Month: June 2017

Torex Announces Amendment To Shareholder Rights Plan

Torex Gold Resources Inc. announces that the Company has amended certain terms of the proposed amended and restated shareholder rights plan agreement to be presented for approval at the annual and special meeting of shareholders of Torex scheduled to be held on June 21, 2017. The amendment was made in response to comments from ISS Proxy Advisory Services, a branch of Institutional Shareholder Services Inc., a proxy voting advisory and corporate governance services firm.

Gold-Silver Project in Sonora, Mexico Update

Goldex Resources Corporation is pleased to announce that from from May 15th to the 26th a short geological field program was completed at the Mingeo Property. Mineralization as observed in the four underground adits and surface outcrops is mainly confined to low angle quartz “mantos” (0.10 to 3.0m wide), which in places are strongly folded and/or displaced by quartz bearing faults. The quartz mantos strike ENE to WNW with an average dip of 20 degrees mostly to the north. Some mantos show shear movement along their hanging-wall contacts. The quartz mantos are believed to be of orogenic origin and lie within northern Sonora.

Alio Gold Files Updated Technical Reports

Alio Gold Inc, formerly Timmins Gold Corp., announced today that it has filed an updated NI 43-101 compliant technical report for the high-grade, high-margin Ana Paula project on the highly prospective Guerrero Gold Belt, Mexico. The report is available on www.sedar.com and the Company’s website.

Candelaria Closes $9.7 Million Strategic Investment by Agnico Eagle

Candelaria intends to use the net proceeds of the investment for infill and definition drilling to enhance the classification and extension of Caballo Blanco’s current mineral resource, exploration of highly prospective targets within the Caballo Blanco claim area, further technical and optimization studies, payment of final amounts owed to Alio Gold Inc. (formerly known as Timmins Gold Corp.) in connection with the acquisition of the Caballo Blanco gold project and for general working capital and corporate needs.

La Deuda Canadiense

Las mineras de Canadá que operan en México reclaman que el SAT les debe 360 millones de dólares. El conflicto ha llegado a los primeros niveles del gabinete económico de ambos países

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