Kootenay Silver Inc. is pleased to announce that, further to its press release dated July 18, 2014, it has today closed the final tranche under the non-brokered private placement totaling $541,000 and issued an aggregate of 1,803,333 Units at a purchase price of $0.30 per Unit. Total gross aggregate proceeds from the Private Placement totaled $2,174,050.
Riverside Resources Inc. is pleased to announce that Dr. Greg Myers has joined Riverside’s management team as the Company’s Vice President of Exploration. Dr. Myers is a Professional Geologist with over 35 years of experience in the mining industry. Prior to joining Riverside, Dr. Myers was most recently working in Mexico and Nicaragua as the President and CEO of Caza Gold. His earlier roles included VP, Business Development at Pacific Northwest Capital, President of Mystery Creek Resources and Project Manager/Consulting Geologist for Fire River Gold Corp. Dr. Myers was also the Manager of Mine Exploration for BHP Minerals at the Tintaya copper-gold mine in Peru. During his three year tenure the mine reserves there increased from 48 million tonnes to more than 170 million tonnes. Dr. Myers holds a Ph.D. in geology from Washington State University and a M.Sc. from the University of Alaska.
GREAT PANTHER SILVER LIMITED today announced the appointment of Ali Soltani as the Company’s new Chief Operating Officer. Mr. Soltani has more than 30 years of mining experience in precious metals and copper with Newmont Mining and Phelps Dodge. In his most recent roles at Newmont he served as Vice President of Technical Services, and as Group Executive with overall responsibility for the company’s South American operations. In his new role, Mr. Soltani has responsibility for overseeing Great Panther’s operations, and will be based in the Company’s head office in Vancouver.
Mercator Minerals Ltd. announces, further to the August 1, 2014 press release, that its indirect wholly-owned subsidiary, Mineral Park Inc. has not reached agreement with the syndicate of lenders under the MPI credit facility to extend their forbearance in exercising any rights and remedies (as a result of continuing defaults) under the Credit Facility beyond August 15, 2014.
MAG Silver Corp., announces that it has issued 706,000 common shares at C$10.25 per share upon the remaining exercise of the over-allotment option related to the previously closed C$79 million bought deal financing. With this further exercise of the over-allotment option, which is now fully exercised, the additional gross proceeds of C$7,236,500 brings the total gross proceeds raised from the full offering to C$86,284,500. The Company’s cash position is now approximately US$90 million with no debt.
MAG Silver Corp. announces the Company’s unaudited financial results for the three and six months ended June 30, 2014. For complete details of the second quarter unaudited Condensed Interim Consolidated Financial Statements and related Management’s Discussion and Analysis, please see the Company’s filings on SEDAR (www.sedar.com) or on EDGAR (www.sec.gov). All amounts herein are reported in United States dollars unless otherwise specified.
Almaden Minerals Ltd. is pleased to announce the results from Almaden’s ongoing 2014 drill program at the Company’s 100% owned Tuligtic project, Mexico. Recently the company released a positive PEA on the Ixtaca deposit. The mineral resources incorporated into the PEA mine plan were comprised of 29% Measured, 55% Indicated and 16% Inferred. The results reported today are from drilling carried out subsequent to the 2014 resource update and PEA and designed to test for additional mineralisation near the known deposit. Hole TU-14-438 hit an interval of high grade volcanic hosted gold mineralisation, including 15.00 meters of 4.43 g/t gold and 9.5 g/t silver, immediately adjacent to the known deposit and just outside of the PEA base case pit. Also reported today are significant results from hole TU-14-436 which intersected 27.00 meters of 0.45 g/t gold and 1.7 g/t silver, also outside of the PEA base case pit and southeast of the known deposit.
Argonaut Gold Inc. is pleased to announce its financial and operating results for the second quarter ended June 30, 2014. All dollar amounts are expressed in United States dollars unless otherwise specified.
BIG NORTH GRAPHITE CORP. announces that the Company has released a report prepared by Tetra Tech WEI Inc titled “Grafito De Mexico Property Plant Assessment Report” and dated August 13, 2014, regarding the Company’s recently acquired El Tejon project located in Oaxaca, Mexico. Big North commissioned the Report as part of its due diligence process and a site visit was completed January 17-20, 2014, by Andre de Ruujiter, P. Eng, of Tetra Tech.
Avino Silver & Gold Mines Ltd. is pleased to announce the following expansion update from its Avino mine and operational update from its San Gonzalo Mine, both of which are located on Avino property, 80km northeast of Durango, Mexico.
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