Month: August 2014

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.

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.

First Majestic Silver Corp. is pleased to announce that its common shares have been authorized for listing on the Mexican Stock Exchange. The Company expects the shares to begin trading on the BMV on Monday, August 25, 2014under the trading symbol “AG”. The Company will retain its primary listings on the Toronto Stock Exchange and the New York Stock Exchange under the trading symbols “FR” and “AG”, respectively.

Morro Bay Resources Ltd. announces that it has released its Q3, 2014 Consolidated Financial Statements and Management Discussion and Analysis. The Third Quarter saw Morro Bay incur approximately $750,000 of expenditures at Peñoles. The incurring of such expenditures was one of the pre-requisites to Morro Bay exercising the option to acquire at least a 51% (and up to a 65% interest) in the Peñoles Project. Results of the exploration program were previously announced on June 9, 2014 and June 23, 2014 and included the discovery of a new zone of near surface mineralization to the south of Jesus Maria.

Tarsis Resources Ltd. is pleased to announce that the Company has arranged a private placement of 5 million units at $0.05 cents to raise $250,000.

Argonaut Gold Inc. released a resource estimate Friday for its San Agustin project, which is located about kilometers from the company’s El Castillo mine in Durango, Mexico.