AuRico Gold Inc. is pleased to provide an update on its exploration program at the El Chanate mine located in Sonora, Mexico. The objective of the 2013 program is to further delineate mineralization within the existing open pit and expand the known mineralization along the Chanate trend in order to potentially convert this mineralization into mineral resources.
Santacruz Silver Mining Ltd. reports that the new access to Rosario I and II veins (lower and upper vein respectively) is now contributing to its milling throughput at the Rosario mine.
Bacanora Minerals Ltd. announces the grant of an aggregate of 950,000 options to acquire common shares in the capital of Bacanora at a price of $0.30 to certain directors, management, consultants and employees of the Company and its subsidiaries. Such options (and the common shares exercisable upon exercise) are exercisable immediately for a period of 5 years from the date of grant and will be subject to applicable securities law hold periods.
Aurcana Corporation announces that it has entered into an agreement for a $5,000,000 bridge loan to be advanced to the Company by FirstAccess Financial Group, Inc. Aurcana continues to expect the closing of the previously announced $50 million principal amount loan facility with Red Kite Mine Finance in September, and is in the process of finalizing documentation for the closing of that financing. The Bridge Loan is intended to provide additional liquidity to the Company until the closing of the Loan Facility.
NWM Mining Corporation is pleased to provide an update on the recent Phase 1 in-fill drilling programs at the company’s Lluvia de Oro deposit. The Creston pit has been the source of essentially all the ore mined to date at the Lluvia de Oro site until the recent initiation of mining operations at the Company’s new Gold Ridge deposit in Q2-2013.
NSX Silver Inc. reports that it was recently selected by the British Columbia Securities Commission for a targeted mining disclosure review. The purpose of the review was to assess selected aspects of the Companys mining technical disclosure for compliance with the requirements of National Instrument 43-101 Standards of Disclosure for Mineral Projects. Following the review the BCSC requested that the Company issue the following news release to clarify and retract certain of its technical disclosure.
Brigadier Gold Limited is pleased to announce that it has entered into a Letter of Agreement with Santa Fe Metals Corp. that sets out the terms and conditions with which Brigadier will acquire a 100% undivided right, title and interest in the Cuatro Ciénegas mineral property in Mexico.
Soltoro Ltd. has received further positive gold and silver assay results from ongoing mapping and sampling on its 100% owned Tecolote Project in Jalisco, Mexico. Soltoro obtained title to Tecolote through staking so there are no payments or royalties due on the Project. The 3,052 hectare Tecolote Project is located less than 10 kilometres north of Soltoros El Rayo primary silver project and 10 kilometres northeast of Grupo Mexico S.A.B. de C.V.s El Barqueño property currently optioned to Cayden Resources Inc.
Endeavour Silver Corp. announced today that exploration drilling at the Company’s El Cubo mine in Guanajuato State, Mexico has intersected high grade gold-silver mineralization in two veins near historic mine workings in the Asunción area of the Villalpando vein system.
Braeval Mining Corporation, through its subsidiary Braeval Mexico, S.A. de C.V., has entered into a memorandum of understanding with Minera Fumarola, S.A. de C.V., a subsidiary of Prospero Silver Corporation, in relation to certain mining concessions known as the Plomosa lot which claims a project area in the state of Hidalgo known as El Petate Project.
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