Source Exploration Closes First Tranche of Non-Brokered Private Placement

http://www.stockhouse.com/news/press-releases/2016/11/30/source-exploration-closes-first-tranche-of-non-brokered-private-placement

Source Exploration Corp. (“Source” or the “Company“) (TSX VENTURE:SOP) is pleased to announce that it has closed a tranche of its previously announced non-brokered private placement (the “Private Placement“) consisting of 5,192,500 units of the Company (the “Units“) at a price of $0.15 per Unit for gross proceeds of $778,875. Each Unit consisted of one common share of the Company (a “Common Share“) and one transferable common share purchase warrant (a “Warrant“). Each Warrant entitles the holder to purchase one Common Share at a price of $0.25 per Common Share until November 30, 2018 (subject to acceleration of the expiry date as described below).

The net proceeds from this tranche of the Private Placement will be used to continue exploration on the Company’s Las Minas project located in the State of Veracruz, Mexico, and for property payments, debt reduction and general working capital purposes. The exploration program will include a 2,000 to 3,000 metre drill program for definition and expansion of the Eldorado-Juan Bran mineralized zone and an initial National Instrument 43-101 resource technical report.

 

Santacruz Silver Reports Third Quarter Financial Results

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/569-tsx-venture/scz/27185-santacruz-silver-reports-third-quarter-financial-results.html

Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the “Company” or “Santacruz”) reports on its financial and operating results for the third quarter of 2016 (“Q3”).  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 http://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.

Q3 HIGHLIGHTS:

  • Silver equivalent payable ounces sold of 198,639
  • Revenues of $3,026
  • Gross income from mining operations was $786
  • Net loss of $11,064, including an impairment charge of $16,688 related to the San Felipe Project and a gain on debt settlement of $6,377
  • Adjusted EBITDA of $869
  • Cash operating cost per AgEq ounce sold was $12.20/oz
  • All-in sustaining cash cost (AISC) per AgEq ounce sold was $15.88/oz
  • Production cost per tonne of $69.47
  • Veta Grande Project in commercial production as of October 1, 2016

Alset Updates Progress on Re-Sizing Concessions and Drilling Permits

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1995-tsx-venture/ion/27205-alset-updates-progress-on-re-sizing-concessions-and-drilling-permits.html

THUNDER BAY, ONTARIO–(Marketwired – Nov. 30, 2016) – Alset Energy Corp. (TSX VENTURE:ION) (“Alset” or “the Company”) is pleased to provide an update regarding ongoing work encompassing re-sizing the concessions as well as permitting efforts on the Company’s Mexican Lithium Salar projects.

The largest concession, Sutti 19 located in the State of San Luis Potosi, Mexico, is currently being split into 18 smaller concessions that will result in the reduction of annual work requirements required by the Mexican government but without any loss of ground. Concession Sutti 19 covers approximately 8776 hectares and will be split into 18 separate new contiguous concessions with a maximum of 500ha each. The total amount of hectares will remain unchanged however the expenditures required by the Mexican government will be drastically reduced (see Alset PR October 4, 2016). Surveying monuments were erected to facilitate this work and were completed by the Company’s team of consultants in Mexico. The paperwork associated with this effort is currently being finalized and will be submitted to the requisite Mexican authority promptly. The Sutti 19 concession currently covers numerous salars including Caliguey and Santa Clara. Caliguey was a historical table salt operation that returned high lithium values from 1.2% to 2.1% lithium in 4 samples of fluid collected on the surface of the property by the Mexican government in 1992 (see Alset PR dated September 1, 2016).

Cyprium Mining Corporation Provides Corporate Update

http://www.newsfilecorp.com/release/23814/Cyprium-Mining-Corporation-Provides-Corporate-Update#.WD8g5ubhDIU

Montreal, Quebec–(Newsfile Corp. – November 29, 2016) – Cyprium Mining Corporation (TSXV: CUG) (“Cyprium” or the “Company“) announces that it has entered into debt settlement agreements (the “Debt Conversions“) with various creditors who are not insiders of the Company to settle up to $248,703 of indebtedness by the issuance of up 100,000 units at a price of $0.065 per unit (the “Units for Debt“), up 3,427,273 units at a price of $0.055 per unit (the “Units for Debt“), up to 10,318 common shares in the capital of the Company (“Common Share“) at a price of $0.065 per Common Shares, up to 368,900 common shares in the capital of the Company (“Common Share“) at a price of $0.06 per Common Shares and up to 561,782 Common Shares at a price of $0.055 per Common Shares. Each Unit for Debt will be comprised of one Common Share in the capital of the Company and one share purchase warrant of the Company (“Warrant“). Each Warrant will be exercisable into one Common Share at an exercise price of $0.10, expiring two years from the date of issuance.

Closing of the Debt Conversions and the issuance of the Common Shares and the Warrants is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange Inc. Pursuant to applicable securities laws, all securities issued pursuant to the above-mentioned transactions will be subject to a hold period of four months plus one day following the closing of the Debt Conversions.

