Day: December 18, 2017

Discovery Metals Announces Appointment of New CFO and Changes in Fiscal Year-End

Discovery Metals Corp. is pleased to announce the appointment of Andreas L’Abbé as the new Chief Financial Officer effective immediately. Mr. L’Abbé is a Chartered Professional Accountant (Chartered Accountant) and brings over 10 years of financial and accounting experience in the mining sector. He has held key finance and strategy positions with a number of producing mining companies, most recently as Director of Finance at Tahoe Resources Inc. During his career Mr. L’Abbé also held the positions of VP Finance at Timmins Gold Corp. (now Alio Gold Inc.), and Financial Reporting Analyst for Goldcorp Inc. Prior to these roles, Mr. L’Abbé worked with Grant Thornton LLP in their Assurance and Business Advisory group.

Aura Minerals Inc. and Rio Novo Gold Inc. Announce Merger Transaction

Rodrigo Barbosa, CEO of Aura, commented, “We are very excited to announce this strategic transaction. The transaction creates new opportunities for both Aura’s and Rio Novo’s shareholders. For Aura this opportunity provides a great new pipeline for growth, and for Rio Novo’s shareholders, a company committed to developing its assets.”

Gold recovery equipment successfully tested at Santa Elena Mine

“Representatives from both Mexus and MarMar have worked diligently to get to this point. All aspects of the operation at the Santa Elena mine will now be increased to achieve maximum returns. We will be releasing additional details as key milestones and targets are reached.” added CEO Paul Thompson.

Radius Gold reports additional high grade sampling from Amalia Project, Mexico

Vancouver, Canada: Radius Gold Inc. is pleased to provide an update on exploration in Mexico and reports new high grade channel sampling results from the Amalia Project located in the State of Chihuahua, Mexico. Radius exploration teams have been systematically advancing Amalia to drill ready stage, including the submission of applications for drilling to the regional authorities. Additionally, teams have been prospecting the Tarros property and new regional targets in Mexico. In total Radius geologists have collected an additional 315 rock and 195 soil samples in the last three months.

Torex Announces Suspension Of Employment Contracts

Torex Gold Resources Inc. announces, with great regret, that it has suspended the employment contracts of its workforce in Mexico. This suspension is the direct result of an illegal blockade of its ELG Mine, by the Los Mineros Union, an outside union that wants to take over representation of the employees who already have a union. Since the blockade began, on November 3, 2017, the Company has continued to pay its workforce, except for the minority that have participated in the illegal blockade. The suspension of the employment contracts was effective on December 16, 2017, and will affect all employees in Mexico, with the exception of a small number that will manage the Company’s ongoing responsibilities.

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