Minera Alamos Inc. reported today that it has commenced drilling on the North Deposit of its 100% owned Los Verdes project in Sonora Mexico. The Company purchased the North Deposit (formerly Potreritos) in late 2011 from the General Mines Direction of Mexico in order to extend the mine life of the Los Verdes project.
Coring and testing completed to date, and calculated on a NI 43-101 compliant basis, verified by expert third parties, have determined that the resource estimate includes 588 million tonnes of phosphate ore with an average in situ P2O5 of 18.1%, comprised of 114.9 million ore tonnes of measured phosphorite, 243.6 million tonnes of indicated phosphorite and 229.9 million tonnes of inferred phosphorite. This is an increase of 19% from the last reported resource estimate of 494 million (measured, indicated, inferred) tonnes of phosphate ore.
Almaden Minerals Ltd. is pleased to announce that it has issued its inaugural report concerning its community-related activities at the Ixtaca project in Puebla State, Mexico. http://www.almadenminerals.com/RESPONSIBILITY/Documents/Almaden_CSR.pdf
Hecla Mining Company today announced that it expects to begin production at its San Sebastian project in the State of Durango, Mexico, by the end of 2015.
Shareholders voted in favour of setting the number of directors at six and the following incumbent directors were re-elected: Joanne C. Freeze, Dr. Peter Megaw, Dr. Kenneth G. Thomas, Larry Kornze, Andres Milla and Paul H. Barry. The directors will serve until the next annual general meeting of the Company.
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.
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