COLORADO SPRINGS, CO–(Marketwired – Aug 29, 2016) – Gold Resource Corporation (NYSE MKT: GORO) (the “Company”) declares its monthly instituted dividend of 1/6 of a cent per common share for August 2016 payable on September 23, 2016 to shareholders of record as of September 12, 2016. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration and development properties in Nevada, USA.
Month: August 2016
Silver Spruce Provides Pino de Plata Project Site Visit Update and Plans for Maiden Drill Program
BRIDGEWATER, NOVA SCOTIA–(Marketwired – Aug. 29, 2016) – Silver Spruce Resources Inc. (“Silver Spruce” or the “Company”) (TSX VENTURE:SSE)(FRANKFURT:S6Q) is pleased to announce that its field crew has completed a successful site visit to the Pino de Plata project. The 397 hectare (Ha) project is located in the Sierra Madre Occidental of Western Chihuahua State, Mexico, approximately 15 kilometres from Coeur Mining’s Palmarejo silver project and approximately 12 kilometres due south of the town of Chinipas, Chihuahua State, Mexico.
Orex Hits 67 Metres Grading 192 g/t Silver on the Sandra Escobar Project in Durango, Mexico, Including 2 Metres Grading 1,216 g/t Silver
Click to access article_08292016091557.pdf
Vancouver, BC – Orex Minerals Inc. – (TSX-V: REX – OTC: ORMNF) (“Orex”), is pleased to announce that the Phase-III diamond drilling program continues to intercept silver mineralization on the Sandra Escobar Project in Durango, Mexico. Assays for five more drill holes are now available. These include holes SA-16-039 to SA-16-043 in the southeastern region of the project. The Sandra Escobar Project is being advanced by Orex under an option agreement with Canasil Resources Inc. – (TSX.V: CLZ) (“Canasil”). Highlight for this batch of holes is SA-16-041, which yielded 67 metres core length (58 m true thickness) grading 192 g/t silver, starting from surface. Within this is a sub-interval of 2 metres (1.73 m true thickness) grading 1,216 g/t silver.
Las Mineras en México Extraen menos Oro en la Primera Mitad de 2016
CIUDAD DE MÉXICO (Expansión) –
El precio del oro en el país ha subido un 15% en lo que va de año, pues es un valor refugio y seguro por el que apuestan los inversionistas en épocas de incertidumbre global de los mercados, como la actual. Esto ha favorecido a las acciones de mineras mexicanas que producen ese metal, como Peñoles y Frisco, cuyos títulos aumentaron este 2016 cerca de 185% y de 95%.
“En opiniones de la industria, si vuelve el ambiente volátil, es probable que los precios (del oro) sigan subiendo”, anticipó Cecilia Capetillo, analista de Signum Research..
Loma Bonita Gold Zone Continues to Grow
Azure Minerals Limited (ASX: AZS) (“Azure” or “the Company”) is pleased to advise that ongoing diamond and Reverse Circulation (RC) drilling at its flagship Alacrán Project has delivered more significant intercepts of gold mineralisation at the Loma Bonita prospect. Azure’s Managing Director, Tony Rovira said: “These latest drilling results are very positive and supportive of our belief that Loma Bonita could become a substantial gold deposit, particularly as the grades and thicknesses of the gold zone appear to increase significantly to the south. “Together with the ongoing development studies at Mesa de Plata, Loma Bonita is a very high priority for Azure and we’ll continue to keep the drills turning there. Meanwhile, our grass roots exploration program is continuing with a diamond rig now drilling further to the south of Loma Bonita at Cerro San Simon and Cerro Enmedio testing substantial geochemical and geophysical anomalies.”
Extension of exclusive Option Over Tailings Project
http://www.ariansilver.com/news/extension-of-exclusive-option-over-tailings-project
Arian Silver Corporation (“Arian Silver” or the “Company”) is pleased to announce that, further to its press release on 4 May 2016 which announced the Company had secured the exclusive right for 120 days to evaluate a gold and silver tailings project held by Tierra Nuevo Mining Ltd (“TNM”), the period of exclusivity has been extended by a further 60 days to 28 October 2016. There was no cost incurred in the arrangement of the extension.
