México lidera caída de inversión en la exploración minera en AL

http://www.elfinanciero.com.mx/empresas/mexico-lidera-caida-de-inversion-en-la-exploracion-minera-en-al.html

En 2015, la inversión en exploración de minas en México fue de 552 millones de dólares, lo representó una baja de 31 por ciento comparado con un año antes y la mayor caída entre los países de Latinoamérica.

Información de la Camimex, muestra que en Perú solo bajó 3.2 por ciento la inyección de capital en la búsqueda de nuevos yacimientos, mientras que en Chile (país líder en la producción de cobre) y en Brasil se redujo en 19.3 por ciento, en ambos casos.

Gainey Capital Announces Drilling Program at the El Colomo Gold-Silver Project in Western Mexico

http://finance.yahoo.com/news/gainey-capital-announces-drilling-program-140000674.html

VANCOUVER, BC / ACCESSWIRE / May 26, 2016 / Gainey Capital Corp. (GNC.V) (GNYPF) (“Gainey” or the “Company”) is pleased to report that drilling will commence by the end of May 2016 at the El Colomo Gold-Silver Project (the “Project”), located in the Sierra Madre Occidental Trend in Western Mexico.

Golden Tag to Raise Up to $900,000

http://www.marketwatch.com/story/golden-tag-to-raise-up-to-900000-2016-05-26-16160117

MONTREAL, QUEBEC–(Marketwired – May 26, 2016) – Golden Tag Resources Ltd. (TSX VENTURE:GOG) (“Golden Tag“) announces that it will seek to raise up to $900,000 through the issuance of up to 18 million equity units (each a “Unit”), each Unit consisting of one common share (“Shares”) and one five year Share purchase warrant (“Warrant”). Each Warrant entitles the holder to purchase one Share at a price of $0.07 per Share if exercised in the first year and $0.12 per share if exercised in years two through five from Closing. Insiders of Golden Tag may subscribe for $170,000 (3.4 million Units) of the placement, of which $100,000 is subject to shareholders approval at the 2016 shareholders meeting which has been rescheduled to June 27, 2016 in Montreal. The terms of the placement and any finders fees are subject to TSX Venture acceptance. Completion is targeted for June 27, 2016 and is subject to the negotiation and execution of definitive agreements as well as customary closing conditions. Of the proceeds raised, $500,000 will be used to purchase the remaining 50% interest in the San Diego silver project announced April 12, 2016 with any excess to be used for general corporate purposes. The placement is subject to a condition that a minimum amount of $500,000 being raised to allow the acquisition of the 50% interest in the San Diego project however this condition may be waived by the subscribers.

Tim Oliver to Lead Alset Energy´s Lithium Advisory commitee for Salars in Mexico

Click to access NR-May-26-2016.pdf

Thunder Bay, Ontario: Alset Energy Corp. (TSXV: ION) (“Alset” or “the Company”) is pleased to announce that the Company has formed a specialty committee and hired expert personnel to help with the evaluation, advancement and potential development of the lithium-, potassium- and boron-rich salars in which the Company has an option to purchase under the previously announced binding Letter of Intent (“LOI”) from Litio Mex, S.A.de C.V. of Zacatecas, Mexico (see PR DATED April 19, 2016).  The new committee will be led by Mr. Tim Oliver, previously of Lithium-X Energy Corp. and will be joined by Mr. David Hawkins and Mr. Brian Robertson.

Morro Bay Announces Second Quarter Financial Results

http://www.fscwire.com/newsrelease/morro-bay-announces-second-quarter-financial-results

Calgary, Alberta (FSCwire)Morro Bay Resources Ltd. (“Morro Bay” or the “Company”) (TSX-V: MRB; OTCQX: MRRBF) announces it has filed its Q2, 2016 condensed consolidated interim financial statements (“Financial Statements”) and the related management’s discussion and analysis of those financial statements (“MD&A”).

