Gold Resource Corporation declares its monthly instituted dividend of $0.01 per common share for January 2015 payable on February 23, 2015 to shareholders of record as of February 11, 2015. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA.
Guerrero Ventures Inc. is pleased to provide results of the recently completed maiden diamond drill program at its Biricu Project in the Guerrero Gold Belt, Guerrero State, Mexico. Highlights of the drilling program include a drill intersection of 26.98 metres (m) grading 1.07 g/t gold and 0.29 g/t silver at the Punto Rojo target. The interval includes a zone of 6.85m grading 2.78 g/t gold and 0.92 g/t silver. Drilling at Punto Rojo has to date outlined an area with a minimum strike length of 700m and minimum depth extent of 600m of strongly hornfelsed and selectively skarn altered Mezcala sediments, intrusive units as well as a breccia unit. All units exhibit strong similarities in composition and alteration to productive units encountered in other exploration and mining operations in the prolific Guerrero Gold Belt.
GoGold Resources Ltd. is pleased to provide an update on the commissioning of its Parral Tailings Project in Mexico. Quarterly production has doubled from 115,667 silver equivalent ounces in the quarter ending September 30, 2014 to 230,240 silver equivalent ounces in the quarter ending December 31, 2014. Cash cost per ounce of silver averaged $5.97 (net of gold credits) and $6.62 per silver equivalent ounce during the quarter ending December 31, 2014. Tonnes stacked on the heap leach pad increased from 82,264 tonnes in November to 148,347 tonnes in December which is near the designed stacking rate of 150,000 tonnes per month.
Timmins Gold Corp. is pleased to report preliminary production results for the Companys fourth quarter ended December 31, 2014. The Company achieved record production of 121,573 gold equivalent ounces for the year and 25,304 gold equivalent ounces* for the fourth quarter.
El Tigre Silver Corp. is pleased to announce that it has completed the shares for debt transaction announced on January 9, 2015 after receiving the approval of the TSX Venture Exchange to settle indebtedness to the Company’s former Chief Financial Officer. Pursuant to the Transaction, the Company issued 168,000 common shares of the Company at a deemed price of $0.25 per Share in settlement of debt in the amount of $42,000. The Shares issued by the Company pursuant to the Transaction are subject to a four month hold period expiring on May 23, 2015.
Mexus Gold US gave an update on its flagship property and its plans for 2015. For the past several months, Mexus has been in discussions with multiple companies on the potential to joint venture the project. Unfortunately, the offers that were received fell short of what the company and shareholders would expect. These offers, if accepted, would have tied the property up for years while the partner company did exploratory drilling with an unknown timeline on production. In addition, the initial investment being asked by Mexus was not being met. Mexus will continue to be open to any joint venture possibilities that arise.
Northair Silver Corp. is pleased to announce that a third phase of metallurgical test work is scheduled to start in February on its La Cigarra silver project, located in Chihuahua State Mexico.
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