SSR Mining Inc. announces the appointment of Ms. Elizabeth A. Wademan and Mr. Simon A. Fish, to its Board of Directors (“Board”). The Board approved the appointments to strengthen its expertise in the areas of the international capital markets, legal and corporate governance. The appointments are effective January 1, 2018.
Brian Metzenheim, Gainey Capitals VP of Exploration commented, The style of mineralization found in the shears may represent the upper extents of a moderately sized porphyry deposit that could host economic grades of copper, gold, and silver. I am encouraged by the regional distribution of the shears and the consistency of grades and alteration hosted by them and look forward to initiating exploration work on the project.
SilverCrest Metals Inc. is pleased to announce the completion of the bought deal private placement offering announced on November 30, 2017 whereby the Company issued a total of 9,572,810 units of the Company at a price of $1.05 per Unit for gross proceeds of $10,051,450. Each Unit consists of one common share of SilverCrest and one-half of one common share purchase warrant. Each Warrant entitles the holder to acquire one common share of SilverCrest at an exercise price of $1.45 until December 19, 2019. The Offering includes exercise in full of the underwriters option to purchase additional Units at $1.05 per Unit.
Marlin Gold Mining Ltd. is pleased to announce that it has obtained a final order from the Supreme Court of British Columbia dated December 18, 2017 to implement the Companys previously announced plan of arrangement to reorganize its business, including the spin-off of its wholly-owned subsidiary, Sailfish Royalty Corp.
Gary Cope, President of Orex states, “We are very pleased to bring in a respected and major mining company, as their involvement validates Sandra Escobar and there is still potential for significant upside at the project. We look forward to working closely with both our partners and unlocking future value for our shareholders.”
Discovery Metals Corp. is pleased to announce the appointment of Andreas LAbbé as the new Chief Financial Officer effective immediately. Mr. LAbbé 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. LAbbé 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. LAbbé worked with Grant Thornton LLP in their Assurance and Business Advisory group.
Rodrigo Barbosa, CEO of Aura, commented, We are very excited to announce this strategic transaction. The transaction creates new opportunities for both Auras and Rio Novos shareholders. For Aura this opportunity provides a great new pipeline for growth, and for Rio Novos shareholders, a company committed to developing its assets.
“We are pleased with the conclusion of the permitting process without interruption of operations at Topia”, stated James Bannantine, President & CEO. “We will be commencing imminently the construction of Phase II and have sufficient remaining capacity at Phase I to continue mining operations allowing a seamless transition to deposition at Phase II.”
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.
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.
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