Month: September 2016

Orex Intercepts 57 Metres Grading 118 g/t Silver in Drilling on the Sandra Escobar Project in Durango, Mexico

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Click to access article_09282016092401.pdf

Vancouver, BC – Orex Minerals Inc. – (TSX-V: REX – OTCQX: 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. These include holes SA-16-049 to SA-16-053 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”). Highlights for this batch of holes in 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.

First Mining Finance Completes Sale of Three Mexican Silver Assets to Silver One Resources

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/1525-tsx-venture/ff/25000-first-mining-finance-completes-sale-of-three-mexican-silver-assets-to-silver-one-resources.html

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 27, 2016) – First Mining Finance Corp. (TSX VENTURE:FF)(OTCQX:FFMGF) (“First Mining” or the “Company”) is pleased to announce that it has completed its previously announced transaction with Silver One Resources Inc. (“Silver One”) by selling all of the issued and outstanding shares of one of its wholly-owned subsidiaries to Silver One. As a result, Silver One has acquired from First Mining the following three silver assets located in Mexico: the Peñasco Quemado, La Frazada and Pluton properties (collectively, the “Properties”).

As consideration for this purchase, Silver One has issued six million common shares of Silver One to First Mining. In addition, First Mining has retained a 2.5% net smelter return (“NSR”) royalty on the Properties, and Silver One may buy back 1.5% of the NSR by paying US$1 million to First Mining.

Mexus adds new project and updates its shareholders on the Santa Elena mine

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http://www.mexusgoldus.com/news.php

CARSON CITY, Nev., September, 26th, 2016 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB:MXSG)(“Mexus” or the “Company”) President Paul Thompson is happy to report that his recent visit to the Santa Elena mine was successful and confirmed that the project is still on track to be in production late October 2016.  The recent storms which passed through the area slowed progress at the mine site but the crew continues to push forward.

The company also announced today that Mexus and its partner, MarMar, have a new Gold and Silver project called the San Marco mine.   This property sits in the municipality of Pitiquito, 200km S of Puerto Penasco and 250km NW of Hermosillo, Sonora in the community of Puerto Libertad.   The mine encompasses a total of 970 acres.     Most importantly, the previous owners of this property reported 110,000oz.of gold identified through prior geological evaluations which provides a strong basis for future work.

Silver One Resources Completes Acquisition of Mexican Silver Projects from First Mining Finance

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/2013-tsx-venture/sve/24999-silver-one-resources-completes-acquisition-of-mexican-silver-projects-from-first-mining-finance.html

Vancouver, British Columbia–(Newsfile Corp. – September 27, 2016) – Silver One Resources Inc. (TSXV: SVE) (FSE: BRK1) (OTC: SLVRF) (“Silver One” or the “Company”) is pleased to announce that it has closed its acquisition of a subsidiary of First Mining Finance Corp. (“First Mining”), which owns three Mexican silver projects (the “Transaction”). The three Mexican properties are: La Frazada in the State of Nayarit, Mexico, Peñasco Quemado in the State of Sonora, Mexico, and Pluton in the State of Durango, Mexico. La Frazada and Peñasco Quemado have historical resource estimates. Pluton hosts significant exploration potential.

Minaurum Announces High Grade Sampling Results at La Quintera; Commences Exploration Program

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http://www.newsfilecorp.com/release/22739/Minaurum-Announces-High-Grade-Sampling-Results-at-La-Quintera-Commences-Exploration-Program#.V-q5yCjhDIU

Vancouver, British Columbia–(Newsfile Corp. – September 27, 2016) – Minaurum Gold Inc. (TSXV: MGG) (“Minaurum”) is pleased to announce the results of initial rock sampling and the commencement of an exploration program at its La Quintera Silver Project.

Historical exploration work on the project included taking 334 rock samples of which 97 assayed 100-1,380 grams per tonne (“g/t”) Silver (“Ag”) and 106 returned values 30 – 100 g/t Ag. Minaurum’s initial sampling confirmed the prior range of high-grade assay results along with the addition of significant base metal grades. Highlights include: <span”en-ca”>1.0 metre of 1,020 g/tsilver, 1.11% copper, and 0.52% zinc; 2 metres of 427 g/t silver, 0.33% leadand 0.42% zinc; and 2.5m of 232 g/t silver, 1.24% lead and 0.43% zinc.

