Month: June 2015

“Today we mourn the passing of a great figure in Canadian mining,” commented Brendan Cahill, President and Chief Executive Officer. “He was an entrepreneur who experienced success in many industries worldwide. He was a connector of people and ideas who asked for nothing in return. He was selfless in his work and fundraising for charitable causes. He was an exceptional mentor, for so many as well as myself. Our deepest condolences go to Peter’s family and all of the people he touched over the years.”

Gainey Capital Corp. is pleased to announce that it has signed a Confidentiality Agreement with Ignacio Echavarria Valenzuela of Cosala Mining Corp. Gainey is in the process of receiving mineralized material from a number of Cosala’s concession holdings located in the Sierra Madre mining district in the state of Sinaloa, Mexico. This shipment of material is to be sampled and assayed at Gainey’s, 100%-owned, 300-tpd Processing Centre, which is in close proximity to Cosala’s properties.

Torex Gold Resources Inc. is pleased to announce that it achieved the 2/3rds completion milestone in the construction of its flagship El Limon-Guajes Project at its 100% owned Morelos Gold Property in Mexico. The Company also announced that a draw of $50 million on its debt facility was received at the end of May.

Azure’s Managing Director, Tony Rovira, stated: “While the IP and soil sampling surveys are in progress at La Morita and San Simon, we’ve continued our exploration activities across the wider Alacrán property. Results continue to exceed our expectations, with several new areas returning strong precious and base metal mineralisation which we are following up.

“We are very pleased with this preliminary economic assessment, as it demonstrates the exceptionally high returns of the optimization project proposed for Platosa, with a modest capital investment,” stated Brendan Cahill, President and Chief Executive Officer. “Platosa has been Mexico’s highest grade silver producer for over a decade and we now see the clear opportunity to resume being one of the lowest cost producers in the silver industry…