HIGHLIGHTS:
Significant intercepts, including: 9m @ 1,235g/t Ag (from 3.0m depth) within 39m @ 347g/t Ag from surface
Mineralisation is contained in a thick horizontal layer, capping flat-topped hills, over at least 500m of strike length and up to 300m in width
Mineralisation starts at surface and continues consistently and uninterrupted for thicknesses of up to 70m
Oroco Resource Corp. announces that it has not received any payout from Goldgroup Mining Inc. of the US$750,000 promissory note due and payable on September 15, 2015. The Company and Goldgroup are currently negotiating the payment of Goldgroup’s outstanding indebtedness to the Company. The Company remains confident of obtaining payment in full and of Goldgroup’s intentions to honour its indebtedness.
Oceanus Resources Corporation and El Tigre Silver Corp. are pleased to announce that they have entered into an arrangement agreement to combine their respective companies by way of a statutory plan of arrangement pursuant to the Business Corporations Act (British Columbia), under which Oceanus will acquire all of the outstanding common shares of El Tigre in exchange for common shares of Oceanus that values El Tigre at approximately $6,000,000.
AuRico Metals Inc. is pleased to announce the closing of the previously announced private placement with Alamos Gold Inc. for 8,000,000 shares at a per share price of C$0.70 for total proceeds of C$5,600,000. Together with the 5,767,855 shares Alamos already owned in AuRico Metals, Alamos now holds 10.9% of the issued and outstanding shares of the Company.
San Marco Resources Inc. is pleased to announce the adoption of an incentive program to encourage the early exercise of its outstanding share purchase warrants.
Orex Minerals Inc. is pleased to announce that it has entered into an option agreement dated September 15, 2015 with Canasil Resources Inc. in respect of Canasil’s Sandra Escobar Silver-Gold Project in Durango, Mexico. Pursuant to the terms of the Option Agreement, Orex has a right to earn up to a 65% ownership interest in the Project.
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