In addition, as announced on October 29th, 2015, upon closing of the acquisition of a controlling interest in a joint venture with respect to the Potosi silver mine located in the mining district of Santa Eulalia in Mexico and the property adjacent to the south of the Potosi silver mine known as La Chinche, the Company acquired from an arms’ length third party (the “Arms’ Length Party“) certain rights with respect to the Potosi silver mine, including the rights to mine the Potosi silver mine (the “Rights“). The total purchase price for the Rights was US$746,846 (the “Purchase Price“) which was payable as to US$400,000 in cash at closing in October 2015 and US$346,846 to be paid in monthly installments starting eight months after the date of the closing (the “Post-Closing Amount“). The Company had recently been negotiating with the Arms’ Length Party to extend and/or restructure the repayment of the Post-Closing Amount. Cyprium has been informed by the Arms’ Length Party of its intent to end negotiations and demanded the payment of the Post-Closing Amount. Cyprium continues to evaluate financing options to finance the payment of the Post-Closing Amount.

About Cyprium Mining Corporation

For the description of Cyprium Mining’s business and the Company’s Forward Looking Statement Disclaimer which form an integral part of this news release please visit our website at:

http://www.cypriummining.com/en/investors/disclaimers

For further information, please contact:

Alain Lambert, Chairman and C.E.O.
Email: ir@cypriummining.com

Ronald Keenan, COO
Email: rkeenan@cypriummining.com

Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release.

This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward -looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding an outlook. Such statements include, among others, those concerning the Company’s anticipated plans for developments of the Company and its mining projects.

Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management’s expectations regarding future growth, plans for and completion of projects by Company’s third party relationships, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, including, without limitation, operational risks in the completion of Company’s anticipated projects, delays or changes in plans with respect to the development of Company’s anticipated projects by Company’s third party relationships, risks affecting the ability to develop projects, risks inherent in operating in foreign jurisdictions, the ability to attract key personnel, and the inability to raise additional capital. No assurances can be given that the efforts by the Company will be successful. Additional assumptions and risks are set out in detail in the Company’s MD&A, available on SEDAR at www.sedar.com.

Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law. Investors should note that, while the mineralized material being processed by the Company is assayed, there is no certainty that the proposed operations will be economically or technically viable. Investors should also note that the Potosi silver mine and La Chinche property have no established mineral resources or mineral reserves as defined by NI 43-101.

Timmins Gold Corp. Closes C$20 Million Bought Deal Offering of Units

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/896-tsx/tmm/27207-timmins-gold-corp-closes-c-20-million-bought-deal-offering-of-units.html

Timmins Gold Corp. (“Timmins Gold” or “the Company”) (TSX:TMM)(NYSE:TGD) is pleased to confirm closing of its previously announced bought deal offering of 36,400,000 units of the Company (the “Units”), at a price C$0.55 per Unit for gross proceeds to the Company of approximately C$20 million (the “Offering”).

The Units were issued in a public offering in all of the provinces of Canada, other than Quebec, pursuant to a short form prospectus dated November 28, 2016, and were underwritten by a syndicate of underwriters led by National Bank Financial Inc. and RBC Capital Markets and including BMO Nesbitt Burns Inc., PI Financial Inc., Scotia Capital Inc. and TD Securities Inc.

Gobernadora anuncia reactivación de minera

https://www.elimparcial.com/EdicionEnLinea/Notas/Sonora/29112016/1153860-Gobernadora-anuncia-reactivacion-de-minera.html

Hermosillo, Sonora(GH)

La gobernadora Claudia Pavlovich Arellano anunció el reinicio de operaciones de la empresa minera ArcelorMittal México, ubicada en Rosario Tesopaco, la cual generará más de tres mil 500 empleos directos e indirectos.

En una reunión con el director general de la empresa minera ArcelorMittal México, Víctor Manuel Martínez Cairo, se confirmó la reactivación de la extracción minera de hierro en Sonora en la mina “El Volcán”.

A casi un año del paro de labores, la reanudación de las actividades en la mina “El Volcán” de ArcelorMittal México, provoca también el restablecimiento de actividades en la planta concentradora en Ciudad Obregón y la actividad portuaria en Guaymas, dijo Víctor Manuel Martínez Cairo.

Red Tiger Reports Quarter Ended September 30, 2016 Results (Expressed in US dollars except where noted as C$)

http://www.stockhouse.com/news/press-releases/2016/11/29/red-tiger-reports-quarter-ended-september-30-2016-results-expressed-in-us

Toronto, Ontario / TheNewswire / November 29, 2016; Red Tiger Mining Inc., (TSXV:RMN), (the “Company” or “Red Tiger”) today reported its financial and operating results for the three and nine months ended September 30, 2016. This press release should be read in conjunction with the Company’s unaudited condensed interim consolidated financial statements for the three and nine months ended September 30, 2016 and Management’s Discussion and Analysis (“MD&A”) for the corresponding period, available on the Company’s website at http://www.redtigermining.com and on SEDAR at http://www.sedar.com.

