Month: September 2016

Peñoles Invierte US327 Millones en Planta de Zinc en México

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PEÑOLES INVIERTE US327 MILLONES EN PLANTA DE ZINC EN MÉXICO

La empresa mexicana Peñoles informó que continúa su programa normal de inversiones por 327 millones de dólares para expandir la planta de zinc afinado en 120,000 toneladas por año, en el complejo metalúrgico Met-Mex en Torreón, Coahuila.

Este proyecto contará con un nuevo proceso de lixiviación directa de concentrados que sustituirá la tostación y evitará las emisiones de bióxido de azufre, además de que permitirá aprovechar el ácido sulfúrico residual de la planta existente.

Se estima que la planta de electrólisis inicie operaciones en el segundo semestre de 2017 y la planta de lixiviación en el segundo trimestre de 2018, como parte de este proyecto aprobado desde 2014.

 

Alamos Gold Declares Semi-Annual Dividend

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https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1192-tsx/agi/25152-alamos-gold-declares-semi-annual-dividend-3.html

Alamos Gold Inc. (TSX:AGI)(NYSE:AGI) (“Alamos” or the “Company”) today announced that the Company’s Board of Directors has declared a semi-annual dividend of US$0.01 per common share. This represents the Company’s 14th consecutive semi-annual dividend and once again demonstrates its commitment to returning value to shareholders.

The dividend is payable on October 31, 2016 to shareholders of record as of the close of business on October 14, 2016. This dividend qualifies as an “eligible dividend” for Canadian income tax purposes.

Bacanora Minerals Announces Rebuttal of Proposed Merger

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https://www.juniorminingnetwork.com/junior-miner-news/press-releases/924-tsx-venture/bcn/25154-bacanora-minerals-announces-rebuttal-of-proposed-merger.html

CALGARY, ALBERTA–(Marketwired – Sept. 30, 2016) – Bacanora Minerals Ltd. (“Bacanora” or the “Company“), the Toronto and London listed (TSX VENTURE:BCN) (AIM:BCN) company focused on developing the Sonora Project (“Sonora” or the “Project“) in Mexico into a world class lithium carbonate operation, announces that it has received an unsolicited non-binding indicative proposal (the “Proposal“) from Rare Earth Minerals plc (“REM“), an AIM listed investment vehicle with a 19.8% holding in the Company. The Proposal envisages an all-share merger of Bacanora and REM with REM acting as the acquiring entity (via a reverse takeover) and issuing newly issued REM shares to Bacanora’s shareholders. The merger exchange ratio proposed by REM is between 135 and 141 REM shares for each outstanding Bacanora share (the “Proposed Offer“). The Board of Bacanora strongly rejects the Proposal believing it significantly undervalues the Company and jeopardises Sonora’s development path to production.

Gainey Intersects Near-Surface Mineralization Over 70 Meters of 1.14 g/t Au Eq at La Nueva Victoria, Mexico

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http://www.stockhouse.com/news/press-releases/2016/09/29/gainey-intersects-near-surface-mineralization-over-70-meters-of-1-14-g-t-au-eq

VANCOUVER, BC / ACCESSWIRE / September 29, 2016 / Gainey Capital Corp. (TSXV: GNC) (OTCQX: GNYPF) (“Gainey” or the “Company”) is pleased to announce assay results from the first hole of the Company’s ongoing, Phase 1 drill program at the near surface, La Nueva Victoria Mineralized Zone (“La Nueva Victoria”) of the El Colomo property in Sierra Madre Golden Belt, Mexico. The mineralized interval commences at 5.15 meters from surface for 70.85 meters of 0.65 g/t Au and 35.31 g/t Ag (1.14 g/t Au Eq).

Silver Bull Resources Provides Sierra Mojada Exploration Update

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/964-tsx/svb/25091-silver-bull-resources-provides-sierra-mojada-exploration-update.html

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 29, 2016) – Silver Bull Resources, Inc. (OTCQB:SVBL)(TSX:SVB) (“Silver Bull”) is pleased to provide an update on its exploration activities at the Sierra Mojada project in Coahuila, Northern Mexico.

Silver Bull recently commenced an exploration program to target potential sulphide mineralization at depth believed to be underneath and adjacent to, the main zone of mineralization already defined at Sierra Mojada. Deep structures are thought to be the conduits from which the shallow mineralization seen on the project has been emplaced, and are the targets of this program. A number of drill holes have previously intercepted structurally controlled sulphide mineralization such as drill hole “B11144”, which intercepted 8.45 meters at 17% zinc, 5.45% lead, and 60g/t silver starting at 193 meters. In addition, recent underground mapping and sampling identified another area of structurally controlled sulphide mineralization with underground channel samples returning grades up to 690g/t silver, 15.25% zinc, 4.8% lead, and 1% copper.

