Livermore’s discovery of microscopic gold in northern Nevada in the early 1960s sparked a modern-day gold rush and established the region as one of the world’s premier gold districts.
Gold Resources Corp., a U.S. company that mines the precious metal in southern Mexico, said it delayed filing its annual 10-K report with the Securities and Exchange Commission because it needs more time to finalize financial information from its Mexican operations.
OTC Markets Group Inc., operator of Open, Transparent and Connected financial marketplaces, today announced that Marlin Gold Mining Ltd., an acquirer, explorer and developer of mineral properties, has chosen to trade on OTCQX®, the best OTC marketplace with qualified companies.
Exeter Resource Corporation is pleased to announce that it has entered into two option and joint venture agreements with Canadian company, San Marco Resources Inc., for the exploration of the Angeles and La Buena gold-silver properties located in Mexico.
Avino Silver and Gold Mines Ltd. reports that upgrading and expansion of its San Gonzalo mine on the Avino property near Durango, Mexico continues to progress rapidly. At San Gonzalo, activities in February were centered on underground development and mining as well as delivering new underground mining equipment. At the main Avino Mine, efforts have been focused on water treatment and de-watering to allow access to lower levels for exploration and development.
San Marco Resources Inc. has granted two options to Exeter Resource Corporation to acquire interests in each of the Company’s La Buena and Angeles properties in Mexico. Should Exeter earn fully into each option, total exploration funding by Exeter would be $15M for La Buena and $20M for Angeles, including $2.4M of committed expenditures and $250,000 cash payments primarily during 2013. All expenditures and cash payments can be accelerated at any time at Exeter’s election. Details of the business arrangements are as follows:
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