As reported previously, a NI 43-101 report prepared for TNM in 2012 outlined an indicated mineral resource containing 1 million tonnes with 3 grams per tonne (g/t) gold and 55 g/t silver, representing approximately 100,000 ounces (oz) of gold and some 1.7 million oz of silver.
Marlin Gold Closes Previously Announced Brokered Private Placement and Concurrent Non-Brokered Private Placement
Marlin Gold Mining Ltd. (TSX VENTURE:MLN) (“Marlin” or the “Company”) is pleased to announce that it has completed its previously announced bought deal brokered private placement of common shares (the “Brokered Offering”) with Red Cloud Klondike Strike Inc. (the “Underwriter”). The Company sold 2,430,000 common shares (“Shares”), including 430,000 pursuant to the partial exercise by the Underwriter of its over-allotment option, at a price per Share of $0.50 for gross proceeds of $1,215,000.
In addition to the Brokered Offering, Marlin also accepted, on a non-brokered basis, a subscription for 600,000 Shares at a price per Share of $0.50 for gross proceeds of $300,000 (the “Non-Brokered Offering”, together with the Brokered Offering, the “Private Placement”).
SilverCrest Metals Releases Multiple Sample Results Greater than 2,500 gpt Silver Equivalent from Underground Sampling at Las Chispas Mexico – Video Available on InvestmentPitch.com
Vancouver, British Columbia–(Newsfile Corp. – August 24, 2016) – SilverCrest Metals (TSXV: SIL) has released additional assay results from underground channel sampling at its Las Chispas Project in Mexico.
Las Chispas, located in Sonora State, is in a historic silver-gold mining district which presently hosts two nearby precious metal producers.
Read more at http://www.stockhouse.com/news/press-releases/2016/08/24/silvercrest-metals-releases-multiple-sample-results-greater-than-2-500-gpt#hJxofsHHE1SUOB53.99
IMPACT Silver Announces Second Quarter 2016 Financial and Production Results
VANCOUVER, Aug. 23, 2016 /CNW/ – IMPACT Silver Corp. (“IMPACT” or the “Company”) is pleased to announce its financial results for the six months ended June 30, 2016.
Fred Davidson, President and CEO, stated, “The increase in silver prices has had a positive impact on the Company’s financial performance. For the fourth consecutive quarter the Company’s EBITDA1 is positive at $0.6 million for Q2 2016 compared to a negative EBITDA of $0.8 million in Q2 2015. Revenues in Q2 2016 increased by 61% over Q2 2015 to $4.4 million. Operationally, the Company is continuing to improve its mine operating income, achieving income of $0.7 million in Q2 2016 compared to a loss of $0.8 million in Q2 2015.
DynaResource de Mexico SA de CV Issues Clarifying Statements Regarding the San Jose de Gracia Project (“SJG Project”)
MAZATLAN, MEXICO–(Marketwired – Aug 23, 2016) – DynaResource de México SA de C.V. (“DynaMéxico”), the 100% owner of the San Jose de Gracia Project, located in the County of Sinaloa de Leyva, State of Sinaloa, México (the “SJG Project”), is providing clarifying statements and a number of updates with respect to the SJG Project:
- Goldgroup Mining Inc., Vancouver, BC. (“GGA.TO” – “Goldgroup Mining”) issued a press release on June 27, 2016 claiming to announce a closing of mining operations at the SJG Project, which is misleading, deceptive, and has proven to be false. Goldgroup issued the June 27 press release without independently confirming the facts — and admitted its failure to confirm the facts in the release. DynaMéxico feels compelled to correct the misleading press release issued by Goldgroup.
- DynaMéxico herein states the facts: following an unscheduled inspection of the mining operations at the SJG Project on June 26, 2016 by a Sinaloa State governmental agency, an order of temporary work stoppage was quickly overturned by Sinaloa State court order.