Silver One Resources Inc Announces Results of Annual General and Special Meeting

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Click to access Silver-One-Sep-26-2016.pdf

ANCOUVER, BRITISH COLUMBIA – Silver One Resources Inc. (Symbol: TSX-V: SVE / FSE: BRK1 / OTC: SLVRF) (the “Company”) is pleased to announce the results at the Company’s annual general and special meeting held on September 23, 2016 (the “Meeting”).

Shareholders voted in favor of all items put forward by the Board of Directors.  Shareholders set the number of directors at five and approved the appointment of Greg Crowe, Luke Norman, W. Barry Girling, Claudia Tornquist and Raul Diaz-Unzueta to the Board of Directors.  Ms. Tornquist and Mr. Diaz are newly appointed directors and Robert McMorran did not stand for re-election as a director of the Company.  The biographies of Ms. Tornquist and Mr. Diaz are set forth in a news release dated August 22, 2016.  The Company wishes to thank Mr. McMorran for his services as a director of the Company.

First Mining Finance Appoints New Chief Financial Officer

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/1525-tsx-venture/ff/24956-first-mining-finance-appoints-new-chief-financial-officer.html

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 26, 2016) – First Mining Finance Corp. (“First Mining” and the “Company”) (TSX VENTURE:FF)(OTCQX:FFMGF) is pleased to announce that, effective immediately, Mr. Andrew (“Andy”) Marshall has been appointed as the Chief Financial Officer (“CFO”) of the Company.

Mr. Marshall is a Chartered Accountant and a Chartered Financial Analyst with 13 years of public company accounting, finance and corporate governance experience. He has been First Mining’s Controller since June 2015 and has been heavily involved in all of the Company’s acquisitions to date. Prior to joining the Company, he spent four years as Director of Finance and Controller with two Vancouver based TSX/NYSE MKT listed silver producing companies. Mr. Marshall also brings public company auditing and assurance experience with PricewaterhouseCoopers (“PwC”) LLP in London, UK and Vancouver, BC where he focused on PwC’s mining, technology and entertainment practices.

Centerra Gold Updates 2016 Third Quarter Results Conference Call and Webcast Notice

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http://www.marketwired.com/press-release/centerra-gold-updates-2016-third-quarter-results-conference-call-and-webcast-notice-tsx-cg-2161077.htm

TORONTO, ON–(Marketwired – September 23, 2016) – Centerra Gold Inc. (TSX: CG) will host a conference call and webcast of its 2016 third quarter financial and operating results at 11:00AM Eastern time on Monday November 7, 2016. The results are scheduled to be released before the market opens on Monday November 7, 2016.

Avino Completes New Resource Estimate for Producing Property in Mexico

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Click to access article_09262016081709.pdf

Avino Silver & Gold Mines Ltd. (ASM: TSX-V, ASM: NYSE-MKT; “Avino” or “the Company”) is pleased to announce the completion of an updated NI 43-101 compliant resource estimate from the Company’s Avino Property located near Durango in west-central Mexico. The new estimate encompasses the property’s San Gonzalo Mine, the main Avino Mine system, and the property’s oxide tailings. The estimates have been included in an updated NI 43-101 compliant technical report prepared by QG Australia Pty Ltd., and this report will be available on SEDAR within 45 days.

Argonaut Gold Reports Incident at the El Castillo Mine in Durango, Mexico

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http://www.marketwired.com/press-release/argonaut-gold-reports-incident-at-the-el-castillo-mine-in-durango-mexico-tsx-ar-2161361.htm

TORONTO, ONTARIO–(Marketwired – Sept. 26, 2016) – Argonaut Gold Inc. (TSX:AR) (the “Company”, “Argonaut Gold” or “Argonaut”) regrets to advise that an employee of its Mexican subsidiary Minexson S.A. de C.V was fatality injured as a result of an incident on Sunday, September 25, 2016.

The Company is fully cooperating with an investigation led by the Department of Labour. The El Castillo operation has not been suspended at this time and a suspension of operations is not anticipated.

Pete Dougherty, President and CEO stated: “This is a tragic event. Our prayers and condolences are with the family of the individual and the employees at El Castillo. The health and safety of our workforce remains our number one priority.”