Tag: Exploration and Development

Big North Graphite Corp. announces that the Company sold 125 tons of amorphous graphite to a customer within Mexico in the month of November, with the graphite screened to a 3/4 minus product at the Company’s processing facility located in Sonora, Mexico. Further, the Company has now stockpiled over 500 tons of amorphous graphite in preparation for expanding its sales.

Marlin Gold Mining Ltd. announced today that it intends to make an offer to acquire all of the outstanding common shares of Animas Resources Ltd. Pursuant to the offer, Animas shareholders will be entitled to receive $0.10 in cash for each Animas common share validly tendered to the offer. The offer represents a premium of 150% to Animas’ closing share price as at December 6, 2013 (following the announcement of the GoGold Resources Inc. (“GoGold”) transaction) and a premium of 168% to Animas’ 20-day volume weighted average price as at December 6, 2013.

IMPACT Silver Corp. is pleased to announce drill results from the Aurora II Zone and field sampling results from the nearby Manto Rico Zone in the Capire District of Mexico.

Ryan Gold Corp. announces that it has amended the option agreement with respect to the sale of the Company’s Los Jarros and Jarros Norte Properties in Mexico. Under the current closing terms Minera Frisco SAB de CV has purchased the Properties by making a final US$1.35 million payment to Minera Valdez SA de CV, the Company’s 100% owned subsidiary.

Mexican based Grupo Mexico Mining Company has taken delivery of its first 350 tonne Terex AC350/6 All Terrain crane from the manufacturer’s distributor Magamek.

Bacanora Minerals Ltd. is pleased to announce that it has acquired by staking an additional block of ground surrounding the Company’s La Ventana lithium deposit and the El Sauz and Fleur concessions that are under joint venture with Rare Earth Minerals PLC. The Company has entered into a Memorandum of Understanding with REM that allows REM to participate in exploration and development of Megalit, as well as the Company’s Buenavista and San Gabriel concessions.

Amarium Technologies Inc., through its wholly owned subsidiary Amarium Minerals Inc., reports that the Company is nearing completion of a gold and silver property acquisition. The target property is located in Mexico with significant surrounding infrastructure already in place and has historical production.

Highlights
• In September 2013, a new cone crusher was installed.
• In October and November 2013, 3 – 4 tons of ore were processed per hour or approximately 20 tons per day (based on 6 hours per day).
• Two grades of concentrate have been internally estimated using the mine laboratory (43-101 Non-Compliant) inventoried as follows: (i) 1.6 tons grading between 544 g/t gold and 2,058 g/t gold and (ii) 0.46 tons grading between 146 g/t gold and 1318 g/t gold.
• Mining operations have advanced more than 725 meters in 7 adits.
• Currently focused on the new high grade Natas gold vein, the closest adit to the plant and another wider vein that can produce good grades and tonnages.
• In October 2013, Excalibur entered into a second addendum with Minera Apolo S.A. de C.V. to increase the Company’s ownership in Minera Catanava de C.V. from 49% to 60%.

GoGold Resources Ltd. has signed a definitive agreement with Animas Resources Ltd. to buy the past producing Santa Gertrudis Gold Mine located in Sonora Mexico. GoGold will acquire 100% of the Animas Mexican subsidiaries which hold the titles to the Santa Gertrudis Gold Mine. GoGold has completed its due diligence. The definitive agreement is subject to all necessary regulatory approvals.

Sierra Iron Ore Corporation is very pleased to announce that it has received the final local, state, and federal permits required to initiate production on the El Creston property. These permits include the Environmental Impact Statement from the Environmental Protection Authorities (SERMANAT) and the Change of Land Use permit.