Actualmente Minera Fresnillo y Minera Saucito I y II, tienen 25 años de actividad minera; actualmente desarrollan el proyecto Juanicipio de gran expectativa y se espera inicie operaciones el próximo año, tras una inversión de 300 millones de dólares.
VENDOME RESOURCES CORP. announces that it is unable to pay its annual Sustaining Fees to the TSX Venture Exchange. The Company has no available cash at this time and cannot make the payment that was due on April 30, 2016.
Westminster Resources is continuing exploration at its 100% owned El Cobre property in Sonora, Mexico. The current program is concentrated on evaluation of epithermal precious metal potential in the Guayacan northwest region of the 17,854 hectare property. The Guayacan epithermal targets are associated with major linear and circular magnetic geophysical anomalies and structures coincident with intense alteration and silicification of host rock units. Most of the mineralized zones are exposed as wide spread float boulders within areas of anomalous soil geochemistry. Mechanical trenching utilizing bulldozer or backhoe equipment in conjunction with prospecting is considered the best exploration practice to locate and sample the source structures.
Anis Nehme states, The Municipality of Parral, with a population of 120,000 citizens, wished to recognize the Companys valuable support for the social and economic development of Parral. This was the first time in the 400 year history of Parral that they have awarded this honor. We were presented with a plaque that reads: The actual handing over of these keys evokes, in our collective imagination, the act of opening the gates of a city rich in history, which is being transformed to make way for a future that awaits the adventurous. I was honoured to receive the Key of Parral on behalf of our team.
Canarc Resource Corp. announces that it has signed a definitive agreement with Endeavour Silver Corp. pursuant to which Canarc will sell to Endeavour 100% of the shares of Canarcs wholly-owned subsidiary, Oro Silver Resources Ltd., which indirectly holds a 100% interest in the El Compas Gold-Silver Mine Project in Zacatecas, Mexico, in consideration for 2,147,239 free-trading common shares of Endeavour, with an aggregate deemed value of CAD$10.5 million.
Orex’s President, Gary Cope says, “Drilling at Sandra Escobar continues to yield thick intercepts of disseminated silver mineralization. Discussions with consulting firms have started for metallurgical testing and resource estimation studies.”
Jorge A. Ganoza, President and CEO, commented, “We have made a strong start to the year operating well within our production and cost targets and look forward to the commissioning of our key expansion project at the San Jose Mine in July.” Mr. Ganoza continued, “At San Jose’s new production rate of 3,000 tpd, the company will target total annual consolidated production of approximately nine million ounces of silver and fifty-two thousand ounces of gold, with an AISCC below $9.0 per ounce of silver.”
Corex Gold Corp. announces that, further to its news releases of April 14, 2016, the Company has subject to final acceptance from the TSX Venture Exchange has completed the non-brokered private placement offering of 20,000,000 units at a price of $0.05 per Unit for gross proceeds of $1,000,000. Each Unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant will be exercisable by the holder to acquire one additional common share at a price of CAD$0.15 for a period of twenty four months following the closing of the financing.
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