HudBay Minerals Inc. and Augusta Resource Corporation announced today that they have entered into an agreement to effect an amalgamation of Augusta and an indirect, wholly-owned subsidiary of Hudbay as a result of which:
BIG NORTH GRAPHITE CORP. announces that the Company has engaged Gestion Ambiental Omega, SC as Permitting Consultants to reactivate all permits required to re-start the El Tejon Flake Graphite Mine and Mill in Oaxaca, Mexico. Gestion Ambiental Omega SC expects to have all permits in place in approximately 6 months.
Riverside Resources Inc. is pleased to announce the initiation of the 2014 drilling program to explore the San Rafael silver-gold system and outlying early stage gold-silver zones, which were recently delineated during regional reconnaissance mineral exploration. Approximately nine drill holes totalling roughly 1,900 metres are planned, with drilling now underway at the San Rafael vein target area. Previous drill programs have focused on the Jesus Maria silver vein system and the Capitan gold zone, so the drilling of new, untested target areas during the current program has the potential to expand on the known mineralization and add significant value to the Peñoles Project.
Riverside Resources Inc. is pleased to announce the initiation of the 2014 drilling program to explore the San Rafael silver-gold system and outlying early stage gold-silver zones, which were recently delineated during regional reconnaissance mineral exploration. Approximately nine drill holes totalling roughly 1,900 metres are planned, with drilling now underway at the San Rafael vein target area. Previous drill programs have focused on the Jesus Maria silver vein system and the Capitan gold zone, so the drilling of new, untested target areas during the current program has the potential to expand on the known mineralization and add significant value to the Peñoles Project.
Mexus Gold US announced today that during the week of August 18th, Julio Baltazar, vice president of Mexus Gold Mining SA de CV, showed the Julio/Santa Elena property to a group of geologists representing a Canadian mining company. The visitors walked the property and were shown the previously published drill results. Mr. Baltazar stated, “I was as equally impressed with this group as they were with our property.” Paul Thompson, CEO of Mexus added, “This mining company has the qualified personnel along with the necessary capital needed to justify discussions on a potential partnership.”
Paramount Gold and Silver Corp. announced today the results of a Preliminary Economic Assessment for its 100%-owned San Miguel gold and silver project located in Chihuahua State, Mexico. The PEA was prepared by Metal Mining Consultants Inc. of Denver, Colorado incorporating a resource model developed by Mine Development Associates of Reno, Nevada.
War Eagle Mining Company Inc. is pleased to announce that it has received the second payment (US$35,000) from the sale of the Tres Marias zinc-lead-germanium project in Chihuahua, Mexico to Contratista y Operaciones Mineras SA de CV, a Mexican mining company, previously announced on January 16, 2014. Total cash consideration for the sale was US$5,000,000 of which the next payment to War Eagle is to be US$300,000 in January 2015.
International Northair Mines Ltd. reports that due to increased interest that it intends to increase the size of the recently announced non-brokered private placement of August 7th, 2014. The financing, which originally planned to raise gross proceeds of $3,000,000, will now consist of up to 40,000,000 Units at a price of $0.10 per Unit, to raise gross proceeds of up to $4,000,000. Each Unit will consist of one Common Share and one Warrant. Each Warrant will entitle the holder to purchase one Common Share of the Company at a price of $0.18 per Common Share for a period of 18 months from the closing of the Private Placement and $0.25 per Common Share thereafter until the expiry of the Warrants three years following closing of the Private Placement.
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