Starcore International Mines Ltd. has arranged a loan facility for Cortez Gold Corp. to enable Cortez to purchase the equipment required for Cortez to commence operations at its Altiplano gold and silver processing plant in Matehuala, Mexico.
The new sulphide mineralization lies within a 1.4 kilometer long east-west trending chargeability anomaly identified in a “Gradient Array IP survey” completed by Zonge Engineering and Research Organization, Inc. in 2010. The chargeability highs are interpreted as representing “pods” of sulphide mineralization at depth and in places correspond to areas that have historically been mined for copper, lead, and zinc massive sulphide mineralization up to 10 meters thick…
Para estrechar la relación comercial entre sus usuarios finales y distribuidores, Ternium convocó a la segunda Mega Feria en Monterrey. Este mega evento, realizado en las instalaciones del parque de diversiones Bosque Mágico, reunió a más de 10 mil transformadores del acero y sus familias.
Major Drilling Group International Inc. is today announcing the retirement of Francis McGuire as President and CEO of the Company, and the appointment of Denis Larocque, Chief Financial Officer, to that position. Mr. McGuire will remain in his current role until the transition immediately subsequent to the Company’s AGM in September, 2015, at which point Mr. Larocque will assume the duties of the office. The Board is also very pleased to announce that Mr. McGuire has agreed to remain on the Board of Directors, and to stand for re-election at the upcoming AGM.
The Company closed the first tranche of a non-brokered private placement of units of the Company previously announced on November 10, 2014 and December 2, 2014, at a price of $0.05 per Unit by issuing an aggregate of 5,000,000 Units for gross proceeds of $250,000. Each Unit is comprised of one common share of the Company and one common share purchase warrant, each Warrant entitling the holder thereof to purchase one additional common share of the Company at a price of $0.10 for a term of 24 months after the closing of the Private Placement…
IDM Mining Ltd. is pleased to announce that Delbrook Capital Advisors Inc. and Lake Shore Gold Corp. have committed to invest a combined total of $1.4 million in Common Share Units and Flow-Through Units under the Private Placement previously announced by the Company on May 19, 2015. As a result of these major investments, IDM will increase the size of the Private Placement to raise aggregate gross proceeds of up to $2.5 million.
Kootenay Silvers high-grade La Negra diatreme Silver Discovery is quickly proving to be a rare, near-surface grassroots discovery. Located within the Vancouver-based mining companys Promontorio Property in Sonora, Mexico, the property represents a major near term opportunity for Kootenay Silver, Inc. The company owns 100% of the discovery, so its undoubtedly a relief for the companys leadership and investors that it shows signs of evolving into potentially one of the richest near surface silver discoveries witnessed in Mexico in recent years…
“Given the complexity of the San Martin mine geological structure, it is not unusual to have fluctuations in ore grades causing the changes in production that we are experiencing. Despite this, the mine management has been excellent at reducing costs below budget and, coupled with the higher US dollar exchange rate, we have been able to continue to produce good cash flow from the mine operations exceeding $1 million for the quarter and $4.5 million over the nine months,” reported Robert Eadie, President of the Company.
Santacruz Silver Mining Ltd. is pleased to announce that its subsidiary, Impulsora Minera Santacruz S.A. de C.V. has successfully renegotiated terms of its agreement with Minera Hochschild Mexico S.A. de C.V. to acquire a 100% interest in the San Felipe project and adjacent El Gachi property located near Hermosillo, Sonora, Mexico.
Almaden Minerals Ltd. is pleased to report on the Company’s 100% owned Ixtaca gold-silver deposit located in Puebla State, Mexico and the progress of its on-going Pre-Feasibility level metallurgical test work program. The first stage of the current metallurgical test work program is focused on creating preliminary gold and silver gravity and flotation concentrates suitable for leaching, using drill hole samples representing the grade ranges and geologic units anticipated in the mine plan.
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