Citation Resources Inc. and Inlet Resources Ltd. are pleased to announce that, further to their press releases of April 22, 2014 in respect of their planned business combination, the companies have entered into a definitive arrangement agreement dated as of May 27, 2014. The transaction will effectively combine the assets of both companies on a consolidated basis, with Citation becoming a wholly-owned subsidiary of Inlet.
Gold Resource Corporation announces continued Arista deposit high-grade drill intercepts including 2.68 meters of 11.72 grams per tonne gold and 748 grams per tonne silver. Gold Resource Corporation is a gold and silver producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $97 million to shareholders in monthly dividends since declaring production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.
Evrim Resources Corp. is pleased to announce that it has closed the non-brokered private placement announced on May 7, 2014. The company has issued 5,000,000 shares for gross proceeds of $1,600,000. The shares will be subject to a 4 month hold expiring on September 28, 2014. Proceeds from the Private Placement will be used for exploration and working capital purposes. Finder’s fees of $26,016 were paid in conjunction with the Private Placement.
IMPACT Silver Corp. announced today its financial results for the three months ended March 31, 2014. The information in this news release should be read in conjunction with the Company’s unaudited condensed consolidated interim financial statements and Management’s Discussion and Analysis, available on the Company website at www.impactsilver.com and on SEDAR at www.sedar.com. All amounts are stated in Canadian dollars unless otherwise specified.
Bonanza Grade Silver Zone
Indicated Resources: 8.3 million tonnes containing 160 million ounces of silver
(MAG’s 44% share is 71 million ounces) grading 601 g/t silver
Inferred Resources: 2.4 million tonnes containing 48 million ounces of silver
(MAG’s 44% share is 21 million ounces) grading 626 g/t silver
Metallurgical Tests of Material From the San Francisco Deposit Recover Up to 94% of the Gold From 1/4 Inch Crush Size
Fortune Bay Corp. announces that it has initiated a strategic review process to explore alternatives for the enhancement of shareholder value. The review will consider various alternatives for the Company, including the potential sale of the Company’s exploration assets, and any other options identified by executive management with the fundamental objective of realizing the best value for the Company’s shareholders.
Geologix Explorations Inc. is pleased to announce the sale of the Company’s Nuestra Senora del Carmen II Property to Argonaut Gold Inc. Geologix has also executed an assignment to sell Argonaut its Consejo 1 Property. Both properties are located in Mexico. In exchange for these two properties, Argonaut will provide Geologix with total compensation of $600,000 USD.
Marlin Gold Mining Ltd. announces that it has closed its previously announced credit facility with Sprott Resource Lending Partnership for $10,000,000. The Loan will bear interest at a rate of 10% per annum, and will be secured against all of the assets of Marlin and the majority of the assets of its subsidiaries. However, the conditions of the Loan allow for the shares of Sailfish Royalty Corporation (a wholly-owned subsidiary of Marlin) to be distributed by Marlin to its shareholders on a pro-rata basis. The Loan will be payable in full on or before October 31, 2015, subject to certain prepayment rights in favour of Marlin. Medalist Capital Ltd. was paid a finder’s fee of 2% in connection with the Loan.
Check the Mining State Panoramas
The promotion and dissemination as essential elements to understand and disseminate our Mineral resources, that is why today it is pleased to make the document “Mining Panorama” available to society, by state.
GeoInfoMex, is the consultation system of the Mexican Geological Service that allows users to know geoscientific information and make decisions with savings in time and resources, helping to promote mining activity.
The DOF is the organ of the Constitutional Government of the United Mexican States, which has the function of publishing in the national territory, to so that they are properly observed and applied in their respective areas of competence.
Learn about the current situation of the mining industry as well as the activities carried out by Camimex.
Mexico Mining Center © 2021 / All Rights Reserved
