Month: December 2015

Derrame en mina propiedad de Bailleres en Zacatecas

La Procuraduría Federal de Protección al Ambiente (Profepa) reveló que la mañana del 6 de diciembre pasado se produjo un derrame de 450 toneladas de jales en la mina El Saucito, operada por la compañía Fresnillo PLC, propiedad del magnate Alberto Bailleres González, e inaugurada el 12 de julio del año 2011, por el empresario y el entonces presidente Felipe Calderón Hinojosa.

Silver Spruce Announces Extension to Purchase Agreement For Pino de Plata Property

Silver Spruce Resources Inc. wishes to announce that it has reached an agreement with the owners of the Pino de Plata property in Mexico to extend the first payment of $125,000.00 US that was due on December 1, 2015 to March 1, 2016 and from there continue in accordance with the contract. This extension will allow Silver Spruce the opportunity to further its efforts in raising the required money to begin the work programs at the Pino de Plata project.

Minaurum Closes Final Tranche of Financing

Minaurum Gold Inc. is pleased to announce it has closed the second and final tranche of a non-brokered private placement raising $147,000. With this final tranche, Minaurum has raised a total of $2,654,625. There was no finder’s fee paid in connection with this tranche.

Goldcorp CEO to Retire; Board Names Successor

GOLDCORP INC. today announced that President and Chief Executive Officer Chuck Jeannes will retire following the Company’s Annual General Meeting in April 2016. David A. Garofalo, currently President and Chief Executive Officer of HudBay Minerals Inc., will succeed Mr. Jeannes as President and Chief Executive Officer and will join Goldcorp’s Board of Directors.

Mexus Gold US Assay Results and Determination From Argonaut

Mexus Gold US announced today that Argonaut Gold notified the company that it will not exercise their option at the Julio/Santa Elena property. Argonaut explained that the uncertainty with the price of gold is challenging exploration budgets. This, along with the obligations of $5,000,000 in drilling and mapping, $950,000 payable to Mexus to continue the JV, and a 20% fully carried contract were all factors in their decision . To date it is estimated that Argonaut has spent upwards of $500,000 in drilling, mapping and other associated costs. They also added that in better economic times the company would have exercised the JV option.

Candente Gold announces the Resignation of Dr. Peter Megaw as Independent Director

Candente Gold Corp. announces the resignation of Dr. Peter Megaw from his position as Independent Director as of November 26th, 2015 for personal reasons. Dr. Megaw has been a dedicated member of the Board of Directors of Candente Gold Corp since the Company was started in 2009 and prior to that a dedicated member of the Board of Directors of Candente Resource Corp since 2005 and we thank him for his valuable service. Dr. Megaw will remain associated with the Company in the capacity of Consultant which given his extensive knowledge of gold exploration in Mexico we consider to be extremely valuable.

Drill Program Commences at Biricu Project in Guerrero Gold Belt

Guerrero plans to drill approximately 4,500 meters of core at the Hornfels Hill, Punto Rojo, and La Curva prospects, following up on targets drilled in 2014 in addition to testing several other targets that were identified by geophysics but not drilled in 2014. The current program will test the upper Morelos Formation and is employing 3 man-portable rigs and 1 track rig.

Facility Assignment from RMB to Credipresto

Goldgroup Mining Inc. announces that on November 30, 2015, RMB Australia Holdings Limited has assigned their 80% portion of the Company’s outstanding $10,000,000 secured medium term loan facility to Credipresto SAPI de CV SOFOM ENR, giving Credipresto 100% ownership of the outstanding Facility. Javier Reyes, a director of Goldgroup, is a principle of Credipresto…

All News