Highlights on the fourth week of November 2015. “Eppur si muove”

Gambusino Prospector. Even if we complain of too little activity in the mining industry, we can quote Galileo this end of year with his famous “and yet it moves”. On this past week:
On money matters Endeavour Silver announced a US $ 16.5 Million financing, Santacruz Silver Mining agreed to a US $9.5 M loan facility and US Precious Metals Inc entered in agreement with Streicher Capital regarding La Sabila gold property in Michoacan, while Millrock announced a $ 0.7 M financing.
Property wise, Millrock announced the buying of the copper Batamote project in Sonora, from Teck, Orex stated they are to drill the Sandra Escobar silver property in Durango and Rare Earth Minerals Plc reported an updated Mineral Resource estimate for the Sonora Lithium Project in northern Mexico, which has seen its Indicated Mineral Resources increase by over 300% from 1.1 Mt to 5 Mt of lithium carbonate equivalent (“LCE”). In addition, the Project’s Inferred Mineral Resource has been estimated as a total of 3.9 Mt of LCE.
On government action, we saw the second release of mining ground of the year, although it disappointingly only contained two concessions on the list.
Actinver released its estimation for commodity prices 2016-2019, with Copper at $ 2.84/Lb, Gold at $ 1,203/Oz and Silver at $ 17.50/Oz. With these metals prices well below that forecast at the moment, it is good to see a gleaming of optimism.

Arian Silver Corporation – Voluntary Delisting from TSX Venture Exchange


Arian Silver Corporation (the “Company”), a silver mining company focussed on silver projects in the silver belt of Zacatecas, Mexico, announces that it has applied for voluntary delisting of the common shares of the Company (“Shares”) from the TSX Venture Exchange (“TSXV”). The Shares are currently listed for trading on the TSXV and AIM.

DynaResource, Inc. Reports Additional Gold Production at San Jose de Gracia


IRVING, TX–(Marketwired – Nov 30, 2015) –   DynaResource, Inc. (“DynaUSA”, and “the Company”) (OTCQB: DYNR) is pleased to announce that Mineras de DynaResource S.A. de C.V. (“DynaMineras”), the 100% owned subsidiary of DynaUSA and the exclusive operator of the San Jose de Gracia Property in northern Sinaloa, México (“SJG”), is reporting the delivery for sale on November 18, 2015 of an approximate 311 Oz gold contained in concentrates (exact weights in gold and silver oz. to be determined at final settlement).

Mexus Gold is Pleased to Announce That Argonaut Gold Has Completed Phase I Drilling at Julio Project Per Option/JV Agreement


CARSON CITY, Nev., Nov. 30, 2015 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB:MXSG) (“Mexus” or the “Company”) president Paul Thompson recently returned from Mexico and is happy with his findings at the Santa Elena/Julio site.  Mexus has an option/JV agreement with, Argonaut Gold on the project and Argonaut has informed Mexus that on November 16th, they completed their Phase I work program on the Julio project and have fulfilled the initial 6 month work obligation as defined in the Company’s Joint Venture Agreement.  During the program, 16 RC drill holes were completed for a total of 1990 meters.  Drilling was focused on three main target areas referred to as Los Mantos, Los Cruses, and The Central Zone.  All samples have been sent to ALS Chemex for analysis with assays pending. Drill results will be disseminated when they are available.

Hecla to Celebrate 125th Anniversary in 2016


COEUR D’ALENE, Idaho–(BUSINESS WIRE)–Hecla Mining Company (NYSE:HL) will mark its 125th anniversary as a mining company in 2016. CEO and President, Phillips S. Baker, Jr, will officially recognize this achievement with a keynote address at the welcoming luncheon of the American Exploration & Mining Association (formerly Northwest Mining Association) Annual Meeting and Exposition in Spokane, Washington, on Wednesday, December 2, 2015, at 12:00 p.m. PT. A PDF of the presentation will be available on the Company’s website at www.hecla-mining.com.

Excellon Announces Closing of C$6.6 Million Financing


TORONTO, ON–(Marketwired – November 30, 2015) – Excellon Resources Inc. (TSX: EXN) (OTC: EXLLF) (“Excellon” or the “Company”), Mexico’s highest grade silver producer, is pleased to announce that it has completed its previously announced C$6,600,000 financing, comprising C$5,610,000 principal amount of secured convertible debentures of the Company (the “Debentures”) and the sale of a net smelter return royalty (the “NSR”) on the Platosa Project for C$990,000 (collectively, the “Financing”). References to principal amounts and conversion or exercise prices in respect of the Financing are in Canadian dollars.

Exploration Work Underway With Centerra Gold at Riverside’s Tajitos Gold Project, Sonora, Mexico


VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov. 30, 2015) – Riverside Resources Inc. (“Riverside” or the “Company”) (TSX VENTURE:RRI)(OTC PINK:RVSDF)(FRANKFURT:R99) is pleased to announce that exploration work has commenced with partner Centerra Gold Inc. (“Centerra”) at the Company’s Tajitos Gold Project (the “Project”) in Sonora, Mexico. This first phase of work is already expanding the target size and documenting high quality future drill targets. The initial $300,000 USD exploration program funded by Centerra Gold includes extensive continuous channel rock chip trenching and stream sediment sampling to test the surface expression of grade and continuity of the gold target, which is interpreted to be at shallow depths based upon previous mapping and exploration work completed by Riverside.

Centerra Gold Announces Its Succession Plan With Respect to Chief Financial Officer Pending Retirement


TORONTO, ON–(Marketwired – November 30, 2015) – Centerra Gold Inc. (TSX: CG) announced today that Jeff Parr, Vice President and Chief Financial Officer, has informed the Board of Directors of his intention to retire effective March 31, 2016. Jeff joined Centerra as Vice President Finance in 2006 and was promoted to Chief Financial Officer in 2008.

Minaurum Raises $2.5 Million


Vancouver, British Columbia–(Newsfile Corp. – November 30, 2015) – Minaurum Gold Inc. (TSXV: MGG) (“Minaurum”) is pleased to announce it has closed the first tranche of a non-brokered private placement raising $2,507,625. Minaurum has issued 50,152,500 common shares at a price of $0.05 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional common share of Minaurum for a period of three (3) years at an exercise price of $0.075. The securities are subject to a four month and one day hold period. A finder’s fee of $147,000 in cash was paid in connection with this financing.