Paul Benson, President and CEO said, “In the second quarter of 2016 we completed the acquisition of Claude Resources, adding a third cash-flow generating mine to our portfolio. The combined production for our operations totaled nearly 100,000 gold equivalent ounces, including full quarter production at the Seabee Gold Operation and we are well-positioned to deliver a strong second half of the year.”
Torex Gold Resources Inc. is pleased to announce the appointment of two new members to its Board of Directors: Mr. William M. (Bill) Shaver and Ms. Elizabeth A. Wademan.
BACANORA MINERALS LTD., the AIM and TSX Venture Exchange listed lithium and borates company focussed on Mexico, announces that the Company will be postponing its upcoming annual and special meeting of its shareholders on August 15, 2016 until September 28, 2016. The Company decided on the Postponement in connection with the recent passing of Hon. Colin Orr-Ewing, a Non-Executive Director on August 3, 2016.
GoGold Resources Inc. is pleased to announce the release of financial results for the three and nine months ending June 30, 2016. The Company recorded revenue of $6.0 million from the sale of 348,747 silver equivalent ounces at a cash cost of $6.91 per silver equivalent ounce in the quarter.
DynaResource, Inc. is pleased to announce that Mineras de DynaResource S.A. de C.V., the 100% owned subsidiary of DynaUSA and the exclusive operator of the San Jose de Gràcia Property in northern Sinaloa, México, is reporting the delivery for sale, on August 10, 2016, of an approximate 525 Oz gold contained in concentrates (exact weights in gold and silver oz. to be determined at final settlement).
Horizon Minerals Corp., is pleased to announce it has engaged Gold Exploration Management Inc., a private corporation controlled by David A. Bending, M.Sc., P. Geo., providing mineral exploration project management services. Gold Exploration has been actively involved in the evaluation of Gold and Lithium exploration concessions in Nevada, California and Mexico, and will be instrumental in helping the Company to acquire potential projects. Clayton Valley, Nevada hosts the only commercial producing lithium operation in North America Silver Peak, owned and operated by Albemarle, the world’s largest lithium producers.
J.D. Poliquin, chairman of Almaden stated, “Today’s results once again show the presence of the high grade veins on the Tuligtic project. While we are now focussed on developing the Ixtaca deposit into a significant precious metals producer in Mexico, and are currently busy with engineering work and studies towards producing a PFS, we are also conducting exploration drilling to test for additional resource potential.”
I am pleased to welcome Gord to our team as we prepare Canarc for a new phaseofgrowth. His extensive experience and past success should complement our existing skill sets well. Canarc is now focused on acquiring gold-silver resource projects with expansion potential and gold-silver mining projects with production potential in the Americas. The Company is well funded with over $12 million cash and marketable securities as we embark on an ambitious new growth plan.
“Our exploration program at Mulatos continues to deliver excellent results, most notably at La Yaqui where step out drilling has significantly expanded the zones of mineralization. Reflecting the increased exploration budget announced earlier this year, we had a record 13 rigs drilling at Mulatos during the quarter. Development of La Yaqui remains on track and with ongoing exploration success, we believe there is potential for a substantial increase in reserves and resources,” Mr. McCluskey added.
Silver Bull Resources, Inc. announces that the warrant expiry acceleration clause contained in the common share purchase warrants issued by the Company on May 19, 2016, June 3, 2016 and June 29, 2016 has been triggered following a period of five consecutive trading days in which the closing price of the common shares of the Company on the OTCQB Venture Marketplace was US$0.18 or higher. In total, 11,362,310 Warrants have been accelerated.
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