Quaterra Resources Inc. today announced that it is seeking TSX Venture Exchange approval for a non-brokered private placement of up to US$500,000 of units, each Unit comprised of Non-Transferable Convertible Redeemable US$1,000 Principal Amount Promissory Notes and 11,442 Non-Transferable Share Purchase Warrants.
Marlin Gold Mining Ltd. is pleased to announce an operating and corporate update. The ramp-up at Marlin’s wholly owned La Trinidad mine in Sinaloa, Mexico continues, with commercial production expected to be reached by the end of the third quarter. Through June 16, 2014, 867,986 tonnes of material have been mined from the Taunus and Bocas pits and 476,508 tonnes of material have been crushed and placed on the leach pad. Gold recoveries and grade reconciliation to the block model are behaving as expected. We are producing gold on a monthly basis, with total gold production and gold in solution to date of 1,892 ounces. As of today our cash balance is approximately $10.15 million with an additional $3.4 million in refundable tax receivables.
Tara Minerals Corp. is pleased to announce that it has closed the acquisition of intellectual property for the preservation and protection of fresh fruit, vegetables and flowers during extended periods of shipping and storage. The mining assets and the newly acquired packaging assets will be held under separate subsidiaries.
Vendome Resources Corp., a Toronto, Canada based minerals exploration company with key exploration assets in Guerrero State, Mexico and the Borden Lake Gold District, Ontario, Canada, is pleased to announce the appointment of Victoria Kuklina as its Chief Financial Officer. Victoria will report directly to Vendome Chief Executive Officer, John Priestner, and will be responsible for overseeing Vendome’s financial operations. The appointment has been approved by Vendome’s Board of Directors and is effective immediately.
Resource Estimate expected in July 2014 followed by PEA in August 2014
Cyprium Mining Corporation announced today that it has commenced drilling on its Las Cristinas property located in Chihuahua State, Mexico. The drilling program which will be carried out in three phases totaling approximately 4,000 meters of drilling will focus on the North Mount and South Mount, a 550 meter long mineralized section located at the southern end of the property where copper production took place in the early 70s.
DynaResource, Inc. is pleased to announce that Mineras de DynaResource S.A. de C.V., the 100% owned subsidiary of DynaUSA and the exclusive operator of the San Jose de Gracia Property in northern Sinaloa, Mexico, is reporting the production and delivery for sale of approximately 511 Oz. gold contained in concentrates (exact weights in gold and silver oz. to be determined at final settlement). MinerasDyna is further reporting the final settlement of the prior sale of 239 Oz. gold at $1,311/Oz.
Primero Mining Corp. is pleased to announce that S&P Dow Jones Indices has added Primero to the S&P/TSX Composite Index as a result of the Quarterly S&P/TSX Composite Index Review, effective after the close of trading tomorrow, Friday, June 20, 2014.
American Consolidated Minerals Corp. announces it has closed Tranche 1 of its previously announced non-brokered private placement, raising $167,141.60 through the issuance of 3,342,832 Units at a price of $0.05 per Unit.
Further to its news release of May 14, 2014, Garibaldi Resources Corp. (the “Company” or “Garibaldi”) is pleased to provide this progress report as drilling continues at the Silver Eagle target, Rodadero North in central Sonora State, Mexico. A fourth hole is now under way to test the geometry and dimensions of a promising high-grade, near-surface structure. Pending additional assay results are eagerly anticipated and will be released as they become available.
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