The head of Mexicos mining industry said the new government does not seek to implement drastic changes in the sector, cancel concessions or raise royalties that companies pay to extract minerals.
First Mining Gold Corp. is pleased to announce that Daniel Wilton has been appointed as the Company’s new Chief Executive Officer effective as of January 7, 2019. Mr. Wilton replaces Dr. David Shaw, a First Mining director who was appointed as interim CEO in mid-October 2018 until a permanent CEO had been identified. Dr. Shaw will continue to serve as a director of the Company.
Westminster Resources Ltd. is pleased to announce the appointment of Mr. Jason Cubitt as the new Interim President and Chief Executive Officer of the Company effective immediately. The Company has accepted the resignation of Mr. Glen Indra as its President, CEO and Director and wishes to thank Glen for his years of service to Westminster.
“As one of two foundational assets that have been rapidly advanced this year, La Fortuna now has key permitting and technical milestones in place. This provides a path to a commercial production decision in the second half of 2019,” commented Darren Koningen, Chief Executive Officer. “Minera can now begin development activities at La Fortuna that will run in parallel with the proposed development of the Santana gold project and allow for our development team to transition from Santana to Fortuna as the year progresses.”
Almadex Minerals Ltd. is pleased to provide an update on its exploration activities. Subsequent to the spinout of Almadex earlier this year the Company has reviewed its portfolio of exploration projects and has initiated various field work programs. The work conducted has included additional lithology and alteration geologic mapping, soil sampling and geophysical surveys all with the intention of defining specific targets for drilling. The Company has also acquired additional claims on some of these projects.
Prime Meridian Resources Corp. has concluded a binding term sheet for an option to purchase a 100-percent interest in the Tango gold project in southern Sinaloa state, Mexico. The Tango project consists of 3954 hectares over four contiguous concessions in Mexico’s southern Sinaloa State. The Tango concessions have over one hundred historic workings including larger tunnels and stopes as well as several smaller workings and pits.
McEwen Mining Inc. is pleased to announce that it has closed its previously announced “bought deal” private placement of 6,634,000 common shares of the Company that will qualify as “flow-through shares” at a price of US$2.26 (Cdn$3.02) per Flow-Through Share for total gross proceeds of US$15,000,000 (Cdn$20,034,680). The Offering was completed through a syndicate of underwriters led by Cantor Fitzgerald Canada Corporation as sole bookrunner and included BMO Capital Markets and TD Securities Inc.
Minaurum Gold Inc., is pleased to announce that it has received $3,981,937.50 in proceeds from the exercise of warrants bringing its consolidated cash balance to approximately $10M. These additional funds provide Minaurum with the flexibility to expand its on-going exploration program at the Alamos silver project. Minaurum currently has 308,939,046 shares issued and outstanding.
San Marco CEO Christian Grijalva stated: We are pleased to have completed Phase I drilling at Chunibas in a completely safe manner and somewhat under budget. Drilling has confirmed that the Chunibas geological model is typical of that of copper-silver Manto-Type systems known to exist in northern Chile.
Our first drill program at the Pilar Grande and El Granizo areas continues to provide important geological information on the continuity of copper-silver mineralization, stated Michael McPhie, President & CEO of Prize Mining. In detail, the areas are more structurally complex than we had anticipated but our geologists are working on an interpretation that will help guide our ongoing drill program.
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