Amarium Announces Initial Copper Production Shipment

Amarium Technologies Inc., through its wholly owned subsidiary Amarium Minerals Inc., reports that the Company’s first shipment of copper production to Anglo Asia Resource Partners is currently in transit. The initial copper shipment of 65,000 pounds to its destination in China begins the fulfillment of the copper stream sales agreement the Company entered into with Anglo Asia on June 5, 2013. Anglo Asia Resource Partners is a private Hong Kong partnership that is focused on procuring precious and base metals for the Asian market’s manufacturing and industrial supply chain.

Geologix Provides Operational Update

Geologix Explorations Inc. is pleased to provide an update regarding both its operational progress and its preparations for arranging the financing required to commence operations at the Company’s Tepal Project in Mexico.

Riverside Provides Option Agreement And Partner Funding Update For Its Peñoles Project, Durango, Mexico

Riverside Resources Inc. is pleased to provide an update on the status of its option agreement with partner Sierra Madre Developments Inc. for the Company’s Peñoles Project. In 2011, Riverside and Sierra Madre entered into an option agreement whereby Sierra Madre could earn an initial 51%. To-date, Riverside has received $2,100,000 in cash and shares from Sierra Madre, which helped cover Riverside’s exploration investment costs. Sierra Madre also incurred more than $3,000,000 in drilling and exploration expenditures. The remaining requirements to earn 51% include a payment of $1,350,000 in cash, $1,500,000 in shares and $750,000 in further exploration expenditures.

Agave Silver Corp. Provides Corporate Update

Agave Silver Corp. is pleased to provide an update following the successful completion of the corporate reorganization. As announced on October 3, 2013, the Company completed its share consolidation and change of name and closed the first tranche of its non-brokered private placement.

SilverCrest impresses with La Joya preliminary economics

Using base case prices of $22 an ounce of silver, $3 per pound of copper, and $1,200 per ounce of gold, the pre-tax net present value of the project was estimated at $133 million at a discount rate of 5%, with an internal rate of return (IRR) of 30.5%. After tax, the figures are projected at $93 million and 22%, respectively.

SilverCrest Announces Positive La Joya Preliminary Economic Assessment Base Case Pre-Tax NPV(5%) of US$133 Million and 30% IRR for “Starter Pit”

SilverCrest Mines Inc. is pleased to announce that it has completed the Preliminary Economic Assessment for its La Joya Silver Copper Gold Project located in Durango, Mexico. Summaries of the current resources used for the PEA, a preliminary Life of Mine Plan, operating costs, capital costs and project economics are presented in tables below. A Technical Report compliant with NI 43-101 is being completed by EBA Engineering Consultants, a Tetra Tech Company with an effective date of September 23, 2013 to be filed within 45 days of this release. All currency values are presented in US$ unless otherwise specified.

Southern Silver Closes Oversubscribed Financing

Southern Silver Exploration Corp. has closed the second tranche of its previously reported non-brokered private placement by issuing 18,200,000 units at a price of $0.02 per unit for gross proceeds of $364,000. Together with the first tranche closing on September 13, 2013, Southern Silver has raised a gross total of $500,603; an oversubscription of the offering. Each unit consists of one common share and one share purchase warrant exercisable to purchase one additional common share for a period of three years at an exercise price of $0.05 per share. Securities issued pursuant to this tranche of the private placement, including common shares, share purchase warrants and finder’s warrants issued as finder’s fees, carry a legend restricting trading of the securities until February 12, 2014.

All News