Gold Resource Corporation Declares September Monthly Dividend

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http://www.marketwatch.com/story/gold-resource-corporation-declares-september-monthly-dividend-2016-09-28-17160027

COLORADO SPRINGS, CO–(Marketwired – Sep 28, 2016) – Gold Resource Corporation (NYSE MKT:GORO) (the “Company”) declares its monthly instituted dividend of 1/6 of a cent per common share for September 2016 payable on October 24, 2016 to shareholders of record as of October 11, 2016. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration and development properties 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.

Source Exploration Announces Non-Brokered Private Placement of Up to $1,500,000 and Debt Conversion

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http://www.stockhouse.com/news/press-releases/2016/09/28/source-exploration-announces-non-brokered-private-placement-of-up-to-1-500-000

Source Exploration Corp. (“Source” or the “Company“) (TSX VENTURE:SOP) is pleased to announce that it has arranged a non–brokered private placement (the “Private Placement“) of up to 10,000,000 units of the Company (the “Units“) at a price of $0.15 per Unit for gross proceeds of up to $1,500,000. Each Unit will consist of one common share of the Company (a “Common Share“) and one transferable common share purchase warrant (each whole warrant, a “Warrant“). Each Warrant will entitle the holder to purchase one Common Share for a period of twenty-four months from the closing date of the Private Placement (subject to acceleration of the expiry date as described below) at a price of $0.25 per Common Share.

Bacanora Announces Results of Its Annual and Special Meeting

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http://www.stockhouse.com/news/press-releases/2016/09/28/bacanora-announces-results-of-its-annual-and-special-meeting

CALGARY, ALBERTA–(Marketwired – Sept. 28, 2016) – Bacanora Minerals Ltd. (“Bacanora” or the “Company“), the Toronto and London listed (TSX VENTURE:BCN)(AIM:BCN) company focused on developing the Sonora Project (“Sonora” or the “Project“) in Mexico into a world class lithium carbonate operation, held its Annual and Special Meeting of the Company in Canada today. All resolutions were duly passed other than resolution 5 to approve the re-domicile of the Company to the UK by means of the Plan of Arrangement, as set out in the Supplement to the Management Information Circular sent to shareholders dated August 30, 2016.

Canasil Resources Reports 57 Metres of 118 g/t Silver at the Sandra-Escobar Project in Durango State, Mexico Silver Mexico

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/1947-tsx-venture/clz/25060-canasil-resources-reports-57-metres-of-118-g-t-silver-at-the-sandra-escobar-project-in-durango-state-mexico.html

VANCOUVER, Sept. 28, 2016 /CNW/ – Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil” or the “Company”) is pleased to announce that Orex Minerals Inc. (TSX-V: REX, “Orex”) has reported that the Phase-3 core drilling program continues to intercept silver mineralization in the southeastern region of the Sandra-Escobar project in Durango State,Mexico. Results from drill holes SA-16-049 to SA-16-053 are reported in the table below. The project is being advanced by Orex under an option agreement with Canasil announced onSeptember 15, 2015.

Highlights for this batch of holes, all located on the northern side of the Main Zone, include SA-16-050, which yielded 57.00 metres core length (46.00 m true thickness) grading 118 g/t silver, starting from surface, and SA-16-049, which yielded 41.00 metres core length (35.00 m true thickness) grading 106 g/t silver, also starting from surface. These results extend the mineralized envelope delineated in the central portion of the Main Zone a further 50 to 100 metres to the North.

Southern Silver Reports Progress on Cerro Las Minitas and Oro Projects

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/441-tsx-venture/ssv/25070-southern-silver-reports-progress-on-cerro-las-minitas-and-oro-projects.html

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 28, 2016) – Southern Silver Exploration Corp. (TSX VENTURE:SSV)(OTCQB:SSVFF)(FRANKFURT:SEG1)(SSE:SSVCL) (“Southern Silver”) reports on continuing exploration programs on both of the Company’s projects; the Ag-Pb-Zn, Cerro Las Minitas project, Mexico and the Au-Ag-Cu project, Oro Stockpond, New Mexico.

A total of 91 drill holes for 35,955 metres have now been completed on the Cerro Las Minitas project with exploration expenditures of approximately US$8.35 million spent on the property since 2011.