Highlights on financing and project work for the third week of December 2015

The notice of the week was that on an unexpected move to enter the fertilizers market, PEMEX acquired the Grupo Fertinal, which holds a sizable land package containing phosphorite beds in Baja California Sur.  In another interesting matter, not many juniors venture in tailings processing, but GoGold Resources announced it’s been producing silver at $ 7.30 an ounce (all sustaining) at its Parral tailings project.
On financing, Oceanus Resources announced a private placement of $ 2.5 Million dlls, and Red Tiger the closing of its private placement having raised ~ 584.5 thousand dlls at today’s exchange rate, and finally Colibri Resource Corporation raised 50 thousand dollars through a private placement.
On projects, Azure Minerals released favorable metallurgical tests of its Mesa de Plata discovery in Sonora with silver recoveries in the 70 – 76% range. Further east, Consolidated Zinc LTD from Australia, posted the discovery of a new manto in its Plomosas mine in Chihuahua, and Northair Silver Corp released rock sample results on the Nogalera Zone, part of its La Cigarra Project near Parral. Further south, in Durango, Mag Silver reported 28 meters of 1.4 % Zinc and a deep intercept of 9.3 meters running 1 g/t gold, whilst still trying to grasp the vectors of the mineralized system. Also in Durango, Chesapeake Gold Corp announced the future release  of a new PEA on its Metates project in the first quarter of 2016. Finally, in Oaxaca Fortuna Mines describes results and plans for its Brown field exploration program, which has produced drill results like 7.1 m @ 918 ppm AgEq, 5.7 m @ 475 ppm AgEq and 4.6 m @ 1,788 ppm AgEq.Funding, 2nd and 3rd week of December1

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