Marlin Gold Mining Ltd. has completed construction of the mine infrastructure, laboratory, and other support mine buildings at its La Trinidad Mine in Sinaloa, Mexico. In addition, mechanical completion of the crushing plant and conveyor stacking system, ADR, carbon processing and refinery are materially complete. Electrical installation is in process.
Marlin Gold Mining Ltd. announced today that it has filed a formal offer to acquire all of the outstanding shares of Animas Resources Ltd. with Canadian securities regulators and the Securities Exchange Commission and has mailed its offer and related documents to Animas shareholders.
Tarsis Resources Ltd. was notified on December 18th, 2013, that Osisko Mining Corporation, who agreed to option out the Erika Gold Project in Guerrero State, Mexico, will not be continuing with its option to explore at the Erika property and Tarsis will maintain its 100% ownership of the project.
Riverside Resources Inc. is pleased to announce that through its wholly owned subsidiary, Riverside Resources Mexico, S.A. de C.V., the Company has signed an agreement with Paget Southern Resources S. de R.L. de C.V., a wholly owned subsidiary of Pembrook Mining Corp., granting Paget the option to earn up to a 100% interest in the Coatan Gold Project. In order to earn an initial 70% interest, Paget will have to incur $1,800,000 in exploration expenditures over four years and make $27,460 in cash payments to Riverside. Upon exercising the Initial Option, Paget will have the option to acquire the remaining 30% by paying $1,500,000 in cash to Riverside within one year. In the event that Paget acquires a 100% interest in the Project, Riverside would retain a 2% Net Smelter Return royalty, or if either party’s interest falls below 10% it will be converted to a 2% NSR.
Chesapeake Gold Corp. is pleased to announce the election of Ms. Lian Li as a new director at the Company’s Annual General Meeting held Wednesday and the appointment of Mr. Greg D. Smith as a new director by the Board of Directors following the Annual General Meeting.
Freeport-McMoRan Copper & Gold Inc. announced today the appointment of Lydia H. Kennard and Frances Fragos Townsend to its Board of Directors.
Lowell Copper Ltd. and Minaurum Gold Inc. are pleased to announce that they have entered into a binding letter agreement in respect of, among other things, the grant of an option on Minaurum’s Santa Marta VMS project in Oaxaca, Mexico.
Agnico Eagle Mines Limited today announced that it has agreed to subscribe for 19,800,000 units of Pershimco Resources Inc. in a private placement at a price of C$0.47 per Unit for total consideration of C$9,306,000. Each Unit is comprised of one common share of Pershimco and one common share purchase warrant of Pershimco. Each Warrant entitles the holder to acquire at any time one Common Share at a price of C$0.54 for a period of two years from the closing date. The closing of the private placement is subject to the satisfactory completion of due diligence, regulatory approval and other conditions and is scheduled to occur on or about January 10, 2014.
American Consolidated Minerals Corp. reports that at its Annual General Meeting held on December 13, 2013, shareholders elected Messrs. Robert Eadie, Gary Arca, Allan Fabbro, Ken Sumanik, David Gunning, Richard Kern, Herb Duerr and Robert Sibthorpe as directors for the ensuing year.
Greg Myers, CEO and President of Caza Gold Corp. advises that Bradford Cooke has stepped down as Chairman of the Board and has submitted his resignation as a Director of the Company. The Company thanks Bradford for his services and wish him the best with his other commitments.
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