Patriot Minefinders Ltd. is pleased to announce that it has engaged Arseneau and Associates to conduct a review and update of the historical NI 43-101 technical report on KM 66 that was prepared by Wardrop Engineering (now Tetra Tech) for Great Panther Silver Ltd., with the goal of establishing a current NI 43-101 compliant resource estimate in the La Gloria and Las Palmitas areas.
Chesapeake Gold Corp. is pleased to release the positive results of a Pre-Feasibility Study on its 100% owned Metates gold silver project located in Durango State, Mexico. The NI 43-101 compliant PFS incorporates significant scope changes and updated engineering work as well as updated capital and operating cost estimates since the Preliminary Economic Assessment dated April 25, 2011. Both the PEA and the PFS were prepared by M3 Engineering & Technology of Tucson, Arizona and other prominent consultants who have recent project development experience in Mexico. All costs are in US Dollars.
Skeena Resources Limited is pleased to provide the results of metallurgical test work on drill core from the Company’s 100% owned Tropico copper-platinum-palladium-gold Project, located 25 km north of Mazatlan, Sinaloa State, Mexico.
Mundoro Capital Inc. has strengthened its management team with the appointment of Tom Wilson as Chief Financial Officer, effective today. Mr. Wilson has over 35 years of corporate experience in all areas of financial management and administration including corporate governance, government and securities compliance and financial administration.
Orex Minerals Inc. and Astral Mining Corporation announce that further to their joint news releases of October 15, 2012 and January 21, 2013, Astral’s shareholders passed a special resolution authorizing and approving the acquisition of all the issued and outstanding common shares of Astral by Orex by way of a plan of arrangement at Astral’s annual general and special meeting of shareholders held on January 31, 2013. Pursuant to the Arrangement, Orex will issue Astral shareholders 0.0834 of an Orex common share for each issued and outstanding Astral share held by an Astral shareholder. If the Arrangement becomes effective, the holders of outstanding Astral warrants and options will, upon exercise, be entitled to receive that number of Orex shares adjusted in accordance with the Exchange Ratio.
Orex Minerals Inc. announces that its board of directors and management are consulting with its legal and financial advisors to evaluate the merits of proceeding with a reorganization of its business that will separate Orex’s advanced-stage Barsele Gold Project in Sweden from all of Orex’s other mineral properties. It is expected that the Proposed Transaction will be completed through a shareholder-approved plan of arrangement that would result in shareholders receiving the shares of a new company and continuing to hold shares of Orex.
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