Dr. Stewart Jackson and Mr. Ralph Stricklen Join Hawkeye Team

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2029-tsx-venture/hgo/27146-dr-stewart-jackson-and-mr-ralph-stricklen-join-hawkeye-team.html

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov. 29, 2016) – HAWKEYE Gold & Diamond Inc. (the “Company” or “HAWKEYE”) (TSX VENTURE:HGO)(FRANKFURT:HGT)(ISIN:CA42016R3027)(WKN:A12A61) is pleased to announce that Dr. Stewart Jackson and Mr. Ralph Stricklen have agreed to join the Hawkeye team as geological, mining and milling Senior Technical Advisors providing the Company with years of significant knowledge and experience which will be invaluable as the Company advances its projects.

Almadex Options Los Venados Project to Wolverine Minerals Corp.

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1744-tsx-venture/amz/27169-almadex-options-los-venados-project-to-wolverine-minerals-corp.html

VANCOUVER, BC–(Marketwired – November 29, 2016) – Almadex Minerals Limited (“Almadex” or the “Company”) (TSX VENTURE: AMZ) (OTCQB: AXDDF) is pleased to announce that it has signed a definitive agreement to option all of its interest in the Los Venados project to Wolverine Minerals Corp. (“Wolverine”) (TSX VENTURE: WLV) in exchange for CAD$30,000 on execution of the agreement for expenditures on the property, up to 2 million WLV shares over a three year period, and a retained 2.0% NSR royalty. In addition, Wolverine has agreed to drill a minimum 1,000 meters by the second anniversary of the date of approval of the agreement by the TSX Venture Exchange (“Approval Date”), as part of total required project expenditures of a minimum of US$500,000 by the third anniversary of the Approval Date. The Definitive Agreement is subject to acceptance for filing by the TSX Venture Exchange on behalf of Wolverine.

Almaden Drills Further New High Grade Mineralisation Within and Outside Amended PEA Pit, Hits 15.80 Meters of 4.31 g/t Gold, 98.0 g/t Silver and 14.20 Meters of 3.08 g/t Gold and 161.2 g/t Silver

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/825-tsx/amm/27168-almaden-drills-further-new-high-grade-mineralisation-within-and-outside-amended-pea-pit-hits-15-80-meters-of-4-31-g-t-gold-98-0-g-t-silver-and-14-20-meters-of-3-08-g-t-gold-and-161-2-g-t-silver.html

VANCOUVER, BC–(Marketwired – November 29, 2016) – Almaden Minerals Ltd. (“Almaden” or “the Company”) (TSX: AMM) (NYSE MKT: AAU) is pleased to announce further assay results from Almaden’s ongoing exploration and development program at the Company’s Tuligtic project, Mexico. Results reported today are from from drill holes TU-16-470 to 476 drilled on sections 10+500, 625 and 650 East. All holes intersected significant mineralisation and veining inside or immediately outside of the Amended PEA pit. The holes drilled to the north intersected the previously defined subvertical Ixtaca North vein zone as well as the new zones of veining.

Hole TU-16-470 SECTION 10+625 EAST Az. 150, Dip -20
5.50 meters @ 27.31 g/t Au and 66.3 g/t Ag Main Ixtaca Zone Updip
Including 1.00 meters @ 143.00 g/t Au and 315.0 g/t Ag Main Ixtaca Zone Updip
Hole TU-16-471 SECTION 10+500 EAST Az. 330, Dip -60
9.60 meters @ 2.01 g/t Au and 139.3 g/t Ag Ixtaca North Zone
29.50 meters @ 0.98 g/t Au and 39.3 g/t Ag Ixtaca North Zone
Hole TU-16-473 SECTION 10+500 EAST Az. 330, Dip -40
25.60 meters @ 0.75 g/t Au and 37.0 g/t Ag Ixtaca North Zone
Including 8.10 meters @ 1.92 g/t Au and 106.3 g/t Ag Ixtaca North Zone
1.55 meters @ 1.03 g/t Au and 303.7 g/t Ag New Vein Zone
1.00 meters @ 0.75 g/t Au and 514.8 g/t Ag New Vein Zone
Hole TU-16-474 SECTION 10+500 EAST Az. 330, Dip -80
15.80 meters @ 4.31 g/t Au and 98.0 g/t Ag New Vein Zone
Including 4.30 meters @ 12.36 g/t Au and 287.8 g/t Ag New Vein Zone
22.00 meters @ 1.92 g/t Au and 34.5 g/t Ag New Vein Zone
Hole TU-16-475 SECTION 10+650 EAST Az. 330, Dip -40
16.70 meters @ 2.21 g/t Au and 160.9 g/t Ag New Vein Zone?
Including 6.10 meters @ 5.01 g/t Au and 352.9 g/t Ag New Vein Zone?
20.35 meters @ 2.25 g/t Au and 117.9 g/t Ag New Vein Zone?
Including 14.20 meters @ 3.08 g/t Au and 161.2 g/t Ag New Vein Zone?
And 3.15 meters @ 10.45 g/t Au and 462.1 g/t Ag New Vein Zone?
Hole TU-16-476 SECTION 10+650 EAST Az. 330, Dip -27
0.75 meters @ 2.45g/t Au and 627.0 g/t Ag New Vein Zone?