Month: March 2017

Mark Gordon, Odyssey CEO, “Our onshore team has been hard at work developing plans to begin generating revenue from the Don Diego phosphate deposit as soon as possible after the environmental approval is obtained. Although we have been disappointed by the results of the administrative process for environmental approval at SEMARNAT, it was a necessary step in our multi-pronged strategy to achieve ultimate approval of the project. We have augmented the approval process with a legal mechanism that has strict deadlines and is normally completed within 8 months,” Gordon continued. “We remain confident in the extensive scientific documentation that demonstrates the offshore extraction of phosphate can be accomplished without harming the local environment, fishing and tourist activities, and we continue to believe in the ultimate approval of the project.

Commenting on the Company’s performance, Chief Executive Officer, Greg McCunn, said, “2016 was a solid year for the San Francisco mine, which generated sufficient cash flow to fund our work program at Ana Paula and solidify the balance sheet. We are investigating operational improvements to San Francisco which we expect to publish in a new life-of-mine plan in Q2. Mine performance in early 2017 continues to track above the existing life-of-mine plan and we are confident that guidance of 20,000 ounces produced for Q1 2017 and 70,000 to 75,000 ounces for the year will be achieved.”

Galore Resources Inc. is very pleased to announce the appointment of Kenneth Coe of Vancouver, B.C. to its board of directors.

Canuc Resources Corporation is pleased to announce the addition of new members to the Company’s Board and Management team.

“This is an excellent start for Pioneer Aerial Surveys”, stated Jason Springett, president of Alta Vista Ventures, “we are very enthusiastic for how the rest of the year is shaping up.”

Source Exploration Corp. is pleased to announce that it has granted a total of 1,450,000 incentive stock options to certain officers, directors and consultants of the Corporation pursuant to the Company’s Stock Option Plan. The options are exercisable at a price of $0.30 for a period of ten years. The options vest as to one-third after twelve, eighteen and twenty-four months respectively from the effective date of the grant. The grant of options is subject to acceptance for filing by the Exchange.

GOLDCORP INC. is pleased to declare its quarterly dividend for the three month period ended March 31, 2017 of $0.02 per share. Shareholders of record as of the close of business on Thursday, March 16, 2017 will be entitled to receive payment on Friday, March 24, 2017.