AuRico Gold Announces 2014 Operational Outlook
February 6, 2014
Company-Wide Production Increasing by up to 25%
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Company-Wide Production Increasing by up to 25%
Excalibur Resources Ltd. provides an update on theprogress at its 49% (60% pending completion of deal with MineraApolo) owned subsidiary Minera Catanava de C.V. The concentratetesting work, including assay results from a commercial lab, hasshown that we can produce a very good grade concentrate of between300 and 500 grams of gold per ton and around 1 to 2 kilograms silverper ton. Two samples of 400 grams of concentrates were sent for fireanalysis and plasma induction of 33 elements which were assayed atERSA Global Labs of Torreon, Coahuila, Mexico. The silver, as well asthe gold recuperation, will increase when flotation cells areinstalled which is planned for later this year. “Given theanticipated amount and logistics of producing concentrates, it ispreferable to pour dore, so a large tilt and pour dore furnace hasbeen ordered,” commented, Dr. Don McLeroy.
GoGold Resources Inc. is pleased to announce that it has received US$15 million from Orion Mine Finance representing the second advance under the credit agreement dated September 27, 2013. Further details about the debt financing arrangement with Orion Mine Finance is contained in GoGold’s news releases dated July 12, September 18 and September 30, 2013, which are available on SEDAR at www.sedar.com.
Marlin Gold Mining Ltd. reports today that the first gold pour at the La Trinidad project will occur later this month. The pregnant, barren and contingency ponds are complete with piping scheduled to be complete by this weekend. Approximately 120,000 tonnes of material have been placed on the pad, and leaching will commence late next week.
Big North Graphite Corp. has received the assay results from the verification sampling completed by R.Tim Henneberry, P.Geo., as part of his due diligence review for the NI43-101 report to support the acquisition of Grafito de Mexico S.A. and its El Tejon flake graphite mine and mill. The sample results ranged from to a low of 2.46% Cg to a high of 5.11% Cg (percent graphite carbon).
Garibaldi Resources Corp. is pleased to announce an online marketing and awareness program through AGORACOM.
Camino Minerals Corporation announces that Peter de Visser, Camino’s current Chief Financial Officer, has resigned and that Alexander Cheong, C.A., has been appointed as the Company’s new Chief Financial Officer.
Minaurum Gold Inc. announces that it has arranged to settle the outstanding debt owed to Minera Mariposa S.A. de C.V. pertaining to un-incurred expenditures on the Jackie and El Porfido properties by issuing an aggregate of 150,000 common shares at a deemed price of $0.533 per common share. The amount of indebtedness to be settled by this arrangement totals US$80,000.
“We are pleased to report that La Negra once again delivered another year of increased silver equivalent production, outperforming 2012 by 14%. I want to thank our team at La Negra for their continued efforts in achieving another successful year of growth in production. La Negra team has also delivered by replacing and expanding the current reserves through a focused program of underground development and diamond drilling,” commented Mr. Lenic Rodriguez, Aurcana’s President & CEO. “We continue to improve operations and look to further increase production in 2014 to between 3.75 to 4.1 million ounces of silver equivalent, a potential increase of more than 40% over 2013. Looking ahead, production planning has already commenced for 2015 at La Negra and the goal is to reach 3,800 tpd production based on continuing technical and financial studies.”
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