This has been a busy period with the Company continuing to make significant progress on its flagship Promontorio Project. During the Quarter, an Induced Polarization (IP) survey and a follow-up diamond drilling program focused on further investigating the exciting Cascada deposit and testing a porphyry copper target.
Pan American Silver Corp. – After another year of successful exploration, the La Colorada mine in Zacatecas, Mexico increased its proven and probable silver mineral reserves to 81.4 million ounces, an increase of 26% compared to the year before. Net of 2013 silver production, the mine added an estimated 16.7 million ounces of new silver reserves during the year. The updated mineral reserve and resource estimate for La Colorada as of December 31, 2013 is as follows:
Vista Gold Corp. today announced that it has agreed to extend the due date for the second (and final) US$6.0 million payment for the Los Cardones gold project in Baja California Sur, Mexico by six months to July 31, 2014.
Starcore International Mines Ltd. announces production results for the calendar year ending December 31, 2013, at its San Martin Mine in Queretaro, Mexico.
GOLDCORP INC. today responded to assertions and claims made by Osisko Mining Corporation in its Directors’ Circular and legal proceedings, both filed on January 29th, concerning Goldcorp’s offer to acquire the outstanding shares of Osisko.
Monarchy Resources is pleased to announce a non-brokered private placement up to 6,000,000 shares of common stock of the Company at a price of $0.10 per share for gross proceeds of $600,000. The shares will be restricted shares and therefore subject to certain holding requirements pursuant to Rule 144 of the Securities Act of 1933. The Company will announce the total proceeds raised upon completion of the private placement.
Goldcorp Inc. bid to buy out Osisko Mining Corporation for $2.3 billion, announced with much fanfare on 13th January, seems to be unravelling fast, considering the latest developments surrounding the bid.
Candente Gold Corp. with great sadness we regretfully announce the passing of director Michael Casselman.
Osisko Mining Corporation today announced that it has commenced a legal proceeding against Goldcorp Inc. in the Québec Superior Court.
VVC Exploration Corporation is pleased to announce that as a part of a potential debt financing effort discussed in a December 30, 2013 press release, it has received and signed a Termsheet between Aeris Trading Corp. (a Joint Venture Company between Alexander Capital Equity Group and Alpha Trading LLC.), and Camex Mining Development Group Inc., a wholly owned subsidiary of VVC Exploration Corporation.
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