Aura Minerals Inc. announces that the Company’s Chief Financial Officer, Rory Taylor has notified the Company that he will be leaving to pursue personal and other business interests.
The proceeds from the private placement will be used for exploration at Oceanus El Tigre Property in Sonora, Mexico and for general working capital purposes. The private placement remains subject to final acceptance by the TSX Venture Exchange.
Riverside’s President and CEO, John-Mark Staude, stated: “We are pleased to get going in the field again at Glor and look forward to exploration results this fall. Our Glor Project is less than 10km from the operating El Chanate Mine, with results to-date indicating potential at Glor for both high-grade and bulk-tonnage type gold discoveries. This next phase of work should help us focus in on the higher priority drill targets.”
GoGold Resources Inc. is pleased to provide a progress update on its wholly-owned Santa Gertrudis Gold deposits located in Sonora, Mexico. Following the completion of the Preliminary Economic Assessment by P&E Mining Consultants Inc. in August 2014, GoGold has continued to assess various processing methods. The PEA was based on conventional cyanide heap leaching for the recovery of the precious metals; in part, because the property has a long production history using cyanide heap leaching. Further preliminary metallurgical testing was completed at the Kappes Cassidy & Associates laboratories in Reno Nevada which indicated that cyanide vat leaching could be a viable alternative to conventional heap leaching; with achieved vat gold recoveries in the low 80% range (at a -8mm crush size over 50 hours of leach) on the first deposits tested along the main mineralized trend including Trinidad, Dora, Corral and Ruben.
“We are very pleased to see our exploration efforts at La Yaqui translate into a substantial increase in mineral resources. In a little over one year of drilling, we have added nearly 450,000 ounces of gold, transforming La Yaqui from a satellite project to one of the most important deposits in the Mulatos District. Phase I development of La Yaqui remains on track and with continued exploration success, we look forward to further growth of the deposit,” said John A. McCluskey, President and Chief Executive Officer.
Orex’s President, Gary Cope says, “The third phase of drilling continues to yield thick intercepts of disseminated silver mineralization showing strong continuity in the Main Zone of the Boleras Deposit. The adjacent Burro Zone is also of interest, as are other silver targets in the immediate area of drilling.”
Radius Gold Inc.is pleased to announce that it has applied for mineral concessions totalling 37,000ha covering four lithium brine targets in northern Mexico. Further Radius is pleased to announce it has signed an option agreement with Advantage Lithium Corp. to fund exploration of the properties.
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