Oceanus Resources Corporation is pleased to announce an agreement with Mackie Research Capital Corporation to provide market making services to Oceanus in compliance with regulatory guidelines. Mackie will provide market stabilization and liquidity services of the Oceanus shares on the TSX Venture Exchange.
Starcore International Mines Ltd. reports the results of its annual general meeting of shareholders held on October 28, 2016.
Endeavour Silver Corp. announces closing of the acquisition of a 100% interest in the Parral properties from Silver Standard Resources Inc. The Parral properties are located in the historic silver mining district of Hidalgo de Parral in southern Chihuahua state, Mexico. The properties cover 3,432 hectares, are accessible by paved highway, and contain large veins traceable for eight km. Details of the acquisition were announced by news release dated September 14, 2016.
Silver Standard Resources Inc. announces today that it has completed the sale of its Parral properties in Chihuahua, Mexico, including the Veta Colorada, La Palmilla, and San Patricio properties, to Endeavour Silver Corp. for consideration including $6 million of Endeavour Silver shares at closing (based on the average of the closing prices of Endeavour Silver shares sold on the NYSE during the ten trading days prior to September 13, 2016). Endeavour Silver is a mid-tier precious metals company with a track record of exploring for, developing and operating mines in Mexico. This transaction was previously announced in Silver Standard’s news release dated September 14, 2016.
“I am very pleased to welcome Patricia to the Primero Board,” said Wade Nesmith, Chairman. “She brings an enormous wealth of experience in international relations and government negotiations, and will be able to provide critical insight and guidance to the Board and Management as we work to achieve our goal of building Primero into a leading mid-tier gold producer.”
San Marco’s CEO, Bob Willis stated; “we’re excited to be back at work at Chunibas, completing the multi-faceted exploration program the project deserves. Initial work has shown that mineralization is much more extensive than records indicated, and that there is potential for bulk tonnage zones in addition to narrow, high-grade targets. The current program will position us to carry out an efficient and cost effective program of trenching and drilling on this 100% owned project.
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