Santacruz Silver Mining Ltd. is pleased to announce that its subsidiary, Impulsora Minera Santacruz S.A. de C.V., has successfully renegotiated terms of its agreement to acquire a 100% interest in the San Felipe project and adjacent El Gachi property located near Hermosillo, Sonora, Mexico with Minera Hochschild Mexico S.A. de C.V.
Almaden Minerals Ltd. is pleased to report positive results from an updated National Instrument 43-101 compliant Preliminary Economic Assessment on its 100% owned Ixtaca Gold-Silver deposit, Mexico. The maiden PEA (reported in a Company news release on April 14th, 2014) and the PEA update have been prepared by Moose Mountain Technical Services and Knight Piésold Ltd. The conclusions and recommendations of the maiden PEA were that the Ixtaca deposit may be economically viable and the Company should proceed to a Pre-Feasibility study. Since that time work has commenced towards a PFS. The PEA Update (30,000 tonnes per day base case scenario) significantly reduces initial capital. Initial capital is further reduced with an alternative “ramp-up” case that starts with a smaller 7,000 tonnes per day mill and ramps up to 30,000 tonnes per day by Year 6. The PEA Update uses:
Mercator Minerals Ltd announces the resignation of Roman Friedrich III from the board of directors of the Company effective immediately.
Levon Resources Ltd. announces an updated resource estimate for the Company’s 100% owned Cordero project located 35 kilometers northeast of Hildalgo Del Parral, Chihuahua, Mexico. The updated resource estimate reported in this news release is effective September 03, 2014, and takes into account all of the results of the Company’s Phase 4 core drilling program completed to date.
El Tigre Silver has signed a financial advisory consulting services agreement with Wealthcorp, which will aid the company in its efforts to raise capital to realize its long term goals and enhance shareholder value.
The Company announces the resignation from its Board of Directors of Mr. Marc Legault. The Company thanks Mr. Legault for his service and work with the company and wishes him the best in his future endeavors.
Flinders Resources Limited and Big North Graphite Corp. jointly announce that they have entered into a binding letter agreement August 29, 2014, under which Flinders will acquire all of the issued and outstanding common shares of Big North by way of a plan of arrangement under the Business Corporations Act(British Columbia). Upon completion of the Arrangement, Big North will become a wholly-owned subsidiary of Flinders.
YAMANA GOLD INC. today announced Christiane Bergevin and Jane Sadowsky have joined its Board of Directors. The appointment of Ms. Bergevin and Ms. Sadowsky reflects the Board’s focus on broadening diversification, and gender diversification in particular, and maintaining the highest standards of governance and stewardship.
Osisko Gold Royalties Ltd is pleased to announce that by share purchase agreement with QMX Gold Corporation dated August 28, 2014, it has agreed to acquire 1,488,990 common shares of Falco Resources Ltd. for an aggregate purchase price of $670,045.50, representing approximately 2.04% of the issued and outstanding common shares of Falco.
Aurcana Corporation is pleased to report its unaudited financial results for the second quarter ended June 30, 2014. The summary of the selected financial information should be read in conjunction with the Condensed Interim Consolidated Financial Statements (Unaudited) and the related Management Discussion and Analysis for the quarter ended June 30, 2014, together referred to as the “Financial Statements”, which have been filed on SEDAR (www.sedar.com) and the Company’s website (http://www.aurcana.com). All figures are in US dollars unless otherwise noted.
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