Azure’s Managing Director, Mr Tony Rovira commented: “We have made excellent progress during the last quarter, in particular the completion of the Mesa de Plata resource drill out. The Mineral Resource is in the final stage of estimation and is expected to be released shortly. Azure has rapidly progressed Mesa de Plata from first discovery in September 2015 and we are confident that the resource estimate will demonstrate the significance of the Project.
MONTREAL, April 28, 2016 /CNW/ – Cyprium Mining Corporation (TSXV: CUG) (“Cyprium” or the “Company“) is pleased to announce that it has completed a second closing of its previously announced private placement of up to 8,000,000 units (the “Units”) at a price of $0.065 per Unit for gross proceeds of up to $520,000 (the “Offering”). In this closing, Cyprium issued 2,300,000 Units for gross proceeds of $149,500 (the “First Tranche”). Each Unit is comprised of one (1) common share in the capital of the Corporation (“Common Share”) and one (1) share purchase warrant of the Corporation (“Warrant”). Each Warrant will be exercisable into one Common Share at an exercise price of $0.10 expiring two (2) years from the date of issuance.
GOLDEN, Colo., April 29, 2016 /PRNewswire/ — Golden Minerals Company (“Golden Minerals” or the “Company”) (NYSE MKT: AUMN and TSX: AUM) announces results for the first quarter ended March 31, 2016.
First Quarter Summary
- Revenue of (US)$1.5 million in the first quarter 2016 compared to $2.3 million in the first quarter 2015
- Loss from operations of $2.3 million compared to a loss of $5.0 million in the first quarter 2015
- Net loss of $6.3 million in the first quarter 2016, including $3.9 million of noncash expenses related to the Company’s warrants and convertible loan, compared to a net loss of $3.4 million in the first quarter 2015 that included $0.7 million in noncash income related to the Company’s warrants
- Cash and equivalents balance of $2.1 million as of March 31, 2016
TORONTO, ONTARIO–(Marketwired – April 29, 2016) – Argonaut Gold Inc. (TSX:AR) (“Argonaut”, “Argonaut Gold” or the “Company”) is pleased to announce that it has entered into a $30 million revolving credit facility. Additionally, the Company is pleased to highlight results of an updated Preliminary Economic Assessment (“PEA”) for its 100% owned San Agustin gold project in Durango, Mexico prepared by Kappes, Cassiday & Associates (“KCA”), Resource Modeling Inc. (“RMI”) and Argonaut Gold’s management team. In accordance with National Instrument (“NI”) 43-101, a Technical Report will be filed within 45 days. The Company also announces it has received approval on the San Agustin Environmental Impact Study from the Mexican Environmental Authority (SEMARNAT). All dollar amounts are in United States dollars unless otherwise stated.
Arian Silver Corporation (“Arian Silver” or the “Company”) is pleased to announce that it has raised £700,000, before expenses, through the placing of 70 million units (“Units”) of 1p each (“the Placing”) through its broker Beaufort Securities Limited.
Each Unit comprises one new common share (“New Common Share”) and one-half new share warrant (“Warrant”), which entitles the holder to subscribe for one New Common Share at 1.5p. The expiry date of each Warrant will be 28 April 2019.
VANCOUVER, BC / ACCESSWIRE / April 28, 2016 / Gainey Capital Corp. (TSXV: GNC) (OTC: GNYPF) (“Gainey” or the “Company”) is pleased to announce a record number of shareholders voting at the Company’s AGM on Wednesday, March 30, 2016 which includes a 99.98% vote in favour of the current Gainey management.
The Company’s management team is looking forward to a strong 2016 with numerous Mineral Processing agreements expected to commence within the year as well as a Phase 1 drill program projected to start in May, 2016, on the Company’s El Colomo project.
VANCOUVER, April 28, 2016 /CNW/ – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce additional results from the underground channel sampling program and the commencement of a surface drilling program at its Las Chispas Project (“Las Chispas”) located in Sonora, Mexico, as previously announced on March 2, 2016. Las Chispas is in a prolific mining area with nearby precious metal producers. Historical reports indicate the presence of 14 veins in the district of which only three (Las Chispas, William Tell and Babicanora) have been previously mined extensively in the early 1900s, but none of which appear to have been drilled.