Month: March 2018

Orla Mining Ltd. is pleased to announce that Mr. David Stephens has been appointed to the Board of Directors of the Company. Mr. Stephens is currently Vice President Corporate Development and Marketing with Goldcorp Inc. He replaces Mr. Steven Thomas as Goldcorp’s representative on the Board of Directors of Orla, following Mr. Thomas’ resignation from the Board, as he is leaving Goldcorp to commence a new role as CFO of Torex Gold Resources Inc.

“We are excited to be an investor in Tradewind and participate in the launch of VaultChain, a cutting-edge technology that integrates physical gold into a blockchain,” said David Garofalo, President and CEO at Goldcorp. “We believe physical gold stored on a blockchain will increase the utility of the commodity and, ultimately, drive value in the price of gold. We are thrilled to be an early adopter of this 21st century platform and deposit its first bar of gold.”

“First Majestic embarked on its most aggressive exploration program in 2017 by completing 156,540 metres of diamond drilling across its Mexican assets which I’m pleased to see a healthy 11% increase in the global reserve base as well as a number of significant new discoveries at La Parrilla and Santa Elena,” stated Keith Neumeyer, President and CEO.

Stockport Exploration Inc. announces that its $295,000 loan financing from various directors, officers, and other private investors of the Company of 15% unsecured convertible notes will have the maturity date extended by eighteen months, subject to TSX Venture Exchange approval. Under the terms of the financing, the principal amount of the Loans bear interest at 15% per annum, payable quarterly and will be repayable by the Company on or before September 27, 2019.

Almadex intends to use the proceeds of the private placement to continue drilling targets at its 100% owned El Cobre gold/copper porphyry project in Veracruz, Mexico, and for general working capital purposes.

Pete Dougherty, President & CEO stated: “We significantly increased our Mineral Reserves and mine life at El Castillo through the purchase of, and exploration success on, the adjacent San Juan mineral concession. Furthermore, we feel we have more opportunity at El Castillo in the future with approximately an additional 220,000 gold ounces in Measured and Indicated Mineral Resource above and beyond the Mineral Reserve. With San Agustin now also having achieved commercial production, the El Castillo Complex boasts a Proven and Probable Mineral Reserve of 1.3 million gold ounces and 26.2 million silver ounces and across our Mexico operations we now have over 1.7 million gold ounces of Mineral Reserves. At La Colorada, we continue to demonstrate our ability to consistently replace the ounces we deplete annually through mining due to our successful exploration programs.”