Millrock Resources Inc. announces it has granted a total of 1,295,000 stock options under the Companys stock option plan to directors, officers, employees, and consultants. The options are exercisable at $0.23 per share for a period of five years.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “Our exploration team, lead by geologist Jose de Jesus Parga (former head of Geological Survey of Mexico), is excited to get started with our new exploration program. At the Tabasquena vein, which can be traced on surface through outcrops for 2000 metres, all historical mining was focused on a small portion of the vein at its furthest lateral extent. What makes this such a compelling silver exploration target is that only the oxidized portion of the epithermal vein had been mined in the 1970s by Penoles, no mining or drilling has ever been completed into the sulphide portion…”
Stockport Exploration Inc. further to the Companys press release dated September 18, 2017, is pleased to announce that it has entered into a definitive agreement providing for the amalgamation of the Company with Sona Nanotech Ltd. pursuant to the Canada Business Corporations Act to form an amalgamated company to be called Sona Nanotech Inc. as the resulting listed issuer. Sona is a private company existing under the laws of Nova Scotia, with its operations in Nova Scotia. As a pre-condition to the Amalgamation, shareholders of Sona will be required to approve continuance of Sona as a corporation under the Canada Business Corporations Act.
As we narrow our focus on production oriented assets in Mexico, we will continue to reshape the organization to deliver the most value for our shareholders and all our stakeholders, said Robert Eadie, president and CEO. The intended sale or joint venture of non-core assets we are announcing today will further align resources, improve efficiencies throughout our company, and prepare us for the next stage of growth.
MEXICAN GOLD CORP. is pleased to announce that it intends to complete a non-brokered private placement of up to $1,000,000 at a price of $0.30 per unit with a small group of investors. The Company may, in its sole discretion increase the size of the Private Placement by up to 25% for aggregate gross proceeds of up to $1,250,000 at the price of $0.30 per Unit at any time prior to the closing of the Private Placement.
Robert Willis, San Marcos CEO commented, Our understanding of this new discovery has rapidly advanced in the last three months. We now have a type deposit to use as an exploration guide and weve enlarged the field crew to accelerate advancement of the discovery. Its encouraging to know there are successful mines based on the same deposit type elsewhere in the world. Like Chunibas, Chilean deposits have mineralized zones that can be visually subtle and contain few accessory minerals that respond to indirect survey methods. We need to map and sample outcrop exposures in detail to maximize the effectiveness of a maiden drill campaign. Were working hard to get that done as quickly and completely as possible.
Odyssey is making great progress already in 2018 on both the mineral and contracted shipwreck elements of our business, and we received notification from NASDAQ on March 8th that we had regained compliance with all listing requirements. The recent ruling by the Mexican Superior Court is a big step towards the ultimate issuance of the environmental permit, which will allow us to confirm that the Don Diego deposit can produce cost-effective phosphate for much-needed fertilizer in an environmentally responsible manner, said Mark Gordon, Odyssey chief executive officer.
Aztec Minerals Corp. recently participated in a Mexican government land lottery and was awarded two new mineral concessions covering approximately 3,149 hectares adjacent to the Cervantes property in Sonora, Mexico. Combined with the 500 hectares currently under option from Kootenay Silver, Aztecs land position at Cervantes has now expanded more than six fold to 3,649 hectares.
Oceanus Resources Corporation is pleased to announce that it has added 4,465 hectares to its El Tigre claim package. This represents an increase of 20% for a total land package of 26,307 hectares.
Highlights from the December 31, 2017 MRMR statements include:
Mineral reserves of 417,000 ozs gold at 3.94 g/t net of mining depletionsince June 30, 2016
A 34% increase in measured and indicated resource to 511,000 ounces at 4.32 g/t
A 23% increase in inferred mineral resources to 220,000 ozs gold at 4.2 g/t
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