Source Exploration Corp. reports that David Baker, the Executive Chairman of the Company, has arranged a sale of 1,100,000 common shares of the Company at a price of $0.075 per Common Share to a third party through the facilities of the TSX Venture Exchange.
Morro Bay Resources Ltd., a capital pool company, is pleased to announce that further to its news release of January 17, 2014 it has completed its previously announced qualifying transaction whereby it has acquired from Sierra Madre Developments Inc. an option to earn up to a 65% interest in mining concessions in Mexico comprising the Penoles Project owned by Riverside Resources Inc. and a drill rig that has been used on the Penoles Project. A more detailed description of the Transaction is contained in Morro Bay’s Management Information Circular dated December 18, 2013 which has been filed on SEDAR. Morro Bay is also pleased to announce that in connection with the Transaction it completed a brokered private placement of common shares for gross proceeds of $633,000, as described further below.
Timmins Gold Corp, which owns the San Francisco gold mine in Mexico, said on Wednesday it will sell C$25 million ($22.7 million) in equity to a syndicate of banks, the latest in a slew of recent share offerings from Canadian miners.
Amarium Technologies Inc., through its wholly owned subsidiary Amarium Minerals Inc., reports that the Mill Expansion Programs for both the Jovita Mine and San PedroMine are progressing on schedule, and have met all of their aggressive milestones to date. In August, Amarium announced it had initiated an expansion program at the Jovita Mine, to expand production from the current 40 tons per day (tpd) to 500 tpd. Subsequently in December, the Company announced approval for upgrades to the San Pedro Mill that will bring production from 20 tpd to 200 tpd.
Almaden Minerals Ltd. is pleased to announce the results from Almaden’s 2013 Ixtaca Zone drill program at the Company’s 100% owned Tuligtic project, Mexico. The infill program, completed in December 2013, was designed to upgrade resources currently in the inferred category to the higher confidence measured and indicated categories. The holes announced today show the continuity and high grades of the Main Zone defined with previous drilling. Highlights from the holes released today include the following intercepts (a more complete list of intercepts is shown in the table below):
VC Exploration Corporation announces having accepted the resignation of Patrick Fernet as Chairman and Officer of the Company effective immediately. Mr. Fernet served the Company as Director since May 2004, as V.P. of Legal Affairs since January 2005, and as Chairman of the Board since July 2007. Mr. Fernet will continue as a Director of the Company and as a consultant. Jim Culver, President and CEO of the Company thanked Patrick on behalf of the BOD, management and shareholders for his past work for the Company and said “We look forward to continuing to work with Patrick in his new role.” Mr. Fernet said that he had taken more responsibilities with his other business interests but will continue to be actively involved in VVC.
Corex Gold Corp. wishes to announce that it has received notice from Vale Explorationes Mexico, S.A. de C.V. that Vale is terminating its option on the Company’s Santana Property in Sonora Mexico effective as of January 31, 2014. The option was granted further to the Exploration Option Agreement made November 5, 2012.
Endeavour Silver Corp. released today its improved cash and debt positions at year-end and the Company’s consolidated operating guidance for 2014 for its three underground, silver-gold mines in Mexico, the Guanaceví Mine in Durango State and the Bolañitos and El Cubo Mines in Guanajuato State.
Mexus Gold US today announced that it has completed the land acquisition and purchase of the San Felix Mine. The final piece was the purchase agreement finalized with the Ejido land owners which the San Felix concessions lay upon. CEO Paul Thompson has worked tirelessly over the last year consolidating this property and tying up all loose ends. Mr. Thompson explained, “Within a short time of forming the Mexus/Trinidad JV we learned there were property right issues on and around the San Felix mine. Those issues are now settled leaving Mexus Enterprise SA de CV in full control of the property and the rights that go along with that control.”
Further to the Company’s news release of November 7, 2013, the Company advises that it has agreed to amended terms regarding its private placement with Global Resources Investments Ltd (“GRIL”). The Company will be seeking to raise $1,000,000 through the sale of 20,000,000 common shares at $0.05 per share.
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