Gold Resource Corporation declares its instituted monthly dividend of $0.06 per common share for March 2013 payable on April 25, 2013 to shareholders of record as of April 11, 2013. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico.
Newstrike Capital Inc. is pleased to report its maiden resource estimate prepared in accordance with National Instrument 43-101 for its flagship Ana Paula Project in the Municipalities of Cuetzala del Progreso and Apaxtla de Castrejón, Guerrero State, Mexico. The Ana Paula mineral resource estimate was developed by Independent Mineral Consultants of Tucson, Arizona, USA for Newstrike under the direction of Mr. H. E. Welhener. The resource is based on 130 diamond core drillholes aggregating 67,943 metres and containing 45,512 assay intervals, of which effectively all are assayed for gold and silver. The mineral resource estimate has an effective date of February 26th, 2013. A full report prepared in accordance with NI-43-101 will be filed on SEDAR within 45 days of this news release. The recommendations from the Report will be used to optimize the pit (see below) and advance the economic viability of the Ana Paula resource.
Marlin Gold Mining Ltd. is pleased to announce the completion of its rights offering on the TSX Venture Exchange, which expired at 4:00 p.m. (Eastern time) on March 25, 2013. The shareholders of Marlin Gold, including Wexford Spectrum Trading Limited and Wexford Catalyst Trading Limited, the Company’s largest shareholders, exercised rights to acquire 201,920,635 common shares of the Company under both the basic subscription privilege and the additional subscription privilege which resulted in the Rights Offering being oversubscribed by 14,405,229 shares. The Company has issued an aggregate of 187,515,406 common shares at a price of $0.08 per Share for gross proceeds of $15,001,232 pursuant to the Rights Offering.
Alamos Gold Inc. announced that its wholly-owned subsidiary, Minas de Oro Nacional, S.A. de C.V., has been certified in full compliance with the International Cyanide Management Code at its Mulatos Mine in Mexico.
Currently on the books, Kootenay Silvers silver equivalent resource on its flagship Promontorio silver project contains a combined Measured and Indicated silver resource of 61,679,000 silver equivalent ounces (37.5M ozs Silver, 372M lbs Lead, 436.9M lbs Zinc). In addition to the measured and indicated silver resources, there are an additional 14,469,000 silver equivalent ounces in the Inferred category (9.6M ozs Silver, 77.6M lbs Lead, 85.3M lbs Zinc).
The Company has recently received results of an exploration program on the El Indio and Pelonachi properties which included mapping and channel sampling during the months of November to January. Also included was improvements to access roads in certain areas of the Pelonachi property. A total of 222 geochemical samples were taken on the El Indio property and 488 samples were taken on the Pelonachi property. The El Indio and Pelonachi claims are part of Alliance’s 4,872 hectare land package located totaling nearly 50 square kilometres primarily in the Uruachic district of northwestern Mexico. The land package puts Alliance in the heart of a prolific gold exploration area and includes the closest privately held claims, within four kilometres, to Fresnillo PLC’s important Orisyvo discovery (www.fresnilloplc.com). Fresnillo is the world’s largest primary silver producer and the second-largest gold producer in Mexico. However, the Orisyvo discovery may change that.
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