stockpiles of material obtained from old mine dumps produced during 19th century mining activities. Results of this study by Terra Mineralogical Services Inc., using similar methodology outlined in the 17th July, 2013 press release by Excalibur shows that the material is similar to samples processed from other veins, including San Gil and Camino and suggests that excellent gold and silver recoveries may be expected by gravity followed by flotation methods, the process route that is currently being established in the Catanava metallurgical plant.
Mexico Mining Center © 2021 / All Rights Reserved