Americas Silver Corporation Announces Alex Davidson Appointed as Chairman Company Recommences Full Operations at the Nuestra Senora Mine

http://www.juniorminingnetwork.com/junior-miner-news/press-releases/1883-tsx/usa/20248-americas-silver-corporation-announces-alex-davidson-appointed-as-chairman-company-recommences-full-operations-at-the-nuestra-senora-mine.html

TORONTO, ONTARIO–(Marketwired – May 26, 2016) – Americas Silver Corporation (TSX:USA)(OTCQX:USAPF) (the “Company”) announced today that its Board of Directors (the “Board”) has elected director Alex Davidson to the role of Chairman of the Board, effective today. Peter Hawley has stepped down as Chairman but will continue to act as a Director of the Company.

“Peter has been an integral part of the Company from day one as a founder and former President and Chief Executive Officer of its predecessor Scorpio Mining Company. On behalf of the Board, I want to thank him for his leadership and tireless commitment to the Company, and I am confident he will continue to be an integral part of the Board going forward” said Alex Davidson, Chairman of Americas Silver Corporation. “I am excited to take on the position and responsibility of Chairman and I look forward to continuing to work closely with Darren and our highly regarded management team to make the Company a world class intermediate precious metals producer.”

 

 

Alix Announces Lithium Australia Earns 25% Ownership at Electra Lithium Project, Mexico

http://www.fscwire.com/newsrelease/alix-announces-lithium-australia-earns-25-ownership-electra-lithium-project-mexico

Vancouver, British Columbia (FSCwire) – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) announces Lithium Australia NL (“LIT”)(LIT-ASX) has now completed its phase one obligations to officially earn a 25% vested interest in the Electra Lithium Project which borders Bacanora Minerals Ltd. (BCN-TSX:V) and Rare Earths Minerals PLC (REM) Sonora Lithium Project located in Sonora, Mexico.

Work continues at the Electra Project to explore and develop the projected extensions of the giant Sonora lithium clay deposit.

Santacruz Silver Reports First Quarter Financial Results

Click to access article_05262016091218.pdf

VANCOUVER, May 26, 2016 /CNW/ – Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the “Company” or “Santacruz”) reports on its financial and operating results for the first quarter of 2016 (“Q1”).  The full version of the financial statements and accompanying management discussion and analysis can be viewed on the Company’s website at www.santacruzsilver.com or on SEDAR at www.sedar.com.  All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in thousands of US dollars, except per unit amounts, unless otherwise indicated.

 

Gold Resource Corporation Declares May Monthly Dividend

http://www.marketwired.com/press-release/gold-resource-corporation-declares-may-monthly-dividend-nyse-mkt-goro-2128506.htm

COLORADO SPRINGS, CO–(Marketwired – May 25, 2016) – Gold Resource Corporation (NYSE MKT: GORO) (the “Company”) declares its monthly instituted dividend of 1/6 of a cent per common share for May 2016 payable on June 23, 2016 to shareholders of record as of June 13, 2016. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA.

The Company has returned $108 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends and take delivery in physical gold and silver.

Almaden Minerals Ltd. Announces Closing of $4.4 Million Non-Brokered Private Placement

http://www.juniorminingnetwork.com/junior-miner-news/press-releases/825-tsx/amm/20219-almaden-minerals-ltd-announces-closing-of-4-4-million-non-brokered-private-placement.html

VANCOUVER, BC–(Marketwired – May 25, 2016) – Almaden Minerals Ltd. (“Almaden” or the “Company”) (TSX: AMM) (NYSE MKT: AAU) is pleased to announce that it has closed a non-brokered private placement involving the issuance of 3,229,082 units (“Units”) at $1.35 per Unit. Each Unit consists of one common share of the Company and one-half of one non-transferable common share purchase warrant (each such whole share purchase warrant, a “Warrant”). Each Warrant allows the holder to purchase one common share of the Company at a price of $2.00 per share until November 25, 2018. Fees consisting of $147,925 in cash and warrants to purchase up to 45,944 common shares at a price of $1.44 per common share until November 25, 2018 were paid to PI Financial Corp. and other arms-length finders on a portion of the placement.