Orex’s President, Gary Cope says, “This excellent high-grade and thick drilling result is the first hole in the southeastern region of the Sandra Escobar Project. Silver mineralization starts from surface in this hole. While it is still early in the program, silver has been detected in outcrops over a strike length of 700 metres.”
Azures Managing Director, Mr Tony Rovira said, Our exploration is continuing and studies by our geologists and external consultants indicate that the alteration and mineralisation styles at Mesa de Plata and in nearby areas are typical of other lithocap-hosted, epithermal gold and silver deposits in Mexico and elsewhere in Latin America. This supports the Companys belief that a large mineralising system is present here with potential to host significant precious metal deposits.
Almaden Minerals Ltd. announces that the independent NI 43-101 Preliminary Economic Assessment Update Technical Report, for its gold-silver Ixtaca Deposit, Mexico, has been completed and filed on SEDAR. A summary of findings from the PEA were announced in Almaden’s press release issued December 9th, 2015. The full report, “Preliminary Economic Assessment of the Ixtaca Project”, prepared by Moose Mountain Technical Services can be obtained from www.sedar.com…
BACANORA MINERALS LTD. is pleased to announce the entering into of a consultancy agreement in respect of the liason with and procurement of potential purchasers for the Company’s lithium products. The agreement is with a private company that is controlled by Mark Hohnen, who is a proposed nominee for election to the Board of Bacanora whose approval as a director remains subject to final regulatory approval. The consultancy agreement is for a period of eighteen months, subject to early termination by either party upon one month notice…
Colibri Resource Corporation is pleased to announce the appointments of Mr. Edward Stringer as the Company’s new President, CEO and a Director, Mr. William D. Macdonald , as a Director of the Company, and Mr. Jacques F. Monette , as a Director of the Company effective January 4, 2016 .
Frank Powell, Head Geologist of Goldplay, commented, We have spent several months sampling mineralized materials from our local gold properties at Gaineys processing centre and have successfully completed the due-diligence necessary to advance to the next stages of our working agreement with Gainey.
GoGold COO Anis Nehme stated, Due to low metal prices the Municipality and GoGold agreed to renegotiate the Agreement. The Municipality is pleased with the environmental cleanup and job creation from the Companys operations in Parral.
Bradford Cooke, CEO of Endeavour, stated, “We are gratified to have replaced our P&P reserves and boosted our M&I silver resources given the challenging metal price environment last year. Our exploration efforts were successful in identifying new mineralization at each mine and the Terronera mine project should be a significant driver of new reserves and resources in 2016.”
“We had a very solid year operationally and financially in 2015, despite the challenging market conditions,” stated Randall Oliphant, Executive Chairman. “Our operations delivered record gold production that exceeded guidance and our low costs continue to enable us to generate a robust margin even at lower gold prices. At the same time, we successfully advanced our portfolio of growth projects. We completed the New Afton mill expansion project ahead of schedule and under budget and made significant progress in the construction of Rainy River. Importantly, we also strengthened our financial position by$330 million with the completion of the Rainy River stream sale and El Morro transaction.”
Timmins Gold Corp. is pleased to announce that it has signed an indicative term sheet with Sprott Resource Lending Partnership and Goldcorp Inc., which outlines the material terms of an amended and restated credit facility that is expected to replace the existing credit facility.
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